Business News | Page 181

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15 Feb 2016

Business

Expect RuPay credit cards by Jul 2016

The National Payment Corporation of India (NPCI) is planning to launch RuPay credit cards by July 2016.

15 Feb 2016

Snapdeal

Snapdeal raises new round; valuation up by $2 billion

Snapdeal has raised another $200 million or Rs.1,367.6 crore, just seven months after it raised $500 million.

14 Feb 2016

Business

Govt orders merger of NSEL and FTIL

After months of waiting, the orders for merging the National Spot Exchange Limited (NSEL) and Financial Technologies India Ltd. (FTIL) was finally announced by the Ministry of Corporate Affairs.

14 Feb 2016

Business

Bank of Baroda posts highest quarterly loss

Bank of Baroda(BoB) reported a loss of Rs.3,342 crores for the quarter ending Dec'15, the highest quarterly loss in the history of India's banking industry.

12 Feb 2016

Business

Uber to pay $28.5 million to settle safety-claims lawsuits

Uber will pay almost $28.5 million to roughly 25 million customers (who took rides between January 2013- January 2016) to resolve two class-action lawsuits.

11 Feb 2016

Business

Indian gold demand likely to surge: WGC

The World Gold Council has said that moving forward, Indian gold demand may rise owing to apprehensions of delays in interest rate hikes by the US Federal Reserve.

11 Feb 2016

Business

Karnataka proposes ban on surge pricing by taxi aggregators

Karnataka's proposed rules for taxi aggregators includes a ban on surge pricing by app-based taxi aggregators like Ola and Uber.

11 Feb 2016

Business

UAE offers free crude for Mangalore oil reserves

UAE's oil major ADNOC, has offered India two-thirds of oil imports for free if India agrees to store ADNOC's oil in its strategic reserve at Mangalore, Karnataka.

11 Feb 2016

Business

Power Min raises Adani issue at Aus-India dialogue

Power Minister Piyush Goyal brought up the issue of the Adani coal mines with Australia's Minister for Resources and Energy Josh Frydenberg during the Australia-India Energy Dialogue.

11 Feb 2016

Business

Two senior executives to quit Flipkart

Two senior executives, Myntra founder Mukesh Bansal, and Flipkart's Chief Business Officer Ankit Nagori resigned from India's largest online retailer, Flipkart.

10 Feb 2016

Business

TAM to stop giving TV ratings

TAM Media Research will stop giving TV ratings from 29 Feb'16.

9 Feb 2016

Business

Bandhan Bank announces Visa tie-up

Bandhan Bank announced the launch of an international debit card in association with Visa and banking services for overseas Indians.

9 Feb 2016

Business

CSO expects economy to have grown by 7.6%

The Central Statistics Organization (CSO) projected the Indian economy to have grown by 7.6% in the fiscal year 2015-16, higher than government's own expectation of 7-7.5%.

8 Feb 2016

Business

Infosys launches iCount, its new appraisal system

Infosys introduced iCount, its new incentive-based structure which will replace the old performance appraisal system.

8 Feb 2016

Business

Disinvestment target maybe missed for 6th straight year

With equity markets down by about 13% since the start of the fiscal year 2015-16, the government is likely to miss the disinvestment target for FY 2015-16.

8 Feb 2016

Business

Zomato eyes $200mn investment after breaking-even in 6 markets

Zomato has reached profitability by breaking-even in 6 of its markets, including India.

7 Feb 2016

Business

India-US to settle solar dispute out-of-court

India and the US are negotiating to settle the long pending solar dispute through an out-of-court resolution.

6 Feb 2016

Business

Quick Heal raises Rs.133.9 crore before IPO launch

Quick Heal Technologies, the software provider raised Rs.133.9 crore by issuance of shares to anchor investors such as BNP Paribas Advantage.

4 Feb 2016

Business

Facebook turns 12!

Social networking giant Facebook marked its 12th birthday with 1.5 billion active users on the platform.

