Business News | Page 165
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
16 Dec 2016New 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 2016Business
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 2016Kolkata
Goswami's venture to be called 'Republic'
Senior journalist Arnab Goswami announced that his new enterprise would be called the 'Republic'.
15 Dec 2016Bombay Stock Exchange (BSE)
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 2016India
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 2016India
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."
15 Dec 2016Tata Consultancy Services (TCS)
$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.
14 Dec 2016Bombay Stock Exchange (BSE)
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 2016Business
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 2016India
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.
13 Dec 2016Reserve Bank Of India (RBI)
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 2016India
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.
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.
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.
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 2016Business
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 2016Business
Microsoft officially closes its $26.2B acquisition of LinkedIn
Microsoft will be acquiring LinkedIn for $26.2 billion.
09 Dec 2016iOS
Fitbit snags smartwatch company Pebble
American fitness company Fitbit has acquired smartwatch maker Pebble for less than $40 million.
09 Dec 2016Vijay 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 2016India
Arun Jaitley declares measures promoting digital transactions
Union Finance Minister Arun Jaitley on Thursday announced a slew of measures that would promote digital transactions.
08 Dec 2016Reserve Bank Of India (RBI)
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 2016DC 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 2016Donald 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 2016India
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 2016Samsung
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 2016India
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 2016Ratan 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 2016Narendra 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 2016Alibaba 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.
04 Dec 2016Reserve Bank Of India (RBI)
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 2016India
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 2016Microsoft
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 2016Gurugram
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.
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.
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.
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 2016Bharti 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 2016Business
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.
30 Nov 2016Reserve Bank Of India (RBI)
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 2016Netflix
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.