Quikr Acquires Stayglad
Online classifieds platform, Quikr has acquired Stayglad, a marketplace for beauty services.
Stayglad with around 100 employees, would be merged with AtHomeDiva - a home...
Wipro Buys Stake in Insights Cyber
Wipro has bought minority stake in Israeli cyber security company Insights Cyber Intelligence for $1.5 million.
The stake is of less than 20 percent on...
Nasscom Launches Tech Startup
IT industry body Nasscom has introduced Techstartup.in, a digital platform that allows startups, investors and venture capitalists to network.
It was first launched in Bengaluru followed...
Microsoft Google Adopts EU-US Privacy Scheme
Three big IT companies Microsoft, Google and Salesforce have officially adopted the EU-US Privacy Shield framework.
It enables them to receive personal data from the...
500 Million Yahoo Accounts Hacked
Yahoo has informed that hackers stole information from 500 million user accounts.
Yahoo's Chief Information Security Officer Bob Lord said that the information was stolen...
Kotak Bank Approves Raising of Capital
The private sector Kotak Mahindra Bank’s board accorded its approval for raising capital through issue of equity shares, Global Depository Receipts, American Depository Receipts...
Startup Warehouse Launched by Nasscom
Nasscom in partnership with the Telangana government has decided to create a "startup warehouse" in Hyderabad that will provide an affordable co-working space to...
Market Reforms: SEBI Amends Existing Norms
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988...
SEBI Bans P-Notes on Derivatives
The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board...
Facebook Wins Trademark Case in China
A Beijing court has ruled in favour of Facebook and against a Chinese company which had registered "face book" as a separate trademark.
The court...
PVR Cinemas Introduces Theatre-on-Demand
Multiplex chain operator PVR launched theatre-on-demand service ‘Vkaao’.
PVR operates 562 screens in 122 properties in 48 cities in India.
Vkaao is an online platform that enables...
Quikr India Acquires Zapluk
Online classifieds portal Quikr India Pvt. Ltd has acquired on-demand beauty and wellness service provider Zapluk (ZapForce Technologies Pvt. Ltd).
Zapluk was founded by Manan...
Samsung Infringed Apple Patents: US Court
US court has ruled that Samsung had infringed on Apple's patents and owes the company nearly $120 million.
Court ruled that Samsung had infringed on...
Business Reform Action Plan Released
The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, in partnership with the World Bank Group, released the Business Reform...
DHFL Raises 10,000cr by NCDs
Dewan Housing Finance Corporation Ltd (DHFL) has raised Rs 10,000 crore by allotting NCDs to successful applicants.
The Board of company approved the allotment of...
SBI Declares Silchar as Its 5th Zone
The State Bank of India (SBI) has declared Silchar as its 5th zone in North East after Guwahati, Shillong, Dibrugarh and Jorhat.
It will cater...
IFCI Approves Stake Sale in Tourism Finance Corporation
IFCI board has given its approval to sell the company’s entire 26.09 per cent stake in Tourism Finance Corporation of India Ltd (TFCI).
TFCI has been...
NTPC HUDCO Raise 1370 Crores
NTPC and HUDCO raised Rs 670 crore and Rs 700 crore respectively through issuance of debt securities.
Besides, Power Finance Corporation had raised Rs 2,470...
Google Acquires Canadian Firm AppBridge
Google has acquired the Canadian technology firm AppBridge that helps companies transfer data to the technology giant’s cloud platform.
The company had earlier announced the...
Flipkart-eBay India Merger Deal in News
Flipkart’s acquisition of eBay India has received approval from the Competition Commission of India.
The transaction relates to the acquisition of 100 per cent share...
Twitter Relaxes 140 Character Limit
Twitter has eased its 140-character limit on tweets.
Media attachments such as photos, videos and polls are exempted from the character limit, as well as...
Facebook Buys Startup FacioMetrics
Facebook has bought facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat.
FacioMetrics was founded in...
Huawei Setup its Largest Service Centre
Chinese company Huawei launched its largest global service centre (GSC) in India with an initial investment of Rs136 crore.
The India GSC is co-located with...
European Union Fined Facebook
European Union has fined Facebook one hundred and twenty two million dollars for giving misleading information.
European Union’s competition watchdog said that Facebook had said...
Top Firms Mandated To Disclose Dividend Policy
According to SEBI, the top 500 listed companies (by market capitalisation) will now have to declare a dividend distribution policy to their shareholders.
In the...
Birla Group Enters Health Insurance
Aditya Birla Financial Services Group (ABFSG) has announced the unveiling of its standalone health insurance arm under the brand Aditya Birla Health Insurance (ABHICL).
ABHICL...
