Business News
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20 Jul 2016
BusinessUnilever acquires Dollar Shave Club for $1 billion
Men's grooming start-up Dollar Shave Club (DSC) has been bought by Unilever for a whopping $1 billion, in an all-cash deal.
20 Jul 2016
BusinessJaitley says over Rs.76,685 crore remain as defaults to banks
At a Parliamentary session on Tuesday, India's Finance Minister Arun Jaitley, told the Rajya Sabha that over Rs.76,685 crore was projected as defaults owed to banks.
20 Jul 2016
BusinessM&A, PE values rise in the first half of 2016
In 2016's H1, Merger & Acquisition and Private Equity transactions' combined deal value increased from $21.1 billion to $21.8 billion compared to 2015's H1.
19 Jul 2016
BusinessOnline jeweller Bluestone raises Rs.200 crore in Series-D funding
Online jewellery startup Bluestone received Rs.200 crore from India Infoline (IIFL) and Accel Partners in Series-D funding.
18 Jul 2016
BusinessTelecom companies scramble for users ahead of Reliance Jio4G launch
Last week, Idea Cellular reduced data prices by offering its prepaid users up to 45% more benefits in case they use under 1GB data, in an effort to attract new users and retain existing customers.
18 Jul 2016
BusinessJapan's SoftBank acquires ARM Holdings for $32 billion
Japan's SoftBank Group announced its acquisition of U.K. based ARM Holdings for $32 billion.
18 Jul 2016
BusinessICICI Prudential Life Insurance all set for IPO
One of India's largest insurance companies, ICICI Prudential Life Insurance filed for an IPO today, making it the first insurance company in India to be publicly listed.
17 Jul 2016
BusinessOxbotica develops autonomous car software
Oxbotica, a start-up company from the University of Oxford, developed a new software that will enable regular cars to go driverless.
17 Jul 2016
BusinessWhat made the news in the business world?
It has been a busy week in the business beat.
16 Jul 2016
BusinessSubbarao unveils memoirs: Who moved my interest rate?
Dr. Subbarao, former RBI Governor, served at the helm of RBI from 2008 - 2013; his candid memoirs released today shed light on his choppy relationship with the UPA Govt. during his 5 year tenure.
15 Jul 2016
BusinessShopClues acquires mobile payments company Momoe
ShopClues, an online marketplace, acquired Bengaluru-based startup Momoe in an attempt to build a payments business.
15 Jul 2016
BusinessAirtel spying on internet traffic
A report published on Medium said that Airtel was monitoring internet traffic of millions of web users from India.
14 Jul 2016
BusinessIndia's Yatra valued at $218 million in reverse-merger with Terrapin
India-based Yatra said it signed a reverse-merger deal with NASDAQ-listed Terrapin 3 Acquisition Corporation, enabling the travel service provider to be valued at $218 million.
14 Jul 2016
BusinessStartup Village's digital student incubator unveiled in Kerala
Kerala CM Pinarayi Vijayan has launched the world's first digital student incubator, SV.CO, Kochi Startup Village's digital makeover designed to support thousands of students to take the first step in entrepreneurship.
13 Jul 2016
BusinessCairn Energy seeks $5.6 billion compensation from Indian government
UK-based oil and gas company Cairn Energy sought $5.6 billion from the Government of India in compensation for issuing a tax demand of Rs.29,000 crore pertaining to its 10-year-old internal reorganization.
12 Jul 2016
BusinessGoogle CEO Sundar Pichai turns 44
Sundar Pichai, the Indian-born CEO of Google, turned 44 today.
12 Jul 2016
BusinessCoal India to buy back its shares
Coal India has decided to buy back it shares of over Rs.10 crores.
12 Jul 2016
BusinessIndia's HDFC set to raise Rs.3,000 crore through masala bonds
India's biggest private-sector bank, Housing Development and Finance Corporation (HDFC) is looking to raise up to Rs.3,000 crores by means of issuing synthetic bonds.
11 Jul 2016
BusinessNirma bags LafargeHolcim cement assets for $1.4 billion
Ahmedabad's detergent maker Nirma Limited has agreed to buy Lafarge India's 11 million tonnes per annum (mtpa) cement assets for Rs 9,300 crore ($1.4 billion).
11 Jul 2016
BusinessWhatsApp co-founder invests in 'Trak N Tell'
Car tracking solutions startup Trak N Tell, has raised funding from a group of investors, led by WhatsApp co-founder Brian Acton.
