Business News
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19 Dec 2015
BusinessSun Pharma gets warning from FDA
Sun Pharmaceutical received a warning letter from the US FDA as a result of a September 2014 inspection of the company's facility at Halol, Gujarat.
16 Dec 2015
BusinessCCI gives nod to Thomas Cook to acquire Kuoni
The Competition Commission of India (CCI) gave its nod to India's leading travel service provider for its acquisition of Kuoni Travel India.
1 Dec 2015
BusinessYuan appointed to IMF's global reserve currency basket
The executive board of the International Monetary Fund has included the Chinese Yuan into its basket of global reserve currencies in its meeting on 30 November.
25 Nov 2015
BusinessJapan's Mitsui invests Rs.343 crores in Naaptol
Home shopping company, Naaptol Online Shopping announced that it had again raised Rs.343 crore from Mitsui & Co, a Japanese conglomerate.
24 Nov 2015
BusinessSC asks Vodafone to pay Rs.2000 crore
Supreme Court has asked Vodafone Mobile Services Ltd (VMSL) to pay Rs.2,000 crore to the Department of Telecom (DoT) prior to receiving approval for a proposed merger of its four entities into itself.
20 Nov 2015
BusinessOla partners with MapmyIndia for better navigation
Ola announced its partnership with MapmyIndia by acquiring a multi-year licence.
19 Nov 2015
BusinessBond trading disrupted due to RBI staff protest
Bond trading was hit on November 18 as investors and traders stayed away from the market.
18 Nov 2015
BusinessCCI imposes fine on Jet, SpiceJet, IndiGo
In a bid to clamp down on cartelisation over fixing fuel surcharge on air cargo, Competition Commission of India (CCI) imposed penalties worth Rs.258 crore on three airlines.
16 Nov 2015
BusinessFlipkart sells ESOP stake to check attrition
In order to stop attrition amongst its worker base, Flipkart- the online eCommerce marketplace, sold a minimal stake of its ESOP to few high net worth individuals (HNIs) for approximately Rs.180-240 crore.
14 Nov 2015
BusinessIndiabulls buys 39.76% stake in OakNorth Bank
Mumbai-based Indiabulls Group has bought a 39.76% stake in UK-based OakNorth Bank, a lender to small businesses and enterprises.
11 Nov 2015
BusinessSRK questioned for 4 hours in forex case
The Enforcement Directorate (ED) questioned Shah Rukh Khan for 4 hours regarding a violation of the Foreign Exchange Management Act (FEMA).
10 Nov 2015
BusinessGovernment announces major FDI reforms
The Central government announced major policy changes aimed at easing restrictions for foreign direct investment (FDI) in India.
9 Nov 2015
BusinessBoeing and Tata come together for AH-64 Apache
Tata Advanced Systems and US aviation major Boeing announced their joint venture that will make aerostructures for AH-64 Apache attack helicopters (choppers).
5 Nov 2015
BusinessMicrosoft partners with Justdial, Paytm and Snapdeal
At the "Future Unleashed" event in Mumbai, Microsoft's Satya Nadella announced partnerships with three Indian e-commerce players - Justdial, Paytm and Snapdeal.
2 Nov 2015
BusinessJaitley to open World Economic Forum India Summit
Finance Minister Arun Jaitley is set to open the World Economic Forum's (WEF) India summit on November 4.
30 Oct 2015
BusinessSpicejet's loss is Vistara's gain: Sanjiv Kapoor moves
Spicejet's Chief Operating Officer Sanjiv Kapoor is joining Vistara, Tata group-Singapore Airlines joint venture as its Chief Strategy & Commercial Officer.
30 Oct 2015
BusinessRBI makes NRIs eligible for National Pension System
In consultation with the government, Reserve Bank of India (RBI) has decided to enable National Pension System (NPS) as an investment option for Non-Resident Indians (NRIs).
25 Oct 2015
BusinessTesla to produce cars in China, India ignored
Tesla's CEO Elon Musk has announced he is in talks with China to produce vehicles. He believes that production costs could be cut by a third by manufacturing in China.
25 Oct 2015
BusinessDraft of National Capital Goods Policy is ready
The capital goods industry is set to receive a boost as the Indian government released a draft of its National Capital Goods Policy.
