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...

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...

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...

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...

3 Companies to Launch Investment Trusts

SEBI has given approval to three companies -- IRB Infrastructure , GMR and MEP Infrastructure -- to launch the Infrastructure Investment Trusts (InvITs). Accordingly, these...

BP Sells its Stake in Castrol India

Castrol, a wholly-owned subsidiary of BP sold an 8.5-per cent equity stake in Castrol India. With this BP will now hold a 51-per cent stake...

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...

500 Million Yahoo Accounts Hacked

Yahoo has informed that hackers stole information from 500 million user accounts. Yahoo's Chief Information Security Officer Bob Lord said that the information was stolen...

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...

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...

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...

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...

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...

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,...

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....

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...

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...

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...

DT Cinemas Sold its Screens to Cinepolis

Realty major DLF sold its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore. Earlier DLF...

Adani Ports Acquires Australia’s APB

Adani Ports has signed a pact to acquire Australian firm APB for AUD 19.25 million (about Rs 97.5 crore). Abbot Point Operations Pty Ltd (APO),...

Mutual Funds Allowed for Sovereign Gold Bonds

Bombay Stock Exachange has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse's...

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,...

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...

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...

FirstCry Buys BabyOye For 362cr

Online babycare store FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the Mahindra's online babycare business BabyOye for Rs.362.1 crore in a cash and stock...

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...

Practo Partners With Ola Cabs

The healthcare platform Practo has partnered with transport-aggregator Ola for seamless and stress-free healthcare experience for their customers. With Ola's integration on the Practo app,...

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...

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...

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...

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...

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...

Google Launches Accelerated Mobile Pages

Google has roll-out of Accelerated Mobile Pages (AMP) for mobile search results in India that will load web pages at a lightning fast speed. With...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

Sony Acquire Ten Sports from Zee

Sony Pictures Networks India (SPN) has entered into an agreement to acquire TEN Sports Network from Zee Entertainment Enterprises Ltd. (ZEE) and its subsidiaries...

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....

Wipro Joins Oracle Cloud Service

Wipro has joined the Oracle's cloud managed service provider programme. Wipro's data centre is integrated with Oracle IaaS (Infrastructure as a Service) and PaaS (Platform...

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...

YES BANK Launches UPI Services

India’s fifth largest private sector bank, YES BANK has commenced first of its kind Unified Payments Interface (UPI) services by partnering with 50 businesses. The...

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...

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...

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....

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)...

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...

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...

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...

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...

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...

‘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...

Ratan Tata Invests in GOQii

Ratan Tata has invested in GOQii, a virtual fitness coaching platform. GOQii has been ranked number one with a market share of 16.1 per cent...

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...

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...

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...

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...

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...

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...

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...

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...

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...

‘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...

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...

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...

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...

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...

NTPC HUDCO Raise 1370 Crores

NTPC and HUDCO raised Rs 670 crore and Rs 700 crore respectively through issuance of debt securities. Besides, Power Finance Corporation had raised Rs 2,470...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Microsoft To Lay off Skype Employees

Microsoft is planning to close its London office of Skype and to lay off most of the nearly 400 people employed there. Microsoft made 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...

‘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...

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...

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...

Wipro Acquires Chinese FMCG Firm

Wipro Consumer Care & Lighting (WCCL), part of billionaire Azim Premji-led Wipro Group, has acquired Chinese fast moving consumer goods (FMCG) company Zhongshan Ma...

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...

Flipkart Gets 100 Million Customers

E-commerce platform Flipkart has got the registration of 100 million customer users -- making it the first online marketplace in India to reach this...

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...

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...

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...

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 -...

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...

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...