Business News | Page 162
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13 Jan 2017
IndiaMaruti Suzuki launches Ignis hatchback
Maruti Suzuki India Ltd has lunched the Ignis hatchback, first showcased at the 2016 Auto Expo, priced at Rs.4.59 lakh.
13 Jan 2017
BusinessSpiceJet to buy 205 Boeing aircraft
SpiceJet has announced that it will purchase up to 205 aircraft from Boeing in a deal worth $22 billion.
13 Jan 2017
Tata Consultancy Services (TCS)Infosys, TCS profits up in Q3
TCS registered a 0.3% rise in dollar revenue ($4.39 billion) while its net profit rose 1.6% to touch the $1 billion in Q3 of the current fiscal.
13 Jan 2017
West BengalRose Valley scam: TMC's Sudip Bandopadhyay sent to jail
The TMC's Lok Sabha MP Sudip Bandopadhyay was sent to jail by a CBI court.
13 Jan 2017
Alfa RomeoChrysler cheats on emission: Hides regulator from EPA
The Environmental Protection Agency accused Fiat Chrysler of violating Clean Air Act by purportedly installing and slipping to reveal software in almost 104,000 cars and trucks that reconstructs emissions.
13 Jan 2017
BusinessBiocon up 3% as USFDA accepts biosimilar application
Pharama major Biocon Limited traded 3% higher, after the USFDA accepted the company's proposal for biosimilar trastuzumab, used to treat HER2-positive breast cancers.
12 Jan 2017
Tata Consultancy Services (TCS)A look back at the career of Natarajan Chandrasekaran
Following the ouster of Cyrus Mistry as the chairman of Tata Sons on 24th October 2016, Natarajan Chandrasekaran was appointed as the chairman of the $103 billion Tata group today, bringing an end to an 80 day-long saga.
12 Jan 2017
Ratan TataNatarajan Chandrasekaran appointed as new Tata Sons chairman
N.Chandrasekaran, the CEO and managing director of TCS has been appointed the new chairman of Tata Sons. He took over as TCS CEO in 2009.
12 Jan 2017
Bharti AirtelJaitley launches Airtel payment bank
On 12th Jan, Finance Minister Arun Jaitley launched the Airtel Payment bank; the bank was till now running as pilot projects in four states.
12 Jan 2017
Sushma SwarajAmazon drops Indian flag doormats
Amazon has discontinued selling doormats designed like the Indian flag after External Affairs Minister Sushma Swaraj took to Twitter demanding an apology from the company.
11 Jan 2017
Sushma SwarajSushma Swaraj asks Amazon to apologize for disrespecting Indian flag
External Affairs Minister Sushma Swaraj sought an unconditional apology from Amazon for selling doormats featuring Indian flag.
11 Jan 2017
VolkswagenVolkswagen: $4.3 billion settlement in US emissions case
Volkswagen confirmed that the company came to a $4.3 billion settlement with US authorities over the emissions scandal; the company said it would plead guilty to criminal misconduct.
11 Jan 2017
Business3 Flipkart executives quit after CEO change
A day after Flipkart made an announcement that Kalyan Krishnamurthy will be the CEO of the main horizontal commerce unit, 3 executives quit.
11 Jan 2017
IndiaDoordarshan, AIR could be made corporate
Prime Minister Modi's top panel of secretaries have recommended to him to make public broadcasters Doordarshan (DD) and All India Radio (AIR) corporate entities.
11 Jan 2017
BusinessBain Capital in the running for Fortis stake
Sources stated that global private equity fund Bain capital has begun negotiations to acquire a minority stake in Fortis Healthcare Ltd.
10 Jan 2017
IndiaBSE IPO to be priced at Rs.800-850 per share
Sources stated that BSE is likely to sell its shares at Rs.800-850 per share once its IPO hits the markets in one to two months.
10 Jan 2017
IndiaBSE's international exchange launched by PM Modi
'India International Exchange' or 'India INX', a wholly-owned subsidiary of BSE, was inaugurated by PM Modi yesterday.
10 Jan 2017
Alibaba GroupYahoo to become Altaba, Marissa Mayer to leave board
Yahoo said that the company would be renamed as Altaba Inc, and CEO Marissa Mayer may quit the board after concluding the Verizon deal.
10 Jan 2017
BusinessPropTiger buys Housing.com
Real Estate portal PropTiger has bought Housing.com in an all-stock deal, valued at about $70-$75 million; Housing.com's CEO Jason Kothari has quit with immediate effect.
09 Jan 2017
BusinessFlipkart announces new CEO
Kalyan Krishnamurthy, Flipkart's head of commerce, has now been appointed CEO in place of Binny Bansal.
