Business News | Page 184

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23 Nov 2015

Business

From rags to riches: Scam makes Directors of hawkers

In a shocking discovery in the 'bank hawala scam', the Enforcement Directorate revealed that 59 low-income people had been transformed into pseudo-entrepreneurs in the Rs.6,172 crore money laundering Bank of Baroda scandal.

23 Nov 2015

Business

Gold scheme pegged too high to find success

Indian government's Gold Bond Scheme did not initiate much response with the banks having managed to collect a small Rs.150 crores (from the 400gms gold collected) under the initiative.

21 Nov 2015

Business

Mallya declared 'wilful defaulter' by SBI

State Bank of India- Kingfisher airline's biggest lender has announced the carrier, its benefactor Vijay Mallya and United Breweries Holdings as "wilful defaulters."

21 Nov 2015

Business

Delhi-HC holds order against e-commerce giants; orders probe

The Delhi High Court declined from passing any interim order against the 21 e-commerce firms, like Snapdeal, Jabong and Myntra over accusations that they infringed on India's foreign direct investment rules.

20 Nov 2015

Business

Ola partners with MapmyIndia for better navigation

Ola announced its partnership with MapmyIndia by acquiring a multi-year licence.

20 Nov 2015

Business

7th Pay Commission gives its recommendations

The 7th Pay Commission led by Justice AK Mathur submitted its report to FM.

19 Nov 2015

Business

Bond trading disrupted due to RBI staff protest

Bond trading was hit on November 18 as investors and traders stayed away from the market.

18 Nov 2015

Business

CCI imposes fine on Jet, SpiceJet, IndiGo

In a bid to clamp down on cartelisation over fixing fuel surcharge on air cargo, Competition Commission of India (CCI) imposed penalties worth Rs.258 crore on three airlines.

18 Nov 2015

India

Ola reaches $5 billion valuation with fresh $500 million

Ola has raised $500 million in funding and is now valued at $5 billion.

17 Nov 2015

Business

FreeCharge to invest Rs.2000 crore on promotion, cashbacks

FreeCharge would invest Rs.2000 crore on promotions and cashbacks over 18 months to attract more customers.

17 Nov 2015

Business

7th Pay Commission to submit report

The 7th Pay Commission, after concluding its final round of discussions, is set to submit its report to Finance Minister Arun Jaitley on 19 November.

17 Nov 2015

Business

Oil & Gas auction to become reality by 2016

Oil Minister Dharmendra Pradhan said that the government hopes to conclude the new policy for the sale of oil and gas blocks by FY 2016.

17 Nov 2015

Business

FSSAI moves to SC against Maggi

The Food Safety and Standards Authority of India (FSSAI) approached the SC against the lifting of Maggi ban by Bombay HC.

16 Nov 2015

Business

Flipkart sells ESOP stake to check attrition

In order to stop attrition amongst its worker base, Flipkart- the online eCommerce marketplace, sold a minimal stake of its ESOP to few high net worth individuals (HNIs) for approximately Rs.180-240 crore.

16 Nov 2015

Business

New H1B visa bill to hurt IT firms

The new US visa bill would have serious implications on the Indian IT sector.

14 Nov 2015

Business

Indiabulls buys 39.76% stake in OakNorth Bank

Mumbai-based Indiabulls Group has bought a 39.76% stake in UK-based OakNorth Bank, a lender to small businesses and enterprises.

11 Nov 2015

Business

SRK questioned for 4 hours in forex case

The Enforcement Directorate (ED) questioned Shah Rukh Khan for 4 hours regarding a violation of the Foreign Exchange Management Act (FEMA).

10 Nov 2015

Business

Government announces major FDI reforms

The Central government announced major policy changes aimed at easing restrictions for foreign direct investment (FDI) in India.

10 Nov 2015

Business

Flipkart re-introduces its mobile website

Taking a U-turn on its app strategy, Flipkart has decided to reintroduce its mobile web option named as Flipkart Lite.

