- Mumbai based Hansa Cequity raises Rs. 30 crore from ASK Pravi.
- Sun Pharma asks 18 senior executives of Ranbaxy to leave as an integration plan post merger.
- Arun Kumar appointed as the Director of Finance department for PTC India.
- Himatsingka's proposal to invest Rs. 1325 crore along with seven other projects in Karnataka gets state government's approval.
Source: Economic Times
- SunEdison, world's largest renewable energy development company signs a definitive agreement to acquire Mumbai based Continuum Wind Energy.
- Charles Correa, famed as 'India's greatest Architect' dies at the age of 84 years.
- Khadi sale hikes upto 60% after Prime Minister's appeal to buy khadi as homage to Gandhiji.
- Reliance Industries issue an advisory stating not to drink & drive to its employees.
- Four Top-most Audit Firms shortlisted to help Railways to rationalize its staff strength.
Source: Economic Times
- Petrol price hiked by 64 paise per litre; Diesel price cut by Rs. 1.35 per litre.
- Lafarge, French Cement maker to acquire 14% stake at its Indian Subsidiary for $ 304 million; Indian unit to be its 100% subsidiary.
- Sandeep Singh, senior executive at Toyota Asia-Pacific resigns.
Source: Economic Times
- Dhiraj Relli appointed as the Managing Director & Chief Executive Ofiicer for HDFC Securities.
- Merger of Vedanta Ltd. with Cairn India Ltd. approved by the Board of both entities.
- Five Lakh new debit cards to be issued by India Post over the next month.
- Air India applies for Pre-clearance for US-bound passengers to beat competition.
Source: Economic Times
- Flipkart appoints Ravi Garikipathi as entrepreneur in residence.
- Tata Group launches an e-commerce portal named Mytatastore.com for its employees.
- Ashish Rai quits The Leela to join Westin Mumbai.
- Venture & growth capital firm Sequoia invests Rs. 100 crore in Ahmedabad based Pharmaceutical La Renon Helthcare.
Source: Economic Times
- Snapdeal appoints Anand Chandrasekar as the new product chief.
- AIDS drugs now exempted from custom duty.
- Fares Kilpady, vice president for SpiceJet's revenue management resigns.
- Government denies extension to SAIL chairman; Steel secretary given charge.
- Hindustan Unilever to withdraw 'Knorr' Chinese instant noodles; awaits FSSAI approval.
Source: Economic Times
- DLF enters into a definitive agreement to sell its DT Cinemas to PVR Cinemas for Rs. 500 crore.
- RoomsTonite, the last minute hotel booking app partners with taxi app Uber in India.
- Sanjay Aggrawal, former Kingfisher CEO funds Zen Rooms, a budget hotel booking site .
- Airtel increases the price of data packs for pre-paid customers in Delhi.
Source: Economic Times
- Taco Bells gives its first Indian franchisee to Burman Hospitality.
- Anshu Jain resigns as co-chief executive of Deutsche Bank after struggle with regulatory woes; to be replaced by John Cryan.
- Doordarshan to launch weekly news programme in Sanskrit.
- Bombay Dyeing to sell its last textile manufacturing unit at Ranjangaon on a slump sale basis for Rs. 230 crore.
- Union Home Ministry denies security clearances to Kalanidhi Maran backed Sun TV Network; channels may go off air.
- Rajasthan Government enters into a pact with Essel Group to set up solar parks in the state.
- Pharma majors GlaxosmithKline & Sanofi India face penalties worth Rs. 60 crores and 3 crores respectively for indulging in unfair trade practice.
- Bombay High court bars Mr. Diwan Arun Anand & Mr. M R Srivasanto take charge in Yes Bank as Independent Directors upto June 18.
- Competition Commission closes case against IATA(International Air Transport Association) due to lack of evidence.
Source: Economic Times
- Reliance Retail appoints Mr. Hemant Kumar Ruia as its Chief Financial Officer.
- With major controversy regarding health concerns over Nestle Maggi noodles along with a ban on the products in certain areas, production reduced to third & product withdrawn in Indian market for some time by the company.
- Sony to launch Android TV range next week.
