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,...

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...

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 Google Adopts EU-US Privacy Scheme

Three big IT companies Microsoft, Google and Salesforce have officially adopted the EU-US Privacy Shield framework. It enables them to receive personal data from 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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

Angel Investment in Startups Eased

In an attempt to boost early-stage funding in startups, SEBI relaxed norms for angel investors. Angel investors are financiers who put money in new companies...

Microsoft Launches Cybersecurity Centre in India

Microsoft has set up a cybersecurity engagement centre (CSEC) in the Delhi-NCR region. The India centre, which is the seventh such facility for the company...

Google Launches ‘Allo’ Messaging App

Google has launched its messaging app 'Allo', which would compete with the likes of WhatsApp and Facebook Messenger. Available for both Android and iOS platforms,...

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 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...

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...

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...

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...

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...

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...

‘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,...

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...

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...

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...

Quikr Acquires Stayglad

Online classifieds platform, Quikr has acquired Stayglad, a marketplace for beauty services. Stayglad with around 100 employees, would be merged with AtHomeDiva - a home...

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...

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...

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...

‘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’...

Sundaram Finance Merger with Sundaram Infotech

Sundaram Finance has decided to merge its Information Technology subsidiary Sundaram Infotech Solutions Ltd subject to necessary approvals. The Board of Directors at its meeting...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Ducati and YES Bank Signs Pact

Italian motorcycle company Ducati has signed a pact with YES Bank to provide retail finance to customers. As part of the agreement, YES Bank will...

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...

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...

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....

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...

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...

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...

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....

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...

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...

Facebook, Twitter Join to Check Fake News

Facebook and Twitter have joined a coalition of media and technology groups seeking to filter out online misinformation and improve news quality on social...

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...

MakeMyTrip Acquires Ibibo

Online travel company MakeMyTrip has acquired rival Indian travel company Ibibo. The combined entity will compete against rivals Yatra and Cleartrip. Founder Deep Kalra will...

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...

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...

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...

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...

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...

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...

Rosneft Group Acquires Essar Oil

Russian government controlled oil company Rosneft took over India's second biggest private oil firm Essar Oil in an all-cash deal valued at about $13...

Snapdeal Launches Cloud Platform Cirrus

Snapdeal launched its private cloud platform, Cirrus, to help the company offer a more frictionless, reliable experience to customers and help save costs. The private...

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...

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...

‘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...

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...

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...

HDFC ERGO Acquires L&T General Insurance

Housing Development Finance Corporation Ltd. (HDFC) subsidiary HDFC ERGO General Insurance Company Ltd. has completed Acquisition of L&T General Insurance Company Ltd. The company in...

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...

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...

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...

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...

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...

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...

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...

Bayer Buy Monsanto in $66 Billion

German chemical and pharma giant Bayer announced acquisition of global biotech major Monsanto for $66 billion in largest all-cash deal ever, to create the...

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,...

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...

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...

Reliance Defence Signs JV With Dassault

Reliance Defence has signed an agreement with Dassault Aviation of France, the makers of Rafale fighter jets, for a joint venture in India, to...

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...

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...

Dell Acquires EMC Corporation

Dell has completed its USD 67-billion deal to acquire EMC Corp. The new company -- Dell Technologies -- will comprise Dell, Dell EMC, Pivotal, RSA,...

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...

‘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...

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...

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...

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...

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...

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...