Google Unveils Android Nougat for Nexus
Google announced rollout of the latest version of its Android operating system -- Nougat -- for Nexus devices.
Google names each major release version of...
Netmeds Acquires Pluss
Online pharmacy company Netmeds has acquired Delhi-based hyper-local delivery app for health and medical needs Pluss.
Acquisition is the most practical and efficient way to...
Apple Patents BCUUI Technology
Apple has been granted a new patent for Touch ID related technology that will help catch Apple device thieves.
This technology is Biometric Capture for...
Airtel-Telenor Merger Gets Nod
Bharti Airtel has received the approval of the Securities and Exchange Board of India (SEBI), BSE and National Stock Exchange for the proposed scheme...
Tata Ties up with Top Academic Institutes
Tata Sons and Tata companies including Tata Consultancy Services (TCS), Tata Chemicals, Tata Communications, Tata Steel, and Jaguar Land Rover (JLR) have entered into...
3 Companies to Launch Investment Trusts
SEBI has given approval to three companies -- IRB Infrastructure , GMR and MEP Infrastructure -- to launch the Infrastructure Investment Trusts (InvITs).
Accordingly, these...
‘Small Business Champions’ Initiative Launched
A joint effort to facilitate participation by smaller companies in international trade was launched by the Director-General of the World Trade Organization (WTO), Roberto...
Myntra Acquires Stake in Brand HRX
Flipkart-owned Myntra has acquired majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan, and Exceed Entertainment.
HRX's range includes sports...
Quikr Acquires Stepni
Online classifieds company Quikr has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them, in an attempt to strengthen...
PayU Acquires Citrus Pay
Online payment service provider PayU has acquired Mumbai-based Citrus Pay for about ₹870 crore ($130 million).
Started in 2011, Citrus Pay provides consumer payments and...
Fortis Healthcare Merges its Diagnostics Facility
The Board of Directors of Fortis Healthcare Limited have approved a proposal to demerge its diagnostics business, including that housed in its majority owned...
Reliance Gets Contract for Naval Vessels
Reliance Defence and Engineering Ltd (RDEL) has signed a Rs. 916 crore contract with the Defence Ministry for the design and construction of 14...
RBI Impose Rs. 3 Crore Penalty on Union Bank
The Reserve Bank of India has imposed a penalty of ₹3 crore on Union Bank of India for non-compliance with the regulatory direction on...
‘Kakatiya Hub For Social Innovation’ Launched
The Telangana government has launched India's first social innovation centre -- The ‘Kakatiya Hub For Social Innovation’ in Nizamabad.
The ‘Kakatiya Hub For Social Innovation’...
Bombay Dyeing Buys Stake in Archway
Bombay Dyeing & Manufacturing Company Ltd has acquired 4.32% of equity share capital (2,24,400 equity shares) of Archway Investment Company Limited ("Archway") from minority...
India’s First Aadhaar-Linked Cashless Solution Launched
India's first Aadhaar-linked cashless merchant solution, was launched by IDFC Bank.
Individuals with Aadhaar-seeded savings accounts in any bank can transact on IDFC Aadhaar Pay...
RBL Bank Gets NPCI Nod for UPI
Private sector RBL Bank has received approval from the NPCI for providing services under the Unified Payment Interface (UPI) platform.
RBL Bank is registered as...
Dell Acquires EMC Corporation
Dell has completed its USD 67-billion deal to acquire EMC Corp.
The new company -- Dell Technologies -- will comprise Dell, Dell EMC, Pivotal, RSA,...
Birla Group Acquires Reliance Cement
Reliance Infrastructure Limited (RInfra) announced the successful completion of sale of its 100% shareholding in Reliance Cement Company Private Limited (RCCPL) to Birla Corporation...
Ratan Tata Invests in GOQii
Ratan Tata has invested in GOQii, a virtual fitness coaching platform.
GOQii has been ranked number one with a market share of 16.1 per cent...
New Credit Rating Framework for Infrastructure Projects
Credit rating agency CRISIL has developed a new credit rating framework for infrastructure projects that would facilitate greater participation by long-term investors and lenders....
IDFC Issues Rs 700cr Commercial Papers
IDFC Ltd has issued commercial papers (CPs) worth Rs 700 crore having maturity date of September 29, 2016.
These CPs have been rated as A1+...
Sun Pharma Acquires Ocular Technologies
Sun Pharma has completed the acquisition of the US-based eyecare specialist Ocular Technologies Sarl.
Sun Pharma acquired 100 per cent equity stake in Ocular Technologies...
NSE Introduces Online Facility for Investment
National Stock Exchange, Delhi has introduced an online facility for investment and subscription of exchange traded fund on its e-IPO platform.
National Stock Exchange (NSE) conducted...
