Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
28 Jun 2016
BusinessElon Musk celebrates his 45th birthday
Billionaire Elon Musk, celebrated his 45th birthday today.
26 Jun 2016
BusinessTata sons to pay $1.17 billion for breaching agreement
The London Court of Arbitration has asked Tata Sons to pay $1.17 bn to NTT DOCOMO for breaching of an agreement.
23 Jun 2016
BusinessFTC sues InMobi for violating users' privacy
The US Federal Trade Commission, filed a complaint against InMobi for obtaining location data from cellphone users' without their consent.
22 Jun 2016
BusinessMitsubishi expects net loss post mileage cheating scandal
Following the mileage cheating scandal, Mitsubishi expects to suffer annual loss this financial year.
21 Jun 2016
BusinessNikesh Arora steps down as SoftBank CEO
Amidst a row with investors, the hand picked successor of Masayoshi Son, Nikesh Arora has decided to step down as the Chief Executive of SoftBank.
19 Jun 2016
BusinessZocalo launches CoHo dorms for DU students
Leaning into the demands of DU students to find good accommodations, CoHo.in has launched its CoHo dorms to span the gap of demand-supply for students.
19 Jun 2016
BusinessWinsome Group's claims false, says Diamond Intelligence magazine
Fresh reports confirmed the suspicions about a criminal conspiracy to take money out of India by Winsome Group leading to a Rs.7,000-crore debt.
17 Jun 2016
BusinessMicrosoft teams-up with KIND to track marijuana sales
Technology giant Microsoft has joined hands with KIND Financial, a California-based tech startup that helps government and other agencies to track the sales of legalized marijuana "from seed to sale".
13 Jun 2016
BusinessInfosys hires top Silicon Valley talent for Mana
Software exporter Infosys is betting heavily on its new artificial intelligence (AI) platform Mana, expecting the computing system to garner billions of dollars in revenue.
8 Jun 2016
BusinessDaewoo Shipbuilding's offices raided in South Korea
South Korean authorities reportedly raided offices of the world's second largest shipbuilder–Daewoo Shipbuilding and Marine Engineering; it is a part of officials' investigation into the company's alleged accounting irregularities.
8 Jun 2016
BusinessShell's mid-term strategy, more jobs to be cut
Royal Dutch Shell has stated its plans to sell more assets and cost-cutting for the next few years so the oil-and-gas major could cope with the continued low oil and gas prices.
3 Jun 2016
BusinessJapanese authorities conduct raids on Suzuki HQ
Authorities in Japan have reportedly raided Suzuki Motors' headquarters as a part of their ongoing investigation into the company's use of improper fuel economy tests.
21 May 2016
IndiaWorld's cheapest smartphone made in India
The world's cheapest smartphone, Namotel 'Acche Din', was marketed at Rs. 99 only at a press conference held in Bengaluru on Tuesday.
18 May 2016
BusinessPNB posts biggest loss in India's banking history
Public sector lender Punjab National Bank on Wednesday reported a net loss of Rs.5,367.14 crore for the fourth quarter ending March 31st, on account of higher provisioning for bad loans.
18 May 2016
BusinessHuge gender pay gap in India: Monster survey
Monster India, the online career and recruitment service provider, has released the latest 'Monster Salary Index' (MSI) for 2015, which analyses the job market in India.
17 May 2016
BusinessRBS to wind up Indian operations soon
Royal Bank of Scotland announced that it would close its retail banking branches in different phases and informed its customers.
14 May 2016
BusinessReliance to make passenger aircraft with Antonov
Anil Ambani-led Reliance Defence is planning to manufacture 50-80 seater passenger aircraft in India in collaboration with its Ukranian joint-venture partner Antonov.
14 May 2016
BusinessIndia worried over linking of funding with labour standards
Developed countries are trying hard to link funding from multilateral development agencies to labour standards in order to allow companies from developed countries to bag contracts.
13 May 2016
BusinessRBI amends ownership guidelines in private banks
The Reserve Bank of India (RBI) has changed the guidelines for ownership in the private sector banks.
12 May 2016
BusinessBlackstone’s Schwarzman tops Forbes’ debut Money Masters list
Forbes' first-ever 'Money Masters' list ranked the top 40 financiers in the financial world.
