Business News | Page 165
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18 Nov 2016
IndiaDebt-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 InternationalIndian 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 MistryTata 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.
17 Nov 2016
United States of AmericaWelspun 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
IndiaFairness 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
IndiaSBI '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 SpiegelSnapchat 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
India2016: 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 DhabiAbu 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 TataMistry 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
ZomatoZomato 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
IndiaTata 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
DelhiReliance 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 Tata2 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
IndiaCancer, 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.
12 Nov 2016
Enforcement Directorate (ED)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 TataMistry 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.
12 Nov 2016
Reserve Bank Of India (RBI)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 TataTata'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 GroupAlibaba'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
BusinessPearl 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 TataTCS: 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
FacebookFacebook 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.
10 Nov 2016
United States of AmericaFast 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
BusinessSupertech 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 ModiSensex 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 TataGovt 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
IndiaSoftBank 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
BusinessBigBasket 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
IndiaThe coming IT storm and how it'll affect India
The IT services industry is facing a disruptive headwind.
08 Nov 2016
IndiaOil 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
IndiaIndia'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
IndiaSBI: 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
IndiaRs.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 TataIndian 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
BusinessNon-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 TataTurbulent 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 CourtNestle 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 TarantinoHulk 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
BusinessAlibaba beats estimates with strong growth
Alibaba beat analysts' estimates by posting a 55% increase in Q2 earnings, showing strong growth in media and entertainment.