Business News | Page 150
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27 Apr 2017
IndiaOYO Rooms acquires $250 million from SoftBank, others
According to a media report, OYO Rooms, a budget hotels marketplace operated by Oravel Stays Pvt. Ltd closed a $250 million fundraising round led by existing investor SoftBank Group.
27 Apr 2017
Fashion TipsFrench billionaire's bid: LVMH moves to buy Dior
Marking an iconic moment in fashion history, French billionaire and head of Moet Hennessey Louis Vuitton SE (LVMH), Bernard Arnault made a 10 billion euro offer to buy Christian Dior, with the effect of combining Dior and LVMH under the same umbrella.
26 Apr 2017
IndiaAwfis Space Solutions gets $20 million from Sequoia Capital
A very brief definition of Awfis can probably be that it is a start-up that provides work-spaces for start-ups.
26 Apr 2017
Coca-ColaCoca-Cola to sack 1,200 employees as sales fizzle out
Warren Buffett, who has professed his love for Coke and is the largest shareholder of the company may need to rethink his drinking choices as well as investment acumen as the firm is now sacking people to remain profitable.
26 Apr 2017
IndiaHUL vs Amul, new wine in old bottle
Amul and Hindustan Unilever Ltd are currently embroiled in a legal battle over the charges of 'disparaging others' products in an ad, initiated by HUL.
26 Apr 2017
Alibaba GroupYahoo-Verizon deal: Marissa Meyer to make $184mn from sale
Yahoo's sale to Verizon will bring its chief Marissa Meyer $184mn- a combination of various payments including shares already owned, cash payments and medical benefits, and outstanding share options.
26 Apr 2017
H-1B VisaWipro Q4 numbers show decent gains, steady pace
The IT industry's growth trajectory, as reflected by Q4 results of TCS and Infosys, has been an uninspiring one.
25 Apr 2017
FlipkartGet rid of bosses to create an equal working environment
A new kind of organizational structure, dubbed Decentralized Autonomous Organization, aims to revolutionize the way companies work.
25 Apr 2017
FlipkartCash-strapped Snapdeal vacates 60% of Gurgaon office space
In yet another sign of a severe cash-crunch, Snapdeal is vacating 60% of its Gurgaon office-space after mass layoffs in February.
25 Apr 2017
Supreme Court Of IndiaUS Court declines General Motor's plea to avoid ignition-switch lawsuits
The apex court of USA has declined General Motors' plea to avoid lawsuits that stemmed from the firm's infamous ignition switch defects and subsequent recalls.
25 Apr 2017
IndiaFlipkart to replace CEO for a day
Flipkart is planning to replace its CEO for one day, to give an employee the opportunity to see how it feels to run the company. It is a part of the company's 10th anniversary celebration.
25 Apr 2017
IndiaH-1B: Infosys, TCS received just 8.8% visas, says NASSCOM
After a US official accused Infosys and TCS of unfairly obtaining majority of the H-1B visas, NASSCOM stated that the two companies had received only 8.8% of the total number of visas issued in FY2015.
25 Apr 2017
FlipkartFlipkart offers massive discounts on Apple Days Sale
Flipkart is offering massive discounts on Apple products as the Apple Days sale has begun.
25 Apr 2017
Bharti AirtelReliance Q4 results quash estimates and soar high
Dhirubhai once said, "Meeting the deadlines is not good enough, beating the deadlines is my expectation."
24 Apr 2017
IndiaSEBI to introduce new measures, to tighten grip on black-money
SEBI is aiming to take a series of stringent measures to ensure black money flow via P-Notes are eliminated. It also aims to introduce several reform measures to smoothen current hiccups.
24 Apr 2017
PatanjaliDefence canteens stop selling Ramdev's Amla juice
After the Central Food Lab in Kolkata issued an adverse report about the Patanjali amla juice, the Ministry of Defence's Canteen Stores Department discontinued sales of the product.
24 Apr 2017
IndiaTCS, Infosys, Cognizant are violating H-1B visa rules, says USA
In a White House press briefing, a senior official under Trump administration said that Indian tech giants TCS, Infosys and Cognizant are flouting H-1B visa rules.
24 Apr 2017
Ratan TataTribunal says Mistry makes no case against Tatas
The National Company Law Tribunal stated that petitions filed by shareholders linked to Cyrus Mistry, have made no case against the Tata group.
23 Apr 2017
VolkswagenVolkswagen gets 3 years probation, $2.8 billion fine
A federal judge sentenced Volkswagen AG to be under independent oversight for 3 years. The judge also approved a $2.8 billion criminal fine as part of the sentencing.
