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18 Nov 2016

India

Debt-straddled companies see salaries take a hit

Reports studied by market research firms have revealed that 'compensation increases' and growth have taken a backseat across firms that are heavily indebted.

17 Nov 2016

Lava International

Indian smartphone maker Lava set to raise $100 million

Pitched to be one of the biggest domestic smartphone manufacturers in India, Lava International is reportedly raising investments of $100 million from chip makers.

17 Nov 2016

Cyrus Mistry

Tata Global Beverages replaces Cyrus Mistry as Chairman

Tata Global Beverages informed stock exchanges their board decided to replace Cyrus Mistry as Chairman by a majority vote.

Welspun will monitor its Egyptian cotton business

According to Welspun India Ltd, the issue with their products isn't quality-related but the traceability-related.

16 Nov 2016

India

Fairness creams' market share appears to be shrinking

The market for men's fairness creams appears to be shrinking; analysts believe this could infact be a long term trend.

16 Nov 2016

India

SBI 'writes-off' loans of 63 defaulters

State Bank of India (SBI), India's largest public sector bank has 'written-off' more than Rs. 7,000 crore owed by 63 defaulters.

16 Nov 2016

Evan Spiegel

Snapchat files for IPO: Reports

According to reports, messaging service Snapchat has confidentially filed for its IPO; the report suggests the company will be going public early next year.

15 Nov 2016

India

2016: India witnesses highest asset sales

Market data reveals that India has chronicled the highest number of asset sales this year than in any other year after the country witnessed liberalization.

15 Nov 2016

Abu Dhabi

Abu Dhabi looks to attract Indian investors with tax incentives

UAE's capital city of Abu Dhabi is eyeing Indian businesses as potential investors and offering the investors tax incentives such as zero tax for 50 years and full ownership.

14 Nov 2016

Ratan Tata

Mistry defends independent directors

Cyrus Mistry lambasted Tata Sons for questioning the loyalty of the independent directors of Indian Hotels Limited and Tata Chemicals; Mistry contended that six out of the nine directors were appointed under Ratan Tata's leadership and two were trustees of the Ratan Tata Trust.

14 Nov 2016

Zomato

Zomato to launch new initiatives to garner greater revenues

Zomato is eyeing greater profitability and revenues through the launch of two new initiatives by the company, Zomato Red and Zomato Infrastructure Services.

14 Nov 2016

India

Tata Steel reports loss for September quarter

Tata Steel posted a loss of Rs.49.38 crore in the quarter that ended on 30 September, attributed mainly to poor performance of its UK steel business.

14 Nov 2016

Delhi

Reliance Infra's profits surge this quarter

Anil Ambani-led Reliance Infrastructure posted a 34% surge in profits for their second quarter in the financial year 2016-2017.

13 Nov 2016

Ratan Tata

2 unions of Tata Motors support Ratan Tata

Two unions of Tata Motors, representing over 16,000 workers, came out in support of Ratan Tata ahead of a board meeting of the company.

12 Nov 2016

India

Cancer, diabetes drugs down by 35%

The National Pharmaceutical Pricing Authority (NPPA) the drug price regulator in India slashed prices of drugs used to treat diabetes, cancer, asthma and other common ailments.

Black money finding way into inactive dormant accounts

The Jan Dhan Yojana accounts that were lying dormant so far suddenly saw a flush of funds.

12 Nov 2016

Ratan Tata

Mistry still Tata Steel head; Board deeply divided on Mistry

At the Tata Steel board meeting, independent directors remained split on the question of supporting Chairman Cyrus Mistry.

RBI eases rules for stressed asset resolution schemes

The Reserve Bank of India (RBI) has eased the rules for various stressed asset resolution schemes and extended the scope of a loan recast plan that was previously limited to the infrastructure industry.

11 Nov 2016

Ratan Tata

Tata's attempt to remove Mistry from all group companies.

After removing Cyrus Mistry from the board of Tata Consultancy Services, the Tata Sons group is making attempts to remove Mistry from the boards of all group companies.

11 Nov 2016

Alibaba Group

Alibaba's Singles' Day clocks over $5 billion in one hour

Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.