09 Jan 2017
KFCMcDonald's to sell businesses in China and Hong Kong
McDonald's, the American fast-food giant, has agreed to sell a controlling stake in its businesses in China and Hong Kong.
09 Jan 2017
BusinessAlibaba Pictures to buy TicketNew?
Alibaba Pictures, the movie and TV content arm of Alibaba is reportedly in talks with Chennai based Orbgen Technologies Pvt. Ltd, which runs ticket booking service TicketNew for an acquisition.
09 Jan 2017
India35% job losses, 50% revenue dip due to demonetization: Study
A study conducted by All India Manufacturer's Organization (AIMO) concluded that in the first 34 days since demonetization, micro-small scale industries suffered 35% job losses and a 50% revenue dip.
08 Jan 2017
BusinessSpiceJet to buy 92 Boeing 737s
Sources said SpiceJet is in the process of ordering 92 Boeing 737s as a part of its expansion in India.
07 Jan 2017
BusinessSupertech fails to deposit Rs.10 crore due to demonetization
The Supreme Court had directed real estate giant Supertech Ltd to deposit Rs.10 crore by 3rd January 2017 in a legal battle to protect their 'Emerald Court' project in Noida.
07 Jan 2017
Donald TrumpHow robots threaten Trump's Ford plant victory
Ford's $700 million investment in its Michigan factory will help create 700 jobs.
06 Jan 2017
IndiaFlipkart in talks with Google for funds
Sources said Flipkart is in talks with Google to secure its next round of funding; talks with Walmart have also not collapsed yet according to insiders.
06 Jan 2017
KolkataTrump discontinues numerous real estate projects
According to reports, US President-elect Donald Trump has cut ties with realty projects in several countries including India.
05 Jan 2017
IndiaNo more PoS transaction fees for small merchants: SBI
Merchants with an annual turnover of less that Rs.20 lakh will be exempt from paying PoS transaction fees according to SBI; Arundhati Bhattacharya, chairman of SBI said the move aimed to boost cashless payments.
04 Jan 2017
IndiaSC: Make defaulters list public
The Supreme Court asked the Centre to make public the list of corporate defaulters who owe banks Rs.500 crore or more; the list will be made public in 4 weeks.
04 Jan 2017
IndiaDemonetization led to reduction in manufacturing
The manufacturing sector fell into contraction in December 2016 for the first time in the whole year.
03 Jan 2017
Bharti AirtelPaytm launches its Payments Bank
Since demonetization was announced on November 8, use of Paytm soared and it began to be adopted by small and big retailers in urban/rural areas.
03 Jan 2017
All India Institute Of Medical Sciences (AIIMS)AIIMS to use MobiKwik for cashless payments
All India Institute of Medical Sciences, Delhi has partnered with MobiKwik to enable digital payments for staff and patients using the mobile wallet.
03 Jan 2017
West BengalSudip Bandyopadhyay arrested in Rose Valley scam
Trinamool Congress Lok Sabha MP Sudip Bandyopadhyay was arrested on Tuesday by the Central Bureau of Investigation (CBI) for his alleged involvement in the Rs.15,000 crore Rose Valley chit fund scam.
03 Jan 2017
TwitterTwitter's Chinese head resigns
After seven months of being in charge, Kathy Chen, head of Twitter's China operations has left the firm.
03 Jan 2017
BusinessAir India to expand fleet, operations in 2017
Air India chief Ashwani Lohani said the company plans to add 35 new planes to its fleet this year as part of the company's "consolidation and expansion" plan.
02 Jan 2017
Narendra Modi"Affordable" housing for all: Banks cut lending rates
Following PM Narendra Modi's affordable housing announcement, home loan rates fell to their lowest in six years.
02 Jan 2017
West BengalTapas Pal names Babul Supriyo in Rose Valley scam
On Sunday, Trinamool Congress MP Tapas Pal accused Babul Supriyo of dragging him into the Rose Valley scam.
02 Jan 2017
IndiaPatanjali disrupts FMCG sector in 2016
An ASSOCHAM-TechSci research report stated that Patanjali Ayurved has been the biggest disruptive force in India's FMCG sector in 2016; the report said Patanjali posted "annual growth of 146% in fiscal year 2016 grossing a turnover of $769 million."
02 Jan 2017
IndiaGST roll-out likely to be postponed to June 1
With an unproductive Winter Session of Parliament, sources said it is now likely that the GST will be rolled out from 1 June; delays due to opposition protests after the demonetization scheme are to be blamed.