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Rupert Murdoch-led News Corp on Saturday announced the acquisition of India’s financial advisory start-up firm BigDecisions.com for an undisclosed sum. “BigDecisions.com aims to help Indi...
The corporate sector through its corporate social responsibility (CSR) arm has the ability to provide mobile connectivity to 50,000 villages, says a report by the Federation of Indian Chambers of...
‘Venture capitalists are bullish about Indian start-ups, and have increased focus on India.’
Files for conversion to a public company in Singapore
India’s foreign exchange (Forex) reserves grew by $2.17 billion to $316.83 billion for the week ended Dec 12, Reserve Bank of India (RBI) data showed.In the previous week (Dec 5), the reser...
Gold prices recovered by Rs. 85 to Rs. 27,310 per ten grams at the bullion market in the national capital on emergence of buying by jewellers and retailers at prevailing levels even as the preciou...
With aviation capacity coming under strain, national carrier Air India Saturday said that it is planning to ramp up capacity in the domestic sector by inducting more aircraft.The airline sa...
E-commerce major Flipkart on Saturday announced filing application with Singapore based companies’ regulator ACRA to become a public company after raising USD 700 million for long term strategic
Instagram worth $35 bn, surpasses Twitter  (20 December 01:46 pm) 
Photo sharing website Instagram has been valued at $35 billion by Citigroup, surpassing Twitter. ...
GreenDust to widen global presence  (19 December 11:48 pm) 
Refurbished goods retailer Reverse Logistics Corps, which operates GreenDust.com, is planning to expand its global footprint by entering Africa, South Asia and CIS. It has already started a pilot...
Zomato acquires Italy’s Cibando  (19 December 11:48 pm) 
The firm is aiming to launch in 15 more countries
The Centre has recast the Special Purpose Tea Fund (SPTF). This will lead to 100 per cent jump in subsidy given to the industry for rejuvenating its age-old bushes. Under the changes...
Adani, Downer in $2 billion deal  (19 December 11:48 pm) 
First mining in Queensland is scheduled for Q2 of 2016
The Central Board of Direct Taxes (CBDT) on Friday signed a bilateral Advance Pricing Agreement (APA) with a Japanese company. “This is India’s first bilateral APA. The APA is for five ye...
The modus operandi of the barred entities typically involved stock market dealings aimed at evading long-term capital gains tax.
India faces challenges that are mostly domestic, says Review
SpiceJet controls set to change  (19 December 11:48 pm) 
Due diligence process to be over in four weeks
Vistara opens bookings  (20 December 12:47 am) 
Vistara, the airline joint venture between Tata Sons and Singapore Airlines, has announced the launch of its operation in India from January 9 onwards. With Delhi as its hub, Vistara will initiall...
Bajaj Auto has bagged an order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government. The company through its distributor David Pieris Motor Company in Sri Lanka had se...
Rupee down 19 paise at 63.30 against dollar  (19 December 07:47 pm) 
The rupee on Friday lost 19 paise against the dollar at 63.30 at close as initial gains were washed out on account of strong demand for the U.S. currency from oil companies even as stock markets w...
Vistara to take to skies from January 9  (19 December 05:49 pm) 
Tata’s full service carrier in partnership with Singapore Airlines Vistara will take to the skies from January 9 by operating daily flights to Mumbai and Ahmedabad from Delhi, a company official
Sensex makes healthy gains  (19 December 04:47 pm) 
The BSE benchmark Sensex closed Friday’s trade up 228.74 points as capital goods and information technology stocks gained.Healthy buying was observed in metal, bank, oil and gas and technol...
HTC Global acquires CareTech Solutions  (19 December 04:47 pm) 
IT services company HTC Global Services has acquired CareTech Solutions Inc — an IT, web products and services provider based in the U.S., a statement said on Friday. “This acquisition is a...
Gold remains weak on subdued demand  (19 December 03:48 pm) 
Gold prices on Friday fell by another Rs 25 to Rs 27,225 per ten grams at the bullion market in Delhi due to slackened demand at prevailing levels from jewellers and retailers amid a weak trend ove...
The country’s economy is likely to grow at around 5.5 per cent in the current fiscal, the Finance Ministry said in its mid-year review tabled in Parliament on Friday.In the first six months...