- Ginger Hotels appoint Mr. Rahul Pandit to act as their Chief Executive Officer.
- Ministry of Defence lead Mishra Dhatu Nigam Limited, enters into a Research & Development agreement with the research arm of Steel Authority of India Limited(SAIL).
Source: Economic Times
- Airbus consolidates its defence and aerospace business in India naming Pierre de Barsset as its new prsident.
- Star India enters into an production and distribution agreement with Dharma Productions worth Rs. 500 crore.
- KEC International's proposed deal to sell its 381 telecom sites gets CCI (Competition Commission of India) approval.
- India signs a bio-tech pact with UK based Cambridge University.
Source: Economic Times
- V L Rajesh named as food business head for ITC.
- A special investment panel set in Infosys to oversee acquisitions.
- State-owned BHEL (Bharat Heavy Electronics Limited) bags an order worth Rs. 18,000 crore in Telangana to set up a 400 MV plant.
- Telecom minister Ravi Shankar Prasad announces free national roaming calls by BSNL from June 15 onwards.
Source: Economic Times
- Vinayak Bahugana appointed as the MD & CEO for India's largest Asset Reconstruction Company Arcil (Asset Reconstruction Company of India).
- P K Mukherjee, a former Vedanta executive director hired by Essar Group.
- Pawan Munjal to be the chairman for Hero Motorcorps after his father Brijmohan Lall Munjal steps down.
- Emaar MGF's owner Shravan Gupta discloses an undeclared income worth Rs. 31 crore to ITSC (Income Tax Settlement Commission);seeks immunity over penalty.
- Wolfgang Prock Shauer appointed as the new CEO for GoAir.
- Revised rate of Service Tax effective from today; to be charged at 14% instead of 12.36%.
- Amul Milk prices hiked by Rs. 2 per litre in certain parts of Gujarat.
- Yoga sessions introduced by Air India as a part of their new training structure.
- Separate business unit to focus on Africa set by Mahindra & Mahindra.
Source: Economic Times
- Adani Group's Carmichael coal project in Australia faces legal challenges from aboriginal landowners of the said land.
- Veena Jain posted as the Director General(News) of Doordarshan.
- Railways' IT department to be headed as Ex-NASSCOM chief Som Mittal.
- Workers at Tata Steel's UK unit vote in favour of strike against the change in pension policy.
- Chanda Kochhar of ICICI gets a 12% salary hike.
- FDA serves notice on actress Madhuri Dixit for her claims in Maggi Advertisement.
- Idea Cellular's CEO Himanshu Kapania elected as the chairman of Cellular Operators Association of India (COAI).
- Vodafone's stake in Bharti Airtel sold for Rs. 1280 crore in order to fulfill regulatory requirements.
- Lighting business of Philips India demerged to focus on LED business.
- Pushpanjali Crosslay's 76% stake acquired by Max Healthcare for Rs. 287 crore.
- Airlines asked to reserve 2 window seats for disabled people.
- Future Group hires Manjula Tiwari, Jabong's fashion unit head as a senior executive.
- Ministry of Corporate Affairs issues a notice for inspection of books to United Spirits; also a notice u/s 131 issued by Income Tax Department.
- GAIL (India) sells some of its US LNG to Europe's Royal Dutch Shell.
- Parag Kulkarni named as the Managing Director of AO Smith Corporation for Indian operations.
- Daimler India inaugurates its bus plant near Chennai; to export buses under the brand Mercedes Benz.
Source: Economic Times
- Chinese solar products maker JA Solar Holdings enters into an agreement with Essel Infra projects to set up a 500 MW solar power unit in India.
- UrbanPro, a local online service provider raises Rs. 100 crore from Nirvana Venture.
- Future Group to buy consumer products business of Grasim Industries on a slump sale basis.
- Indian Oil Corporation to infuse Rs. 1000 crore in Chennai Petroleum Corporation Limited for expansion.
- ICICI Bank launches voice password facility for users of phone banking facility.
- Manoj Mishra appointed as the Chairman & Managing Director for state owned National Fertilizers.
