Business News
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14 Apr 2016
BusinessNITI Aayog pushes for a solar equipment manufacturing policy
The NITI Aayog is in the final stages of preparing a solar equipment manufacturing policy.
12 Apr 2016
BusinessSC chides RBI, says big defaulters escape while farmers driven to suicide
The Supreme Court reprimanded the Reserve Bank of India after RBI said that it should not disclose details of the loan defaulters.
12 Apr 2016
BusinessAirtel gets final license for payment bank
Bharti Airtel's unit, Airtel M-commerce Services Ltd. (AMSL), has received the final payment bank license from the Reserve Bank of India (RBI).
9 Apr 2016
BusinessAirtel signs Rs.3,500 crore spectrum deal with Aircel
Airtel announced a Rs.3,500 crore deal to acquire 20 MHz of Aircel's 4G spectrum in 8 circles of West Bengal, Bihar, Jammu & Kashmir, Tamil Nadu, Orissa, Assam and the North East.
8 Apr 2016
BusinessIndia numero uno in Credit Suisse emerging consumer scorecard
India has once again topped the Emerging Consumer Scorecard released by Credit Suisse.
7 Apr 2016
BusinessEight Indians feature in Forbes' Power Businesswomen list
Forbes' 'Asia's 50 Power Businesswomen 2016' featured Nita Ambani, Director/Chairman-Reliance Industries and Arundhati Bhattacharya, Chairman & MD-SBI in the first and second ranks respectively.
6 Apr 2016
BusinessRBI to give more licenses to differentiated banks
In order to expand financing, the Reserve Bank of India (RBI) will provide more licenses to niche and differentiated banks.
5 Apr 2016
BusinessXiaomi leads Rs.170 crore investment in Hungama
Xiaomi led a $25-million (Rs.170 crore) in Hungama Digital Media Entertainment.
5 Apr 2016
BusinessSet top boxes may become interoperable
The Telecom Regulatory Authority of India (TRAI) has started a pre-consultation process to have Set-Top Boxes (STBs) used interchangeably between service providers in the country.
4 Apr 2016
BusinessOil giant Saudi Aramco to invest in India
During Prime Minister Modi's visit to Saudi Arabia, oil-giant Saudi Aramco announced their plans to make major investments in the Indian petroleum sector.
3 Apr 2016
BusinessDCB starts Aadhaar based ATM
DCB bank, for the first time in the country, has started an Aadhaar based ATM facility that does not require pin but asks for biometric details.
3 Apr 2016
BusinessIndirect tax collection surpasses Rs.7.04 lakh crores
According to Najib Shah, Chairman Central Board of Excise and Customs, the total indirect tax collection has surpassed even the revised estimate of Rs.7.04 lakh crores.
1 Apr 2016
BusinessPeople earning above Rs.50 lakhs under IT Dept lens
In a bid to check black money, the Income Tax department has released a new ITR (Income Tax Return) form for those earning above Rs.50 lakhs per annum.
1 Apr 2016
BusinessTruck sales may be impacted by freight corridors
The Dedicated Freight Corridor (DFC) project which is hailed as a game changer for railway freight networks, may affect the sales of trucks.
1 Apr 2016
BusinessNew lending rate formula to make loans cheaper
Private and public sector banks are moving to implement a new lending rate structure, based on marginal cost of funds from 1st April 2016.
28 Mar 2016
BusinessJapan’s NTT buys Dell’s IT-services at $3.055 bn
Nippon Telegraph & Telephone Corporation's IT and consulting unit, NTT Data has agreed to buy Dell's IT Services unit at $3.055 billion as it plans to expand its market outside Japan.
28 Mar 2016
BusinessGVK to sell 33% stake in Bangalore International Airport
GVK Power and Infrastructure Ltd announced its plans to sell 33% stake in Bangalore International Airport Ltd to Fairfax India Holdings Corp. and Fairfax Financial Holdings Ltd for Rs.2,149 crores.
25 Mar 2016
BusinessPlayboy Enterprises looking for sale of assets
Playboy Enterprises, the US adult entertainment group announced that it had hired an investment adviser to look at a likely sale of the company.
21 Mar 2016
BusinessGodrej Properties raises $275 million for GRIP-II
Godrej Properties raised $275 million for Godrej Residential Investment Program II (GRIP-II) with the help of APG Asset Management NV- Dutch pension fund asset manager as the lead investor.
17 Mar 2016
BusinessRs.3,310 crore Videocon - Idea spectrum deal off
Idea Cellular Ltd and Videocon Telecommunications Ltd (VTL) have jointly agreed to cancel their Rs.3,310 crore spectrum deal for Gujarat and Uttar Pradesh telecom circles.