23 Apr 2017
IndiaMicrosoft rehashes leave policy keeping fathers in mind
Microsoft India, in a welcoming change, has extended the time period of their paternity leave allocated to the male employees and has also introduced a family caregiver policy.
23 Apr 2017
IndiaIndia - Top remittance-receiver with $62.7bn inflows: World Bank report
India retained the top spot among remittance-receiving countries despite a significant 8.9% drop in remittances in 2016.
22 Apr 2017
BrexitYour dream British supercar just got cheaper, thanks to Brexit
Fancy a Rolls-Royce Ghost? Well there's good news. The ultra-luxury car's price has dropped from Rs. 5.25 crore to Rs. 4.75 crore, all thanks to the Brexit.
22 Apr 2017
New ZealandMore time for regulators to probe Sky-21st Century Fox deal
The British government has extended the deadline for authorities to examine the proposed takeover of broadcaster Sky by 21st Century Fox, due to the upcoming general elections in June. Instead of May, they now have to submit a report by June 20.
22 Apr 2017
IndiaSales of the iconic Barbie drop in first 2017 quarter
Sales of Barbie dropped in the first quarter of 2017 for the second consecutive quarter, this time down by 13%.
21 Apr 2017
Electric VehiclesElectric carmaker Tesla recalls 53,000 cars over parking brake issue
US electric automobile manufacturer Tesla has issued a global-recall for some of its Model S and Model X vehicles to fix a parking brake issue.
21 Apr 2017
IndiaWipro Layoffs: Tech major sacks 600 employees across India
At a time when Indian IT sector is facing hardships, India's third-largest software services firm Wipro has reportedly sacked hundreds of employees.
21 Apr 2017
IndiaUber's new enterprise-ready service
Uber has launched a brand new feature to its services dubbed as 'Uber Central' which the firm claims will be beneficial for business enterprises or organizations.
21 Apr 2017
IndiaFormer Infosys CFO fights for salary dues
Infosys's former CFO Rajiv Bansal invoked his rights to an arbitral tribunal to fight for his salary dues from the company.
20 Apr 2017
IndiaSoftBank's tryst with India's start-up scenario
SoftBank may have tasted failure with Snapdeal but it still believes in making a profit with its Indian investments.
20 Apr 2017
BMWBMW workers strike: Mini car production halted
In a row over pensions, workers at 3 BMW plants in the UK are on strike, leading to a stall in the production of Minis.
19 Apr 2017
IndiaTCS Q4 results, profit, revenue and earnings
Tata Consultancy Services Ltd reported financial results for the quarter, that ended on March 31, 2017. It was a tad bit lower than what the analysts had projected for the company.
19 Apr 2017
FacebookFacebook showcases its next big leap at F8 meet
Two billion users of Facebook are to witness yet another developed version of the social media platform following the annual developers' meet at San Jose.
19 Apr 2017
TencentBigBasket engages Grofers in merger talks eyeing SoftBank funding
According to sources, BigBasket has opened up a dialogue with its comparatively smaller rival Grofers for a possible merger.
19 Apr 2017
IndiaReliance Jio responds to TRAI net neutrality queries
Indian Telecom regulator TRAI is currently mulling on what should be the exact status of net neutrality in India.
19 Apr 2017
PaytmSoftBank considering $1.5bn investment in Paytm?
Paytm is reportedly in talks with Japan's SoftBank for a deal that could bring in $1.2-1.5bn capital; it could take its valuation to $7-9bn from $6bn in March.
19 Apr 2017
IndiaElectric Vehicles: Nissan Leaf trial runs to commence this year
Nissan Motor Co. is exploring the opportunities of electric-vehicles in India, as Nissan India Operations head, Guillaume Sicard noted, "We will start a pilot project involving the Nissan Leaf this year, which will help us in assessing the viability of electric vehicles (EV)."
19 Apr 2017
IndiaGovernment aims to raise Rs.72,500cr from disinvestment plan for 2017-18
The government kick-started the process of selling minority stake in seven PSUs, including blue-chips like Indian Oil Corporation and Steel Authority of India.
18 Apr 2017
AndroidGoogle may be sued for Nexus 6P bug
Google's fight with Uber may need to take a back seat owing to the fact that the company now might face a class-action lawsuit because of its flagship device, Nexus 6P.
19 Apr 2017
Mukesh AmbaniJio to offer Air Asia ticket discounts for users
Between June 20 to September 30, Reliance Jio users will be able to secure a 15% discount on flight tickets on Air Asia booked through the Air Asia app.
18 Apr 2017
IndiaNDTV to sell some of its strategic assets
New Delhi Television or NDTV Ltd has notified BSE and NSE as per the Company's Code of Conduct for Prevention of Insider Trading, that it would close its trading window as it has convened a board-meeting to discuss the potential sale of some of its strategic assets.