- Reliance Retail to borrow Rs. 4500 crore through term loans & debentures to built its e-commerce business.
- Central Board of Secondary Education (CBSE) gets legal notice from Sanskrit Shikshak Sangh (SSS) as private schools shun 3-language formula.
- SpencerStuart's chief executive India Anjali Bansal resigns; to be replaced by an internal successor.
Source: Economic Times
- ArcelorMittal & SAIL (Steel Authority of India Limited) sign a Memorandum of Understanding to set up an automotive steel manufacturing facility in India.
- Cipla enters into a pact to acquire 51% stake in Uganda Quality Chemicals for over USD 30 million.
- Honda Cars announce an investment of Rs. 380 crore to expand its production facility at Rajasthan.
- CCI (Competition Commission of India) orders probe against telecom major Ericson for an alleged abuse of its dominant position.
Source: Economic Times
- Investment worth Rs. 10,500 crore on urea plants in Assam & Jharkhand gets government approval.
- Punit Soni, Flipkart's chief product officer makes a personal investment in RazorPay, a payment gateway company.
- Mahindra & Mahindra signs a definitive agreement to purchase 33% stake in Mitsubishi Agricultural Machinery Company.
- Private Power producer CESC considers to invest Rs. 2000 crore to strengthen its distribution network.
- Cadila Healthcare in final stage of acquiring Claris Lifesciences for near Rs. 3400 crore.
- SBI ties up with Amazon to access financing for $ 22 billion Indian e-commerce market.
- Gaurav Gupta appointed as the Vice President Engineering for Snapdeal.
- Nipman Fastener enter into an agreement for auto-components with IC-Ryung.
- Honey well & Tata Power Delhi Distribution successfully implement first ever automated demand response project in India.
- Big Retailers including Shoppers Stop & Reliance Retail file a case against Central Government demanding equality on FDI (Foreign Direct Investment) with e-tailers.
- BSNL to allow customers to use their unused mobile data on next recharge.
- Essar Foundation enters into an agreement for Job Training with National Skill Development Corporation (NSDC).
- Union Textile Ministry to come out with schemes worth Rs. 427 crore to promote geo-technical textiles in North East India.
Source: Economic Times
- IRCTC enters into a Memorandum of Understanding with UPICO to impart catering training.
- Airtel raises $ 2.5 billion to expand data networks from Chinese banks.
- Centre allocates Rs. 5000 crore for development of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha & Homeopathy).
- Haresh Mariwala of Marico joins TISS (Tata Intitute of Social Sciences) initiative to create awareness on mental health.
- Minerals & mining major Vedanta to refinance loans worth $ 1.6 billion in Indian Markets.
- Shamik Das hired as the chief corporate development officer at Reliance Jio.
- Hike in petrol and Diesel price by Rs. 3.13/litre & Rs. 2.71/litre respectively.
- Supreme Court restrains Glenmark pharmaceuticals from manufacturing & selling its anti-diabetes medicine Zita & Zita-Met.
- Dr. Reddy's Laboratories launch a new drug for stroke patients.
- Air India considering offers from Banks & Financial Institutions to finance its Dreamliner purchase.
Source: Economic Times
- Air India turns down 40 pilots out of 160 who appeared for interview considering psychologists' feedback.
- Indian generic drug-maker Ranbaxy Laboratories Limited sued in US alleging manipulation of US Food & Drug Administration(FDA) Rules.
- Central Government to make a strategic sale of 8 loss making hotels of India Tourism Development Corporation.
- RBI (Reserve Bank of India) dispenses off with the need of second factor authentication for small transactions; banks can now allow contactless card transaction upto Rs. 2000/- without PIN authentication.
- Government delays its approval to KMF (Karnataka Co-operative Milk Producers' Federation) for raising prices of its milk & milk products.
Source: Economic Times
- Housing.com CEO Rahul Yadav announces transfer of his shareholding worth Rs. 150-200 crore to his employees.
- Gurgaon based TrucksFirst raise Rs. 61.8 crore from SAIF partners in Series - A of funding.
- East Essence, world's largest Islamic clothing company to set up their online store on Snapdeal next month.