11 Jul 2016
BusinessLamborghini eyes new customers in India
Lamborghini is expecting to grow its business in Indian markets with new emerging customers like first generation entrepreneurs and demands coming in from smaller cities.
10 Jul 2016
BusinessFacebook Messenger will now offer end-to-end encryption
A limited test group of users will get the opportunity to try out Facebook Messenger's end-to-end encryption feature.
10 Jul 2016
BusinessVedanta announces business expansion in Africa
The Anil Agarwal-led Vedanta group is set to strengthen ties in Africa.
09 Jul 2016
BusinessUS looks at bill to prevent Indian companies hiring H1B
US lawmakers introduced a legislation in the House of Representatives targeting Indian companies hiring employees on H-1B and L-1 visas.
09 Jul 2016
BusinessDoJ approaches court for Facebook's global assets transfer details
The US Department of Justice sought a court order to force Facebook to provide Internal Revenue Service with more details about the global assets transfer to its Irish subsidiary.
08 Jul 2016
BusinessSwamy has an unlikely ally in Joseph Stiglitz
Taking India's GDP into consideration American economist and Nobel laureate, Joseph Stiglitz said that, ''India should focus on "rapid rate economic growth" and not get "overly obsessed with inflation," which can then turn into greater problems like joblessness.
07 Jul 2016
BusinessIMD records 1% increase in rainfall so far
Between June 1 and July 6, several parts of the country witnessed good rainfall from Southwest monsoons showing a marginal rise of 1%.
07 Jul 2016
BusinessBoston's HourlyNerd gets added for another funding round
Boston-based start up HourlyNerd wants to be more than a online freelancer marketplace by providing a full-service platform for bigger companies.
07 Jul 2016
BusinessICDS implementation postponed by Income Tax Department
The implementation of the Income Computation and Disclosure Standards (ICDS) was put off for a year by the Finance Ministry.
07 Jul 2016
BusinessBSNL operating profit to be over 2,000 crore in 2016
Just before Cabinet reshuffle, telecom minister Ravi Shankar Prasad stated a threefold jump in BSNL's operating profit at Rs.2,000 crore.
06 Jul 2016
BusinessIndia-Hungary trade relations improve in the wake of Brexit
Hungary's Minister of Foreign Affairs, Peter Szijjarto, is on a three-day visit to India and met with the External Affairs Minister, Sushma Swaraj.
06 Jul 2016
BusinessFormer Facebook CTO Bret Taylor joins Twitter board
Social networking platform Twitter has roped in Facebook's former Chief Technology Officer, Bret Taylor, to its board.
05 Jul 2016
BusinessJaypee group shares go up 38%
Jaypee group shares increased up to to 34% after the approval by Jaiprakash Associates for the sale of its cement business to UltraTech Cement.
05 Jul 2016
BusinessIndian service sector records second slowest growth rate in June
The Nikkei India Composite PMI Output Index, which maps both service and manufacturing sectors, dropped from 51.1 in May from 50.9 in June.
02 Jul 2016
BusinessOracle to pay $3 billion to HP
The court has ordered Oracle Corp. to pay $3 billion, after Oracle was found guilty of violating a contract to support software for Hewlett-Packard Co.'s once promising Itanium chip.
02 Jul 2016
BusinessUber and Ola duel over nationalist views
Ride hailing start-ups Uber and Ola saw their involvement in fierce rivalry take on nationalist undertones, with both filing affidavits with the Karnataka High Court over who is more involved in nation building.
01 Jul 2016
BusinessCutting down the race to be the next RBI Governor
Out of the four shortlisted names for the post of RBI Governor, former deputy governors Subir Gokarn and Rakesh Mohan seem to be the most-likely successors.
01 Jul 2016
BusinessDeustche Bank poses serious risk to financial stability: IMF
Deutsche Bank Aktiengesellschaft shares hit a 30-year low after the International Monetary Fund, and Federal Reserve said that the bank posed a serious risk to financial stability.
30 Jun 2016
BusinessVirat Kohli launches his fitness venture- 'Stepathlon Kids'
In an attempt to increase awareness on health issues, Virat Kohli has launched his own fitness venture, Stepathlon Kids, in collaboration with a global wellness company Stepathlon Lifestyle.
30 Jun 2016
BusinessCentre clears Model Shops and Establishment Bill
The Centre cleared the Model Shops and Establishment bill proposing that shops, banks, malls, cinema houses, restaurants, banks or any such workplaces be run round-the-clock.
