Business News
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22 Aug 2015
BusinessFirstCry gives out a million gift-boxes to mothers
As part of its new micro-marketing strategy, FirstCry, the online retailer of babycare products, is giving out 1 million gift boxes to new mothers.
22 Aug 2015
BusinessFemale-libido enhancer Addyi's maker sold for $1 billion
The Wall Street Journal reported that Valeant Pharmaceuticals International, Inc will buy Raleigh-based Sprout Pharmaceuticals for approximately $1 billion.
20 Aug 2015
BusinessRBI approves 11 payments banks
Reserve Bank of India gave nod to 11 entities for setting up non-lending 'payments banks'.
19 Aug 2015
BusinessAmazon to look into accusations made by NYT
Bezos said that any company where employees were not given due consideration could have become as successful as Amazon.
18 Aug 2015
BusinessRoyal Enfield institutes sales subsidiary in the U.S
The ace bike-making company, Royal Enfield has established a direct distribution subsidiary in the U.S to cater to the North-American market.
15 Aug 2015
BusinessControversy arises over Arun Sathe's appointment to SEBI
Controversy has arisen over Sathe's appointment to the SEBI board at a time when the government is being accused of political influence in key positions.
11 Aug 2015
BusinessSundar becomes CEO of Google, subsidiary of Alphabet
Google rolled out Alphabet Inc, a collection of companies as its parent company, with Larry Page as CEO and Sergey Brin as President.
6 Aug 2015
BusinessIndia defers free trade agreement talks with EU
India has decided to defer talks with the European Union on the Broadbase Investment and Trade Agreement (BITA).
5 Aug 2015
BusinessFoxconn to initially invest $2 billion in India
Foxconn, the Taiwan-based electronic maker for Apple, Amazon, Blackberry and Xiaomi announced that it would initially invest a sum of $2 billion in India, to enhance the manufacturing base.
5 Aug 2015
BusinessPrintvenue ventures to decorate homes!
Printvenue.com is expanding its horizons in India and other countries by entering into the home-decor space and has already attributed $5 million for the excursion.
30 Jul 2015
BusinessCCI imposes $65.8 million fine on Hyundai
Hyundai was fined with $65.8 million by the Competition Commission of India (CCI).
29 Jul 2015
Business$100 Mn from Goldman Sachs and others for Pepperfry
In the 4th round of funding, Pepperfry, the online furniture retailer got a $100 million (about Rs 642 crore) investment from Goldman Sachs, Zodius Technology Fund, Bertelsmann India Investments and Norwest Venture Partners.
28 Jul 2015
BusinessValcambi bought by Rajesh Exports in $400mn deal
Valcambi, the world's biggest gold refining company was bought in an all-cash deal worth $400 million by Rajesh Exports Ltd.
26 Jul 2015
BusinessDabur to launch its Hajmola Yoodley drink
Dabur, the Indian FMCG major is planning a cross-over of its popular Hajmola brand to the flavoured beverage category.
24 Jul 2015
BusinessFinancial Times gets acquired by Nikkei group
English business newspaper - The Financial Times was sold to Nikkei group, a Japanese digital media entity for £ 844 Million.
24 Jul 2015
BusinessCrash predicted in real estate prices
Experts have warned about a 50% crash in future real estate prices in India.
23 Jul 2015
BusinessGold prices plummet to a five year low
Massive selling on Shanghai Gold Exchange pushed gold prices by 4% to a five-year low. The prices dropped to $ 1,088.05 an ounce, the lowest since March 2010.
22 Jul 2015
BusinessPayPal keen to expand business in India
PayPal said it was keen to expand its business in India, having separated from e-commerce major, eBay on 18 July 2015.
22 Jul 2015
BusinessToshiba CEO, Vice-Chairman make a scandalous exit
Hisao Tanaka, Toshiba's CEO and President resigned after the company declared it had amplified its profits for the last 6 years.
21 Jul 2015
BusinessSay bye to Homejoy!
