India: News | Page 345

29 Mar 2017

InnoVen Capital

Verlinvest invests $30mn in education tech start-up Byju

Byju's, one of the few education technology start-ups that have scaled majorly in the last 1.5 years, has raised $30mn from Brussels-based Verlinvest.

08 Mar 2017


Fight between DoT and TRAI over Jio offers

TRAI has stated that a lack of reforms was responsible for the poor performance of the Indian telecom industry.

CBI questions alleged middleman in Embraer deal

The CBI questioned Vipin Khanna, defence consultant, in connection with the $208mn Embraer jet deal.

09 Feb 2017


Snapdeal's Shopo shut from tomorrow onwards

Shopo, a Snapdeal-owned marketplace will close down from 10th February, after operating for a year and a half.

07 Feb 2017


Jio's 'Happy New Year' offer faces more trouble

Airtel and Idea Cellular have filed fresh appeals against the Telecom Regulatory Authority of India's order that Reliance Jio's 'Happy New Year' offer was distinct from the Jio Welcome Offer.

04 Feb 2017


TRAI gives nod to Jio's 'Happy new year' offer

The telecom regulatory authority of India (TRAI) has approved Mukesh Ambani-led Reliance Jio to proceed with its "Happy New Year" offer and give 1GB free data everyday.

BSE makes debut listing on NSE

The Bombay Stock Exchange (BSE) was listed on its rival National Stock Exchange (NSE) today; BSE recently concluded its Rs. 1,234 crore initial public offering.

30 Jan 2017


Vodafone moves court against Reliance Jio

Vodafone India moved the Delhi High Court against Reliance Jio's 'Happy New Year' offer.

Digital Aadhaars now available through DigiLocker

Unique Identification Authority of India (UIDAI) has recently been integrated with DigiLocker as a registered user.

BSE subscribed 51 times on IPO last day

BSE's IPO received 51 times more bids than the number of shares on offer on the last day of its IPO.

BSE IPO launch today

The Bombay Stock Exchange is set for its IPO today, seeking to raise Rs.1,243.4 crore. Analysts say BSE's valuation is reasonable. It seeks to sell stocks at Rs.805-806 per share in the three-day IPO.

18 Jan 2017


Gen. Insurance companies to be listed on stock market

At a Cabinet meeting that took place on Wednesday, Finance Minister Arun Jaitley said that 5 general insurance companies were given the go-ahead to be listed on the stock market.

BSE IPO at Rs.805-806

BSE has fixed the price range of its IPO at Rs.805-806. It plans to raise at least Rs.1243 crore through the IPO, which will be open from Jan 23-25.

14 Jan 2017


Ambani to invest fresh Rs.30,000 crore in Reliance Jio

Mukesh Ambani announced that he would be pumping in fresh funds- almost Rs.30,000 crore in Reliance Jio, his telecom venture.

BSE IPO to be priced at Rs.800-850 per share

Sources stated that BSE is likely to sell its shares at Rs.800-850 per share once its IPO hits the markets in one to two months.

CBI gets evidence from US on Embraer deal

The CBI retrieved evidence from the US, where the Department of Justice is conducting its own investigation into Brazilian aircraft manufacturer, Embraer.

01 Dec 2016


Jio's Happy New Year offer - Free services till Mar'17

Mukesh Ambani announced that from December 4, every new Jio user will get data, voice, video free till March 31. He called it 'Jio Happy New Year' offer.

19 Nov 2016


Jio sees decline in subscriber growth; may extend offer period

Market analysts believe that Reliance Jio Infocomm Ltd is grappling with slow subscriber growth.

President emphasizes importance of Indian youth

Failure to train the youth in skills essential for employment will lead to a "demographic explosion" in India, according to President Pranab Mukherjee.

Embraer to pay $205 million settlement over corrupt deal

To resolve the dispute over the corrupt 2008 Embraer aircraft deal, the Brazilian aircraft manufacturer will pay $205 million in fines to the US Justice Department.