9 May 2016
BusinessRoadrunnr, TinyOwl to merge and launch ‘Runnr’
Roadrunnr-the Bengaluru-based hyper-local logistics firm and Mumbai-based TinyOwl-the food-ordering platform are merging in an all-stock deal.
9 May 2016
BusinessIndia's crony wealth plummets to 3.4%
According to a study by the Economist, India ranks ninth in the world crony-capitalism index with crony wealth accounting for 3.4% of GDP down from 18% in 2008.
8 May 2016
BusinessIndia fastest growing e-commerce market globally
According to a report by Assocham and Forrester, India's e-commerce sector is the fastest growing in the world.
8 May 2016
BusinessStartups and big cos spar over software patents
The technology industry in the country is divided over the issue of allowing the patenting of software.
7 May 2016
BusinessTitan to acquire majority stake in CaratLane
Titan Co. Ltd announced that it will acquire a majority stake in online jewellery chain CaratLane Trading Pvt. Ltd for an undisclosed amount, subject to due diligence.
6 May 2016
BusinessRBI releases guidelines for 'on-tap' bank licenses
The Reserve Bank of India released guidelines for granting 'on-tap' bank licenses to individuals, groups, companies or entities.
5 May 2016
BusinessApple loses lawsuit over 'iPhone' in China
Apple Inc lost a lawsuit with a China-based company Xintong Tiandi Technology as a Beijing court allowed the Chinese company to use the name 'IPHONE' on its products.
4 May 2016
SmartphonesGovt bars Apple from selling 2nd-hand phones in India
The Indian government has dealt a blow to Apple's plan of importing and selling second-hand phones in India, to prevent dumping of hazardous e-waste in the country.
4 May 2016
BusinessSHG rural credit rises to Rs.30,000cr
In what could bring cheer to the drought grappled rural economy, the rural credit availed by Self Help Groups (SHGs) in India has increased significantly by 40%.
3 May 2016
BusinessIndia, China face social risk due to inequality: IMF
The International Monetary Fund (IMF) has cautioned both India and China that they face social risk due to rising inequality.
2 May 2016
BusinessOnly 1% Indians pay tax
According to the government data on direct tax, released after a gap of 15 years, only 1% Indians or 1.25 crore people paid income tax in the assessment year 2012-13.
2 May 2016
BusinessBidding adieu: HMT shuts down its last manufacturing unit
HMT Watches Ltd. announced the shutdown of its manufacturing unit at Tumakuru.
29 Apr 2016
BusinessUnique IDs for companies soon
The Union government is planning a single unique identification for the companies to enable them to carry out all the transactions using that ID.
28 Apr 2016
BusinessRegulatory framework for P2P lending
The Reserve Bank of India (RBI) has come up with a regulatory framework for the peer-to-peer (P2P) lending platforms which; although in their nascent stages, are growing exponentially.
28 Apr 2016
BusinessFacebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue
Facebook surpassed the estimates in its Q1-2016 earnings report with $5.38 billion in revenue and $0.77 earnings/share.
20 Apr 2016
BusinessLinkedIn unveils exclusive mobile app for students
LinkedIn, the professional-networking company, has unveiled a new mobile app, which is tailor-made to help college students find jobs.
18 Apr 2016
BusinessReliance Jio starts operations of 8,100-km submarine cable system
Reliance Jio announced the beginning of operations of the 100 Gigabits/sec Bay of Bengal Gateway (BBG) submarine cable system.
17 Apr 2016
BusinessTCS denies IP infringement in $940 Million Epic case
Tata Consultancy Services (TCS) has denied any violation of trade secrets and plans to contest the decision of the Wisconsin Grand Jury in higher courts.
16 Apr 2016
BusinessOracle, Alphabet’s Google fail to settle lawsuit
Oracle Inc. and Alphabet Inc.'s Google failed to come to a settlement regarding the long-running copyright lawsuit over Android OS, ahead of a retrial scheduled for 9 May 2016.
15 Apr 2016
BusinessCompat stays Holcim-Lafarge merger
The Competition Appellate Tribunal (Compat) has stayed the exit of Lafarge from India till the next hearing on 9 May 2016, thus delaying the Lafarge-Holcim merger.
