Business News

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10 Apr 2018

Uber

Uber acquires dockless bike-sharing start-up JUMP for $200 million

Uber has acquired dockless bike-sharing start-up JUMP for an undisclosed amount of money. However, some reports suggested that the deal was finalized at a price closer to $200 million.

10 Apr 2018

Education

Reliance family office may acquire online education portal Embibe.com

Mukesh Ambani-owned Reliance family office may reportedly acquire a majority stake in online education portal Embibe.com, for nearly Rs. 100 crore.

09 Apr 2018

Amazon

Airtel launches first broadband plan with 300Mbps speed

Airtel has launched its first ever home broadband plan with a data speed of 300Mbps.

09 Apr 2018

Facebook

US lawmakers to probe Zuckerberg over Facebook data-privacy controversy

Mark Zuckerberg will be grilled by a US senate panel on Tuesday and the House of Representatives lawmakers on Wednesday over the data-breach scandal as pressure mounts for stricter regulations for social media platforms.

09 Apr 2018

India

Make in India: Xiaomi opens new smartphone plants in India

Furthering its commitment to 'Make in India' initiative, Xiaomi has announced the opening of three new smartphone factories in India.

09 Apr 2018

Flipkart

Flipkart opens new consolidated office space in Bengaluru

Flipkart has opened a new office space in Embassy Tech Village, Bengaluru, which is a consolidation of all of its previous 11 campuses in the city.

09 Apr 2018

Mumbai

Mumbai: BSE gains over 100 points, Nifty above 10,350

The benchmark BSE Sensex advanced over 100 points in early trade today on sustained buying by domestic institutional investors amid firm Asian cues.

09 Apr 2018

India

Soon, you can buy mutual funds from Paytm

Paytm will reportedly launch a mutual fund distribution app called Paytm Money by end of April.

09 Apr 2018

India

Richest 1% will own 64% of world's wealth by 2030

According to a report by the House of Commons library, the richest 1% of the world will own 64% of the world's total wealth by 2030.

CBI probing firms owned by ICICI-Bank CEO Chanda Kochhar's family

Investigators probing the alleged scam involving Deepak Kochhar, husband of ICICI Bank CEO Chanda Kochhar, are examining if he or brother Rajiv set up any shell companies to launder money.

07 Apr 2018

India

CBI bans overseas travel for Deepak Kochhar, Venugopal Dhoot

Videocon CEO Venugopal Dhoot and ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar have been barred from traveling outside India, courtesy Central Bureau of Investigation's ongoing preliminary inquiry on them.

07 Apr 2018

Xiaomi

Redmi 5 goes on permanent open sale on Amazon, Mi.com

The recently launched Xiaomi Redmi 5 has gone on a permanent open sale on both Amazon.in and Mi.com.

BSNL launches IPL prepaid pack for Rs. 248

BSNL has launched an IPL special recharge prepaid pack for Rs. 248.

07 Apr 2018

Facebook

It's time you stop trusting Mark Zuckerberg with your information

Mark Zuckerberg is a deeply ambitious man with a penchant for making mistakes and negating/avoiding them for as long as he can. When he cannot, he apologizes, promises to do better and moves on to the next big mistake.

06 Apr 2018

India

Year-end bonuses to ICICI, Axis, HDFC bank CEOs on hold

The Reserve Bank of India (RBI) is yet to approve the year-end bonuses to the CEOs of India's top private banks as it's questioning their payout size with respect to their performance.

06 Apr 2018

Bharti Airtel

Airtel appoints ex-NASA exec Santanu Bhattacharya to lead digital-innovation lab

Bharti Airtel has appointed ex-NASA executive Santanu Bhattacharya as chief data scientist. His role would encompass using data science and deep analytics to understand customer needs and develop innovative products and services for Airtel.

Immigration stops Chanda Kochhar's brother-in-law from leaving country

The investigation in the alleged Deepak Kochhar-Venugopal Dhoot fraud has now extended to the former's brother Rajiv Kochhar, who was stopped by Immigration at the Mumbai Airport while he was leaving India.

06 Apr 2018

India

IndiGo is no longer buying Air India

IndiGo, India's largest domestic air carrier, which was among the first to express interest in buying Air India after the government announced its disinvestment, has now backed out, saying it doesn't have the capability required to successfully take on the airline's operations.

RBI may soon introduce its own digital currency

The Reserve Bank of India announced on Thursday that it might introduce a central bank digital currency.

Jio's Rs. 251 IPL pack has contests, comedy-shows and more!

Reliance Jio has rolled out several new offers for its subscribers ahead of the 2018 IPL season, including a chance to win prizes worth crores on the new 'Jio Cricket Play Along' mobile game.