16 Mar 2016
BusinessInfibeam eyes $334 mn valuation in first-phase IPO
Infibeam Inc. is eyeing a valuation of $334 million in the company's first phase of IPO.
15 Mar 2016
BusinessFlipkart appeals to HC against Uttarakhand's high taxation
Flipkart has taken Uttarakhand's decision to levy 10% entry tax on goods purchased from e-commerce firms, to the Uttarakhand High Court (HC).
12 Mar 2016
BusinessModi addresses IMF's 'Advancing Asia' conference
Modi addressed the IMF conference and appreciated the IMF-Chief for holding an event to propel the global economy.
11 Mar 2016
BusinessCentre makes way for new hydrocarbon policy
The Union Cabinet adopted a new Hydrocarbon Exploration and Licensing Policy (HELP) aimed at promoting investments in the oil and gas sector.
9 Mar 2016
BusinessSebi lets off RPIL in the IPCL case
Mukesh Ambani-led Reliance Industries Ltd (RIL) group's Reliance Petroinvestments Ltd (RPIL) got respite as markets regulator Securities and Exchange Board of India (Sebi) let it off in the IPCL insider case.
9 Mar 2016
BusinessCrompton Greaves to sell T&D business
Crompton Greaves Ltd said it would sell its overseas power business to a US private equity fund for an enterprise value of $126.1 million.
8 Mar 2016
BusinessSyndicate Bank premises under CBI raid
The CBI began probing an alleged scam at the state-run Syndicate Bank.
7 Mar 2016
BusinessMahindra thinking of manufacturing SsangYong cars in China
Mahindra & Mahindra (M&M) is rethinking the strategy to revive its loss-making South Korean auto manufacturer SsangYong Motor Co, putting a halt to its planned push into the US and focusing instead on China.
5 Mar 2016
BusinessMyanmar gives operating license to 4 more Asian banks
4 Asian banks were given operating licenses by Myanmar in the 2nd round.
29 Feb 2016
BusinessUltratech to acquire JP cement plants
UltraTech, the Aditya Birla Group firm announced that it would be acquiring the debt-ridden JP Group's cement plants for almost Rs.17,000 crore (approximately $2.5 billion), making it the biggest deal in the sector.
29 Feb 2016
BusinessIndia held ground in tough times: Jaitley
Arun Jaitley, the Finance Minister of India began his budget speech by exclaiming that despite tough times "India has held its ground firmly".
27 Feb 2016
BusinessSBI to be a part of Feb 29 strike
State Bank of India in a statement said that a part of its workers may participate in the All India Bank Officers Confederation (AIBOC) agitation on 29 February.
27 Feb 2016
BusinessIndian economy likely to grow by 7-7.75%
The Economic Survey 2016 said that the Indian economy was likely to grow by 7-7.75% over the next year.
24 Feb 2016
BusinessONGC to invest $500 million in Venezuelan JV
OVL (ONGC Videsh Limited), the overseas wing of state-run Oil and Natural Gas Corporation, is likely to arrive at an agreement with Venezuela's Petróleos de Venezuela, SA (PDVSA) to invest around $500 million in their San Cristobal Joint Venture.
23 Feb 2016
BusinessHow is the Union budget made?
The Union Budget is one of the most important announcements by the government for which the whole country waits eagerly.
18 Feb 2016
AppleApple Pay to launch in China this week
Apple's head Tim Cook announced the launch of its digital wallet service, Apple Pay, in China, after an alliance between Apple Pay and China UnionPay, a state owned bank card association was finalized.
17 Feb 2016
BusinessTiger Global Management funds ‘The Viral Fever’
Tiger Global Management LLC has invested $10 million (Rs.65.6 crore) and taken a minority stake in 'The Viral Fever', an online digital-entertainment channel.
17 Feb 2016
BusinessDeclining exports tells all is not well
Amidst the high expectations generated in the Make in India week and high hopes from the Finance Minister in the upcoming Union Budget 2016-17, the latest trade data reports worrisome trends.
12 Feb 2016
BusinessUber to pay $28.5 million to settle safety-claims lawsuits
Uber will pay almost $28.5 million to roughly 25 million customers (who took rides between January 2013- January 2016) to resolve two class-action lawsuits.
11 Feb 2016
BusinessIndian gold demand likely to surge: WGC
The World Gold Council has said that moving forward, Indian gold demand may rise owing to apprehensions of delays in interest rate hikes by the US Federal Reserve.
