Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
13 Sep 2016
IndiaLinkedIn eyes India expansion, introduces three new products
The social networking site LinkedIn announced that it would be launching three new services in India to help expand its access to the market.
12 Sep 2016
StarbucksStarbucks working to overcome the 'basic' image
Starbucks has been working on fixing the brand's 'basic' image by spending huge money on innovation.
12 Sep 2016
IndiaNandan Nilekani's impetus to a dozen startups
Nandan Nilekani, co-founder of Infosys, has invested $50 million in 11 start-ups in a little more than a year and has committed to investing $25 million more.
12 Sep 2016
IndiaThree IPOs to hit Indian markets in September
Three Indian firms are set to be listed this month, helping raise a whopping Rs.7,000 crore during their initial public offering (IPO).
10 Sep 2016
IndiaSEBI issues circular against crowdfunding platforms
SEBI has reportedly issued an investor-warning circular to equity crowdfunding platforms that help start-ups, questioning their legality.
10 Sep 2016
AirbnbAirbnb goes the extra mile to tamp down on racism
Airbnb recently released a report to demonstrate stringent measures which would be implemented to stamp-out discrimination inflicted on users of the platform.
09 Sep 2016
IndiaICICI Bank deploys 200 robots for internal jobs
ICICI Bank announced the launch of robotics within the bank's services, to support and process transactions for the bank.
09 Sep 2016
IndiaOla strikes Rs.2,600 crore deal with Mahindra
Online cab aggregator, Ola Cabs, announced a partnership with Indian automaker Mahindra and Mahindra on Thursday.
09 Sep 2016
NASDAQLiberty Media set to acquire Formula One for $8 billion
NASDAQ-listed mass media giant Liberty Media Corporation is set to buy auto racing group Formula One for an enterprise value of $8 billion.
09 Sep 2016
IndiaTop IT firms lose Rs.47,000 crore in market capital
India's top five IT firms saw a whopping Rs.40,000 crore loss in their market value during 8th Sep's trade.
08 Sep 2016
IndiaAshok Leyland exits partnership with Nissan Motors
After a marriage of nearly nine years, Japanese automotive giant Nissan and Hinduja-led Ashok Leyland decided to exit the partnership that was formed in early 2008.
08 Sep 2016
MumbaiTata Motors bags Rs.900 crore bus deal
Indian automaker Tata Motors said it has bagged a deal for over 5,000 buses from nearly 25 state transport undertakings.
07 Sep 2016
IndiaDelhi HC orders Britannia to pack up digestive biscuits
The Delhi High Court ordered Britannia Industries to withdraw from the market its range of NutriChoice Digestive Zero biscuits.
07 Sep 2016
IndiaVedanta Group set to invest Rs.3,000 crore in Tuticorin unit
Indian metals and mining behemoth, Vedanta Group, is set to invest a massive Rs.3,000 crore at its Tuticorin unit.
07 Sep 2016
West BengalMaruti's ventures into the LCV segment
Automobile manufacturer Maruti Suzuki has forayed into the light commercial vehicle (LCV) segment.
05 Sep 2016
BusinessService sector growth at three and a half year high
There has been an impressive rebound in expansion of the Indian services sector in August 2016.
04 Sep 2016
IndiaReport predicts boom in Indian music industry
Consultancy firm KPMG and the Federation of Indian Chambers of Commerce and Industry (FICCI) released a report based on information provided by the Indian music business sources predicting a boom in the industry.
04 Sep 2016
IndiaDLF exits the cinema business
India's largest real estate firm, DLF has been offloading its cinema business in tranches.
03 Sep 2016
Nirmala Sitharaman200 e-commerce companies suspected fake, under DIPP scanner
Around 200 e-commerce companies have come under the scanner of the Department of Industrial Policy and Promotion (DIPP), many of whom are suspected to be fake.
02 Sep 2016
Sachin TendulkarSachin Tendulkar launches his own sports management company
Master Blaster Sachin Tendulkar has launched his own sports management company "SRT Sports" to manage his post-retirement business.
01 Sep 2016
San FranciscoGoogle forays into the ride-sharing turf of Uber
Google is planning to expand its ride-sharing service in San Francisco.
