Reliance Industries on Saturday said it has submitted a bid to acquire US petro-chemical giant LyondellBasell that has a market valuation of $55 billion. If successful this will be the biggest acquisition by any Indian company overseas.

Canada has announced a new liberal business visa regime for Indian businessmen to catch up with other industrialised nations in boosting trade with India.

The country's largest private bank ICICI Bank on Saturday said it has mopped up $750 million through a five-year bond issue at its Bahrain branch. The issue had an order book of over $3 billion and was participated by over

Hershey may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports on Friday.

India will be the third largest economy in the world after China and United States by 2050, a US-based internationally recognised foreign-policy think tank has said. It also said China will become the world's largest economy in 2032.