- Drug major Lupin acquires Brazilian drug firm Madquimica.
- Snapdeal rewards its 1200 top performers with Employee Stock Option Plans (ESOP).
- Government approves Rs. 11,930 crore Airbus - Tata consortium bid to replace Avro fleet of the Indian Air Force.
Source: Economic Times
- Pune based wind turbine maker Luminous acquired by Enzen Global Solutions for Rs. 12.6 crore.
- Mutlinational hospitality chain Starwood entered into a managemnat agreement with a Mahabaleshwar based five star hotel; to brand it as Le Meridien.
- Legal notice received by the Department of Telecom for its zero rating plans alleging violation of license condition.
- Vikram solar commissions 40 MW solar power plant for IL & FS Energy Development Company in Madhya Pradesh.
Source: Economic Times
- Indian-origin Priti Patel gets a cabinet rank in British Parliament as the minister of state for employment.
- Larsen & Turbo sign a technology transfer agreement with Hyundai Industries to build LNG carriers.
- ICICI bank's K V Kamath appointed as the chairman of BRICS (Brazil, Russia, India, China & South Africa) Bank.
- Tata Communications enter into a video network partnership with China Telecom Global.
Source: Economic Times
- India's largest blast furnace plant inaugurated at Burnpur by Prime Minister Narendra Modi.
- Rs 1020 crore raised by Bandhan Finance Services from International Finance Corporation, Singapore's GIC and SIDBI (Small Industries Development Bank of India).
- Vigilance arm of Department of Telecom condemned by CAG for inaction against violators.
- Bengaluru based Unicel Technologies acquired by US mobile messaging service provider mGage in an all cash deal worth Rs 80-100 crore.
- Fire reported at the Medak manufacturing unit of Khaitan Fan.
- Power Generation in KNPP's first unit suspended on account of technical snag.
Source: Economic Times
- Government cancels coal block linked to Reliance Power's Sasan ultra mega power project on account of Supreme court directives.
- 36 new drugs added to World Health Organization (WHO)'s list of essential medicines.
- Dabur India to ramp up its baby care portfolio by launching new products in the segment.
- Details of Environmental nod sought by Supreme Court in case of six hydro power projects in Uttrakhand.
Source: Economic Times
- Australia's Macquaire University inks a pact with Symbiosis and TA Pai institute in India to strengthen its tie in management education.
- Jet Airways launches express cargo service on its domestic network.
- Government approves Rs. 980 crore outlay for National Smart Grid mission in the twelfth five year plan.
- Central Railway to run eight tatkal special trains between Lokmanya Tilak Terminus & Mudgaon.
- Finland's Comptel Corporation bags software deals worth over Rs 111 crore from Bharti Airtel & Idea Cellular.
Source: Economic Times
- Big Bazaar to go online; Kishor Biyani to launch the app next month to take on e-tailers.
- Indian Oil Corporation commissions propylene recovery unit at Mathura refinery.
- 98-year old law firm Amarchand & Mangaldas & Suresh A. Shroff & Co. to split; High Court decides the settlement between Shardul & Cyril Shroff.
- SBI to auction property of retail store Loot (India).
- Medical devices firm Opto Circuits gets FDA (Food & Drug Administation) clearance from US to market its new automated external defibrillator.
Source: Economic Times
- Hindustan Zinc and Cairn India sign a pact with Rajasthan government to invest Rs. 20,500 crore over the next three years.
- SEBI (Securities Exchange Board of India) approves pharma giant Cipla's promoters' family voting agreement.
- Muthoot Group's travel division re-branded as Travel Jango.
- Information & Broadcast Ministry of India asks Broadcast Audience Reseach council (BARC), a TV rating body not to release any data without registration.
- State Bank of India (SBI) elevates five of its chief general managers to the post of Deputy Managing Directors; splits the post of chief risk & credit officer to chief risk officer & chief credit officer.
Source: Economic Times
- Sundeep Malhotra quits as CEO of Homeshop 18; to be replaced by Sanjeev Agrawal of Skechers.
- Jammu & Kashmir government to run chartered planes for low-cost air travel for tourists.
