Vodafone and Idea Merger Deal Approved
The Competition Commission of India has approved the merger of Vodafone India and Idea Cellular.
The $23-billion transaction is the largest transaction by value in...
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...
MCX Sign Agreement with Singapore Diamond Exchange
Multi Commodity Exchange (MCX) has signed an agreement with Singapore Diamond Investment Exchange to explore areas of cooperation.
The MoU intends to facilitate cooperation between...
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...
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...
Pipavav Shipyard in News
Reliance Defence and Engineering Limited (formerly known as Pipavav Shipyard Limited & Pipavav Defence and Offshore Engineering Company Limited) is an Indian shipbuilding and...
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...
‘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...
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...
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...
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,...
UIDAI Barred Airtel from Aadhaar SIM Verification
The UIDAI has barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers using eKYC process as well as...
McDonald’s Sells China Operations
Fast-food giant McDonald’s of USA will sell its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle...
Tobacco Giant BAT Buys Reynolds
Tobacco company GIANT has bought USA firm REYNOLDS for USD 50 billion. Reynolds is the second biggest player in the USA market and has three...
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...
Discovery Enters Sports Telecast
Discovery Communications announced its entry into the sports telecast in India with the launch of an all-new channel DSPORT.
DSPORT will be a part 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...
Reliance Sign Ship Repair Agreement with USA
Reliance owned Reliance Defence and Engineering Ltd (RDEL) has signed Master Ship Repair Agreement (MSRA) with US Navy.
Reliance Shipyard at Pipavav, Gujarat is the...
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...
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...
Cipla Gets New Independent Director
Global pharmaceutical company Cipla Ltd, has appointed Peter Lankau as an independent director on its board with effect from January 10.
Lankau has graduated with...
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...
Consumer Complaints Registered Against e-Commerce Companies
The Consumer Protection Act, 1986 has been enacted to better protect the interests of the consumers.
The provisions of the Consumer Protection Act, 1986, covers...
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...
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...
YES Bank Raises Rs 3000cr from Bonds
YES Bank has raised Rs. 3,000 crore from bonds to fund business expansion.
With this capital raising, the bank’s Tier-I Capital Ratio will be at...
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...
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...
Bharti Airtel Buys Telenor India
Telecom operator Bharti Airtel announced acquisition of Norwegian Telenor's India unit.
Airtel will not make any cash payment for Telenor's India unit but will take...
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...
Bank of India Sells Stake in CIBIL
Bank of India (BoI) has sold its entire 5 per cent stake in credit information firm Trans-Union CIBIL Ltd to Trans-Union International Inc for...
BSE To Establish International Exchange
Leading stock exchange BSE got approval from the Corporate Affairs Ministry to establish BSE International Exchange and BSE International Clearing Corporation at Gujarat International...
Google Launches Neural Machine Translation
Search engine Google launched a new neural machine translation technology between English and nine widely used Indian languages — Hindi, Bengali, Marathi, Tamil, Telugu,...
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...
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...
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...
ONGC Buys Stake in BPCL
Union Cabinet approved sale of government’s stake in Hindustan Petroleum Corpration Ltd (HPCL) to Oil and Natural Gas Corporation (ONGC).
The ONGC will buy government’s...
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...
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 -...
Reliance Gets Nod for Defence Parks
The Madhya Pradesh government has approved proposals of Reliance group to set up a defence park and an aerospace park in the MP with...
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....
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...
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...
Maruti Tops Passenger Car Sales List
According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best selling passenger vehicles, Maruti's Alto retained the...
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...
‘International Securities Identification Number’ in News
SEBI has decided to increase the liquidity in the secondary market for corporate bonds by way of minimal number of ISINs (International Securities Identification...
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...
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...
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...
Paytm Gets Approval for Payments Bank
Mobile commerce company Paytm has got Reserve Bank of India (RBI) approval to formally launch Paytm Payments Bank.
Last year, the RBI had issued a...
Apple Appeals Against EU Tax Ruling
Apple launched a legal appeal against a EU decision in which it ordered the Apple Inc to pay billions in backtaxes to Ireland.
The European Commission, the...
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...
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...
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...
Sebi Relaxes Restrictions on 150 Entities
SEBI has eased restrictions on over 150 entities against whom it had taken action in two different cases of alleged misuse of stock market...
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...
Norms on Real Estate Investment Trusts Released
Markets regulator SEBI has released the detailed guidelines for public issuance of Real Estate Investment Trusts (REITs) including allocation of units to institutional investors.
Real...
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...
Tata Motors Signs Agreement with Microsoft
Tata Motors has signed agreement with Microsoft India to bring artificial intelligence, advanced machine learning and the Azure cloud service to car drivers.
While the...
PNB Makes Locker Visiting Facility Free
Punjab National Bank (PNB) has made locker visiting facility free for its customers. Earlier, the customers were allowed 12 free visits at lockers in...
HCL-Geometric Deal Gets CCI Nod
Competition Commission of India has approved IT company HCL Technologies equity swap deal to buy the business of Geometric Ltd.
CCI approves acquisition by HCL...
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...
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...
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...
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...
Indian Companies Allowed to Merge with Companies Abroad
The Centre has allowed Indian companies to merger with companies abroad. However, such outbound mergers will be allowed only with the prior approval of...
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...
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...
Apple Loses ‘iPhone’ Trademark Case
Apple Inc has lost a trademark lawsuit in China. The Beijing Municipal High People’s Court ruled in favour of Xintong Tiandi Technology (Beijing) limited,...
Woman Directors in Corporate India
Not only in managing the homes, the women in India are also very successfully managing the corporate sector too. They are the professionals in...
‘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...
TCS Pays $26 million to Orange County
India’s largest IT firm Tata Consultancy Services Ltd paid Orange County, California, $26 million to settle a lawsuit.
TCS and Orange County have agreed to...
Reliance Capital Sells its Stake in Paytm
Reliance Capital has sold about 1% of its stake in digital payments firm Paytm to China’s Alibaba Group for Rs. 275 crore.
Reliance Capital had...
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...
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...
Cochin Shipyard Launches IPO to Raise Funds
Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange in August 2017.
The company has raised Rs...
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...
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...
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...
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...
Bombay Stock Exchange Issues Bonds
The Bombay Stock Exchange will introduce new interest rate futures (IRF) contracts from December 30 on six-year government bonds maturing in 2022.
The IRF contract...
ICICI Bank Launches Bonds in Overseas Market
ICICI Bank has launched the USD 500-million dollar-denominated bond issue in the overseas market.
The bench market issue will be sold through the Dubai International...
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...
Microsoft Buys Startup Genee
Microsoft has bought a smart scheduling app Genee. The start-up, which was founded in 2014, will shut down its service on September 1.
Genee was...
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...
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...
Oracle Starts Cloud Computing Service for India
Oracle, the technology company that offers cloud applications, platform services, and engineered systems, sees a huge opportunity to serve smart city and other digital...
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...
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...
Rs26,000 cr Raised on NSE e-book Platform
Companies in India have raised about Rs 26,000 crore from the issuance of bonds on the NSE's newly launched electronic book mechanism platform.
The platform...
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...
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...
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...
Indian Language Speech Corpus
Microsoft India announced the availability of Microsoft Indian language Speech Corpus, offering speech training and test data for Telugu, Tamil and Gujarati. This is...
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...
RBI Nod to Mobiwik Payment System
Mobile wallet firm MobiKwik has received an in-principle approval from the RBI to set up a Bharat Bill Payments Operating Unit (BBPOU).
The company will...
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...
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...
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...
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...