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...

Bitcoin Trading Exchanges in India

The four major bitcoin exchanges in India are Zebpay, Unocoin, Coinsecure and Bitxoxo. Bitcoin is easy money and can easily be used for payment without...

Google Starts Made in India Initiative

Google India has announced its ‘Made in India’ initiative. Now, Indian developers can apply for a chance to have apps specifically optimised for the...

Airtel Payments Bank and HPCL Partnership

Airtel Payments Bank has entered into the partnership with Hindustan Petroleum Corporation Limited (HPCL) to add to customer convenience. All 14,000 HPCL fuel stations will...

RBI Impose Rs. 3 Crore Penalty on Union Bank

The Reserve Bank of India has imposed a penalty of ₹3 crore on Union Bank of India for non-compliance with the regulatory direction on...

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...

‘Small Business Champions’ Initiative Launched

A joint effort to facilitate participation by smaller companies in international trade was launched by the Director-General of the World Trade Organization (WTO), Roberto...

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...

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...

SBI Forms Subsidiary for Real Estate Services

State Bank of India (SBI) has created a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The...

SEBI Bans P-Notes on Derivatives

The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board...

‘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...

Submarine Cable System ‘AAE-1’

Asia-Africa-Europe 1 (AAE-1) is a 25,000 km submarine communications cable system from South East Asia to Europe across Egypt, connecting Hong Kong, Vietnam, Cambodia,...

Company Law Introduces ‘Start-ups’

The concept of “start-up” has been introduced in the company law by the Ministry of Corporate Affairs. MCA has defined “start-up” through an executive order...

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...

Flipkart-eBay India Merger Deal in News

Flipkart’s acquisition of eBay India has received approval from the Competition Commission of India. The transaction relates to the acquisition of 100 per cent share...

International Financial Services Centre Started

The National Stock Exchange of India launched its international exchange, NSE IFSC, at GIFT International Financial Services Centre (IFSC) at GIFT City in Gandhinagar. The...

Airtel-Telenor Merger Gets Nod

Bharti Airtel has received the approval of the Securities and Exchange Board of India (SEBI), BSE and National Stock Exchange for the proposed scheme...

Deal Signed to Manufacture F-16 Fighters in India

Tata Group of India and American Company Lockheed Martin have signed a deal to produce, operate and export the F-16 fighters in India. Under the...

SEBI Norms for Index Providers in India

Securities and Exchange Board of India (SEBI) has proposed new norms for index providers with emphasis on more disclosures and greater transparency. The Securities...

PayTm Launches Payments Bank

Paytm has launched its own Paytm Payments Bank. Customers will also be offered zero charges on all online transactions and no minimum balance requirement. The Payments...

Saudi Tech Fund Becomes World’s Largest

Private equity fund in Saudi Arabia has become the world'd largest fund as it raises over $93 billion to invest in technology sectors such...

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...

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,...

Yahoo Introduces ‘Captain’ Bot for Messenger

Yahoo has announced the launch of ‘Captain’ bot for Facebook Messenger. Making use of machine-learning capabilities, it helps members of a group to manage activities...

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...

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...

European Union Fined Facebook

European Union has fined Facebook one hundred and twenty two million dollars for giving misleading information. European Union’s competition watchdog said that Facebook had said...

Facebook Starts Express Wi-Fi Services in India

Facebook started its Express Wi-Fi internet services in India, which are already available at 700 hotspots across Uttarakhand, Gujarat, Rajasthan and Meghalaya. Express Wi-Fi has...

‘Enterprise Ethereum Alliance’ in News

Wipro Limited has joined the Enterprise Ethereum Alliance (EEA) as a founding member. The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology...

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...

Amazon Gets RBI approval for E-Wallet

Amazon India has received the RBI’s approval for an e-wallet. The licence has been issued to Amazon Online Distribution Services on March 22, and...

IFFCO Buys Stake in Gramin Health Care

IFFCO has bought a 26 per cent stake in start-up firm Gramin Health Care (GHC). The Gurgaon-based company GHC aims to provide timely medical advice and...

