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United Breweries Holdings said state-owned Punjab National Bank (PNB) has declared it a “wilful defaulter”, days after its flamboyant chairman Vijay Mallya bought a cricket team in the Caribbean Premier League.

WeWork, the New York-based office rental startup valued at $15 billion recently, is in talks with Bengaluru-based developer Embassy Group for a joint venture to enter India, said people familiar with the matter.

Federation of Indian export organisations (FIEO) organised a meeting with US Ambassador to India, Richard Verma at New Delhi.

Seeking to align interest on small savings with market rates, the government on Monday cut rates on short-term post office deposits by 0.25 per cent but left long-term instruments such as Monthly Income Scheme (MIS), Public Provident Fund (PPF), senior citizen and girl child schemes untouched.

Drug major Cipla on Tuesday said the government has approved an investment by Mauritius-based FIL Capital Investments in its subsidiary Cipla Health Ltd. The investment is still subject to other conditions precedent and the transfer of company's consumer healthcare business to Cipla Health Ltd.

The State Bank of India launched an initiative on Tuesday to help strengthen business ties between Asia's third-largest economy and Japan, where investors eyeing Indian markets need support in navigating the country's notoriously complex bureaucracy.

Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in. However Iran, a major sticking point, was absent from the talks with Tehran determined to raise production.

Tim-Telecom accelera sugli investimenti in Italia. L?impegno per i?prossimi tre anni ? di 12 miliardi rispetto ai 10 miliardi del piano?precedente, di cui 3,7 miliardi per la...