31 Aug 2016
iOSY Combinator: The world's most prestigious start-up school
Y Combinator, based in California is a start-up accelerator.
31 Aug 2016
IndiaIndia's largest spectrum auction slated for 1 October
India's largest telecom spectrum auction by far is slated for 1 October, postponed from the previous date of 29 September.
31 Aug 2016
DiwaliGovernment blinks; hikes minimum wages
A massive hike in minimum wages was announced by the Central Government for unskilled non-agricultural workers.
31 Aug 2016
Central GovernmentCelebs could end up in jail for misleading advertisements
Under the draft Consumer Protection Bill, 2015, provisions penalizing celebrities for endorsing products with misleading claims are likely to be introduced.
27 Aug 2016
IndiaDisney Motion Pictures to pull plug on its Bollywood ambitions
Disney Motion Pictures is expected to shut down its Indian wing, Disney India that currently owns UTV.
27 Aug 2016
United States of AmericaSuccumbing to cloud rivals, Rackspace goes private in an acquisition
Cloud computing company Rackspace has announced that it has entered into a $4.3 billion cash deal with Apollo Global Management to become a private company.
27 Aug 2016
JapanJapan's GPIF suffers massive quarterly loss
Japan's Government Pension Investment Fund (GPIF) - the world's biggest pension fund - posted a quarterly loss of $52 billion.
27 Aug 2016
OLXIndian start-up GoZoomo decides to shut shop, returns investors' money
GoZoomo, founded in 2014, set-out to tackle the issue of mistrust in used-car maketplace space.
26 Aug 2016
MichiganWarren Buffett's Dow investment could face losing $8/second bonus streak
In 2009, Buffett's Berkshire Hathaway had lent Dow Chemical $3 billion as loan to aid their purchase of Rohm and Haas, a chemical manufacturer.
26 Aug 2016
JapanJapan Trustee Services Bank sues Toshiba for $120 million
One of Japan's top securities processing bank, with assets upwards of 200 trillion yen, filed a suit against Toshiba against the losses it suffered from Toshiba's accounting scandal.
23 Aug 2016
BusinessMedia.net acquired for $900 million by Chinese consortium
Divyank Turakhia's Starbuster TMT Investments' owned Media.net was acquired by a Chinese consortium in an all-cash transaction of $900 million.
22 Aug 2016
IndiaFlipkart co-founder Sachin Bansal admits to company not meeting targets
Sachin Bansal, who earlier this year stepped down as CEO of Flipkart, admitted that the e-commerce portal had not been meeting its targets.
22 Aug 2016
IndiaArmy canteens are the most profitable retail chains in India
According to a report published in the Economic Times, India's most profitable retail chain is run by the Indian defence services.
21 Aug 2016
Mahindra & MahindraMahindra & Mahindra to make an affordable electric SUV
Mahindra & Mahindra (M&M) has started working on what is being reported as the world's "most affordable electric SUV" through the Mahindra Electric unit, which was known earlier as Mahindra Reva.
20 Aug 2016
IndiaOla to shut down TaxiForSure; lays off several employees
ANI Technologies that runs app-based cab service provider Ola has announced that it would close TaxiForSure (TFS), which it had acquired in Mar'15.
19 Aug 2016
NigeriaNigeria: A major hub for African e-commerce start ups
Even 3 years ago, online payment systems in Nigeria were inefficient and often led to failure of payments.
19 Aug 2016
LondonNorway's sovereign wealth fund uncertain about UK property prices
Norway's sovereign wealth fund (SWF), one of the Britain's biggest foreign investors, said that it was uncertain about the value of its property investments in the UK.
19 Aug 2016
SnapdealMerging talks explored by Snapdeal, Flipkart, Amazon
According to sources aware of the development, Snapdeal has initiated preliminary talks with rivals Flipkart and Amazon with regards to probing a potential merger.
18 Aug 2016
IndiaCisco to cut 7% global workforce in fiscal year 2017
On Wednesday, Cisco announced that it will cut 5,500 jobs by the end of October which will affect about 7% of its global workforce.