05 Apr 2018

Bharti Airtel

Jio Payments Bank launched: Here's everything you should know

Jio Payments Bank, a 70:30 joint venture between Mukesh Ambani-led Reliance Industries Ltd. and State Bank of India, started its operations on Tuesday.

05 Apr 2018

Facebook

After Facebook, BlackBerry sues Snapchat's parent company for patent infringement

A month after suing Facebook for patent infringement, BlackBerry has now accused Snap Inc. of using its patented technology in the Snapchat app.

04 Apr 2018

India

Rivalling Jio and Nokia, Jolla to enter India's feature-phone market

Finland-based smartphone vendor Jolla is all set to announce its second phone in the Indian market.

Deepak Kochhar's 'funds from Mauritius' under income tax department's scrutiny

Deepak Kochhar, the founding director of NuPower Renewables, was served a notice by the Income Tax department, asking him to furnish all the details of the hundreds of crores worth of investments that he allegedly received from two Mauritius companies.

04 Apr 2018

Cognizant

HC partially unfreezes Cognizant's bank-accounts, orders payment of Rs. 420cr

A week after freezing bank accounts of Cognizant Technology Solutions in a Rs. 2,500cr tax-evasion case, the Madras HC has asked it to pay 15% (Rs. 420cr) to I-T in two days.

04 Apr 2018

India

Jeep announces special offer on its Compass 4X4 SUV

Fiat Chrysler Automobiles has announced 'Jeep 4x4 Month' for its Jeep brand in India to mark the celebration of its International Jeep 4x4 day (April 4).

04 Apr 2018

Amazon

Apple poaches Google's AI chief John Giannandrea

In a major executive reshuffle, Apple has hired Google's Head of Search and Artificial Intelligence (AI) John Giannandrea to lead its Machine Learning (ML) and AI strategy.

04 Apr 2018

India

Amazon planning to buy Flipkart to prevent rival Walmart bid

According to reports, Amazon might make an offer to buy India's largest e-commerce platform Flipkart.

Ahead of RBI policy meet, Sensex rises nearly 100 points

The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.

04 Apr 2018

Spotify

Spotify goes public, valued at $26.6 billion

In a unique IPO approach, Spotify is going the direct listing route instead of traditionally selling its shares on the stock market.

04 Apr 2018

India

India becomes world's second largest mobile phone manufacturer: ICA

Only behind China, India has replaced Vietnam to become the second largest mobile phone manufacturer in 2017, Indian Cellular Association President Pankaj Mohindroo informed Union ministers Manoj Sinha and Ravi Shankar Prasad.

03 Apr 2018

ICICI Bank

Indian banks reported one fraud every hour in FY17: Report

According to a report by proxy advisory firm Institutional Investor Advisory Services (IiAS), there was at least one case of fraud committed every hour on an average in Indian banks during the financial year 2017.

03 Apr 2018

India

Google to launch mid-range Pixel smartphone, Pixelbook laptop in India

Google is planning to roll out several of its consumer products in India including a mid-range Pixel smartphone, Google Home smart speakers, its premium laptop Pixelbook, the Google Wi-Fi system, and intelligent home automation products such as doorbell, camera, alarm system, and smoke detector, which are all sold under its Nest brand.

03 Apr 2018

India

Paytm Mall raises Rs. 3,000 crore from SoftBank, Alibaba

According to documents filed with the Ministry of Corporate Affairs, online retail firm Paytm Mall has raised nearly Rs 3,000 crore from Japan's SoftBank and its existing investor Alibaba in new round of funding.

03 Apr 2018

India

McDonald's launches new "healthier" menu for India

Obesity has increased alarmingly around the world: in 1975, there were 105mn obese people; in 2016, there were 641mn.

Ola acquires Ridlr to digitize public transportation

Indian cab-hailing company Ola has acquired Mumbai-based end-to-end public transport ticketing and commuting start-up Ridlr for enabling digitization of public transport and mass transit integration.

03 Apr 2018

Mumbai

Airtel extends 1,000GB bonus data offer until October 31

Airtel's Big Byte offer, under which broadband subscribers can avail 1,000GB of bonus data, has been extended until October 31, 2018.

03 Apr 2018

South Korea

Start-up developing hangover cures raises $8 million

82Labs, a US-based start-up that manufactures drinks to reduce morning-after hangovers, has raised $8 million in fresh funding from investors like Altos Ventures, Slow Ventures, Strong Ventures, and Thunder Road Capital.

03 Apr 2018

Xiaomi

Get ready: Xiaomi's Mi Fan Festival 2018 on April 5-6

Xiaomi India's 2018 edition of the Mi Fan Festival will be held on April 5-6.

02 Apr 2018

India

OPPO F7's first flash sale on Flipkart and OPPO stores

In its first flash sale, the recently launched OPPO F7 will be available on Flipkart and also across all 777 OPPO stores in India.