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...
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...
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...
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...
Opera Browser Server Data Breached
Opera Software, which offers mobile browser under the same name, has warned that some user data may have been compromised, following a security breach...
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...
Xenok and GS Mace Sells Stake in Max Ventures
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 and Nilekani Starts Finance Company
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...
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...
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...
GMR Wins Contract for Goa’s Airport
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...
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...
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...
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...
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...
MCX and MSEI Ink Pact to Settle Dispute
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 Acquires Barclays Risk Analytics
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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)...
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...
HDFC ERGO Acquisition of L&T Insurance
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 Suspends Operations At Dasna
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...
Corporate Current Affairs
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 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...
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...
Govt Slaps $380m Fine on Reliance Industries
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...
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...
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...
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...
Aditya Birla to Merge with Grasim Industries
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...
Google Ventures CEO Quits
The chief executive and founder of Google's Alphabet Inc's venture capital arm GV, Bill Maris has left the company. He will be replaced by GV...
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...
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...
Big Bazaar Acquires EasyDay Stores
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...
Corporate Mergers and Acquisitions in 2016
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,...
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...
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...
DT and PVR Cinemas Deal Gets CCI Nod
The Competition Commission of India has approved the acquisition of DT Cinemas by PVR, subject to exclusion of certain assets in order to check...
Reliance Gets Defence Production Licences
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 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,...
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...
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...
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....
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...
New MidSmallcap 400 Index Launched
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...
Central Registration Centre of Corporate Affairs Launched
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 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...
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...
CPC Bengaluru Awarded ISO 9001:2008
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...
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...
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...
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...