Business News
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10 Jan 2017
IndiaBSE's international exchange launched by PM Modi
'India International Exchange' or 'India INX', a wholly-owned subsidiary of BSE, was inaugurated by PM Modi yesterday.
07 Jan 2017
Donald TrumpHow robots threaten Trump's Ford plant victory
Ford's $700 million investment in its Michigan factory will help create 700 jobs.
31 Dec 2016
Ratan TataThe Top 10 business scandals of 2016
Businesses across the world have faced their share of scandals this year, ranging from sexual harassment, to fraud, to providing politically biased news.
31 Dec 2016
Flipkart2016 Year in Review for Indian unicorns
The term "unicorn" was promoted by venture capitalist Aileen Lee to describe start-ups which were valued at over $1 billion.
31 Dec 2016
Donald TrumpAsian stocks and dollar script upbeat days, Euro surges
With 2016 coming to an end, Asian stocks and the dollar showed upbeat data, while experts estimate that oil is set to see its biggest gain after seven years.
30 Dec 2016
SingaporeSingapore's central bank dabbles with digital currency
Singapore's central bank, the Monetary Authority of Singapore, is venturing into the fintech world by testing digital currency for its operations.
29 Dec 2016
IndiaDemonetization sees banks enter the corruption spotlight
Amidst rising bad loans, the country's banks are battling corruption scandals of money laundering with the demonetization move.
28 Dec 2016
South KoreaQualcomm fined $854 million on charges of anti-trust violations
American chip manufacturer Qualcomm was fined a record $854 million (1.03 trillion South Korean Won) by South Korean economic regulator, Korea Fair Trade Commission (KFTC).
27 Dec 2016
IndiaKolkata bazaars: Vendors buying demonetized notes at a premium
With the demonetization effect sinking into the economy, many vendors across Kolkata's Burrabazar trading bazaar are accepting the invalid notes.
26 Dec 2016
HollywoodGlu Mobile acquires QuizUp
Glu Mobile, the developers of celebrity-themed games like Kim Kardashian: Hollywood and Nicki Minaj: The Empire, acquired Plain Vanilla Corp., the creators of the extremely popular quiz app QuizUp, for $7.5 million.
24 Dec 2016
IndiaRCom-Brookfield deal: Investors see no upside
Reliance Communication's deal with asset management group Brookfield Infrastructure to sell its tower business hardly excited any investors.
23 Dec 2016
United States of AmericaDeutsche Bank reaches $7.2 billion settlement with US regulators
Deutsche Bank has reached a settlement of $7.2 billion with the Department of Justice in the US (DoJ) over an investigation into the mortgage-backed securities.
23 Dec 2016
BigBasketBigBasket looks to expand products and private labels next year
Online grocery platform BigBasket is eyeing further expansion into private labels and introducing a new range of products across its portal.
23 Dec 2016
IndiaRBI rate cut in February unlikely?
Amidst rising expectations of a rate cut in February, the minutes of the monetary policy committee meeting shows otherwise.
22 Dec 2016
IndiaAmazon: Not rattled by Flipkart, Ola protectionist call
A fortnight after Indian start-ups Ola and Flipkart sought government help in battling foreign rivals, Amazon's India chief stated that they were not hindered by the talks.
22 Dec 2016
WhatsAppTop venture capital firms and their successful strategies
With the end of the year nearing, the top three biggest venture capital funds in India have scripted big numbers this year, reports find.
22 Dec 2016
NetflixVideo-on-demand platforms to take a toll on YouTube
The aggressive competition between video-on-demand (VoD) platforms like Netflix, and the newly launched Amazon Prime Video, is set to take a toll on YouTube.
22 Dec 2016
IndiaStaff hiring surges in 2016 with 1,08,000 jobs created
Reports revealed that the year 2015-16 saw a positive note in terms of staff hiring, with nearly 1,08,000 jobs being created during the period.
21 Dec 2016
IndiaDemonetization impacts India's unorganized retail sector
With the onset of demonetization and the popular Goods and Service Tax (GST), the country's unorganized retail sector is being hampered, reports revealed.
20 Dec 2016
IndiaMaking India business-friendly
The government is keen to ensure that India soon ranks among the top 50 countries with respect to doing business.
