The process of tendering shares by investors in the case of takeovers/ buybacks/ delisting of shares using the stock exchange mechanism has been eased.
SEBI...
ABB India has signed an MoU with the National Institute of Technical Teachers Training & Research (NITTTR), Chandigarh to establish a Simulation Center of...
CoutLoot, a fashion reverse commerce platform based in Mumbai had been selected for Facebook’s developer-focused FbStart programme.
The programme is designed to help early-stage mobile-focused...
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...
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...
Sundaram Finance has decided to merge its Information Technology subsidiary Sundaram Infotech Solutions Ltd subject to necessary approvals.
The Board of Directors at its meeting...
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...
In an attempt to boost early-stage funding in startups, SEBI relaxed norms for angel investors.
Angel investors are financiers who put money in new companies...
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...
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...
HCL Technologies Ltd has acquired US-based Butler America Aerospace for $85 million (Rs 569 crore).
The acquisition of Butler will bolster HCL's capabilities in aerospace...
Microsoft has set up a cybersecurity engagement centre (CSEC) in the Delhi-NCR region.
The India centre, which is the seventh such facility for the company...
Wipro, an International IT company has acquired US-based consultancy firm Appirio.
Appirio is a services firm with a large offshore firm that helps corporates implement...
Security startup Malwarebytes has acquired a startup called AdwCleaner, whose product specifically tackles and removes adware and has seen a total of 200 million...
Online travel company MakeMyTrip has acquired rival Indian travel company Ibibo. The combined entity will compete against rivals Yatra and Cleartrip.
Founder Deep Kalra will...
Bharti Airtel and Nokia announced the deployment of 4G technology across nine circles in India.
Airtel will leverage Nokia's leading radio access technology and services...
Facebook has agreed to adopt a new European Union (EU) data accord that allows personal information to be transferred to the USA.
Facebook has quietly...
The Reserve Bank has cancelled of registration of Comfort Intech Limited and while another surrendered its certificate.
Comfort Intech cannot transact the business of a...
Russian government controlled oil company Rosneft took over India's second biggest private oil firm Essar Oil in an all-cash deal valued at about $13...
Online babycare store FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the Mahindra's online babycare business BabyOye for Rs.362.1 crore in a cash and stock...
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...
Consultancy firm PwC India has formed a alliance with Microsoft India to empower Indias digital transformation.
PwC has also joined Microsoft's Cloud Solution Provider (CSP)...
Tech giants Microsoft and Workday have joined hands to expand the business solutions.
By blending the power of Workday's cloud-based finance and HR applications with...
US tech giant Apple has acquired Tuplejump -- a Hyderabad-based machine learning startup that helps companies to store, process and visualise big data with...
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 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...
Wipro Consumer Care & Lighting (WCCL), part of billionaire Azim Premji-led Wipro Group, has acquired Chinese fast moving consumer goods (FMCG) company Zhongshan Ma...
Insurance regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms.
Inspection reports indicated that...
Company UPL has divested its entire stake in its joint venture United Phosphorus (Bangladesh).
UPL is the leading agrochemical company and is engaged in research,...
Facebook CEO Mark Zuckerberg and his wife Priscilla Chan have pledged $3 billion to fund medical research over the next decade.
Chan Zuckerberg Initiative -...
The healthcare platform Practo has partnered with transport-aggregator Ola for seamless and stress-free healthcare experience for their customers.
With Ola's integration on the Practo app,...
E-commerce platform Flipkart has got the registration of 100 million customer users -- making it the first online marketplace in India to reach this...
Google has launched its messaging app 'Allo', which would compete with the likes of WhatsApp and Facebook Messenger.
Available for both Android and iOS platforms,...
Wipro has joined the Oracle's cloud managed service provider programme.
Wipro's data centre is integrated with Oracle IaaS (Infrastructure as a Service) and PaaS (Platform...
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...
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...
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...