- Lufthansa Airline starts premium economy class on its Delhi-Frankfurt route; to include this new travel class on its other flight in India by end 2015.
- Branded Jewellers including Gitanjali & Tara tie up with online retailers Amazon & Snapdeal to sell cheaper products online.
Source: Economic Times
- Three major public sector banks including Bank of India, Union Bank of India and Allahabad Bank seek exemption from dividend payment.
- HDFC Bank increases service charge by around 50% on debit cards & immediate payment service to align its fee structure with the industry.
- US Firm Vehicle Access Systems Technology (VAST) acquires 50% stake in Minda Corporation.
- GAIL to stop LNG imports at Dabhol in Maharashtra till October because of monsoon.
- Petrol & diesel prices raised by Rs. 3.96 & Rs. 2.37 per litre respectively.
- E-retailers including Flipkart, Amazon & eBay sued by Shree Meena Creations, a saree distributor accusing sale of replica products.
- Kapil Dev Tripathi appointed as the new Petroleum Secretary.
- ASK Group raises Rs. 1000 crore through its real estate private equity arm from family offices & high net worth individuals.
Source: Economic Times
- East Central Railways issues 'zero value tickets' to 7,000 quake victims.
- Punjab National Bank (PNB) first bank to roll out Sukanya Samriddhi Scheme.
- Veteran actor Mukesh Khanna appointed Chairperson of Children Film Society of India (CFSI).
- Colgate-Palmolive India announces Voluntary Retirement Scheme (VRS) to employees at Waluj.
- Virat Kohli extends Bengaluru partnership with fashion label Wrogn.
Source: Economic Times
- Snapdeal appoints Idi Srinivas Murthy as senior vice president of marketing.
- Restaurant chain Mast Kalandar launches mobile-based delivery only service 'MK Dabbawala'.
- CCI gives nod to Ultratech Cement to acquire two cement units of Jaiprakash Associates.
- Flipkart, Myntra to leverage common infrastructure, logistics post merger.
- Kumar Mangalam Birla likely to become Century Textiles, Enka Chairman.
Source: Economic Times
- Anil Ambani owned Reliance Communications raise $ 300 million through offshore funds with a coupon of 6.5%
- Vatika Group's construction finance facility worth Rs. 150 crore sanctioned by Piramal Fund.
- Online travel company MakeMyTrip gets a new logo along with a new tagline.
- TRAI's website gets hacked after it discloses the email ids of people who wrote on net neutrality.
- Generic drugmaker Wockhardt Ltd to recall some drugs made in India after US FDA concerns.
- Infosys CEO hires former SAP executive Yusuf Bashir to run $500 million innovation fund.
- Yes Bank opens representative bank in Abu Dhabi.
- Government floats 'Emergency' quota for last minute flyers.
- At $5 billion valuation, China's Alipay to buy 25% stake in Micromax.
- Capgemini to acquire IGate; transaction will amount to $4.04 billion.
- BCCI recommends Rohit Sharma for Arjuna Award.
Source: Economic Times
- Vir Sanghvi launches EazyDiner, a restaurant reservation & concierge services platform.
- Directorate of Revenue Intelligence detects undervaluation of the liquor imported.
- Goverment to set cap prices of essential medical devices.
- State run Rural Electrification Corporation transfers two transmission projects to Power Grid.
- MyHep, a generic hepatitis C drug launched in India by Mylan Pharmaceuticals.
Source: Economic Times
- Sequoia Capital invests $ 18 million in online ethnic store Craftsvilla.
- Johnson & Johnson's Pharmaceutical division Janssen launches diabetes treatment drug in India.
- RBI directs banks to add a 'third gender' column in all forms.
- CCI (Competition Commission of India) disposes a case against Gujarat Gas Company alleging unfair trade practices.
- Coca Cola's land allotment in Tamil Nadu cancelled after a strong local protest.
- Bengaluru based fashion e-commerce startup Eat.Shop.Love raises $ 3.5 million in angel funding.
- After CEO Giorgio De Roni quits GoAir, 30 GoAir pilots put in their papers.