Karnataka Bank and SBI Jointly Launch Credit Card

Karnataka Bank and SBI Card have launched co-branded credit cards for the customers of Karnataka Bank. Through this alliance Karnataka Bank and SBI Card will...

Anil Agarwal Buys Stake in ‘Anglo American’ Corp

Indian billionaire Anil Agarwal has become the second largest shareholder in Anglo American after acquiring 11.44 per cent of the British mining group. The Volcan...

Business Reform Action Plan Released

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, in partnership with the World Bank Group, released the Business Reform...

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...

Google Buys Kaggle

Google has announced the acquisition of Kaggle, a start-up that hosts a number of data scientists. Founded in 2010, Kaggle is home to the world’s...

Google Acquires Canadian Firm AppBridge

Google has acquired the Canadian technology firm AppBridge that helps companies transfer data to the technology giant’s cloud platform. The company had earlier announced the...

BSE Ties up with Sentifi for Analysis and Updates

The BSE has tied up with a Swiss company Sentifi for social media updates of 40,000 globally listed stocks. Sentifi analyses in real time the...

Kotak Bank Approves Raising of Capital

The private sector Kotak Mahindra Bank’s board accorded its approval for raising capital through issue of equity shares, Global Depository Receipts, American Depository Receipts...

Airtel Sells Stake in InfraTel

Bharti Airtel has offloaded a 10.3 per cent stake in its tower infrastructure arm Bharti Infratel for Rs 6,193.9 crore to a consortium of...

Sensex Index Methodology Changed Now

S&P BSE Sensex 50 index was launched in December 2016 to measure the performance of the 50 largest BSE-listed firms. Its constituents are selected from...

‘Apple’ Patent Dispute in Chinese Court

Chinese court has ruled in favor of Apple in design patent disputes between Apple and a domestic phone-maker, overturning a ban on selling iPhone...

Airtel Acquires Tikona 4G Business

Bharti Airtel has entered into an agreement with Tikona Digital Networks to acquire the latter’s 4G business, including the Broadband Wireless Access (BWA) spectrum...

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...

Vedanta-Cairn Merger: Latest Developments

The Mumbai bench of the National Company Law Tribunal approved the merger of oil producer Cairn India with its metals giant parent, Vedanta Ltd. The...

SEBI Bans Reliance Industries

Securities and Exchange Board of India has banned Reliance Industries and 12 other entities from equity derivatives trading for one year. The 12 other entities...

Idea Cellular Merger with Vodafone India

Mobile giant Idea Cellular approved its amalgamation with Vodafone India and Vodafone Mobile Services. The board of directors of Idea Cellular approved the scheme of...

Jawaharlal Nehru Port Achieves Record Performance

Jawaharlal Nehru Port Container Terminal(JNPCT), one of the four terminals at JNPort which is directly managed by Port authority, handled 14,29,936 TEUS till 7th...

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....

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...

SBI Starts ‘Work from Home’ Facility

The State Bank of India (SBI) has launched a new facility to enable its employees to work from home. State Bank of India is an...

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...

Microsoft CEO Launches Project Sangam

Microsoft CEO Satya Nadella introduced the ‘Sangam’ platform, which is based on the world’s largest professional networking site LinkedIn, which will help the semi-skilled workers...

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...

YouTube Allows Live Streaming Like Facebook

YouTube has joined Twitter’s Periscope and Facebook, with the feature of live streaming from a mobile phone. To begin with, this feature, which has been...

Flikpkart to Use Microsoft Cloud Platform

Microsoft announced a “strategic partnership” with Flipkart, wherein Flipkart will adopt Microsoft Azure as its exclusive public cloud platform. The strategic partnership was aimed at...

India’s Biggest Share Buyback by TCS

Tata Consultancy Services announced a plan to buy back up to 5.61 crore equity shares for an aggregate price not exceeding ₹16,000 crore. This is...

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...

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...

