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16 Dec 2016

New Zealand

Rupert Murdoch's Fox empire acquires Sky News for $14.6 billion

Rupert Murdoch's 21st Century Fox has acquired British multimedia company Sky News for $14.6 billion, reports said.

16 Dec 2016

Business

Practo buys analytics firm Enlightiks

Healthcare services platform Practo Technologies Pvt. Ltd bought analytics firm Enlightiks Business Solutions Pvt. Ltd in a cash and stock deal.

16 Dec 2016

Kolkata

Goswami's venture to be called 'Republic'

Senior journalist Arnab Goswami announced that his new enterprise would be called the 'Republic'.

Sensex down 84 points after Fed rate hike

The Sensex closed 83.77 points down after the US Federal Reserve hiked interest rates, indicating more hikes in 2017.

15 Dec 2016

India

Demonetization woes hit India's knitwear centre

With the onset of demonetization, India's knitwear hub, Tirupur, was hit drastically by the liquidity crunch, according to reports.

15 Dec 2016

India

Court fines Patanjali Rs.11 lakh for misbranding and misrepresentation

A fine of Rs.11 lakh was levied on Patanjali Ayurved Ltd, by a Haridwar court for "misbranding and misrepresentation of its products."

$116bn-worth IT contracts up for renewal in 2017

Indian companies in the Information Technology services sector have been steadily increasing their share in global IT outsourcing.

Sensex increases amidst signals of a Federal Reserve rate hike

Despite reports signalling an increasing possibility of a US Federal Reserve rate hike this month, India's Sensex managed to close higher on the Bombay Stock Exchange.

14 Dec 2016

Business

Satyam Bansal quits to join Hotstar

Satyam Bansal, Chief of Staff for Flipkart quit to join Hotstar as its new Senior Vice President - Partnerships & Distribution, in Mumbai.

14 Dec 2016

India

Vodafone launches M-Pesa PAY to help merchants

Vodafone India, in a bid to ease the burden on merchants and retailers in post-demonetization India, launched M-Pesa PAY on its already existing mobile wallet service.

Kolkata woman finds Rs.60 lakh in Jan Dhan account

A woman from a low-income locality in Kolkata found Rs.60 lakh in her Jan Dhan account after officials from the Enforcement Directorate knocked on her door to investigate the money.

13 Dec 2016

India

Demonetization set to ease retail inflation to below 4%

Market experts and economists are expecting the country to clock retail inflation lesser than 4% after the demonetization move impacted the availability and supply of money.

12 Dec 2016

India

Excise duty, service tax collections hampered by demonetization

With the demonetization effect settling into the economy, the nation's excise duty and service tax collections scripted slow growth last month, according to reports.

12 Dec 2016

India

IT, telecom sectors look for incentives in upcoming Budget

With the 'Make in India' initiative trickling down to companies, IT and telecom firms are on the lookout for incentives in domestic manufacturing in the upcoming Budget.

12 Dec 2016

India

Govt rushes to clear GST related bills

With just three working days before the Winter Session of Parliament concludes, the government is rushing to clear bills linked to the GST; the central goods and service tax, integrated GST, and a compensation legislation have to be inked in this session for the GST to be rolled out in April.

10 Dec 2016

Business

The foodie merger: Delivery Hero acquires Foodpanda

Delivery Hero Holding GmbH is gearing up to acquire Foodpanda, consolidating two of the top food delivery start-ups from Germany.

10 Dec 2016

Business

Microsoft officially closes its $26.2B acquisition of LinkedIn

Microsoft will be acquiring LinkedIn for $26.2 billion.

09 Dec 2016

iOS

Fitbit snags smartwatch company Pebble

American fitness company Fitbit has acquired smartwatch maker Pebble for less than $40 million.

09 Dec 2016

Vijay Shekhar Sharma

Paytm growing faster than expected

Paytm just announced the new 'App Password' feature for its android application; the feature allows users to lock their app using a PIN/password/biometrics to ensure account safety even if the phone is stolen.

09 Dec 2016

India

Arun Jaitley declares measures promoting digital transactions

Union Finance Minister Arun Jaitley on Thursday announced a slew of measures that would promote digital transactions.

