Business News | Page 163
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31 Dec 2016
Ratan TataThe Top 10 business scandals of 2016
Businesses across the world have faced their share of scandals this year, ranging from sexual harassment, to fraud, to providing politically biased news.
31 Dec 2016
Flipkart2016 Year in Review for Indian unicorns
The term "unicorn" was promoted by venture capitalist Aileen Lee to describe start-ups which were valued at over $1 billion.
31 Dec 2016
Donald TrumpAsian stocks and dollar script upbeat days, Euro surges
With 2016 coming to an end, Asian stocks and the dollar showed upbeat data, while experts estimate that oil is set to see its biggest gain after seven years.
30 Dec 2016
All India Institute Of Medical Sciences (AIIMS)MobiKwik registers 1000% growth post-demonetization
Mobile payments platform MobiKwik registered 1000% growth after the demonetization scheme was announced in November, crossing the one million user mark on its network.
30 Dec 2016
West BengalTMC MP Tapas Pal arrested in Rose Valley scam
Trinamool Congress MP Tapas Pal has been arrested by the CBI for links to the Rose Valley chit-fund scam; he was questioned by the CBI in the case earlier today.
30 Dec 2016
SingaporeSingapore's central bank dabbles with digital currency
Singapore's central bank, the Monetary Authority of Singapore, is venturing into the fintech world by testing digital currency for its operations.
29 Dec 2016
BusinessAlibaba to open office in Mumbai's BKC
Chinese e-commerce giant, Alibaba will set up its first office in India, in Mumbai's Bandra-Kurla Complex; the office will be at the Platina building owned by the The Wadhwa Group.
29 Dec 2016
BusinessRatan Tata meets RSS Chief Mohan Bhagwat
Tata Sons Chairman Ratan Tata held a 35 minute meeting with RSS Chief Mohan Bhagwat in Nagpur; neither Tatas nor the RSS divulged details of the meeting.
29 Dec 2016
AmazonE-commerce firms overhauling fashion portfolios to boost sales
Sources said that e-commerce giants including Amazon India and Flipkart are overhauling their fashion portfolios by launching in-house brands and forging new partnerships.
29 Dec 2016
IndiaDemonetization sees banks enter the corruption spotlight
Amidst rising bad loans, the country's banks are battling corruption scandals of money laundering with the demonetization move.
28 Dec 2016
South KoreaQualcomm fined $854 million on charges of anti-trust violations
American chip manufacturer Qualcomm was fined a record $854 million (1.03 trillion South Korean Won) by South Korean economic regulator, Korea Fair Trade Commission (KFTC).
27 Dec 2016
IndiaKolkata bazaars: Vendors buying demonetized notes at a premium
With the demonetization effect sinking into the economy, many vendors across Kolkata's Burrabazar trading bazaar are accepting the invalid notes.
27 Dec 2016
IndiaJaitley indicates tax cuts in Budget 2017
Union Finance Minister Arun Jaitley hinted at tax cuts in the upcoming budget, saying India needed to have lower tax rates to become globally competitive.
27 Dec 2016
SnapchatSnapchat to buy augmented reality start-up Cimagine
Messaging application Snapchat is reportedly buying Israeli augmented reality start-up Cimagine Media in a $30-40 million deal; the deal is Snapchat's first acquisition in Israel.
27 Dec 2016
Supreme Court Of IndiaJustice Singhvi to arbitrate Govt-RIL spat
The Centre has appointed retired Justice G.S. Singhvi, a former Supreme Court judge and Competition Appellate Tribunal chairman as arbitrator in the $1.55 billion Govt-RIL dispute.
26 Dec 2016
BusinessAmazon India's losses multiply in FY'16
According to regulatory filings, Amazon India's losses soared to Rs.3,572 crore from Rs.1,724 crore in 2015; however, the company's revenues doubled from Rs.1,022 crore to Rs.2,275 crore in the same period.
26 Dec 2016
HollywoodGlu Mobile acquires QuizUp
Glu Mobile, the developers of celebrity-themed games like Kim Kardashian: Hollywood and Nicki Minaj: The Empire, acquired Plain Vanilla Corp., the creators of the extremely popular quiz app QuizUp, for $7.5 million.
25 Dec 2016
IndiaBudget 2017 riding high on expectations?
The country's Union Budget, scheduled to be presented on 1 February, will hopefully see a list of people-friendly announcements being made, reports said.
