Business News
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10 Apr 2018
UberUber acquires dockless bike-sharing start-up JUMP for $200 million
Uber has acquired dockless bike-sharing start-up JUMP for an undisclosed amount of money. However, some reports suggested that the deal was finalized at a price closer to $200 million.
10 Apr 2018
EducationReliance family office may acquire online education portal Embibe.com
Mukesh Ambani-owned Reliance family office may reportedly acquire a majority stake in online education portal Embibe.com, for nearly Rs. 100 crore.
09 Apr 2018
AmazonAirtel launches first broadband plan with 300Mbps speed
Airtel has launched its first ever home broadband plan with a data speed of 300Mbps.
09 Apr 2018
FacebookUS lawmakers to probe Zuckerberg over Facebook data-privacy controversy
Mark Zuckerberg will be grilled by a US senate panel on Tuesday and the House of Representatives lawmakers on Wednesday over the data-breach scandal as pressure mounts for stricter regulations for social media platforms.
09 Apr 2018
IndiaMake in India: Xiaomi opens new smartphone plants in India
Furthering its commitment to 'Make in India' initiative, Xiaomi has announced the opening of three new smartphone factories in India.
09 Apr 2018
FlipkartFlipkart opens new consolidated office space in Bengaluru
Flipkart has opened a new office space in Embassy Tech Village, Bengaluru, which is a consolidation of all of its previous 11 campuses in the city.
09 Apr 2018
MumbaiMumbai: BSE gains over 100 points, Nifty above 10,350
The benchmark BSE Sensex advanced over 100 points in early trade today on sustained buying by domestic institutional investors amid firm Asian cues.
09 Apr 2018
IndiaSoon, you can buy mutual funds from Paytm
Paytm will reportedly launch a mutual fund distribution app called Paytm Money by end of April.
09 Apr 2018
IndiaRichest 1% will own 64% of world's wealth by 2030
According to a report by the House of Commons library, the richest 1% of the world will own 64% of the world's total wealth by 2030.
09 Apr 2018
Central Bureau Of Investigation (CBI)CBI probing firms owned by ICICI-Bank CEO Chanda Kochhar's family
Investigators probing the alleged scam involving Deepak Kochhar, husband of ICICI Bank CEO Chanda Kochhar, are examining if he or brother Rajiv set up any shell companies to launder money.
07 Apr 2018
IndiaCBI bans overseas travel for Deepak Kochhar, Venugopal Dhoot
Videocon CEO Venugopal Dhoot and ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar have been barred from traveling outside India, courtesy Central Bureau of Investigation's ongoing preliminary inquiry on them.
07 Apr 2018
XiaomiRedmi 5 goes on permanent open sale on Amazon, Mi.com
The recently launched Xiaomi Redmi 5 has gone on a permanent open sale on both Amazon.in and Mi.com.
07 Apr 2018
Indian Premier League (IPL)BSNL launches IPL prepaid pack for Rs. 248
BSNL has launched an IPL special recharge prepaid pack for Rs. 248.
07 Apr 2018
FacebookIt's time you stop trusting Mark Zuckerberg with your information
Mark Zuckerberg is a deeply ambitious man with a penchant for making mistakes and negating/avoiding them for as long as he can. When he cannot, he apologizes, promises to do better and moves on to the next big mistake.
06 Apr 2018
IndiaYear-end bonuses to ICICI, Axis, HDFC bank CEOs on hold
The Reserve Bank of India (RBI) is yet to approve the year-end bonuses to the CEOs of India's top private banks as it's questioning their payout size with respect to their performance.
06 Apr 2018
Bharti AirtelAirtel appoints ex-NASA exec Santanu Bhattacharya to lead digital-innovation lab
Bharti Airtel has appointed ex-NASA executive Santanu Bhattacharya as chief data scientist. His role would encompass using data science and deep analytics to understand customer needs and develop innovative products and services for Airtel.
06 Apr 2018
Central Bureau Of Investigation (CBI)Immigration stops Chanda Kochhar's brother-in-law from leaving country
The investigation in the alleged Deepak Kochhar-Venugopal Dhoot fraud has now extended to the former's brother Rajiv Kochhar, who was stopped by Immigration at the Mumbai Airport while he was leaving India.
06 Apr 2018
IndiaIndiGo is no longer buying Air India
IndiGo, India's largest domestic air carrier, which was among the first to express interest in buying Air India after the government announced its disinvestment, has now backed out, saying it doesn't have the capability required to successfully take on the airline's operations.
05 Apr 2018
Reserve Bank Of India (RBI)RBI may soon introduce its own digital currency
The Reserve Bank of India announced on Thursday that it might introduce a central bank digital currency.
05 Apr 2018
Indian Premier League (IPL)Jio's Rs. 251 IPL pack has contests, comedy-shows and more!
Reliance Jio has rolled out several new offers for its subscribers ahead of the 2018 IPL season, including a chance to win prizes worth crores on the new 'Jio Cricket Play Along' mobile game.