Alibaba has entered into agreements with new partners in India to explore the establishment of an expanded Trade Facilitation Centre (TFC) program in India.
The...
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...
Taxi firm Uber has started Uber Exchange in association with T-Hub.
T-Hub is the tech start-up incubator promoted by the Telangana Government.
Under the agreement, Uber...
Facebook has acquired Silicon Valley-based start-up Nascent Objects.
The acquisition is part of Facebook CEO Mark Zuckerberg's 10-year plan which includes big bets in artificial...
Bombay Stock Exchange (BSE) has partnered with Twitter to provide real-time market updates via tweets and direct messages (DM).
BSE is Asia's first stock exchange...
Micro-blogging platform Twitter has decided to lay off a large chunk of its global engineering team based at its Bengaluru development centre.
Twitter is shutting...
The Competition Commission has approved JSW Energy's purchase of the 500MW Bina thermal power plant.
Under the deal, announced in July, JSW Energy will buy...
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...
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...
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...
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...
Reliance Communications and Aircel announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
RCom and Maxis...
Facebook and Twitter have joined a coalition of media and technology groups seeking to filter out online misinformation and improve news quality on social...
Ratan Tata has invested in a food-tech venture IdeaChakki.
The Delhi-based start-up IdeaChakki provides digital video menu for restaurants and allows customers to gift food...
Online classifieds platform, Quikr has acquired Stayglad, a marketplace for beauty services.
Stayglad with around 100 employees, would be merged with AtHomeDiva - a home...
French drugmaker Sanofi and Google owner Alphabet's life sciences firm Verily are to invest about $500 million in a diabetes joint venture combining devices...
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...
SEBI has given approval to three companies -- IRB Infrastructure , GMR and MEP Infrastructure -- to launch the Infrastructure Investment Trusts (InvITs).
Accordingly, these...
Vodafone and BSNL have inked a countrywide 2G intra-circle roaming agreement to provide better telecom services to their respective customers.
2G intra-circle roaming agreement is...
Housing Development Finance Corporation Ltd. (HDFC) subsidiary HDFC ERGO General Insurance Company Ltd. has completed Acquisition of L&T General Insurance Company Ltd.
The company in...
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...
The Reserve Bank cancelled the registration certificates of five non-banking financial companies (NBFCs) while two surrendered their certificate to the central bank.
The entities whose...
Alphabet's Google is acquiring software developer Apigee to strengthen its cloud business.
The deal valued at about $625 million.
Apigee's software helps a company's backend services...
India’s fifth largest private sector bank, YES BANK has commenced first of its kind Unified Payments Interface (UPI) services by partnering with 50 businesses.
The...
Online classifieds company Quikr has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them, in an attempt to strengthen...
According to SEBI, promoters of compulsorily delisted companies will not be allowed to sell their shares or take dividends till they provide an exit...
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...
Tata Group approached a London Commercial Court seeking annulment of an ex-parte order obtained by the NTT Docomo for enforcement of the arbitral award...
Alibaba Group Executive Chairman Jack Ma and Canadian Prime Minister Justin Trudeau unveiled a declaration of cooperation that will strengthen efforts to promote trade...
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...
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...
Mukesh Ambani, Chairman of Reliance Industries, has launched a venture capital fund.
He announced plans to set up a ₹5,000-crore VC fund — Reliance Jio...
Snapdeal launched its private cloud platform, Cirrus, to help the company offer a more frictionless, reliable experience to customers and help save costs.
The private...
Sony Pictures Networks India (SPN) has entered into an agreement to acquire TEN Sports Network from Zee Entertainment Enterprises Ltd. (ZEE) and its subsidiaries...
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...
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...
Reliance Capital Asset Management has begun the process of merging the schemes of Goldman Sachs' mutual fund with itself.
Reliance Capital Asset Management, in October...
Digital payment company MobiKwik tiedup with 12 more electricity utilities including state boards to facilitate bill payments.
The state electricity boards that have tied up...