4 Feb 2016

Business

IBM to reform its annual appraisal system

IBM CEO Virginia Rometty, at a townhall in one of its biggest centres in Bengaluru spoke on the necessity to reform and reinvent IBM's employee governance structure.

4 Feb 2016

Business

Ford now cuts jobs in Europe

US auto giant Ford plans to cut hundreds of jobs in Europe in a bid to strengthen profitability.

3 Feb 2016

Business

Sesame Street launches venture fund

Collaborative Fund and Sesame Workshop, the non-profit parent organization of children's TV show Sesame Street, announced that they have launched a venture capital arm called Sesame Ventures.

2 Feb 2016

Business

Alphabet trumps Apple as world's most valuable company

Google's parent company Alphabet overtook Apple as the most valued company after its strong quarterly earnings report surpassed expectations and sent its shares soaring by 6.4% in after-hours trading.

2 Feb 2016

Business

RBI keeps policy rates unchanged

In its first bimonthly monetary policy review of the year, RBI has kept the policy rates and reserve ratios unchanged.

1 Feb 2016

Business

Manufacturing PMI touches a 4 month high

Nikkei's Manufacturing Purchasing Managers' Index (PMI) in India has rebounded to a 4 month high of 51.1 in Jan'16 after reporting a 28 month low of 49.1 in Dec'15.

1 Feb 2016

India

Sahara using small savers to fund luxury resort

The Indian housing and infrastructure conglomerate Sahara, is using small savers fund to finance its luxury resort, Aamby Valley.

31 Jan 2016

Business

India producing 100 million phones

Telecom Minister Ravi Shankar Prasad announced that India's mobile phone production has increased to 100 million mobile sets per year in 2015 from 68 million in 2014.

29 Jan 2016

Business

RBI governor questions new GDP formula

RBI Governor Raghuram Rajan raised doubts over the new methodology used to calculate India's gross domestic product (GDP).

29 Jan 2016

Business

Company-owned stores on the anvil for Lenovo India

Chinese computer technology giant Lenovo, has announced plans to open company-owned stores in India.

29 Jan 2016

Business

India now among 10 largest nations in IMF

India and China have now come in the league of the 10 largest nations in the IMF, after the IMF quota reforms were ratified by the US Congress.

29 Jan 2016

Business

Myntra to cut discounts to become profitable

Even though, Myntra recorded a $800 million revenue in January 2016 (70% jump from last January), the online fashion store is looking to slash discounts and curb supply-chain costs.

28 Jan 2016

Business

Honda Civic crash death involved Takata airbag

The US National Highway Traffic Safety Administration revealed the Takata documents that showed that the air-bag inflator had burst in a 2007 Honda Civic in 2015 in India, wherein the driver had died.

28 Jan 2016

BlackBerry

BlackBerry enters Indian Android market with Priv

BlackBerry has launched its first Android smartphone, Priv in the Indian market.

28 Jan 2016

Business

Chinese investors betting big on India

India will witness big investments from China as Chinese companies plan to invest $5-10 billion in India in the next few years.

27 Jan 2016

Business

Ratan Tata invests in tea startup- TeaBox

TeaBox, the online tea retail startup, has raised an undisclosed amount in funding from Ratan Tata, former chief of the Tata Group.

27 Jan 2016

Business

A new PPP model for road development

The government has approved the new Hybrid Annuity Model (HAM) for road projects, to accelerate highway construction in the country.

27 Jan 2016

Business

Disney, consulting companies sued over H-1B row

Two of Disney's former employees Leo Perrero and Dena Moore filed lawsuits against Disney, Cognizant and HCL Inc.

27 Jan 2016

Business

National Investment Grid to boost investment

The government may embark on a new National Investment Grid to give a push to investment in the country.

26 Jan 2016

Business

World's largest oil refinery to be built by Indian PSUs

Indian Oil, Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Engineers India Ltd., will build a mega refinery with a cumulative capacity of 60 million metric tones per annum.

26 Jan 2016

Business

Coke launches dairy drinks in India

Coca-Cola entered the value-added dairy drinks segment in India with its flavoured milk product brand Vio.