Share Tendering Process Eased
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 Signs pact with NITTTR
ABB India has signed an MoU with the National Institute of Technical Teachers Training & Research (NITTTR), Chandigarh to establish a Simulation Center of...
CoutLoot Gets Funding from Facebook
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...
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...
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...
Sundaram Finance Merger with Sundaram Infotech
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...
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...
Angel Investment in Startups Eased
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...
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...
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...
HCL Acquires Butler America Aerospace
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...
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...
Microsoft Launches Cybersecurity Centre in India
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...
Nissan Completes Mitsubishi Takeover
Nissan Motor had completed a deal to take a controlling stake in Mitsubishi Motors Corp.
Japan's No. 2 automaker Nissan Motor has agreed to make...
Wipro Acquires Appirio for $400 mn
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...
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...
MakeMyTrip Acquires Ibibo
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...
Nokia, Bharti Airtel Venture on 4G
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 Joins EU’s Privacy Shield Treaty
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...
RBI De-Register NBFC
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...
Singapore Airlines Bans Samsung Note 7
Singapore Airlines has banned Samsung's Galaxy Note 7 mobile phones from all its flights and any passenger carrying one will not be allowed to...
Rosneft Group Acquires Essar Oil
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...
FirstCry Buys BabyOye For 362cr
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...
Infosys Declares 220% Dividend
IT Company Infosys Ltd declared an interim dividend of a whopping 220 per cent or Rs 11 per share of Rs 5 face value...
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...
Docomo Sues Tatas in US Court
Japanese telecom company NTT Docomo has sued Tata Sons in an American court, seeking $1.2 billion in damages that it had won in the...
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...
PwC and Microsoft Forms an Alliance
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)...
Ducati and YES Bank Signs Pact
Italian motorcycle company Ducati has signed a pact with YES Bank to provide retail finance to customers.
As part of the agreement, YES Bank will...
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...
Reliance Defence Signs JV With Dassault
Reliance Defence has signed an agreement with Dassault Aviation of France, the makers of Rafale fighter jets, for a joint venture in India, to...
Microsoft Partners with WorkDay
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...
SEBI Relaxes Norms for Employees
The Securities and Exchange Board of India (SEBI) decided to relax its regulations to enable employees to apply for shares over the Rs 200,000...
Apple Inc Acquires Startup ‘Tuplejump’
US tech giant Apple has acquired Tuplejump -- a Hyderabad-based machine learning startup that helps companies to store, process and visualise big data with...
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...
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...
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...
IRDAI Slaps Penalty on SBI Life Insurance
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...
Vodafone Invests Rs 47,700 crore
Vodafone India has received an equity infusion of Rs 47,700 crore from Vodafone Group in the first half of the current fiscal.
This equity infusion...
UPL Sells Its Stake in Bangladesh JV
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,...
Reliance Defence Gets Naval Warship Order
Reliance Defence has got a contract for the refit of three naval warships at its facility at Pipavav in Gujarat.
The refit of the three...
3 Billion Fund for Medical 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 -...
Practo Partners With Ola Cabs
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,...
BP Sells its Stake in Castrol India
Castrol, a wholly-owned subsidiary of BP sold an 8.5-per cent equity stake in Castrol India.
With this BP will now hold a 51-per cent stake...
Flipkart Gets 100 Million Customers
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 Launches ‘Allo’ Messaging App
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 Joins Oracle Cloud Service
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...
Adani Ports Acquires Australia’s APB
Adani Ports has signed a pact to acquire Australian firm APB for AUD 19.25 million (about Rs 97.5 crore).
Abbot Point Operations Pty Ltd (APO),...
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...
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...
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...
Alibaba Trade Facilitation Centre Program
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...
Patanjali Herbal Food Park in Nepal
Patanjali Yogpeeth would set up a food and herbal park in Nepal.
The announcement was made by Baba Ramdev during his meeting with Nepalese Prime...
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...
Uber Signs Pact with T-Hub
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...
Federal Skill Academy Launched
Federal Bank has launched its second Federal Skill Academy at Coimbatore, as part of its CSR initiatives. The first one being inaugurated last year...
Facebook Acquires Startup ‘Nascent Objects’
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...
Twitter to Provide Live Updates of BSE
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...
Twitter Lay off at Bengaluru Office
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...
JSW Energy and Bina Thermal Plant Deal
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...
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...
Microsoft To Lay off Skype Employees
Microsoft is planning to close its London office of Skype and to lay off most of the nearly 400 people employed there.
Microsoft made the...
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+...
USA Govt’s $38 billion Aid to Israel
The United States will give Israel $38 billion in military assistance over the next decade. Agreement in this regard has been signed by USA...
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...
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...
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...
Reliance Com and Aircel Merged
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, 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...
Ratan Tata Invests in Startup ‘IdeaChakki’
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...
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...
Google Invest in Diabetes Venture
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 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...
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...
Vodafone BSNL Ink Pact on 2G Roaming
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...
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...
HDFC ERGO Acquires L&T General Insurance
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...
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...
IDBI Bank Sells Stake in CARE
Public sector IDBI Bank has sold its stake in Credit Analysis and Research Ltd (CARE) through open market to 0.94 per cent.
IDBI Bank held...
RBI Cancels Registration of 5 NBFCs
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...
Google Acquiring Apigee
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...
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...
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,...
YES BANK Launches UPI 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...
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...
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...
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...
NIFTY Hits 8900 1st Time Since 2015
The CNX Nifty hit the 8,900 mark for the first time in 18 months. In intra-day trading, Nifty touched a high of 8,905.10, a...
NTT Docomo and Tata Group Dispute
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 Sign Agreement with Canadian Govt
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 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...
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...
DT Cinemas Sold its Screens to Cinepolis
Realty major DLF sold its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore.
Earlier DLF...
Reliance Jio Digital India Startup Fund Launched
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 Launches Cloud Platform Cirrus
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 Acquire Ten Sports from Zee
Sony Pictures Networks India (SPN) has entered into an agreement to acquire TEN Sports Network from Zee Entertainment Enterprises Ltd. (ZEE) and its subsidiaries...
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...
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...
Reliance MF Acquires Goldman Sachs MF
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...
MobiKwik Ties With 12 Electricity Boards
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...