Demonetization led to misuse of Jan Dhan accounts: IT dept

The Enforcement Directorate has received tip offs from the IT department about huge sums of unaccounted money being deposited in shell companies and Jan Dhan accounts.

08 Dec 2016

DC Comics

AT&T, Time Warner seek approval for merger

Officials from AT&T and Time Warner will appear before a Senate Judiciary Committee to seek approval for the merger of the two entities.

08 Dec 2016

Donald Trump

Donald Trump looks to cancel Boeing's Air Force One contract

US President-elect Donald Trump, who is set to take office on 20 January 2017, urged the government to cancel the country's Air Force One contract with Boeing.

07 Dec 2016

India

RBI maintains repo rate at 6.25%

Amidst rising expectations of a rate cut from the Reserve Bank of India, the central bank kept the repo rate unchanged at 6.25%.

07 Dec 2016

Samsung

Courts side with Samsung against Apple

The US Supreme Court sided with Samsung in the patent fight with Apple; the court ruled that Samsung does not have to pay a $399 million penalty to Apple.

07 Dec 2016

India

India's services sector sinks amidst demonetization woes

After the recession of 2008, India's services market revealed its worst production figures this month, with demonetization coming into effect.

05 Dec 2016

Ratan Tata

Cyrus Mistry seeks government intervention in Tata Trusts

After being ousted from Tata Sons, Cyrus Mistry asked the government to mediate in the affairs and business decisions of the Indian conglomerate.

05 Dec 2016

Narendra Modi

India looks to bag massive deals at Petrotech meet

The Petrotech global conference commenced in New Delhi today and was inaugurated by Prime Minister Narendra Modi.

04 Dec 2016

Alibaba Group

Snapdeal denies reports of Alibaba's acquisition interest

After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.

Inconsistencies found in Jan Dhan accounts

The Central Board of Direct Taxes stated that it has found several inconsistencies in the sudden deposits of cash in Jan Dhan accounts.

03 Dec 2016

India

The world's richest and what they control

Across the globe, with rising differences over the wealth owned by the richest and the poorest, the United States is perched on top with the maximum billionaires.

03 Dec 2016

Microsoft

Come 2017, new Nokia phones to enter smartphone market

After battling rising competition and technology changes, Finnish telecom giant Nokia is all set to re-enter the smartphone market next year.

02 Dec 2016

Gurugram

Solar power cost drops to new low

Solar power tariffs have been consistently dropping and have now touched a new low of Rs.3 per unit.

01 Dec 2016

India

Delhi High Court cancels government ban on 344 FDC drugs

The Delhi High court revoked the government's ban on 344 Fixed dose combination (FDC) drugs based on over 450 petitions it received.

01 Dec 2016

India

LPG prices up, ATF prices reduced

In what is touted to be the 7th increase in LPG costs in 6 months, the price of subsidized cooking gas was hiked by Rs.2.07 per cylinder; subsidized 14.2-kg cylinders now cost Rs.432.71 as against Rs.430.64.

01 Dec 2016

India

Jio's Happy New Year offer - Free services till Mar'17

Mukesh Ambani announced that from December 4, every new Jio user will get data, voice, video free till March 31. He called it 'Jio Happy New Year' offer.

01 Dec 2016

Bharti Airtel

Brookfield targets to obtain 51% stake in Bharti Infratel

Canada's Brookfield Asset Management Inc., submitted the highest bid to acquire 51% stake in the telecom tower service provider Bharti Infratel Ltd.

30 Nov 2016

Business

More high-profile exits at Flipkart

Flipkart's vice-president Mausam Bhatt and senior vice-president of engineering Peeyush Ranjan have resigned, becoming the latest in a string of high-profile exits from the company.

Jan Dhan account withdrawals capped at Rs.10,000/month

As a temporary measure, the RBI has capped the withdrawal limit on Jan Dhan accounts to Rs.10,000 a month.

30 Nov 2016

Netflix

New tax-levy on content providers

The central government is in the process of introducing a new 'e-service tax' that will impact content providers such as Netflix, Amazon, Apple and several more.