Business News
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Spotify in advanced talks to acquire Sound Cloud
Spotify, a music mammoth is reportedly in "advanced talks" to buy its Berlin-based rival 'SoundCloud'.
LendUp's deceptive practices invite a fine of $6.3 million
LendUp- a Google-funded lending business was fined $6.3 million for "deceptive" practices.
Pune-based startup Druva raises $51 mn in funding
Pune-based data protection solutions start-up Druva Inc. announced that it raised $51 million in funding.
Lawsuit claims Samsung washing machines are exploding
A class-action lawsuit has been filed against Samsung in the U.S. over claims of exploding washing machines.
Walmart set to invest up to $1 billion in Flipkart
American retail giant Walmart Store Inc. is in talks to invest up to $1 billion in the Indian e-commerce website Flipkart.
Censorship by Facebook? The story so far
In the most recent development to the Facebook censorship issue, seven Palestinian journalists had their accounts blocked without explanation.
Reliance Capital's AGM and its seven big takeaways
Reliance Capital, led by Anil Ambani, held its Annual General Meeting today, which listed out interesting takeaways on the changes in the financial company.
RBI seeks regulator for spot exchanges
RBI has requested the Finance Ministry to appoint a regulator for monitoring spot exchanges in the country.
Clash between online cab aggregators and local drivers
Reports surfaced on the rising spell of attacks against drivers of online cab aggregators like Uber and Ola, by the local taxi and auto drivers.
Yahoo in Japan contemplates four-day work weeks
According to sources, Yahoo Japan Corp. is deliberating four-day work weeks for its 5,800 employees altogether.
Tata Steel begins talks with unions on asset sale
Tata Steel will begin talks with British steelworks' trade union to discuss the impasse over its £15 billion pension plan for the company's workers.
Jubilant FoodWorks' stocks slump, loses Rs.6,200 in market value
With one of India's biggest fast-food company facing the departure of the CEO next year, Jubilant FoodWorks' market value took a hit and its shares slumped.
Canara bank to raise Rs.1128 crore via rights issue
State-owned Canara Bank revealed its plans to raise up to Rs.1,128 crore to fund business growth through rights issuance.
Telenor and Tikona in discussions to merge
Norwegian company, Telenor is in discussions with Tikona Digital to merge their broadband spectrum business.
PSU Banks: Bad times over yet?
Moody's, one of the top ratings agencies, said that the outlook for Indian banks project that it is set to improve and stabilize over the coming years.
HDFC Bank tops the Top 50 valuable Indian brands chart
India's top bank HDFC Bank has topped the Top 50 most valuable Indian brands chart this year.
WhatsApp transactions gone wrong
E-commerce through WhatsApp poses a problem which concerns the transacted products' 'genuinity'.
Mike Rothenberg accused of wiring money without seking investor's permission
San Francisco-based venture firm, Rothenberg Ventures' founder Mike Rothenberg is facing an ongoing inquiry by the SEC (U.S. Securities and Exchange Commission).
Goldman Sachs increases stake in DEN Networks by 6.7%
Investment banking giant Goldman Sachs increased its controlling stake in Indian cable network company DEN Networks.
India's LEAF raises $8 million from George Soros, others
Fruit and vegetable supplier LEAF, has raised $8 million in funds from American investor George Soros' backed investment company, Aspada investments and a few others.
Mondelez International invests Rs.100 crore in India
Mondelez International said it is set to invest around $15 million to build a global research and development center in Thane, India.
Renault Kwid, Honda Mobilio fail NCAP crash tests
French automaker Renault's popular car in India, Renault Kwid failed crash tests that were conducted by NCAP.
Oracle's Ellison declares war on Amazon cloud
Larry Ellison, Oracle's executive chairman, at Oracle's annual customer conference in San Francisco, said that Amazon was Oracle's number one competitor when it came to cloud computing.
Microsoft to shut down Skype's London office
Technology giant Microsoft is reportedly planning to shut down Skype's London office and lay off nearly 400 people working there.
Snapdeal makes strategic shift with wholesale entity
With a significant shift in strategy, Snapdeal is moving away from the marketplace model by setting-up a wholesale unit.
Indian electronic products industry to touch $75 billion by 2017
According to the joint study, government's efforts for infrastructure development, locomotive and energy, pose an important opportunity for rapid-expansion of domestic electronics industry.
BSE-Twitter tie up to provide investors live stock notifications
Bombay Stock Exchange has tied up with social media platform Twitter to enable its investors to obtain live stock information and updates.
ICICI Pru Life insurance IPO: To subscribe or not?
India's largest insurer is set to open its IPO today for subscription for nearly 18.13 crore equity shares.
Sensex rallies, Nifty peaks to 8850
India's benchmark indices, the BSE Sensex and the NSE Nifty rose over a percent today.
Chhattisgarh, Madhya Pradesh to revamp ration shops with Future Group
Indian FMCG giant Future Group is in talks with Chhattisgarh and Madhya Pradesh to help revive and revamp the states' fair price shops.
Electric bicycle created by Ferrari designers
Pininfarina, the company which designs Ferrari sports cars, has created an electric bicycle.
Disney slashes 250 jobs in consumer products unit
The Walt Disney Company slashed nearly 5 percent of its consumer products staff on Wednesday.
Billionaire Acharya Balkrishna's credentials under the scanner
Acharya Balkrishna, 43 year old billionaire has been listed under the 'Hurun India Rich List' for 2016.
E-commerce vendors in for a dull festive season
The festive season from September until the end of the year is traditionally a very lucrative and a significant period for retailers.
Bayer to takeover Monsanto for $66 billion
Bayer- the German drug and crop chemical producer clinched the U.S. seeds company Monsanto in a $66 billion takeover.
Sequoia Capital to sell stakes in firms worth $200 million
According to sources, American venture capital firm, Sequoia Capital, is planning to sell $200 million worth of stakes in eight Indian "non-tech companies" via secondary transactions.
Bid adieu to Microsoft Lumia this December!
Microsoft may stop production for Lumia smartphones as early as December 2016.
AM Naik names SN Subrahmanyan as his successor at L&T
Ending all the speculation around his succession, L&T's Chairman AM Naik said that SN Subrahmanyan, the Dy. Managing Director and President of the company would take over after him.
Cairn shareholders approve Cairn-Vedanta merger
Cairn India's shareholders approved the company's merger with Indian mining company Vedanta Limited.
Dixcy Textiles looks to raise Rs.300 crore from investors
Innerwear brand Dixcy Textiles is looking to raise funding of about Rs.300 crore from a pool of private equity investors, according to reports.