24 Dec 2016
Donald TrumpLockheed Martin says will work to reduce F35 jet cost
Marillyn Hewson, the chief executive of Lockheed Martin Corp told President-elect Donald Trump that she would work toward driving down the cost of manufacturing the F35 fighter jet.
24 Dec 2016
IndiaRCom-Brookfield deal: Investors see no upside
Reliance Communication's deal with asset management group Brookfield Infrastructure to sell its tower business hardly excited any investors.
23 Dec 2016
West BengalRose Valley scam sees assets worth Rs.1,250 crore seized
The Enforcement Directorate seized assets worth Rs.1,250 crore from the money laundering and ponzi schemes run by the Rose Valley Group. The ED also obtained assets which included eight hotels and a Rolls Royce.
23 Dec 2016
IndiaGST council fails to break deadlock on dual control
Uncertainty over cross empowerment and dual control continued even as the two-day Goods and Service Tax meet ended on Friday.
23 Dec 2016
United States of AmericaDeutsche Bank reaches $7.2 billion settlement with US regulators
Deutsche Bank has reached a settlement of $7.2 billion with the Department of Justice in the US (DoJ) over an investigation into the mortgage-backed securities.
23 Dec 2016
BusinessPayPal to acquire a minority stake in FreeCharge
PayPal Holdings and FreeCharge are in the final stages of sealing a deal which will give PayPal a minority stake in FreeCharge, the digital recharge platform.
23 Dec 2016
BigBasketBigBasket looks to expand products and private labels next year
Online grocery platform BigBasket is eyeing further expansion into private labels and introducing a new range of products across its portal.
23 Dec 2016
IndiaRBI rate cut in February unlikely?
Amidst rising expectations of a rate cut in February, the minutes of the monetary policy committee meeting shows otherwise.
22 Dec 2016
IndiaAmazon: Not rattled by Flipkart, Ola protectionist call
A fortnight after Indian start-ups Ola and Flipkart sought government help in battling foreign rivals, Amazon's India chief stated that they were not hindered by the talks.
22 Dec 2016
WhatsAppTop venture capital firms and their successful strategies
With the end of the year nearing, the top three biggest venture capital funds in India have scripted big numbers this year, reports find.
22 Dec 2016
NetflixVideo-on-demand platforms to take a toll on YouTube
The aggressive competition between video-on-demand (VoD) platforms like Netflix, and the newly launched Amazon Prime Video, is set to take a toll on YouTube.
22 Dec 2016
IndiaStaff hiring surges in 2016 with 1,08,000 jobs created
Reports revealed that the year 2015-16 saw a positive note in terms of staff hiring, with nearly 1,08,000 jobs being created during the period.
21 Dec 2016
IndiaDemonetization impacts India's unorganized retail sector
With the onset of demonetization and the popular Goods and Service Tax (GST), the country's unorganized retail sector is being hampered, reports revealed.
20 Dec 2016
IndiaMaking India business-friendly
The government is keen to ensure that India soon ranks among the top 50 countries with respect to doing business.
20 Dec 2016
United States of AmericaSoftBank chief pumps $1 billion into space start-up
SoftBank's chief executive Masayoshi Son has invested $1.2 billion into the satellite broadband start-up OneWeb, according to reports.
20 Dec 2016
IndiaIndia's export outlook projects better days ahead
Despite the gloomy numbers that India's export numbers showed over the last two years, the government sees no hindrance for its growth.
19 Dec 2016
Ratan TataCyrus Mistry resigns from all listed Tata Companies
In a key development, Cyrus Mistry has resigned from six Tata Group Companies.
19 Dec 2016
BusinessKingfisher House, Villa up for re-auction this week
Businessman Vijay Mallya's Kingfisher House in Mumbai and Kingfisher Villa in north Goa will be re-auctioned this week by the 17-lender consortium.
18 Dec 2016
Bloomberg2016: Bitcoins trump all currencies this year
Digital currency bitcoin topped the currency charts in 2016, according to data reported by Bloomberg.
17 Dec 2016
BusinessCyprus removed from India's tax haven blacklist
The Indian government has taken off Cyprus from its list of tax havens, providing relief to investors who faced the brunt end of austere tax measures in Cyprus.
16 Dec 2016
IndiaNSE share sale to happen in April-June quarter
After facing several issues this year, the initial share sale of the National Stock Exchange will take place in the April-June quarter, said chairman Ashok Chawla.
16 Dec 2016
BusinessGeneral Motors to test and build autonomous vehicles
CEO and Chairman of General Motors Mary Barra announced that its autonomous vehicles would be tested on public roads in Michigan.