20 Dec 2016
United States of AmericaSoftBank chief pumps $1 billion into space start-up
SoftBank's chief executive Masayoshi Son has invested $1.2 billion into the satellite broadband start-up OneWeb, according to reports.
20 Dec 2016
IndiaIndia's export outlook projects better days ahead
Despite the gloomy numbers that India's export numbers showed over the last two years, the government sees no hindrance for its growth.
17 Dec 2016
BusinessCyprus removed from India's tax haven blacklist
The Indian government has taken off Cyprus from its list of tax havens, providing relief to investors who faced the brunt end of austere tax measures in Cyprus.
15 Dec 2016
IndiaDemonetization woes hit India's knitwear centre
With the onset of demonetization, India's knitwear hub, Tirupur, was hit drastically by the liquidity crunch, according to reports.
14 Dec 2016
IndiaVodafone launches M-Pesa PAY to help merchants
Vodafone India, in a bid to ease the burden on merchants and retailers in post-demonetization India, launched M-Pesa PAY on its already existing mobile wallet service.
13 Dec 2016
IndiaDemonetization set to ease retail inflation to below 4%
Market experts and economists are expecting the country to clock retail inflation lesser than 4% after the demonetization move impacted the availability and supply of money.
12 Dec 2016
IndiaExcise duty, service tax collections hampered by demonetization
With the demonetization effect settling into the economy, the nation's excise duty and service tax collections scripted slow growth last month, according to reports.
12 Dec 2016
IndiaIT, telecom sectors look for incentives in upcoming Budget
With the 'Make in India' initiative trickling down to companies, IT and telecom firms are on the lookout for incentives in domestic manufacturing in the upcoming Budget.
09 Dec 2016
iOSFitbit snags smartwatch company Pebble
American fitness company Fitbit has acquired smartwatch maker Pebble for less than $40 million.
07 Dec 2016
IndiaRBI maintains repo rate at 6.25%
Amidst rising expectations of a rate cut from the Reserve Bank of India, the central bank kept the repo rate unchanged at 6.25%.
07 Dec 2016
IndiaIndia's services sector sinks amidst demonetization woes
After the recession of 2008, India's services market revealed its worst production figures this month, with demonetization coming into effect.
05 Dec 2016
Narendra ModiIndia looks to bag massive deals at Petrotech meet
The Petrotech global conference commenced in New Delhi today and was inaugurated by Prime Minister Narendra Modi.
04 Dec 2016
Alibaba GroupSnapdeal denies reports of Alibaba's acquisition interest
After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.
02 Dec 2016
GurugramSolar power cost drops to new low
Solar power tariffs have been consistently dropping and have now touched a new low of Rs.3 per unit.
01 Dec 2016
Bharti AirtelBrookfield targets to obtain 51% stake in Bharti Infratel
Canada's Brookfield Asset Management Inc., submitted the highest bid to acquire 51% stake in the telecom tower service provider Bharti Infratel Ltd.
30 Nov 2016
NetflixNew tax-levy on content providers
The central government is in the process of introducing a new 'e-service tax' that will impact content providers such as Netflix, Amazon, Apple and several more.
30 Nov 2016
IndiaSEBI directs PVR Cinemas' founder to explain its profit-sharing deals
Reports stated that SEBI has directed PVR Cinemas' owner to provide explanation on the company's agreement and profit-sharing deals with its investors that had not been disclosed to its shareholders.
29 Nov 2016
AppleApple to abandon development of Wireless routers
Apple is reportedly abandoning development of its Airport line of Wi-Fi routers and Time Machine wireless backup disks.
29 Nov 2016
IndiaModi asks BJP members to submit bank details
PM Modi directed all BJP MPs and MLAs to submit details of their bank accounts so that suspicious transactions post November 8 can be tracked.
28 Nov 2016
IndiaFlipkart's internet arm sees losses double to touch Rs.2,306 crore
After scripting massive expenditures in an attempt to combat the rising rivalry from Amazon, Flipkart's internet division, Flipkart Marketplace saw its losses double to Rs.2,306 crore for the financial year that ended on 31 March, 2016.
