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25 Jan 2017

Business

Microsoft wins privacy case against US govt

A US court has defended Microsoft's legal right to deny sharing data it has stored overseas, with the US government.

24 Jan 2017

Business

Vijay Mallya case: IDBI chairman, 7 others arrested by CBI

The CBI arrested 8 people including the former chairman and three staffers of IDBI Bank Ltd, and four Kingfisher airlines executives in a money laundering case connected to Vijay Mallya.

24 Jan 2017

India

Budget giveaways uncertain due to demonetization distress

Finance Minister Arun Jaitley is under pressure to offer tax giveaways and increase capital and welfare spending in the upcoming union budget.

23 Jan 2017

India

Uber's food delivery app UberEATS in India soon

Sources stated that Uber would soon make their on-demand food delivery service UberEATS, available in India.

23 Jan 2017

Kishore Biyani

Future Group reassigns executive roles

India's largest retailer, Future Group, has reassigned roles of its top executive members and have also hired a new marketing head in order to push growth.

23 Jan 2017

India

Railway safety fund may be announced in Budget

Sources stated that Rs.1 lakh crore dedicated fund for safety, which was announced a year ago, would have its first installment announced in the 2017 Budget.

23 Jan 2017

Samsung

Faulty batteries caused Note 7 fires: Samsung

Samsung's probe into its Galaxy Note 7 chaos has revealed that the overheating and burning of phones was caused by defective batteries.

23 Jan 2017

Business

Meru adds new services to up competition

In order to better compete with app-based cab hailing services, Meru has introduced new features, including a new range of cab categories.

23 Jan 2017

India

BSE IPO launch today

The Bombay Stock Exchange is set for its IPO today, seeking to raise Rs.1,243.4 crore. Analysts say BSE's valuation is reasonable. It seeks to sell stocks at Rs.805-806 per share in the three-day IPO.

23 Jan 2017

Business

United Spirts Q3 profits surge

Liquor major United Spirits Ltd reported a three-fold rise in profits during Q3 of the FY'16.

22 Jan 2017

ICICI Bank

PhonePe stops UPI payments on Flipkart

Payment services firm PhonePe has issued a temporary halt to all UPI payments on Flipkart's Android application.

22 Jan 2017

Business

Jaguar Land Rover India announces plant in Noida

Jaguar Land Rover India announced the opening of a a 3S facility that caters to sales, service and spare parts in Noida, Uttar Pradesh.

22 Jan 2017

India

MakeMyTrip, ibibo merger cleared by CCI

Documents filed by MakeMyTrip to the US Securities and Exchange Commission show that the Competition Commission of India has approved its acquisition of Ibibo Group.

22 Jan 2017

India

Infosys releases 9000 employees as automation kicks in

Infosys stated that it has released 8000-9000 employees in the last year as it has begun automation of lower-end jobs.

21 Jan 2017

Flipkart

E-commerce sector losses could remonetize economy

E-commerce sector biggies like Flipkart, Snapdeal and Amazon have cumulatively reported an increase of 51% of total losses amounting to Rs.11,754 crore.

21 Jan 2017

South Korea

Apple sues Qualcomm for $1 bn

Apple has filed a $1 billion lawsuit against American chipmaker Qualcomm Inc.

21 Jan 2017

India

Budget'17: Service tax may be hiked to 18%

Sources said that the Centre may raise the service tax from 15% to 18% during the Budget 2017 as a precursor to rolling-out the GST.

Tata's new Chairman Chandrasekaran's litmus test

Chandrasekaran's appointment as group chairman is being keenly watched by industry leaders.

20 Jan 2017

Business

Tesla's autopilot system not faulty: US investigators

A US National Highway Traffic Safety Administration (NHTSA) report released on 19th January found no fault in Tesla's Autopilot system in the deadly May 2016 accident which killed a driver using Tesla's Model S.

20 Jan 2017

ICICI Bank

ICICI-PhonePe tussle: ICICI defies NPCI's directive

After a week-long tussle with Flipkart-owned PhonePe payments app, ICICI Bank has now defied a directive of National Payments Corporation of India (NPCI).

20 Jan 2017

San Francisco

Uber to pay $20mn to "misled" American drivers

Uber has agreed to pay $20 million to settle allegations that it "misled" drivers with false promises on how much they would earn and pay to finance a car.