LinkedIn Launches ‘Lite’ Version for India
LinkedIn Corp, the operator of the world's largest online business networking service, has launched in India a "Lite" version of its website for mobile...
Ascendas Singbridge to Build IT Park
Singapore-based business space solutions provider, Ascendas-Singbridge announced the unveiling of International Tech Park in Gurgaon (ITPG), an integrated IT park within the upcoming business...
Wipro Wins IT Deal from Norway
Global software major WiproLtd has bagged a three-year IT contract from Norway's largest transportation firm NSB Group.
The Oslo-based NSB operates rail and bus services...
New Gold Hedged Index Launched
Asia Index Pvt Ltd, a joint venture between the S&P Dow Jones Indices and the BSE, has launched a new Gold Hedged Index and...
CCI Okays Stake Acquisition in Vardhman Yarns
American & Efird Global has received Competition Commission's nod to buy an additional 40 per cent stake in Vardhman Yarns and Threads (VYTL), which...
New Foreign Re-insurers Got Approval in India
The Insurance Regulatory and Development Authority of India (IRDAI) has issued Certificate of Registration to Seven foreign Re-insurers to set up branches in India....
Fairfax Gets Stake in Catholic Syrian Bank
Fairfax Financial Holdings has received Reserve Bank of India (RBI)’s approval to acquire up to 51 per cent stake in Kerala-based Catholic Syrian Bank...
Lenovo Appoints Pankaj Harjai
PC maker Lenovo has appointed Pankaj Harjai to head its newly constituted Small and Medium Business (SMB) vertical.
Additionally, Pankaj has also taken charge of...
Company Law Introduces ‘Start-ups’
The concept of “start-up” has been introduced in the company law by the Ministry of Corporate Affairs.
MCA has defined “start-up” through an executive order...
Google’s New Undersea Cable in Asia
Google has started bringing online a new high-speed fibre optic undersea cable to speed up its services in Asia.
It has speed of up to...
BookMyShow Acquires ‘Masti Tickets’
BookMyShow has acquired an online ticket booking firm 'MastiTickets'.
The two-year-old Hyderabad start-up has presence in Andhra Pradesh and Telangana.
The Hyderabad firm has eight employees,...
Facebook, Twitter Join to Check Fake News
Facebook and Twitter have joined a coalition of media and technology groups seeking to filter out online misinformation and improve news quality on social...
PayTm Launches Payments Bank
Paytm has launched its own Paytm Payments Bank. Customers will also be offered zero charges on all online transactions and no minimum balance requirement.
The Payments...
Snapdeal Invests 200 crore in Branding
Snapdeal has invested Rs 200 crore in rebranding activities and also unveiled a new logo as the e-commerce major focuses on wooing the next...
Malwarebytes Acquires AdwCleaner
Security startup Malwarebytes has acquired a startup called AdwCleaner, whose product specifically tackles and removes adware and has seen a total of 200 million...
MobiKwik Gets Funding From Net1
“Net1” has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India.
As part of the strategic partnership, Net1 will invest $40...
Suzlon Gets New CEO
Suzlon Group has appointed J P Chalasani as its Group CEO.
He has deep and rich experience highly relevant to us and the power sector....
Govt Rejects Infosys Plan to set up IT SEZ
The Centre has rejected Infosys’ proposal to set up an IT special economic zone (SEZ) in West Bengal.
After deliberations, the Board of Approval (BoA)...
Wipro Acquires Chinese FMCG Firm
Wipro Consumer Care & Lighting (WCCL), part of billionaire Azim Premji-led Wipro Group, has acquired Chinese fast moving consumer goods (FMCG) company Zhongshan Ma...
Sensex Index Methodology Changed Now
S&P BSE Sensex 50 index was launched in December 2016 to measure the performance of the 50 largest BSE-listed firms.
Its constituents are selected from...
‘Open Data Initiative’ in News
Microsoft, Adobe Systems and SAP have formed an alliance to offer clients using their applications a unified view of data on their respective end-customers.
With...
Mutual Funds Allowed for Sovereign Gold Bonds
Bombay Stock Exachange has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse's...
‘Enterprise Ethereum Alliance’ in News
Wipro Limited has joined the Enterprise Ethereum Alliance (EEA) as a founding member.
The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology...
Union Bank Issues Tier II Bonds
Union Bank of India has issued 10,000 Basel III Compliant Tier II Bonds of face value Rs.10,00,000/- each at par aggregating to Rs.1000 crore...
Google Launches Accelerated Mobile Pages
Google has roll-out of Accelerated Mobile Pages (AMP) for mobile search results in India that will load web pages at a lightning fast speed.
With...
Flikpkart to Use Microsoft Cloud Platform
Microsoft announced a “strategic partnership” with Flipkart, wherein Flipkart will adopt Microsoft Azure as its exclusive public cloud platform.
