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18 Apr 2017

India

Vijay Mallya arrested in London, granted bail in 3 hrs

In what is seen as the first-step toward bringing Vijay Mallya to India, reports have indicated that he was arrested by Scotland Yard in London. The Westminster Magistrates' Court granted him bail in 3 hours.

18 Apr 2017

India

Netflix opens up a dialogue on Indian net neutrality debate

After playing a prominent role in the fight for net neutrality in the US, Netflix now weighing in on the same topic in India by making calculated moves on an already controversial issue.

17 Apr 2017

Ratan Tata

NCLT quashes Mistry's waiver petition

Cyrus Mistry's petition that alleged mismanagement and oppression of minority shareholder interests suffered badly as the National Company Law Tribunal declined to grant "waiver to Cyrus Mistry's family firms on the minimum shareholding requirement to petition" against Tata Sons.

18 Apr 2017

Paytm

Paytm Food Wallet to tackle outdated paper-based meal vouchers hiccup

As per RBI, meal paper vouchers given out by firms are not going to be valid after December 31, 2017, and it has to make a digital leap.

17 Apr 2017

North Korea

Gold hits five-month high riding on troubled waters

Gold soared to a five-month high as investors are veering towards assets that will not dwindle in face of rising global tensions.

17 Apr 2017

India

Hike to add payments mechanism with UPI integration

Sources confirmed that Hike Messenger is all set to roll out a payment mechanism on the app which will be the first in India to be integrated with the government's UPI interface.

17 Apr 2017

India

Sahara case: SC orders auction of Aamby Valley

The Supreme court has ordered the auction of Sahara Group's Aamby Valley property over the company's failure to deposit Rs. 5092 crore to reimburse investors in the company.

17 Apr 2017

India

Union Bank's July 2016 crisis - $171mn hacked

In July'16, Union Bank of India faced a major crisis - hackers had swindled $171mn (Rs. 1,100cr) from its Nostro account (a bank's account holding foreign currency in another bank).

17 Apr 2017

India

Patanjali enters food industry with new restaurant in Chandigarh

Baba Ramdev's Patanjali Ayurveda has ventured into the food market by launching its first restaurant in Chandigarh.

16 Apr 2017

India

Snapdeal gets two fatal blows among acquisition talks

Amidst acquisition talks, Snapdeal gets hit with two more devastating incidents that could potentially cripple the already faltering home-grown e-commerce giant.

16 Apr 2017

Uber

Uber shares financially upward trajectory to cover failures

Uber is a privately held company and is therefore not legally required to share its financial credentials with the public or anyone else for that matter.

16 Apr 2017

India

Visa, Mastercard grow wary of UPI, BHIM popularity

Visa, Mastercard have now resorted to lobbying their case in order to make sure that they do not lose out in the wake of a cashless economy in India to apps like UPI and BHIM.

15 Apr 2017

India

Snapchat not for poor countries like India, Spain: Evan Spiegel

An ex Snapchat employee revealed that Snapchat's CEO Evan Spiegel had once commented that the app was for 'rich people' and that he wasn't interested in expanding to 'poor countries' like Spain and India.

15 Apr 2017

India

ASCI guidelines to prevent companies from making exaggerated claims

Advertising Standards Council of India (ASCI) in a welcome move has issued a series of guidelines to finally prevent the exaggerated claims made by the companies in their ads.

15 Apr 2017

Uber

Uber spied on rival Lyft's drivers

In fresh trouble for Uber, it was revealed that the company secretly tracked rival Lyft's drivers through a programme called 'Hell'.

15 Apr 2017

LinkedIn

Tech, consultancies again emerge as America's top paying companies

Tech companies and consultancies have once again emerged as employers offering highest median salaries in the US.

14 Apr 2017

Facebook

Airbnb to work on app security after hijackers burgle homes

Three people were robbed as hijackers hacked into verified accounts and, under false pretence burgled the properties of those people, who had listed it on Airbnb.

14 Apr 2017

Tencent

Tesla's new electric lorry coming up in September

Tesla chief Elon Musk has announced that the company will unveil an electric lorry five months later, in September.

14 Apr 2017

India

Shell cos: ED raids CA, CS offices who provided cover

The ED has launched raids on offices of professionals including CAs and CSs in Delhi, who are suspected to have provided legitimate cover to shell companies. Notices were sent earlier.