9 Nov 2015

Business

Boeing and Tata come together for AH-64 Apache

Tata Advanced Systems and US aviation major Boeing announced their joint venture that will make aerostructures for AH-64 Apache attack helicopters (choppers).

9 Nov 2015

Business

Maggi is back; ties up with Snapdeal

As India heads to the biggest festival of the year Diwali, Nestle India announced the return of its flagship product Maggi noodles which will be in the market from today.

7 Nov 2015

Social Media

Cleanliness to come at a price: 0.5% cess levied

The Finance Ministry has announced that a 0.5% Swachh Bharat cess would be levied from November 15 on all services which attract a service-tax.

6 Nov 2015

Business

Dr. Reddy's gets warning letter from USFDA

Dr. Reddy's labs was issued a warning letter by US Food and Drug Administration (USFDA) raising concerns over quality compliance and manufacturing practices followed at its three plants.

5 Nov 2015

Business

Microsoft partners with Justdial, Paytm and Snapdeal

At the "Future Unleashed" event in Mumbai, Microsoft's Satya Nadella announced partnerships with three Indian e-commerce players - Justdial, Paytm and Snapdeal.

5 Nov 2015

Business

PM officially launches three gold monetisation schemes

PM Modi officially launched the three schemes for gold monetisation in India.

5 Nov 2015

Business

Govt publishes law panel's bankruptcy proposals

The government published the law panel's proposals to replace the outdated and overburdened bankruptcy process and called for public comment on it.

2 Nov 2015

Business

MTS India merges with Reliance communications

Reliance Communications (RCom) took over Sistema Shyam Teleservices Ltd (SSTL), which operates under the MTS brand.

2 Nov 2015

Business

Jaitley to open World Economic Forum India Summit

Finance Minister Arun Jaitley is set to open the World Economic Forum's (WEF) India summit on November 4.

30 Oct 2015

Business

Spicejet's loss is Vistara's gain: Sanjiv Kapoor moves

Spicejet's Chief Operating Officer Sanjiv Kapoor is joining Vistara, Tata group-Singapore Airlines joint venture as its Chief Strategy & Commercial Officer.

30 Oct 2015

Business

RBI makes NRIs eligible for National Pension System

In consultation with the government, Reserve Bank of India (RBI) has decided to enable National Pension System (NPS) as an investment option for Non-Resident Indians (NRIs).

30 Oct 2015

Business

To ease business, Modi's on mission against 'red-tape'

India jumping on the Ease of Business list is being seen as a win for Modi who has been involved in taking on the infamous 'red tape' to clear stalled public projects.

29 Oct 2015

Business

Pfizer may buy botox-maker company Allergan

Pharmaceutical giant Pfizer was in talks botox-maker company Allergan to discuss a takeover deal.

28 Oct 2015

Business

India jumps 12-points on Ease of Doing Business ranking

India ranked 130 in the latest World Bank ranking for ease of doing business.

27 Oct 2015

Business

Grofers acquires startups Townrush, SpoonJoy

Hyperlocal delivery start-up Grofers has bought business-to-business logistics service-provider Townrush.

27 Oct 2015

Business

Nestle stocks rise in anticipation of Maggi return

The restart of Maggi production, and its tentative return date in November is already seeing Nestle India stocks on the rise again.

25 Oct 2015

Business

Tesla to produce cars in China, India ignored

Tesla's CEO Elon Musk has announced he is in talks with China to produce vehicles. He believes that production costs could be cut by a third by manufacturing in China.

25 Oct 2015

Business

Draft of National Capital Goods Policy is ready

The capital goods industry is set to receive a boost as the Indian government released a draft of its National Capital Goods Policy.

24 Oct 2015

Business

UK dismisses Jet Airways' appeal over carbon fine

Jet Airways had been penalised for failing to comply with Europe's Emission Trading System (ETS).

23 Oct 2015

Business

RBI issues guidelines for gold scheme

Ahead of the formal launch of the gold monetisation scheme, RBI issued guidelines for the scheme.

22 Oct 2015

Business

Google launches YouTube Red

YouTube launched its paid version named YouTube Red.