The strategic partnership was aimed at...
Hyderabad Metro Enters Limca Book of Records
Hyderabad Metro Company has got 'three' records to its name in the Limca Book of Records.
This is the first time that Limca Book of...
Submarine Cable System ‘AAE-1’
Asia-Africa-Europe 1 (AAE-1) is a 25,000 km submarine communications cable system from South East Asia to Europe across Egypt, connecting Hong Kong, Vietnam, Cambodia,...
‘Ant Financial’ Acquires ‘Money Gram’
Ant Financial, e-commerce giant Alibaba’s financial arm, has reached an agreement to acquire American money-transfer major MoneyGram for $880 million.
The company owns Alipay, one...
RCom Sistema Deal Gets Green Signal
Stock exchanges BSE and NSE has given their go-ahead to its deal to acquire Russian conglomerate Sistema’s Indian telecom unit, Sistema Shyam Teleservices Ltd...
1145cr Project at Mormugao Port Approved
The Centre gave nod to a Rs. 1,145-crore project at Mormugao Port, Goa, for redevelopment of berths on public private partnership (PPP) mode. Mormugao...
Bharti Retail Merger With Future Group
Future Group’s Chief Executive Kishore Biyani has been appointed managing director of Bharti Retail as part of the reconstitution of the board following their...
Google Setup Virtual Reality Centre
Alphabet Inc's Google has created a virtual reality (VR) computing division and appointed Clay Bavor to head this venture. Mr Bavor is already the...
Yahoo Introduces ‘Captain’ Bot for Messenger
Yahoo has announced the launch of ‘Captain’ bot for Facebook Messenger.
Making use of machine-learning capabilities, it helps members of a group to manage activities...
Genpact Announces Buyback of Shares
Indian BPO firm Genpact has announced a $250 million share repurchase program.
The repurchase program will be funded using available cash or debt facilities, or...
Bharatiya Mahila Bank Merger With SBI
The Competition Commission of India has approved the amalgamation of Bharatiya Mahila Bank into State Bank of India (SBI).
Both the banks offer various banking...
SEBI Bars 4 Firms From Selling Assets
Securities and Exchange Board of India has prohibited four companies from selling various immovable and movable properties as part of its efforts to recover...
Yahoo Messenger Adds Video Sharing Feature
Yahoo launched a new feature of sharing videos on its instant messaging platform Yahoo Messenger.
The new feature is just like sending photos.
When composing a...
Apple To Pay 3Billion Euros to Ireland
The European Commission has ruled that Ireland should recover up to 13 billion euros from Apple in back taxes.
After a three-year investigation, it has...
NSDL Launches Facility For Trading in G-Secs
National Securities Depository Ltd (NSDL) has launched a facility for individual account holders to trade in such financial instruments such as Government Securities (G-secs).
The...
Amazon Gets RBI approval for E-Wallet
Amazon India has received the RBI’s approval for an e-wallet. The licence has been issued to Amazon Online Distribution Services on March 22, and...
Norms Tightened for Compulsorily Delisted Cos
According to SEBI, promoters of compulsorily delisted companies will not be allowed to sell their shares or take dividends till they provide an exit...
Customs Department Launches ‘SWIFT Clearances’
In order to make the process easy for millions of importers, the Central Board of Excise and Customs (CBEC) has launched a significant initiative...
BSE Launches Trading Test Facility
BSE launched an algorithm trading test facility for investors on its equity and derivatives platform. The new service is free-of-cost for market participants.
Algorithmic trading...
QuikrHomes Acquires Grabhouse
Online real estate firm QuikrHomes has acquired Bengaluru-based Grabhouse, a home rental marketplace with presence in 11 cities, and will integrate Grabhouse’s products and...
S&P BSE Liquid Rate Index Launched
Asia Index, a joint venture between S&P Dow Jones Indices and BSE, launched a new index to measure the performance of Collateralised Borrowing and...
Bayer Buy Monsanto in $66 Billion
German chemical and pharma giant Bayer announced acquisition of global biotech major Monsanto for $66 billion in largest all-cash deal ever, to create the...
Micromax Gets Land in Madhya Pradesh
The Madhya Pradesh government has decided to allot 10-acre land to smartphone manufacturer Micromax at Pithampur industrial area in neighbouring Dhar district.
Micromax was allotted...
Avantha and Advent International Stake Sale
Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group has transferred all the shares in the company to complete its stake sale to private equity...
Foreigners Allowed for Holdings in Ultra Tech
The Reserve Bank has allowed foreign investors to invest up to 30 per cent in Birla group Ultra Tech Cement.
Foreign institutional investors (FIIs)/registered foreign...