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...

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...

‘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,...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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 -...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 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...

‘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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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)...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

‘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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Niti Aayog and Oracle Venture on Blockchain Technology

In order to fight the growing problem of counterfeit drugs in India, NITI Aayog and Oracle signed a Statement of Intent (SoI) to pilot...

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....

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...

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...

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...

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...