With an eye on high-end consumers, India's water purifier market leader Eureka Forbes has forged a 50:50 joint venture with UK-based Waterlogic to develop premium water purification products and solutions. The companies will invest $10 million ( Rs. 54 crore) over 5 years to bring their products into the market.

Law minister Ashwani Kumar and Bajaj Auto chairman Rahul Bajaj got into a verbal spat at a panel discussion during the World Economic Forum’s Indian conference. The session, “Rebooting India”, focused on ways to revive the economy.

Hinduja group firm Gulf Oil Corporation on Wednesday said it has acquired US-based Houghton International Inc, a global market leader in metal working fluids, for $1.045 billion (around R5,685 crore) through the company’s UK-based subsidiary.

A maiden Rs. 1,312-crore dividend payout from its UK-based subsidiary Jaguar Land Rover saved the day for India's largest automobile maker Tata Motors, as it posted a 10.5% year-on-year rise in consolidated net profit at Rs. 2,075 crore for the July-September quarter.

The Indian arm of ESPN and Subhash Chandra-led Dish TV are locked in a bitter dispute with the multinational broadcaster threatening, through a public notice, to pull off signals to the satellite-based distribution firm. Vivek Sinha reports.

Aditya Birla group company Hindalco Industries recorded a net profit of Rs. 359 crore for the quarter ended September —  a decline of 29% from the previous year’s Rs. 503 crore — on rising input costs.

Moody's today downgraded the credit rating of world's largest steel maker ArcelorMittal to junk status, citing the deteriorating global market scenario, and retained negative outlook on the entity.

Canada-based property developer Bob Dhillon is willing to invest in India’s lucrative property market provided the government relaxes investment and capital repatriation norms for foreign firms. Dhillon showed interest in the real estate market of smaller cities and towns of India.

Japan’s Suzuki Motor Corp will pull the plug on its unprofitable auto sales business in the US after nearly three decades, hurt by a strong yen and a limited choice of vehicles that failed to excite consumers.

Food and confectionary products maker Britannia Industries on Tuesday reported a 36.4% year-on-year rise in net profit at Rs. 58.9 crore during the July-September quarter on the back of strong growth in volumes, driven by good performance in dairy business, as well as upturn in global operations.

Indian Hotels on Tuesday posted a net loss of Rs. 6.36 crore for the quarter ended September 2012, as against a net profit of Rs. 8.35 crore in the year-ago period.

Sensing business potential in making milk-based sweets, Mother Dairy has launched traditional sweets ahead of Diwali.

Reliance Broadcast Network (RBNL) on Monday announced its foray into Australia with the launch of 'Big Magic International' television channel.