05 Apr 2018
Bharti AirtelJio Payments Bank launched: Here's everything you should know
Jio Payments Bank, a 70:30 joint venture between Mukesh Ambani-led Reliance Industries Ltd. and State Bank of India, started its operations on Tuesday.
05 Apr 2018
FacebookAfter Facebook, BlackBerry sues Snapchat's parent company for patent infringement
A month after suing Facebook for patent infringement, BlackBerry has now accused Snap Inc. of using its patented technology in the Snapchat app.
04 Apr 2018
IndiaRivalling Jio and Nokia, Jolla to enter India's feature-phone market
Finland-based smartphone vendor Jolla is all set to announce its second phone in the Indian market.
04 Apr 2018
Central Bureau Of Investigation (CBI)Deepak Kochhar's 'funds from Mauritius' under income tax department's scrutiny
Deepak Kochhar, the founding director of NuPower Renewables, was served a notice by the Income Tax department, asking him to furnish all the details of the hundreds of crores worth of investments that he allegedly received from two Mauritius companies.
04 Apr 2018
CognizantHC partially unfreezes Cognizant's bank-accounts, orders payment of Rs. 420cr
A week after freezing bank accounts of Cognizant Technology Solutions in a Rs. 2,500cr tax-evasion case, the Madras HC has asked it to pay 15% (Rs. 420cr) to I-T in two days.
04 Apr 2018
IndiaJeep announces special offer on its Compass 4X4 SUV
Fiat Chrysler Automobiles has announced 'Jeep 4x4 Month' for its Jeep brand in India to mark the celebration of its International Jeep 4x4 day (April 4).
04 Apr 2018
AmazonApple poaches Google's AI chief John Giannandrea
In a major executive reshuffle, Apple has hired Google's Head of Search and Artificial Intelligence (AI) John Giannandrea to lead its Machine Learning (ML) and AI strategy.
04 Apr 2018
IndiaAmazon planning to buy Flipkart to prevent rival Walmart bid
According to reports, Amazon might make an offer to buy India's largest e-commerce platform Flipkart.
04 Apr 2018
Reserve Bank Of India (RBI)Ahead of RBI policy meet, Sensex rises nearly 100 points
The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.
04 Apr 2018
SpotifySpotify goes public, valued at $26.6 billion
In a unique IPO approach, Spotify is going the direct listing route instead of traditionally selling its shares on the stock market.
04 Apr 2018
IndiaIndia becomes world's second largest mobile phone manufacturer: ICA
Only behind China, India has replaced Vietnam to become the second largest mobile phone manufacturer in 2017, Indian Cellular Association President Pankaj Mohindroo informed Union ministers Manoj Sinha and Ravi Shankar Prasad.
03 Apr 2018
ICICI BankIndian banks reported one fraud every hour in FY17: Report
According to a report by proxy advisory firm Institutional Investor Advisory Services (IiAS), there was at least one case of fraud committed every hour on an average in Indian banks during the financial year 2017.
03 Apr 2018
IndiaGoogle to launch mid-range Pixel smartphone, Pixelbook laptop in India
Google is planning to roll out several of its consumer products in India including a mid-range Pixel smartphone, Google Home smart speakers, its premium laptop Pixelbook, the Google Wi-Fi system, and intelligent home automation products such as doorbell, camera, alarm system, and smoke detector, which are all sold under its Nest brand.
03 Apr 2018
IndiaPaytm Mall raises Rs. 3,000 crore from SoftBank, Alibaba
According to documents filed with the Ministry of Corporate Affairs, online retail firm Paytm Mall has raised nearly Rs 3,000 crore from Japan's SoftBank and its existing investor Alibaba in new round of funding.
03 Apr 2018
IndiaMcDonald's launches new "healthier" menu for India
Obesity has increased alarmingly around the world: in 1975, there were 105mn obese people; in 2016, there were 641mn.
03 Apr 2018
Delhi Metro Rail CorporationOla acquires Ridlr to digitize public transportation
Indian cab-hailing company Ola has acquired Mumbai-based end-to-end public transport ticketing and commuting start-up Ridlr for enabling digitization of public transport and mass transit integration.
03 Apr 2018
MumbaiAirtel extends 1,000GB bonus data offer until October 31
Airtel's Big Byte offer, under which broadband subscribers can avail 1,000GB of bonus data, has been extended until October 31, 2018.
03 Apr 2018
South KoreaStart-up developing hangover cures raises $8 million
82Labs, a US-based start-up that manufactures drinks to reduce morning-after hangovers, has raised $8 million in fresh funding from investors like Altos Ventures, Slow Ventures, Strong Ventures, and Thunder Road Capital.
03 Apr 2018
XiaomiGet ready: Xiaomi's Mi Fan Festival 2018 on April 5-6
Xiaomi India's 2018 edition of the Mi Fan Festival will be held on April 5-6.
02 Apr 2018
IndiaOPPO F7's first flash sale on Flipkart and OPPO stores
In its first flash sale, the recently launched OPPO F7 will be available on Flipkart and also across all 777 OPPO stores in India.
