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18 Apr 2017India
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 2017India
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 2017Ratan 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 2017Paytm
Paytm Food Wallet to tackle outdated paper-based meal vouchers hiccup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 2017North 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.
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.
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.
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).
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 2017India
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 2017Uber
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 2017India
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 2017India
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 2017India
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 2017Uber
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 2017LinkedIn
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 2017Facebook
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 2017Tencent
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.
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.
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.
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 2017Delhi 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 2017Infosys
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.
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.
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"
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.
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).
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 2017Bharti 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.
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.
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.
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 2017Infosys
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 2017Ratan 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 2017San 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 2017Europe
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 2017India
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 2017Uber
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 2017India
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 2017Tamil 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.