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...
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...
Tata Sons and Tata companies including Tata Consultancy Services (TCS), Tata Chemicals, Tata Communications, Tata Steel, and Jaguar Land Rover (JLR) have entered into...
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...
Opera Software, which offers mobile browser under the same name, has warned that some user data may have been compromised, following a security breach...
American & Efird Global has received Competition Commission's nod to buy an additional 40 per cent stake in Vardhman Yarns and Threads (VYTL), which...
Goldman Sach subsidiary Xenok and Mauritius based GS Mace Holdings have together sold over 2.09 per cent stake in Max Ventures and Industries.
Xenok and...
Ratan Tata, Nandan Nilekani and Vijay Kelkar have come together to set up a technology-enabled microfinance entity, Avanti Finance.
It will focus on delivering affordable...
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...
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...
GMR Airports Limited (GAL) has won the international competitive bid for development and operation of the Mopa greenfield airport in North Goa.
The concession period...
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...
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...
“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...
Commodity exchange MCX has entered into an agreement with stock bourse MSEI to settle their dispute over warrant cancellation out of court.
As per the...
Bloomberg has acquired Barclays Risk Analytics and Index Solutions Ltd (“BRAIS”) from Barclays PLC.
The transaction includes the widely-used Barclays fixed income benchmark indices, BRAIS...
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...
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...
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...
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...
Google announced rollout of the latest version of its Android operating system -- Nougat -- for Nexus devices.
Google names each major release version of...
Reliance Infrastructure Limited (RInfra) announced the successful completion of sale of its 100% shareholding in Reliance Cement Company Private Limited (RCCPL) to Birla Corporation...
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...
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)...
Punjab National Bank (PNB) has made locker visiting facility free for its customers. Earlier, the customers were allowed 12 free visits at lockers in...
Country’s fourth largest general insurer HDFC ERGO has received Competition Commission’s nod to acquire rival L&T General Insurance, a Rs 551 crore deal.
HDFC ERGO,...
Coca-Cola India has suspended its operations at a bottling plant in Dasna (Uttar Pradesh) after State authorities alleged environmental violations by the company.
Confirming receipt...
Weekly Corporate Current Affairs
Strides Shasun said that it will hive off its commodity focused active pharmaceuticals ingredients (API) manufacturing unit as a separate business...
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...
The Board of Directors of Fortis Healthcare Limited have approved a proposal to demerge its diagnostics business, including that housed in its majority owned...
The Government has slapped an additional penalty of $380 million (around Rs. 2,500 crore) on Reliance Industries and its partners for producing less than...
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...
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...
Aditya Birla Nuvo Ltd (ABNL) will soon merge with Grasim Industries Ltd.
The board of directors of Grasim Industries Ltd, ABNL and Aditya Birla Financial...
Leading stock exchange BSE got approval from the Corporate Affairs Ministry to establish BSE International Exchange and BSE International Clearing Corporation at Gujarat International...
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...
Bharti Retail’s stores Easyday have now become Big Bazaar outlets as the Future Group has completed their integration following the merger agreement in May...
According to the global deal tracking firm Dealogic, global merger and acquisition activity for the first half of this year amounted to $1.71 trillion,...
Reliance Defence Ltd, a wholly-owned subsidiary of Reliance Infrastructure, has received 16 new industrial licences to manufacture defence equipment such as armoured vehicles, electronic...
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,...
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...
NSE has launched a new Nifty MidSmallcap 400 index, which will represent the mid and small market capitalisation segments of the stock market.
India Index...
The Ministry of Corporate Affairs has taken the initiative in Government Process Re-engineering (GPR) and launched the Central Registration Centre (CRC), on the occasion...
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...
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...
The flagship project of Income Tax Department for processing of tax returns, Centralized Processing Centre (CPC) Bengaluru, has been awarded “ISO 9001:2008 standard for...
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...
