Business News | Page 171
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Sensex rallies, Nifty peaks to 8850
India's benchmark indices, the BSE Sensex and the NSE Nifty rose over a percent today.
16 Sep 2016Business
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.
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.
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 2016Elizabeth 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.
15 Sep 2016United States of America
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 2016Fiat
Electric bicycle created by Ferrari designers
Pininfarina, the company which designs Ferrari sports cars, has created an electric bicycle.
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 2016Walt Disney
Disney slashes 250 jobs in consumer products unit
The Walt Disney Company slashed nearly 5 percent of its consumer products staff on Wednesday.
15 Sep 2016Central Bureau Of Investigation (CBI)
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.
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 2016Flipkart
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.
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 2016India
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 2016Anil 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 2016India
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 2016Microsoft
Bid adieu to Microsoft Lumia this December!
Microsoft may stop production for Lumia smartphones as early as December 2016.
13 Sep 2016Padma 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.
13 Sep 2016Reserve Bank Of India (RBI)
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.
Amazon outsells Flipkart for second consecutive month
August's sales figures indicated that Amazon out-sold Flipkart for the second consecutive month.
Cairn shareholders approve Cairn-Vedanta merger
Cairn India's shareholders approved the company's merger with Indian mining company Vedanta Limited.
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.
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 2016Starbucks
Starbucks working to overcome the 'basic' image
Starbucks has been working on fixing the brand's 'basic' image by spending huge money on innovation.
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.
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).
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 2016Twitter
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.
10 Sep 2016Indian Premier League (IPL)
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 2016India
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 2016Airbnb
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.
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.
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.
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 2016NASDAQ
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.
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 2016India
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 2016Business
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 2016India
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.