24 Oct 2015
BusinessUK dismisses Jet Airways' appeal over carbon fine
Jet Airways had been penalised for failing to comply with Europe's Emission Trading System (ETS).
19 Oct 2015
BusinessWalmart paid millions in bribe in India
According to a Wall-Street Journal report, America's Walmart is speculated to have paid bribes worth millions of dollars in India.
19 Oct 2015
BusinessAmazon sues over 1000 fake reviewers
Online retail giant Amazon had filed a lawsuit against 1,114 defendants who offer a false review service for a small amount of $5 on the website Fiverr.com.
14 Oct 2015
BusinessOnline retailers form an e-pharmacy space
While the chemists shut their stores protesting against "illegal" online sale of medicines, the private companies in the e-pharmacy space have come together to create an association.
14 Oct 2015
BusinessFlipkart's rocketing sales on Day 1
Flipkart said it sold 10 lakh products in the first 10 hours of its five-day Big Billion sale.
9 Oct 2015
BusinessVodafone wins transfer pricing against IT department
Bombay HC came to Vodafone India's rescue in its battle against the income-tax department over transfer pricing.
8 Oct 2015
BusinessSnapdeal invests $20 million in Gojavas
Online retailer Snapdeal put in $20 million (almost Rs 130 crore) in Gurgaon-based Gojavas.
6 Oct 2015
BusinessYuan the 4th most-used payment currency
According to the global transaction services organisation SWIFT, China's Yuan became the fourth most-used world payment currency by overtaking Japanese yen in August.
3 Oct 2015
BusinessGovernment may start strategic sale of PSUs soon
Government is framing a formal policy regarding the sale of stakes, including transfer of control, in state-run companies as it revives the idea of privatising non-strategic public sector enterprises (PSUs).
30 Sep 2015
BusinessIndia trumps US, China as No.1 FDI destination
According to the FT data service, India beat US and China to emerge as the top environment for foreign direct investment.
28 Sep 2015
BusinessFMC merges with SEBI
In a first ever merger of regulators, commodities regulatory body Forward Markets Commission (FMC) merged with Securities and Exchange Board of India (SEBI).
19 Sep 2015
BusinessSKS fails to get Small Bank license
SKS Microfinance failed to secure the license for operating Small Bank from the Reserve Bank of India.
12 Sep 2015
BusinessCarDekho acquires Zigwheels, competition heats up
CarDekho, the online auto classifieds space is all set to acquire Zigwheels, the Times Internet owned auto portal.
11 Sep 2015
BusinessSatyam scam: Raju ordered to pay back Rs.1800 crore
In a fresh development in the 7 year old case, Raju and those associated with him were asked by SEBI to pay back the Rs.1800 crore they had swindled their investors out of in the Satyam scam.
8 Sep 2015
BusinessJaitley briefs about PM's meet with India Inc
In a meeting that lasted about 3 hours with the participation of 27 stakeholders, key global events and their impact on India was discussed.
3 Sep 2015
BusinessJetLite to merge with parent carrier Jet Airways
Jet Airways announced that its board had authorized the amalgamation of the low-cost auxiliary JetLite with the parent airline.
1 Sep 2015
BusinessFacebook, Flipkart among companies that testified against Google
In response to queries raised by the Competition Commission of India (CCI), Flipkart, Facebook, Nokia's maps division and several other companies have corroborated complaints that Google abused its dominant market position.
28 Aug 2015
BusinessIndia, Seychelles sign pact to curb black money
In its fight against black money, India inked an information exchange agreement with Seychelles.
26 Aug 2015
BusinessTCS gifts $35 million to Carnegie Mellon University
In a philanthropic gesture, Tata Consultancy Services (TCS) gifted $35 million (Rs.231 crores) to the Carnegie Mellon University (CMU) in USA.
25 Aug 2015
BusinessGlenmark Pharmaceuticals stock falls
Glenmark's stock closed at Rs.1,164.80, down Rs.60.55, or 4.94% on the Bombay Stock Exchange on Monday, 24 Aug night.
24 Aug 2015
BusinessSensex plunges over 1500 points
In what is seen as a biggest intra-day crash so far in 2015, Sensex dropped over 1500 points while Nifty fell below the 7900 mark.
