Business News
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Mahindra looks to revive motorcycle brands BSA, Jawa
Mahindra & Mahindra is looking to revamp its two-wheeler business and shift its strategy to cater to a niche market and focus heavily on premium motorcycles.
Apple sees falling sales and thinner revenue
American multinational tech giant Apple posted declining sales and revenue for the company during its fourth quarter.
India sees bank deposit portfolio cross Rs.100 trillion
India's promising banking sector is reflecting increasing amount of deposits being made with the country's many banks and financial institutions.
Emami looks to expand cement business, unveils new brand
Consumer goods maker Emami has unveiled plans of expanding its cement business and launching the business' new brand name.
E-tailers eyeing offline stores across smaller towns
India's e-tailers are considering launching their offline stores across small cities in the country.
SEBI investigates unfair access to stock-exchange's trading-systems
The Securities and Exchange Board of India (SEBI) will initiate a fresh probe into allegations of brokers unfairly accessing algorithmic trading (AT) servers of the National Stock Exchange.
HCL banks big on acquisitions
India's IT giant HCL Technologies is reportedly eyeing massive acquisitions to drive the company's growth.
India's sixth tranche of gold bond scheme opens
Starting today, the Government of India, along with the Reserve Bank of India launched its sixth tranche of the gold scheme.
Kumar Birla appointed as IIM-A Chairman
The HRD Ministry has appointed Aditya Birla Group Chairman, Kumar Mangalam Birla, as the new Chairman of the Board of Governors of the Indian Institute of Management, Ahmedabad.
Apple products on Amazon labelled as 'genuine' actually fake
Apple has said that many of its products currently being sold on Amazon may in fact be fake.
SoftBank looking to fund tech-focused ventures
Japan's SoftBank Group, in partnership with Saudi Arabia's public investment fund, recently announced a global technology fund of $100 billion.
Flipkart looks to launch offline stores across India
Indian e-commerce platform Flipkart is eyeing further expansion by launching offline stores across the country.
Air India looks to woo travelers with Wi-Fi on board
Indian airline carrier Air India is eyeing better services on air to gain travelers, and help boost its revenues.
Facebook's Marketplace to disrupt India's classifieds market?
With Facebook recently adding a new popular feature, Marketplace, for enabling users to buy and sell items, many experts predicts that it will be a boon to India's classified market.
Saudi Arabia raises $17.5 billion through first bond issue
Saudi Arabia raised a massive $17.5 billion in one of the largest bond sales clocked for an emerging country.
SEBI to review proposed algorithmic trading regulations
The Securities and Exchange Board of India (SEBI) would reportedly begin a second consultation round with market players on algorithmic trading regulations and drop some of its previous proposals.
Furniture rental start-up Furlenco raises $30 million
Furlenco has raised fresh funds amounting to nearly $30 million, which includes both debt and equity.
RBI looks to tackle growth over inflation
In its first monetary policy meeting, the RBI said that all of the monetary policy committee's members had voted in favour of the repo rate cut that was announced earlier this month.
Meet Musical.ly, an app that is taking USA by storm
Founded in Shanghai in 2014 as a platform to create, share and discover short music videos, Musical.ly has grown in popularity, particularly in the US, and has over 100 million users today.
Future Group's Kishore Biyani to focus on private labels
India's consumer and retails giant Future Group's head, Kishore Biyani, is all set to launch newer private labels to help boost the company's revenue over the coming years.
Maharashtra's agricultural sector undergoing vast changes
Maharashtra's agricultural sector is witnessing robust changes, after the popular farmer-to-consumer markets and agricultural reforms were effected.
FirstCry acquires Mahindra's BabyOye for Rs.362.1 crore
Online baby care portal FirstCry acquired Mahindra Group's e-commerce website for kids' products, BabyOye.
SoftBank putting together a mammoth tech investment fund
Japan's SoftBank Group announced setting-up of a fund to invest as much as $100 billion in technology focused ventures, over the next five years.
Iconic toy brand, Hamleys, to expand in India
Britain based Hamleys, a toy shop retail major, will be opening six more stores in India by March 2017.
Craft beer scripting a growth story in India
Multitudes of private equity investors have taken an interest in India's increasing list of microbreweries.
Number of credit cards in India to touch 30 million
With credit-card numbers increasing every year, bankers said that this year, the number of credit cards issued is set to cross the 28 million mark it touched in March 2008.
RBI's approval to restructure food credit given to Punjab
The Reserve Bank of India (RBI) has approved the proposal to restructure food credit of Rs.30,000 crore allocated to Punjab.
Bharat Petroleum to raise $500 million through bonds
Indian oil giant Bharat Petroleum is set to raise nearly $500 million in funds through issuing bonds or via external commercial borrowing.
Tech Mahindra eyes higher revenues from digital analytics
Tech Mahindra's Chief Strategy and Marketing Officer, Jagdish Mitra, said that the company is looking to gain nearly 50% of its revenues from digital technology by 2020.
LinkedIn unveils new feature for job seekers
American business networking platform, LinkedIn, announced a new feature for job seekers who are looking for jobs without having to notify their bosses.
Indian start-up trends in 2016: Financials going strong
In 2015, India's investment market for start-ups faced much gloom, with many companies closing down.
Need to remove hurdles to achieve 8% sustainable growth
Speaking at the 32nd India Economic Summit, Commerce and Industry Minister Nirmala Sitharaman said Indian economy can achieve an 8% sustainable growth in the coming years.
India's largest spectrum auction raises $9.9 billion, misses target
India's spectrum auction ended yesterday, with the government raising $9.9 billion, out of the $84 billion-worth of spectrum put up for sale.
Piramal Enterprises fined Rs.6 lakh for insider trading
The Securities and Exchange Board of India (SEBI), which serves as the country's market regulator, slapped a fine of Rs.6 lakh on Piramal Enterprises for breaching insider trading norms.
RBI cuts repo rate to 6.25%, markets rally
The Reserve Bank of India cut its repo rate by 25 basis points to lower it to 6.25%.
Online marketplace giants look to bag $1.5 billion in sales
With India's biggest e-commerce giants launching their nationwide sales this week, Amazon announced its sale numbers at 1.5 million units.
Kotak to acquire micro finance company
Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.
Song-identifying company Shazam reaches profitability at last
Song-identifying app Shazam finally reached profitability after crossing the 1 billion download mark.
Meerkat removed from iOS App store
Ben Rubin, the CEO of Meerkat developer Life On Air Inc., announced that live-streaming app Meerkat had been removed from the iOS app store, calling it a "bittersweet" moment.
RBI directs banks to publish photos of only wilful defaulters
The Reserve Bank of India directed lenders and other financial banking institutions to not resort to publishing photographs of all defaulters indiscriminately.