Homejoy, the home cleaning service startup, which works entirely on contractual labor, suddenly announced that it would be ceasing operations.
20 Jul 2015
BusinessTata to buy Docomo's stake in Tata Tele
The Tata Group had made a proposal to buy-out NTT Docomo's shares for Rs 23.34 per share.
20 Jul 2015
BusinessBarclays to cut more than 30,000 jobs
Barclays is planning to cut more than 30,000 jobs within two years. The radical reduction program could reduce the bank's global workforce below 1,00,000 by the end of 2017.
16 Jul 2015
BusinessHuawei gets manufacturing unit sanction from Centre
The proposal of Chinese telecom giant Huawei to set up a manufacturing unit in Tamil Nadu was cleared by the Home Ministry.
16 Jul 2015
BusinessCPI and WPI poles apart yet again
India's inflation figures indicated by CPI and WPI point towards different directions.
12 Jul 2015
BusinessIKEA ends speculation, buys land for 1st store
Swedish home furnishing retailer IKEA Group has materialised its plans to take over the Indian furniture market by buying land in Hyderabad.
10 Jul 2015
BusinessChinese stocks rebound after losing for 2 days
China's stock exchange Shanghai Composite index gained almost 6 percent after its sharp dip in the last two days.
9 Jul 2015
BusinessMicrosoft to cut jobs at Nokia
Microsoft announced that it would cut 7,800 jobs and take a loss of $7.6 bn on Nokia. Some 2,300 of these job cuts will be made in Finland, where Nokia is headquartered.
9 Jul 2015
BusinessNYSE comes back to life
The New York Stock Exchange floor restarted trading around 3:10 p.m.
25 Jun 2015
BusinessMicromax may sell one-fourth stake to Alibaba
Micromax is in talks with China's Alibaba Group to sell one-fourth of its stake for $700 million (Rs. 4,200 crore).
19 Jun 2015
BusinessMurdoch to leave the Fox Arena in July
American business magnate Rupert Murdoch will relinquish the title of CEO at Fox from 1 July 2015.
18 Jun 2015
BusinessYES bank-Kapur's heirs eligible to nominate directors
In the suit filed against YES bank by Madhu Kapur, the widow of YES bank's co-founder Ashok Kapur, the Bombay High Court passed an order saying that the bank must confer upon Ashok Kapur's heirs, the right to nominate Directors on the Board.
18 Jun 2015
BusinessIndian techie demands apology for legal notice
Thejesh GN has expressed outrage and shock over the legal notice sent to him by Flash networks.
15 Jun 2015
BusinessCairn India set to merge with Vedanta
After receiving approval from the respective directors, oil subsidiary Cairn India is set to merge with its parent company-Vedanta Ltd.
14 Jun 2015
BusinessSonakshi, Salman are Dubsmashing! Are you too?
Dubsmash that has fast gained popularity amongst Indian youth, has made its way into Bollywood's heart too.
12 Jun 2015
BusinessAfter family drama, now some I.T. drama!
Chettinad Group which was already clouded by family troubles got 30 of its offices raided by over 200 Income Tax officials.
10 Jun 2015
BusinessAngry Birds maker moves into Lego territory
Angry Birds maker Rovio has signed a deal with Lego to launch Angry Birds themed building blocks to revive its business.
8 Jun 2015
BusinessJohn Cryan takes over as Deutsche Bank’s CEO
Deutsche Bank announced that John Cryan will take over as its new CEO.
6 Jun 2015
BusinessNestle appoints US lobbyist APCO Worldwide for help
Nestle has appointed American lobbying giant APCO Worldwide to help them encounter the opposition which their noodles brand Maggi has been facing in India.
27 Apr 2015
BusinessCapgemini to buyout iGate for $4 billion
NASDAQ listed iGate would consolidate the North American presence of French IT major Capgemini.
12 Feb 2015
BusinessPhanindra Sama becomes an angel investor
redBus co-founder Phanindra Sama is nowadays playing the role of an angel investor to help many startups and entrepreneurs.
