Business News | Page 186
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31 Aug 2015
Business7th Central Pay Commission gets 4 month extension
The 7th Central Pay Commission which was set to expire on 27 August got a four-month extension from the Union Cabinet.
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
BusinessBandhan- a fully commercial bank now!
Finance Minister Arun Jaitley inaugurated the Bandhan Bank which will function as a full-fledged commercial bank.
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.
22 Aug 2015
BusinessFirstCry gives out a million gift-boxes to mothers
As part of its new micro-marketing strategy, FirstCry, the online retailer of babycare products, is giving out 1 million gift boxes to new mothers.
22 Aug 2015
BusinessFemale-libido enhancer Addyi's maker sold for $1 billion
The Wall Street Journal reported that Valeant Pharmaceuticals International, Inc will buy Raleigh-based Sprout Pharmaceuticals for approximately $1 billion.
21 Aug 2015
BlackBerryBlackberry facing staff crunch, senior managers quitting
Blackberry's India operation are seeing a stagnation with one-fourth of its staff having resigned.
20 Aug 2015
BusinessRBI approves 11 payments banks
Reserve Bank of India gave nod to 11 entities for setting up non-lending 'payments banks'.
19 Aug 2015
BusinessAmazon to look into accusations made by NYT
Bezos said that any company where employees were not given due consideration could have become as successful as Amazon.
19 Aug 2015
Snapdeal$500 million fresh funding for Snapdeal
Snapdeal raised $500 million in fresh funds from Chinese e-commerce firm Alibaba Group, Foxconn Technology Group and existing investor SoftBank Group.
18 Aug 2015
BusinessRoyal Enfield institutes sales subsidiary in the U.S
The ace bike-making company, Royal Enfield has established a direct distribution subsidiary in the U.S to cater to the North-American market.
15 Aug 2015
BusinessControversy arises over Arun Sathe's appointment to SEBI
Controversy has arisen over Sathe's appointment to the SEBI board at a time when the government is being accused of political influence in key positions.
13 Aug 2015
BusinessHero Cycles picks up stake in Avocet Sports
Hero Cycles acquired a majority stake in UK-based Avocet Sports, marking its entry into the high-end bicycle market in Europe.
13 Aug 2015
BusinessFoodpanda to acquire TinyOwl
Pisces EServices owned Foodpanda is all set to pick up stake in Mumbai-based food ordering app TinyOwl.
13 Aug 2015
BusinessBombay HC lifts the ban on Maggi
Ruling in favour of Nestle India, Bombay High Court lifted the ban on Maggi by setting aside the orders of FSSAI.
11 Aug 2015
BusinessXiaomi launches first smartphone made in India!
Xiaomi launched it's first made-in-India smartphone named Redmi 2 Prime at a price of Rs.6999.
11 Aug 2015
BusinessSundar becomes CEO of Google, subsidiary of Alphabet
Google rolled out Alphabet Inc, a collection of companies as its parent company, with Larry Page as CEO and Sergey Brin as President.
7 Aug 2015
BusinessAbbott frustrated over reversal of Adani mine project
Tony Abbott, the Australian Prime Minister expressed his frustration over Adani's coal mine project being overturned.
6 Aug 2015
BusinessIndia defers free trade agreement talks with EU
India has decided to defer talks with the European Union on the Broadbase Investment and Trade Agreement (BITA).
6 Aug 2015
BusinessPracto receives $90 million funding
Internet based medical service platform Practo, which mediates patients-doctors, has received a $90 million funding from a group of investors.
5 Aug 2015
BusinessFoxconn to initially invest $2 billion in India
Foxconn, the Taiwan-based electronic maker for Apple, Amazon, Blackberry and Xiaomi announced that it would initially invest a sum of $2 billion in India, to enhance the manufacturing base.
5 Aug 2015
BusinessPrintvenue ventures to decorate homes!
Printvenue.com is expanding its horizons in India and other countries by entering into the home-decor space and has already attributed $5 million for the excursion.
3 Aug 2015
IndiaSoftBank leads investment for OYO Rooms
SoftBank, the Japanese corporation, has decided to invest in OYO Rooms with a Rs.630 crore funding.
1 Aug 2015
BusinessFrench bank BNP Paribas buys Sharekhan
French banking major BNP Paribas made its newest acquisition in the name of Sharekhan, the Indian broking firm for close to Rs.2240 crore.
30 Jul 2015
BusinessCCI imposes $65.8 million fine on Hyundai
Hyundai was fined with $65.8 million by the Competition Commission of India (CCI).
29 Jul 2015
Business$100 Mn from Goldman Sachs and others for Pepperfry
In the 4th round of funding, Pepperfry, the online furniture retailer got a $100 million (about Rs 642 crore) investment from Goldman Sachs, Zodius Technology Fund, Bertelsmann India Investments and Norwest Venture Partners.
28 Jul 2015
BusinessValcambi bought by Rajesh Exports in $400mn deal
Valcambi, the world's biggest gold refining company was bought in an all-cash deal worth $400 million by Rajesh Exports Ltd.
28 Jul 2015
BusinessSIT recommends a curb in P-Note transfers
Supreme Court appointed Special Investigation Team (SIT) proposed that SEBI had to track-down the owners of Participatory Notes (P-Notes) and also restrict their transfers.
27 Jul 2015
BusinessTata JLR eyes European expansion though new plant
Tata-Jaguar Land Rover (JLR) has proposed a new plant in Europe. This plant is touted to be established in Poland.
26 Jul 2015
BusinessDabur to launch its Hajmola Yoodley drink
Dabur, the Indian FMCG major is planning a cross-over of its popular Hajmola brand to the flavoured beverage category.
24 Jul 2015
BusinessFinancial Times gets acquired by Nikkei group
English business newspaper - The Financial Times was sold to Nikkei group, a Japanese digital media entity for £ 844 Million.
24 Jul 2015
BusinessCrash predicted in real estate prices
Experts have warned about a 50% crash in future real estate prices in India.
23 Jul 2015
BusinessGold prices plummet to a five year low
Massive selling on Shanghai Gold Exchange pushed gold prices by 4% to a five-year low. The prices dropped to $ 1,088.05 an ounce, the lowest since March 2010.
23 Jul 2015
BusinessAccenture to bid adieu to annual performance reviews
Accenture, one of the largest consulting, technology services and outsourcing companies in the world has decided to get rid of the annual performance review.
22 Jul 2015
BusinessPayPal keen to expand business in India
PayPal said it was keen to expand its business in India, having separated from e-commerce major, eBay on 18 July 2015.
22 Jul 2015
BusinessToshiba CEO, Vice-Chairman make a scandalous exit
Hisao Tanaka, Toshiba's CEO and President resigned after the company declared it had amplified its profits for the last 6 years.
22 Jul 2015
BusinessIRCTC to provide 'finger licking' KFC food
Indian Railway Catering and Tourism Corporation (IRCTC) has entered into a partnership with KFC to start a delivery service for foodies on trains.
21 Jul 2015
BusinessAmazon intensifies Indian market operations
Amazon gears-up to invest $5 billion for wider expansion in Indian markets. This deal would make India its biggest market outside the US.