Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
30 Sep 2016
SpotifySpotify in advanced talks to acquire Sound Cloud
Spotify, a music mammoth is reportedly in "advanced talks" to buy its Berlin-based rival 'SoundCloud'.
30 Sep 2016
CaliforniaLendUp's deceptive practices invite a fine of $6.3 million
LendUp- a Google-funded lending business was fined $6.3 million for "deceptive" practices.
30 Sep 2016
Initial Public Offering (IPO)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.
29 Sep 2016
SamsungLawsuit 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.
29 Sep 2016
IndiaWalmart 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.
28 Sep 2016
IndiaCensorship 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.
27 Sep 2016
Anil AmbaniReliance 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.
27 Sep 2016
IndiaRBI seeks regulator for spot exchanges
RBI has requested the Finance Ministry to appoint a regulator for monitoring spot exchanges in the country.
27 Sep 2016
OlaClash 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.
26 Sep 2016
JapanYahoo 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.
26 Sep 2016
IndiaTata 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.
26 Sep 2016
IndiaJubilant 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.
25 Sep 2016
Canara BankCanara 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.
23 Sep 2016
Reliance JioTelenor and Tikona in discussions to merge
Norwegian company, Telenor is in discussions with Tikona Digital to merge their broadband spectrum business.
23 Sep 2016
IndiaPSU 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.
22 Sep 2016
IndiaHDFC 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.
22 Sep 2016
WhatsAppWhatsApp transactions gone wrong
E-commerce through WhatsApp poses a problem which concerns the transacted products' 'genuinity'.
22 Sep 2016
San FranciscoMike 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).
22 Sep 2016
Bombay Stock Exchange (BSE)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.
21 Sep 2016
IndiaIndia'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.
20 Sep 2016
New JerseyMondelez 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.
20 Sep 2016
Maruti SuzukiRenault 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.
20 Sep 2016
San FranciscoOracle'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.
20 Sep 2016
MicrosoftMicrosoft 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.
20 Sep 2016
SnapdealSnapdeal 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.
20 Sep 2016
IndiaIndian 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.
19 Sep 2016
ICICI BankBSE-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.
19 Sep 2016
IndiaICICI 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.
16 Sep 2016
IndiaSensex rallies, Nifty peaks to 8850
India's benchmark indices, the BSE Sensex and the NSE Nifty rose over a percent today.
16 Sep 2016
IndiaChhattisgarh, 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.
15 Sep 2016
FiatElectric bicycle created by Ferrari designers
Pininfarina, the company which designs Ferrari sports cars, has created an electric bicycle.
15 Sep 2016
Walt DisneyDisney slashes 250 jobs in consumer products unit
The Walt Disney Company slashed nearly 5 percent of its consumer products staff on Wednesday.
15 Sep 2016
Central Bureau Of Investigation (CBI)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.
15 Sep 2016
FlipkartE-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.
15 Sep 2016
BusinessBayer 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.
14 Sep 2016
IndiaSequoia 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.
14 Sep 2016
MicrosoftBid adieu to Microsoft Lumia this December!
Microsoft may stop production for Lumia smartphones as early as December 2016.
13 Sep 2016
Padma BhushanAM 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.
13 Sep 2016
IndiaCairn shareholders approve Cairn-Vedanta merger
Cairn India's shareholders approved the company's merger with Indian mining company Vedanta Limited.
13 Sep 2016
IndiaDixcy 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.