- DDB Mudra roped in as the creative head for Aircel India.
- Century Textiles to merge their Cement business with K.M. Birla owned Ultra-Tech Cement.
Source: Economic Times
- Tata Teleservices to drop DoCoMo from its telecom brand Tata Docomo.'
- Ernst & Young ropes in 150 lawyers for new vertical e-Discovery.
- IRCTC to offer baggage insurance for railway journey.
- US private equity firm Advent International Corp-led consortium to buy consumer product business of Crompton Greaves India for up to $ 350 million.
- Spanish brewer Mahou-San Miguel considering to invest around Rs. 120 crore in India.
Source: Economic Times
- Income Tax authority issues fresh notice to Vodafone over Hutch-Vodafone deal.
- Anand Narang to head marketing at the device business of Reliance Jio.
- Maharashtra Food & Drug Administration raids Snapdeal for selling prescription drugs online.
- Indian Medical Association to create organ donors' registry in Kerela.
- Temasek Holdings to buy 3.83% holdings in Glenmark Pharma for Rs. 945 crore.
- PNB MetLife forays into health insurance segment through the launch of MetLife Major Illness Premium Back Cover.
Source: Economic Times
- TCS announces Rs. 2,628 crore mega bonus to employees to mark its 10 years as a publicly listed company.
- Top hotels like Taj, Lalit roll out discounts and credit schemes to attract customers in summer.
- Jindal Saw enters into contract worth Rs. 10,000 crore with group firm JSW Steel.
- Electronic Money Order replaces older version: Department of Post
- Hero-backed company Erik Buell Racing files for bankruptcy in US.
Source: Economic Times
- Pankaj More appointed as the Technology Head for Walmart India.
- Auto component major Bosch lifts the lockout order at its Jaipur plant.
- Essar Steel's Vishkhapatnam captive power plant restored after it sustained cyclonic storm damage.
- Railways to E-auction 100 stations for redevelopment via public-private partnership.
Source: Economic Times
- Muthoot Group forays into home loan segment.
- CCI (Competition Commission of India) slaps a fine of Rs. 4.5 crore on Verifone India Sales alleging unfair business practices.
- Singapore government's investment arm Temasek Holdings completes the acquisition of SVB India Finance.
- Vodafone invests Rs 480 crore to ramp up its network and distribution in Uttar Pradesh east circle.
Source: Economic Times
- Oil minister Dharmendra Pradhan said that India shall invest additional $ 6 billion in Rovuma Gas field.
- Rajeev Gupta and Amol Gupta promoted private equity firm Arpwood raises $ 150 million.
- Hindustan Petroleum Corporation Limited (HPCL) buys office space worth Rs. 100 crore in Mumbai.
- Chief Financial Officer of Snapdeal Aakash Moondhra quits.
- Anil Kumar Sharma takes over as the new director for Kolkata airport.
- Online grosser ZopNow raises Rs. 62 crore in a fresh round of funding.
- Government mandates bar-coding of drugs to trace out its origin.
- Navin Talreja and Kawal Shoor, senior Ogilvy & Mather executives quit to launch their own agency.
- Seema Modi quits as the head of Heinz India.
Source: Economic Times
- Apollo Global Management sells 3% of its stake in Dish TV for Rs. 263 crore.
- Shareholders approve IDFC's demerger scheme to set up a wholly owned subsidiary IDFC Bank.
- Nissan India appoints Satinder Singh as vice president for sales, network and customer relations.
- Kolkata based Skipper bags order worth Rs. 400 crore from Colombia.
- German Luxury car maker Audi opens first technical service centre for India.
Source: Economic Times
- National Roaming to get cheaper; TRAI's (Telecom Regulatory Authority of India) reduced ceiling tariffs effective from May 1.
- Indian Railways Financial Institution raises Rs. 1200 crore through 2 year bonds.
- After Freecharge acquisition, Kunal Shah replaces Alok Goel as CEO of Freecharge.
- IndiGO and Jet Airways hike ticket cancellation penalties by 50-100%
- Indian Railways to sign a Memorandum of Understanding (MoU) with National Institute of Design to set up a Railway Design Center.
