Business News | Page 171

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16 Sep 2016

India

Sensex rallies, Nifty peaks to 8850

India's benchmark indices, the BSE Sensex and the NSE Nifty rose over a percent today.

16 Sep 2016

Business

Mallya can avail Emergency Certificate to return to India

Dismissing Vijay Mallya's claims that he is unable to travel back owing to passport suspension, Government on Thursday said any citizen can approach the nearest Indian Embassy and apply for an Emergency Certificate to return to the country.

16 Sep 2016

India

Patanjali moves HC against ASCI notices

Patanjali Ayurved has petitioned the High Court accusing the ASCI of defamation and seeking interim relief against the ASCI's notices.

16 Sep 2016

India

Chhattisgarh, Madhya Pradesh to revamp ration shops with Future Group

Indian FMCG giant Future Group is in talks with Chhattisgarh and Madhya Pradesh to help revive and revamp the states' fair price shops.

16 Sep 2016

Elizabeth Warren

Warren Buffet loses $1.4 billion on Wells Fargo's accounting scandal

Warren Buffet's Berkshire Hathaway scripted massive losses of $1.4 billion over Wells Fargo's accounting scandal in just one day.

Welspun to face class-action lawsuits in US

Welspun India is set to face class-action lawsuits for consumer fraud in the United States.

15 Sep 2016

Fiat

Electric bicycle created by Ferrari designers

Pininfarina, the company which designs Ferrari sports cars, has created an electric bicycle.

15 Sep 2016

Business

SC asks Parsvnath to refund home buyers

The Supreme Court asked Parsvnath Developers to deposit Rs.12 crore with the court in four weeks, refusing to stay the NCDRC's order to refund money to the home buyers.

15 Sep 2016

Walt Disney

Disney slashes 250 jobs in consumer products unit

The Walt Disney Company slashed nearly 5 percent of its consumer products staff on Wednesday.

Billionaire Acharya Balkrishna's credentials under the scanner

Acharya Balkrishna, 43 year old billionaire has been listed under the 'Hurun India Rich List' for 2016.

15 Sep 2016

Business

Uber to divert China funds to India after Didi deal

Uber has decided to divert a large portion of its planned $1 billion investment in China to its India business.

15 Sep 2016

Flipkart

E-commerce vendors in for a dull festive season

The festive season from September until the end of the year is traditionally a very lucrative and a significant period for retailers.

15 Sep 2016

Business

Bayer to takeover Monsanto for $66 billion

Bayer- the German drug and crop chemical producer clinched the U.S. seeds company Monsanto in a $66 billion takeover.

14 Sep 2016

India

PayU buys Citrus Pay in a $130 million cash deal

Citrus Pay will be bought by PayU- the Naspers-owned online payments service provider for $130 million (Rs.865 crore).

14 Sep 2016

Anil Ambani

Reliance Communications merges with Aircel

RCom and Aircel just announced their merger in the largest ever consolidation deal in Indian telecom sector.

14 Sep 2016

India

Sequoia Capital to sell stakes in firms worth $200 million

According to sources, American venture capital firm, Sequoia Capital, is planning to sell $200 million worth of stakes in eight Indian "non-tech companies" via secondary transactions.

14 Sep 2016

Microsoft

Bid adieu to Microsoft Lumia this December!

Microsoft may stop production for Lumia smartphones as early as December 2016.

13 Sep 2016

Padma Bhushan

AM Naik names SN Subrahmanyan as his successor at L&T

Ending all the speculation around his succession, L&T's Chairman AM Naik said that SN Subrahmanyan, the Dy. Managing Director and President of the company would take over after him.

India reviewing US FDA ban on anti-bacterial soaps

Sources have stated that India's Central Drug Standard Control Organization (CDSCO) is in the process of reviewing the US FDA's ban on certain compounds used in anti-bacterial soaps.

Banks cutting Jan Dhan accounts with the One-Rupee trick

A report by Indian Express revealed that bank officials were quietly depositing Rs.1 from their pockets to erase zero-balance accounts and embellish data.

13 Sep 2016

India

Amazon outsells Flipkart for second consecutive month

August's sales figures indicated that Amazon out-sold Flipkart for the second consecutive month.

13 Sep 2016

India

Cairn shareholders approve Cairn-Vedanta merger

Cairn India's shareholders approved the company's merger with Indian mining company Vedanta Limited.

13 Sep 2016

India

Dixcy Textiles looks to raise Rs.300 crore from investors

Innerwear brand Dixcy Textiles is looking to raise funding of about Rs.300 crore from a pool of private equity investors, according to reports.

13 Sep 2016

India

LinkedIn 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

Starbucks

Starbucks 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

India

Nandan 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

India

Three 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).

12 Sep 2016

India

Snapdeal looks to revamp brand

One of India's leading online marketplace, Snapdeal, has signalled initiatives that would revamp its brand and company logo.

10 Sep 2016

Twitter

Twitter considering its buyout under pressure?

Adding to the recent speculation that Twitter would be taken over, the company's Board of Directors are reportedly discussing strategic options including a potential buyout option.

Amazon.com looks to get into live sports streaming

After getting into on-demand streaming of movies and TV shows, Amazon.com is now trying to pursue video rights to stream live sports.

10 Sep 2016

India

SEBI 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

Airbnb

Airbnb 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

India

Byju's raises $50 million from Chan Zuckerberg Foundation, Sequoia, others

Indian education company Byju's, run by Think and Learn Pvt Ltd, said it raised a whopping $50 million from existing investors and the Chan Zuckerberg Initiative.

09 Sep 2016

India

ICICI 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

India

Ola 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

NASDAQ

Liberty 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

India

Top 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

India

Ashok 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

Business

India not ready for retail FDI: Sitharaman

Commerce and Industry Minister Nirmala Sitharaman stated that India is not ready for FDI in the multi-brand retail sector.

08 Sep 2016

India

IKEA: States must follow Centre's business reforms

Lauding the Centre for its reforms in the ease of doing business in India, IKEA India Chief Juvencio Maeztu said Indian states should follow and implement the Centre's reforms.