10 Nov 2016

Business

Pearl scam: SC asks CBI to clarify probe capacity

The Supreme Court asked the CBI to clarify if it had the wherewithal to examine all 76 cases lodged in different states against Nirmal Singh Bhangoo's Pearl group of companies.

10 Nov 2016

Ratan Tata

TCS: Mistry to be replaced by Ishaat Hussain

Tata Sons has directed their group company Tata Consultancy Services to appoint Ishaat Hussain as their new interim chairman in place of Cyrus Mistry.

10 Nov 2016

Facebook

Facebook looks to rival LinkedIn's job feature

Facebook is reportedly testing a jobs feature and is looking to promote job listing through the social networking site.

Fast food giant McDonald's sues Florence for $20 million

Multinational fast food restaurant chain McDonald's filed a $20 million lawsuit against the Italian city of Florence, under charges that the city blocked the company's plans to open a restaurant.

09 Nov 2016

Business

Supertech to deposit Rs.10 crore with SC

Real estate developer Supertech has been asked to deposit Rs.10 crore with the Supreme Court, to safeguard buyers in their litigated Emerald project in Noida.

09 Nov 2016

Narendra Modi

Sensex falls 1,600 points on Trump's victory, Modi's new move

With global markets roiling after Donald Trump emerged victorious as the next US President, India's Sensex and Nifty fell on the turbulence.

08 Nov 2016

Ratan Tata

Govt to take stock of Tata-Mistry dispute

Finance Minister Arun Jaitley has summoned the independent directors of Tata Group Companies to take stock of the fall-out of the Tata-Mistry split.

08 Nov 2016

India

SoftBank writes-off $555 million across Ola, Snapdeal investments

In the wake of India's online start-ups eyeing fresh funding, SoftBank's quarterly results reflected a decline in its returns from investments in start-ups like Ola Cabs and Snapdeal.

08 Nov 2016

Business

BigBasket explores fresh funds worth $150 million in 2017

The online grocery store BigBasket is looking to raise a fresh round of funds amounting to $150 million, after raising the same amount in March this year.

08 Nov 2016

India

The coming IT storm and how it'll affect India

The IT services industry is facing a disruptive headwind.

08 Nov 2016

India

Oil India sets up Rs.50 crore start-up fund

Assam-based Oil India Limited announced that the company set up the Oil India start-up fund of Rs.50 crore to boost new entrepreneurs and ideas for India's oil sector.

08 Nov 2016

India

India's mounting bad loan issue

With India's many banks reporting their recent financial results, the earnings posted have suffered greatly with the rising amount of bad loans affecting the asset quality of the banks.

07 Nov 2016

India

SBI: Vindhyavasini Group's default payments cross Rs.1,000 crore

India's largest public-sector bank, SBI, revealed that Mumbai-based Vindhyavasini Group has defaulted in payments of over Rs.1,000 crore to the bank.

07 Nov 2016

India

Rs.1 note now printed at a profit

In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.

05 Nov 2016

Ratan Tata

Indian Hotels Company's 6 directors publicly repose faith in Mistry

6 independent directors of Indian Hotels Company (IHCL) publicly showed faith in Cyrus Mistry's management ahead of the scheduled board meeting.

05 Nov 2016

Business

Non-bailable warrant issued against Mallya by Delhi court

A Delhi court commented on Vijay Mallya saying, "He has scant regard for the law of the land and has no intention to return to India."

04 Nov 2016

Ratan Tata

Turbulent times continue at Tatas

Sources stated that the Mistry family does not wish to sell the 18.5% stake it has in Tata Sons.

04 Nov 2016

Bombay High Court

Nestle India's Q3 results show normal course of business

Nestle India Limited's Q3 2016 results indicated that things are back on track after the Maggi noodles recall incident.

04 Nov 2016

Quentin Tarantino

Hulk Hogan and Gawker Media settle for $31 million

Former professional wrestler Hulk Hogan and accused Gawker Media reached a cash settlement of $31 million.

03 Nov 2016

Business

Alibaba beats estimates with strong growth

Alibaba beat analysts' estimates by posting a 55% increase in Q2 earnings, showing strong growth in media and entertainment.