Source: Economic Times
- Kalyan Jewellers invest Rs. 200 crore in its Chennai showroom.
- Haryana government approves 800 MW unit at Panipat thermal power plant.
- Prime Minister launches Mudra Bank for small firms with a corpus of Rs. 20,000 crore.
- Online Retailer Firstcry raises Rs. 62 crore through its fourth round of funding; aims to strengthen its technical team.
- Glenmark's subsidiary to pay $ 25 million to settle a pricing case in US.
Source: Economic Times
- Rs. 1000 crore invested by Vodafone to ramp up its network in Mumbai.
- Cabinet Committee on Economic Affairs (CCEA) cleared pharmaceutical majors Glenmark & Aurobindo's foreign investment proposals worth Rs. 4187 crore.
- SpiceJet arrives at a settlement with its Irish lessor; withdraws plea from Delhi High Court.
- Supreme Infra bags Rs. 207-crore contract from National Highway Authority of India(NHAI).
Source: Economic Times
- Jaipur Rugs enters into an agreement to produce hand made rugs for National Geographic collection.
- Kingfisher Airlines to pay Rs. 372 crore as TDS to the Income Tax department after Supreme Court rules against it.
- Pharmaceutical company Wellness Forever generates funds worth Rs. 20 crore.
- Magicbricks.com sign up as associate sponsors for IPL-8.
- Lockout declared at Jaipur plant of auto component major Bosch.
- Online Fashion Retailer Myntra to shut its website from May 1 & to become only a mobile app based retailer.
- Reliance Infra backed BSES power distribution companies asked by Delhi Government to clear its dues worth Rs. 6000 crore.
- Delhi International Airport Limited awarded the Golden Peacock National Quality Award 2015.
- IndiGo hikes up its borrowing limits by 50% to Rs. 15,000 crore; further 3 more directors to be inducted on board.
Source: Economic Times
- Raymond enters into an agreement to acquire Robot Systems, a wholly owned subsidiary of Gokaldas Exports.
- Jupiter Capital exits railway freight company Indialinx (IIL) at $ 10 million.
- GVK group to set Rs. 500 crore integrated healthcare unit at Sri city in Andhra Pradesh.
- Luminous Power Technologies forays into luxury decorative fan category.
- Aditya Birla Nuvo's urea plant in UP resumes production.
- MTNL broadband rates hiked up to 25% in Mumbai.
Source: Economic Times
- Rs. 7000 crore to be invested by BSNL for setting up 3G, 4G Wifi hotspots.
- Rajit Mehta elevated as the MD & CEO of Max Healthcare.
- Anoop Kumar Sharma replaces Ramakrishnan A R as CEO for Essar Shipping.
- A consumer forum directs Bharti Airtel to pay Rs. 38,500 for deficient service.
- Madhuri Dixit & Shriram Nene roped in as the brand ambassdors for Eureka Forbes.
Source: Economic Times
- Meghalaya High Court approves the demerger of Star Ferro and Cement Ltd.
- Dr. Reddy's Labotaries to buy Belgium based UCB's Indian Arm for Rs. 800 crore.
- V Shankar quits Standard Chartered Bank to manage a private equity fund.
- 4 month advance railway booking results in breaking IRCTC's server four times; record 11 Lakh tickets sold in one day.
- Director General of Civil Aviation (DGCA) issues notice to Jet Airways after Pilots found flying without clearing test.
- Satish Padmanabhan to replace Sunil Nayyar as sales head of Sony India.
- Multi Screen Media to launch new sports channel Sony Kix to air IPL season 8.
- RBI adopts Basel III standards for capital & Liquidity.
- Sunil Nayyar appointed as the head of Consumer Electronics for Sony in US.
- Reliance Industries signs a product sharing agreement with Myanmar Oil & Gas Enterprise for two offshore blocks.
- Videocon d2h makes its Nasdaq debut following listing of $ 325 million by issuing American depository receipts.
Source: Economic Times
- Tiger Global Management sells 3.4% stake in classifieds website Justdial for Rs. 300 crore.
- Videocon d2h extends its association with Mumbai Indians for one more season of IPL (Indian Premier League).