14 Apr 2017

India

Reliance Jio says telcos are employing deception to retain users

It appears that the tiff between Reliance Jio and rival telcos is only going to get worse with time.

14 Apr 2017

India

Ola raises Rs. 1,675cr from SoftBank in down round

Ola has raised Rs. 1,675cr in fresh funding from Japanese telecom giant SoftBank Corp in its down round, which was closed last December.

14 Apr 2017

Delhi Police

Unitech duped customers of Rs. 600cr with illegal FD scheme

It has come to light that Unitech ran a fixed deposit scheme in 2012 without approval, promising 55,000 customers 12% returns, and raised Rs. 600cr.

13 Apr 2017

Infosys

Infosys gets reality check, it's time to buckle up

Infosys Q4 results are out and its lacklustre numbers are a reflection of how the firm is handling itself at the moment.

14 Apr 2017

India

SBI merger: HC halts plans over subsidiary officers' concerns

Putting a halt on SBI's palnned merger with five subsidiary banks, Hyderabad HC directed it not to decide on options suggested by subsidiary officers till June 15.

14 Apr 2017

India

Henry Kravis' tryst with Indian investment scenario

Investment firm KKR's co-founder Henry Kravis will go down in history of investments with two words that remain highlighted in his career- "Leveraged buyout" and "go-go '80s"

14 Apr 2017

India

Is Bankruptcy Code the much-needed fix for bad loans?

India's insolvency problem with private and public sectors' NPAs is running a tab of Rs. 6 lakh crore.

14 Apr 2017

India

AIF threshold ceiling to be lowered for bolstering start-ups

Narayana Murthy-led SEBI committee is set to propose lowering of investment threshold limit when it comes to Alternative Investment Funding (AIFs).

13 Apr 2017

India

GST: Service Tax may move to 18%; services more expensive

Services sector under the Goods and Services regime is likely to attract a higher tax rate of 18% making services slightly expensive, said Revenue Secretary Hasmukh Adhia.

13 Apr 2017

Bharti Airtel

Airtel launches internet-based set top box in India

Bharti Airtel in a bid to increase its subscriber base and bolster revenue has now come up with an internet-based set-top box powered by Google's Android TV operating system.

13 Apr 2017

India

GST: President Mukherjee approves four key legislations

President Pranab Mukherjee has cleared the Goods and Services Tax bill and four supporting legislations related to it.

13 Apr 2017

India

Headline inflation is up, but don't expect rate hike soon

While RBI withheld its decision to revise the policy rate due to impending Monsoon, headline inflation swelled up to a 5 month high, failing to contain rising fuel prices.

13 Apr 2017

India

Amazon India receives RBI approval for digital wallet service

Amazon India has received a payment license from the Reserve Bank of India (RBI) allowing it to offer a digital wallet service to its users.

13 Apr 2017

Infosys

Infosys Q4 results report 2.83% fall in net profits

Infosys reported a 2.83% fall in consolidated net profit managing Rs. 3,603 crore in January-March quarter.

13 Apr 2017

Ratan Tata

Indian lingerie start-up Clovia raises $4m in funding

Indian lingerie start-up Clovia has managed to secure a whopping $4m in a post-Series A funding round.

13 Apr 2017

San Francisco

Lyft raises $600 million: How much is it worth now?

San Francisco-based ride-services firm Lyft has raised $600mn in a fresh funding round, fuelling the company's growth.

13 Apr 2017

Europe

IMAX partners with AMC to solidify European presence

IMAX, the premium movie theatre company, has recently struck a deal with the biggest movie operator in Europe, AMC.

12 Apr 2017

India

Petrol, diesel prices to change every day from May 1

From May 1 petrol and diesel prices in five Indian cities will change every day to synchronize them with international rates.

12 Apr 2017

Uber

Uber: Head of communications of embattled company resigns

In a setback to embattled Uber, its Head of Communications Rachel Whetstone announced her departure from the company. No reason was quoted.

12 Apr 2017

India

India: Passenger vehicles reach 3 million mark

Passenger vehicle segment saw a 9.23% growth by managing to sell 30,46,727 units in FY 2017-18.

12 Apr 2017

Tamil Nadu

Stay on drawing of river water for PepsiCo, Coca Cola

PepsiCo and Coca Cola have been restrained from drawing water from Tamirabharani River till April 30 due to acute water shortage.