Business News
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11 Feb 2016
BusinessUAE offers free crude for Mangalore oil reserves
UAE's oil major ADNOC, has offered India two-thirds of oil imports for free if India agrees to store ADNOC's oil in its strategic reserve at Mangalore, Karnataka.
10 Feb 2016
BusinessTAM to stop giving TV ratings
TAM Media Research will stop giving TV ratings from 29 Feb'16.
8 Feb 2016
BusinessDisinvestment target maybe missed for 6th straight year
With equity markets down by about 13% since the start of the fiscal year 2015-16, the government is likely to miss the disinvestment target for FY 2015-16.
6 Feb 2016
BusinessQuick Heal raises Rs.133.9 crore before IPO launch
Quick Heal Technologies, the software provider raised Rs.133.9 crore by issuance of shares to anchor investors such as BNP Paribas Advantage.
4 Feb 2016
BusinessFacebook turns 12!
Social networking giant Facebook marked its 12th birthday with 1.5 billion active users on the platform.
3 Feb 2016
BusinessSesame Street launches venture fund
Collaborative Fund and Sesame Workshop, the non-profit parent organization of children's TV show Sesame Street, announced that they have launched a venture capital arm called Sesame Ventures.
2 Feb 2016
BusinessAlphabet trumps Apple as world's most valuable company
Google's parent company Alphabet overtook Apple as the most valued company after its strong quarterly earnings report surpassed expectations and sent its shares soaring by 6.4% in after-hours trading.
1 Feb 2016
BusinessManufacturing PMI touches a 4 month high
Nikkei's Manufacturing Purchasing Managers' Index (PMI) in India has rebounded to a 4 month high of 51.1 in Jan'16 after reporting a 28 month low of 49.1 in Dec'15.
31 Jan 2016
BusinessIndia producing 100 million phones
Telecom Minister Ravi Shankar Prasad announced that India's mobile phone production has increased to 100 million mobile sets per year in 2015 from 68 million in 2014.
29 Jan 2016
BusinessCompany-owned stores on the anvil for Lenovo India
Chinese computer technology giant Lenovo, has announced plans to open company-owned stores in India.
29 Jan 2016
BusinessIndia now among 10 largest nations in IMF
India and China have now come in the league of the 10 largest nations in the IMF, after the IMF quota reforms were ratified by the US Congress.
28 Jan 2016
BusinessChinese investors betting big on India
India will witness big investments from China as Chinese companies plan to invest $5-10 billion in India in the next few years.
27 Jan 2016
BusinessRatan Tata invests in tea startup- TeaBox
TeaBox, the online tea retail startup, has raised an undisclosed amount in funding from Ratan Tata, former chief of the Tata Group.
27 Jan 2016
BusinessA new PPP model for road development
The government has approved the new Hybrid Annuity Model (HAM) for road projects, to accelerate highway construction in the country.
27 Jan 2016
BusinessDisney, consulting companies sued over H-1B row
Two of Disney's former employees Leo Perrero and Dena Moore filed lawsuits against Disney, Cognizant and HCL Inc.
27 Jan 2016
BusinessNational Investment Grid to boost investment
The government may embark on a new National Investment Grid to give a push to investment in the country.
26 Jan 2016
BusinessWorld's largest oil refinery to be built by Indian PSUs
Indian Oil, Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Engineers India Ltd., will build a mega refinery with a cumulative capacity of 60 million metric tones per annum.
26 Jan 2016
BusinessCoke launches dairy drinks in India
Coca-Cola entered the value-added dairy drinks segment in India with its flavoured milk product brand Vio.
25 Jan 2016
BusinessSAIC motor of China to buy GM India's plant
SAIC Motors, a Chinese auto-major is planning to purchase General Motors India's (GMI) Halol manufacturing unit located in Gujarat.
25 Jan 2016
BusinessGovt modifies gold monetization scheme to make it attractive
The government has refined the gold monetization scheme to make it more attractive and customer friendly.
24 Jan 2016
BusinessQuickr and Snapdeal launch vernacular language support
With small towns poised to become the biggest e-commerce markets, e-classifieds firm Quickr launched 7 regional language interfaces for users to choose from.
