Business News | Page 177
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05 Jul 2016
BusinessED summons sent to PC's son
The Enforcement Directorate has sent summons to Karti Chidambaram, son of P Chidambaram and has called him for questioning over irregularities in investments to firms owned by his friends
05 Jul 2016
BusinessMukesh Bansal, Ankit Nagori raise $15 million for startup
Accel Partners, IDG Ventures and Kalaari Capital altogether invested $15 million in a start-up founded by Mukesh Bansal and Ankit Nagori.
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
BusinessFatal Tesla crash invites US investigation
Tesla's Autopilot feature, which automatically changes lanes and reacts to traffic, is now under inspection.
01 Jul 2016
BusinessMeru raises $25million from Bennett-Coleman
Meru cabs has raised $25 million from Brand Capital, the investment arm of Bennet, Coleman and Co. Ltd.
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.
29 Jun 2016
BusinessDLF's KP Singh to infuse $1.5 billion into company
Billionaire KP Singh and his family plan to pump in about $1.5 billion into the company to help rid itself of all debt.
28 Jun 2016
BusinessElon Musk celebrates his 45th birthday
Billionaire Elon Musk, celebrated his 45th birthday today.
27 Jun 2016
BusinessModi lashes at Swamy for inappropriate remarks
Modi reprimanded BJP MP Subramanian Swamy for his attacks on RBI governor Raghuram Rajan and other important finance ministry aides.
26 Jun 2016
BusinessTata sons to pay $1.17 billion for breaching agreement
The London Court of Arbitration has asked Tata Sons to pay $1.17 bn to NTT DOCOMO for breaching of an agreement.
24 Jun 2016
BusinessSwamy back to demanding CEA
Within 24 hours of announcing that he was suspending his call for chief economic advisor (CEA) Arvind Subramanian's sacking MP Subranian Swamy was back to square one.
23 Jun 2016
BusinessFTC sues InMobi for violating users' privacy
The US Federal Trade Commission, filed a complaint against InMobi for obtaining location data from cellphone users' without their consent.
23 Jun 2016
BusinessSubramanian's tweet on suspension
BJP parliamentarian Subramanian Swamy tweeted about ''suspending'' his demand for dismissing CEA Arvind Subramanian.
23 Jun 2016
BusinessRajan says "I'll still be around"; Jaitley snubs Swamy
Taking a jibe at those writing his "obituaries", Raghuram Rajan- the Reserve Bank of India governor said that he will be around "a lot in India" even after leaves the Central bank.
22 Jun 2016
BusinessMitsubishi expects net loss post mileage cheating scandal
Following the mileage cheating scandal, Mitsubishi expects to suffer annual loss this financial year.
21 Jun 2016
BusinessNikesh Arora steps down as SoftBank CEO
Amidst a row with investors, the hand picked successor of Masayoshi Son, Nikesh Arora has decided to step down as the Chief Executive of SoftBank.
21 Jun 2016
BusinessIndia changes FDI rules, Apple stores soon
In a huge relief for Apple Inc., India has relaxed its FDI norms, which may enable the tech giant to set up retail stores in the country.
20 Jun 2016
Business100% FDI in most sectors; way cleared for Apple stores
After e-commerce, the NDA government eased the norms for a number of important sectors including civil aviation, defense and pharmaceuticals.
20 Jun 2016
BusinessRexit threatens banks and markets
Raghuram Rajan's decision to step down without a second term as the RBI governor has led to markets and banks bracing themselves for any financial shock they may encounter.
19 Jun 2016
BusinessRaghuram Rajan won't play second innings as RBI Governor
RBI Governor- Raghuram Rajan announced that he won't be seeking a second term as the Reserve Bank boss.
19 Jun 2016
BusinessZocalo launches CoHo dorms for DU students
Leaning into the demands of DU students to find good accommodations, CoHo.in has launched its CoHo dorms to span the gap of demand-supply for students.
19 Jun 2016
BusinessWinsome Group's claims false, says Diamond Intelligence magazine
Fresh reports confirmed the suspicions about a criminal conspiracy to take money out of India by Winsome Group leading to a Rs.7,000-crore debt.
17 Jun 2016
BusinessMicrosoft teams-up with KIND to track marijuana sales
Technology giant Microsoft has joined hands with KIND Financial, a California-based tech startup that helps government and other agencies to track the sales of legalized marijuana "from seed to sale".
16 Jun 2016
IndiaCentre approves SBI's proposal for merging 5 associates
The Union Cabinet has given its approval for the proposed State Bank of India's merger to bring five of its associates into its fold.
15 Jun 2016
BusinessSoundCloud receives $70 million in investments from Twitter
According to technology website Re/code, Twitter Inc invested $70 million in the audio streaming company SoundCloud.
14 Jun 2016
BusinessSiri to become smarter-opens up to third-party apps
Apple announced that it was opening Siri-Apple's digital assistant to third-party applications and even advance its Artificial Intelligence to compete against its rivals like Google, Microsoft, and Amazon.
13 Jun 2016
BusinessMicrosoft acquires LinkedIn for a whopping $26.2 billion
In its biggest ever deal, LinkedIn was acquired by Microsoft for $196 per share.
13 Jun 2016
BusinessInfosys hires top Silicon Valley talent for Mana
Software exporter Infosys is betting heavily on its new artificial intelligence (AI) platform Mana, expecting the computing system to garner billions of dollars in revenue.
9 Jun 2016
BusinessMoS Finance Sinha: Will make Mallya 'face justice'
Minister of State for Finance Jayant Sinha stated that the government was working on extraditing liquor baron Vijay Mallya from Britain.
8 Jun 2016
BusinessDaewoo Shipbuilding's offices raided in South Korea
South Korean authorities reportedly raided offices of the world's second largest shipbuilder–Daewoo Shipbuilding and Marine Engineering; it is a part of officials' investigation into the company's alleged accounting irregularities.
8 Jun 2016
BusinessAmazon to increase Indian investment to $5 billion
Amazon's founder and CEO Jeff Bezos said that Amazon will invest an additional $3 billion in its India operations to take its total investment to over $5 billion.
8 Jun 2016
BusinessShell's mid-term strategy, more jobs to be cut
Royal Dutch Shell has stated its plans to sell more assets and cost-cutting for the next few years so the oil-and-gas major could cope with the continued low oil and gas prices.
5 Jun 2016
BusinessInterpol: Cant issue red corner notice against Mallya
Sources stated that Interpol has sent back India's request to issue a red corner notice against liquor baron Vijay Mallya.
4 Jun 2016
BusinessAdani may withdraw from Aus coal mine project
Citing long delays caused by legal challenges to the project by environmental activists, the Adani Group may abandon the Carmichael coal mine project in Australia.
4 Jun 2016
BusinessGovt stalls Apple's bid for conditions waiver
The government has taken a hard stance against Apple's request for a waiver on certain conditions for setting up retail stores in India.
3 Jun 2016
BusinessJapanese authorities conduct raids on Suzuki HQ
Authorities in Japan have reportedly raided Suzuki Motors' headquarters as a part of their ongoing investigation into the company's use of improper fuel economy tests.