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...

Tata Steel Signs Deal to Sell its UK Steel Business

Tata Steel has signed a definitive agreement to sell Speciality Steel business in the UK to Liberty House Group for 100 million pounds (about...

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...

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...

‘Kakatiya Hub For Social Innovation’ Launched

The Telangana government has launched India's first social innovation centre -- The ‘Kakatiya Hub For Social Innovation’ in Nizamabad. The ‘Kakatiya Hub For Social Innovation’...

‘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...

Reliance Gets Contract for Naval Vessels

Reliance Defence and Engineering Ltd (RDEL) has signed a Rs. 916 crore contract with the Defence Ministry for the design and construction of 14...

Zee Launches 2 Channels for Africa

Zee Entertainment Enterprises Ltd has launched the two new channels, Zee Bollymovies and Zee Bollynova for Africa. Zee Bollymovies aims to become the number one...

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,...

‘Group M’ Acquires ‘MediaCom India’

WPP’s GroupM, the major global media investment group, acquired a majority stake in MediaCom India, a joint venture between GroupM India and Sam Balsara,...

Hugo Barra Joins Facebook

Former Xiaomi Vice President Hugo Barra has joined Facebook. He will join the world's largest social networking major's Virtual Reality initiative called Oculus. Barra is...

Swiss Company Gets IRDA Approval in India

Wholesale reinsurance provider Swiss Re has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai. With...

PVR Cinemas Introduces Theatre-on-Demand

Multiplex chain operator PVR launched theatre-on-demand service ‘Vkaao’. PVR operates 562 screens in 122 properties in 48 cities in India. Vkaao is an online platform that enables...

Warburg Pincus Buys Stake in PVR Cinemas

Affiliates of Warburg Pincus have acquired an equity stake of approximately 14% in PVR, India’s largest film and retail entertainment company for approximately Rs....

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...

Market Reforms: SEBI Amends Existing Norms

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988...

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...

Airtel Payments Bank Launched

Bharti Enterprises Chairman Sunil Bharti Mittal launched India’s first payments bank – Airtel Payments Bank – giving a 7.25% interest on savings accounts, which...

SpiceJet Boeing Deal for 205 Planes

SpiceJet has done a deal with Boeing to purchase up to 205 new aircrafts with the order valued at Rs 1,50,000 crore. With the earlier...

New Credit Rating Framework for Infrastructure Projects

Credit rating agency CRISIL has developed a new credit rating framework for infrastructure projects that would facilitate greater participation by long-term investors and lenders....

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...

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...

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...

Bombay Stock Exchange Gets Nod for IPO

Indian Stock Exchange, BSE has got clearance for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). BSE had filed a...

Fairfax Gets Stake in Catholic Syrian Bank

Fairfax Financial Holdings has received Reserve Bank of India (RBI)’s approval to acquire up to 51 per cent stake in Kerala-based Catholic Syrian Bank...

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...

Major Policy Initiatives in Corporate Sector

Following are the major Policy Initiatives and Achievements of the Ministry of Corporate Affairs, Government of India during the Year-2016: 1. To review the Companies...

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...

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...

Nokia Sues Apple for Patent Infringement

Finland company Nokia has sued American giant Apple Inc in Germany and USA courts for patent infringement. According to Nokia, Apple is using Nokia technology in...

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...

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...

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...

Sun Pharma Acquires Ocular Technologies

Sun Pharma has completed the acquisition of the US-based eyecare specialist Ocular Technologies Sarl. Sun Pharma acquired 100 per cent equity stake in Ocular Technologies...

RBI Nod to 3,000 Crore Masala Bonds

Reserve Bank has granted permission HDFC to raise another Rs. 3,000 crore via Masala Bonds. HDFC has already exhausted a Rs. 5,000 crore limit to...

S&P BSE Sensex 50 Index Launched

Asia Index launched the S&P BSE Sensex 50 Index to measure the performance of the 50 largest BSE-listed companies. The Index is designed to measure...

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...