24 Jan 2016
BusinessBudget boost likely for industrial corridor projects
The Department of Industrial Policy and Promotion has asked the Finance Ministry to increase the outlay for industrial corridors for the coming financial year 2016-17 to Rs.3000cr from the existing Rs.1200cr.
23 Jan 2016
BusinessIndia bounces back to glory at WEF
The optimistic stint at World Economic Forum brought India back to its glorious position, among the economic gloom, resurrecting confidence among Indian business and political leaders.
23 Jan 2016
BusinessWanda Group signs billion-dollar deal with Haryana
Haryana State Industrial and Infrastructure Development Corporation signed an MoU with Dalian Wanda Group for the development of a world-class industrial park in Sonepat, Haryana.
22 Jan 2016
BusinessRupee may touch 70/$ mark
If analysts are to be believed, the Indian rupee could soon touch the Rs.70 per $ mark.
20 Jan 2016
Indian GovernmentGovt to reduce tax disputes by 50%
In a bid to make taxation policies people friendly, the government is working on reducing the number of pending tax disputes by half.
18 Jan 2016
BusinessMUDRA bank not to regulate MFIs
Government has said that the MUDRA (Micro Unit Development and Refinance Agency) Bank will not act as regulator for Micro Finance Institutions (MFIs)
15 Jan 2016
BusinessShopClues bags a whopping $1 billion valuation
E-commerce giant ShopClues raised close to $150 million from Singaporean sovereign-wealth fund GIC Pte Ltd, propelling it into the ranks of the Indian unicorn companies.
14 Jan 2016
BusinessIndia-China trade deficit rises to $45 billion
The trade deficit between India and China has risen to $45 billion for 2015.
13 Jan 2016
BusinessBaidu plans to buy stakes in Indian start-ups
Baidu, the Chinese internet search giant, is looking to enter the Indian market and is in talks with Zomato, Bookmyshow and Big Basket to purchase 'strategic stakes' in them.
11 Jan 2016
BusinessBinny Bansal: The next CEO of Flipkart
Flipkart's Chief Executive Sachin Bansal announced that he will be stepping down from his role, and the company's co-founder Binny Bansal will take his place.
11 Jan 2016
BusinessRs.4000 crore to be invested to upgrade Paradip refinery
Indian Oil will upgrade its Paradip Refinery to meet the Euro VI norms to be adopted by the country from 2020.
10 Jan 2016
BusinessCII Partnership Summit off to a flying start
At the inauguration of the 22nd CII Partnership Summit, Finance Minister Arun Jaitley announced a new programme called "Stand Up India" wherein every branch of every bank, public or private sector, will have to fund one SC/ST and one woman entrepreneur.
9 Jan 2016
BusinessCommercial coal mining to re-open to private firms
Government is set to reopen commercial coal mining to private companies for the first time in 40 years, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.
7 Jan 2016
BusinessGovt mulls selling stake in Axis Bank
Sources state that the Indian government is considering selling part of its stake in the nation's third-biggest private sector lender, Axis Bank.
5 Jan 2016
BusinessNokia Gains gets control of Alcatel-Lucent
Nokia gained the complete control of its French counterpart Alcatel-Lucent following its 15.6-billion ($17 billion) all-share offer.
1 Jan 2016
BusinessHMT plant reopens for making last batch of watches
Hindustan Machine Tools ( HMT) is resuming operations at its Haldwani plant, shut since two years, to make its last batch of 5500 watches.
29 Dec 2015
BusinessIndian firm sued for pirated software in California
An Indian textile firm in California has been ordered to pay $100,000 by California Attorney General Kamala Harris as penalty for using pirated computer software.
25 Dec 2015
BusinessHC approves Max India's demerger
Max India announced that it had got HC of Punjab and Haryana's approval for 'restructuring' and for the company's demerger into 3 distributed entities.
23 Dec 2015
BusinessWipro to acquire Viteos group for $130 mn
Wipro announced that it has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of $130 million.