Embraer deal: CBI registers FIR against UK arms dealer

The CBI has registered an FIR against a UK based NRI arms dealer, for allegedly receiving kickbacks from the 2008 Embraer Jet deal.

CBI identifies Embarer middleman, may identify bribe recipients

The CBI disclosed that it has tracked down an individual who was paid $5.5 million by Embraer to secure the 2008 defence contract with DRDO.

BCCI takes major decisions at Annual General Meeting

Ajay Shirke was re-elected as the Secretary of the board at the Annual General Meeting of the Board of Control for Cricket in India(BCCI),

19 Sep 2016

University of Chicago

Raghuram Rajan returns to Chicago Booth School as Professor

Former RBI Governor, Raghuram Rajan, is set to teach International Corporate Finance at the University of Chicago Booth School of Business in Winter 2017.

13 Sep 2016

Tamil Nadu

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.

13 Sep 2016

Skill India

LinkedIn eyes India expansion, introduces three new products

The social networking site LinkedIn announced that it would be launching three new services in India to help expand its access to the market.

Nandan Nilekani's impetus to a dozen startups

Nandan Nilekani, co-founder of Infosys, has invested $50 million in 11 start-ups in a little more than a year and has committed to investing $25 million more.

Three IPOs to hit Indian markets in September

Three Indian firms are set to be listed this month, helping raise a whopping Rs.7,000 crore during their initial public offering (IPO).

12 Sep 2016

Ravi Shankar Prasad

Rajnath Singh to visit Hungary in outreach initiative

India's Home Minister is scheduled to visit Hungary as part of an outreach initiative that the government has adopted to help strengthen bilateral ties.

12 Sep 2016


Snapdeal looks to revamp brand

One of India's leading online marketplace, Snapdeal, has signalled initiatives that would revamp its brand and company logo.

Embraer sets aside $200m for fines related to India case

As Brazilian prosecutors and the US Justice Department began investigations into the company's alleged shady deal in India in 2008, the company is said to have set aside $200m for possible fines.

Embraer Jet Deal under scanner for alleged kickbacks

The $210 million Embraer's 'Jet deal' with India came under scanner by the U.S. authorities for the payment of kickbacks to secure the contract.

10 Sep 2016

Dawood Ibrahim

Call intercepts indicate Dawood laundering money for eminent Indians

Indian intelligence officials have discovered telephonic intercepts that implicate Dawood of round-tripping money for white-collared people of India.

10 Sep 2016

Companies Act

SEBI issues circular against crowdfunding platforms

SEBI has reportedly issued an investor-warning circular to equity crowdfunding platforms that help start-ups, questioning their legality.

BCCI to have new selection process for national selectors

The Board of Control for Cricket in India will now finalize a national selector by a process of individual interviews, ending the previous process of nominations from zonal associations.

09 Sep 2016

InnoVen Capital

Byju's raises $50 million from Chan Zuckerberg Foundation, Sequoia, others

Indian education company Byju's, run by Think and Learn Pvt Ltd, said it raised a whopping $50 million from existing investors and the Chan Zuckerberg Initiative.

09 Sep 2016


ICICI Bank deploys 200 robots for internal jobs

ICICI Bank announced the launch of robotics within the bank's services, to support and process transactions for the bank.

09 Sep 2016

Mahindra Group

Ola strikes Rs.2,600 crore deal with Mahindra

Online cab aggregator, Ola Cabs, announced a partnership with Indian automaker Mahindra and Mahindra on Thursday.

India to get rid of physical driver licenses

The Central Government announced that people will be allowed to upload their drivers licences and vehicle registration documents to 'DigiLocker'.

Top IT firms lose Rs.47,000 crore in market capital

India's top five IT firms saw a whopping Rs.40,000 crore loss in their market value during 8th Sep's trade.