World Business News

Tycoon Vijay Mallya, scrambling to raise funds to rescue his ailing Kingfisher Airlines Ltd, is considering the sale of all or part of his stake in United Breweries (UB), his flagship beer business, to Dutch brewer Heineken NV, said people familiar with the situation.

It's a hot week for public debuts. Shares of two tech-related companies, CafePress and Millennial Media, gained in their initial public offerings Thursday.

Growth in eight core industries, including electricity, coal, cement, steel and crude oil, rose by 6.8 percent in February against 0.5 percent in the previous month, raising hopes of a revival in the overall factory output, official data showed.

Technology, construction and engineering major, Larsen & Toubro (L&T), has joined hands with South Korea's Samsung Techwin Co.(STW) to develop tracked self-propelled artillery guns for the Indian Army.