20 Jan 2017

Bharti Airtel

Telecom spectrum holdings to rise

Telecom secretary J.S. Deepak stated that due to structural changes and consolidation, the telecom spectrum holding for all operators will rise to 40MHz from 18MHz in 2017.

19 Jan 2017

Ratan Tata

National Company Law Tribunal rejects Mistry's plea

The National Company Law Tribunal has dismissed pleas by 2 companies owned by the Mistry family which alleged violations of NCLT directives in removing Mistry from Tata Sons' board.

19 Jan 2017

India

Start-ups may receive tax benefits in Budget 2017

Nirmala Sitharaman, minister of Commerce and Industry indicated that in the upcoming Union Budget, start-ups are likely to receive additional tax-benefits.

18 Jan 2017

India

Gen. Insurance companies to be listed on stock market

At a Cabinet meeting that took place on Wednesday, Finance Minister Arun Jaitley said that 5 general insurance companies were given the go-ahead to be listed on the stock market.

18 Jan 2017

Evan Spiegel

Founders to retain control in Snapchat's IPO

Snapchat's Initial Public Offer will reportedly let its founders retain management control of the company despite of making its shares public.

17 Jan 2017

India

Rolls-Royce to pay $813 million for bribery settlement

UK engineering giant Rolls-Royce, in exchange of avoiding prosecution over bribery charges, is set to pay over $600 million to Britain's Serious Fraud Office (SFO), $170 million to the US Department of Justice, and $25 million to Brazil's Ministério Público Federal.

17 Jan 2017

Business

Practo raises $55 million, bets on Artificial Intelligence

Bangalore-based Practo, which lets consumers search and make appointments with doctors and health care providers raised $55 million in Series-D round led by its existing investor Tencent.

17 Jan 2017

India

BSE IPO at Rs.805-806

BSE has fixed the price range of its IPO at Rs.805-806. It plans to raise at least Rs.1243 crore through the IPO, which will be open from Jan 23-25.

16 Jan 2017

Samsung

Inside source reveals that faulty batteries caused Note 7 explosions

Samsung is set to release the official report of the investigation into the exploding Samsung Galaxy Note 7 phones on 23rd January.

16 Jan 2017

Business

IMF cuts India's growth rate

IMF has cut India's growth rate to 6.6% from the original estimate of 7.6%.

16 Jan 2017

Business

BigBasket and Grofers may be merging

Online grocers BigBasket and Grofers are reportedly in discussions since last November to merge.

16 Jan 2017

Business

Commonfloor founders quit

The three founders of Commonfloor.com, have quit the company, a year after it was acquired by Quikr for $200 million. They said they were "transitioning out to pursue other interests."

15 Jan 2017

NITI Aayog

45 people become lakhpatis under NPCI schemes

The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.

15 Jan 2017

Snapchat

Sony Entertainment CEO to join Snap Inc

Michael Lynton, the CEO of Sony Entertainment has stepped down to become chairman of the board of Snap Inc, owner of Snapchat.

14 Jan 2017

Vietnam

PETA buys share in Louis Vuitton Moet Hennessey

Animal rights activist group PETA has bought shares in French luxury goods company Louis Vuitton Moet Hennessey (LVMH) in a bid to stop it from selling exotic animal skin products.

14 Jan 2017

India

Ambani to invest fresh Rs.30,000 crore in Reliance Jio

Mukesh Ambani announced that he would be pumping in fresh funds- almost Rs.30,000 crore in Reliance Jio, his telecom venture.

14 Jan 2017

KFC

McDonald's to sell 33% stake in Japan

Sources said McDonald's is planning to sell 33% stake in its Japan unit McDonald's Holdings Co Japan Ltd and has begun inviting bids for the same. McDonald's own only 50% of the unit.

13 Jan 2017

India

Apple's plans of setting up a manufacturing plant in India

Apple, the world's most valuable company, is in the process of negotiating terms with India for setting up a manufacturing plant.

13 Jan 2017

Kolkata

Kerala NDA Vice Chairman investor, director at Arnab's venture

Sources said Rajya Sabha member and Kerala NDA vice chairman Rajeev Chandrasekhar has invested over Rs.30 crore in Arnab Goswami's upcoming media venture, Republic.