- Oricon buys 70% of Oriental Containers for Rs. 105 crore.
- Pidilite to invest about Rs. 100 crore in Nina Waterproofing.
- Ashok Leyland sells its entire holding in Czech arm for $10.96 million.
- Coca-cola to buy 10% equity stake in Mahesh Bhupati promoted International Premier Tennis League.
- Suit filed against Vijaypat Singhania, owner of Raymond Group questioning a family settlement of 1998 by four of his grand children.
- Textile maker Arvind Lifestyle Brand Ltd. to pay $ 3.2 million to US based Ralph Lauren to settle a lawsuit.
- Huawei secures a 3 year worth Rs. 93 crore deal from Tata Teleservices to upgrade wireline network.
- Government approves IndiGo Airlines' plan to increase it fleet size by 400 planes by 2025.
Source: Economic Times
- HDFC Standard Life to raise Rs. 2400 crore by selling 10% stake to public through an IPO.
- PepsiCo launches 7UP Revive Brand in India.
- Shobana Kamineni appointed as an Independent & Non-Executive director in the board of Hero MotorCorp.
- Cummins to hire 500 engineers for global Research & Development centre in Pune.
- Indiabulls Housing Finance raises $150 million from Qatar National Bank Group under External Commercial Borrowings (ECBs).
- Amazon launches kirana stores calling it Kirana Now in partnership with mom-and-pop stores.
- Apple's Chief Executive Tim Cook to donate his estimated $785 million fortune to charity.
- Retro tax law not applicable on dividends by foreign firms.
- Barack Obama nominates Indian-American as the next US ambassador to Sri Lanka and Maldives.
- Balasubramanian Ganesh, a former Wipro executive joins HSBC as deputy global chief information officer.
- DGCA (Director General of Civil Aviation) gives flying permit to Banglore based Air Pegasus.
- Venture Capital Fund Accel Partners raise a new fund worth Rs. 1,890 crore.
- IRCTC launches RuPay prepaid debit card service.
- NBFC (Non Banking Financial Company) Capital First raises Rs. 300 crore through Qualified Institutional Placement.
- Singapore-based Parkway Hospitals acquire 51% stake in Hyderabad's Continental Hospitals for Rs. 282 crore.
- Amazon sets up its own logistics company in India for better delivery services.
- SpiceJet reaches an out of the court settlement with an Irish lessor.
- Syndicate Bank raises Rs. 400 crore by issuing bonds.
- Andhra Pradesh allots 592 acres land for Hero Motor Corp's new plant.
Source: Economic Times
- Uber signs strategic deal with Times Internet for India expansion.
- Amazon launches designer clothing store to take haute couture to streets.
- Quikr in talks with MobiKwik, Paytm for in-site payment options on its platform.
- Sun-Ranbaxy $4 billion deal: US anti-trust regulator FTC passes final order.
- Rajan Kolhi to head Wipro's digital business Wipro Digital.
- Fabindia plans to sell organic produce online.
Source: Economic Times
- Swati Mohan appointed as the new business head for Fox International Channels (India).
- Indian Railways' Innovation Council 'Kaya Kalp' to be headed by Ratan Tata.
- PM Narendra Modi appointed as the new Chancellor of Vishwa Bhartiya University.
- Mahindra Group's First Choice Wheels raises Rs. 94 crore from Valiant Capital.
- Ravi Shastri enters the board of board of India Resources.
Source: Economic Times
- National Green Tribunal announces Rs. 5000 fine for littering on railway property.
- ICICI Bank exits Russia; sells subsidiary IBEL to Sovcombank.
- IPL-8 gives Cricket World Cup a run for its advertising money; spots selling for Rs. 4.75-5 lakh.
- Meru Cabs in talks with Valiant Capital and Falcon Edge Capital to raise Rs. 627 crore.
Source: Economic Times
- Unilever's Tresemme overtakes P&G's Pantene in the shampoo market.
- Rs. 200 crore invested in Parksons Packing by Kedaara Capital.
- Confederation of India Industry (CII) entered into an agreement with Global technology firms Hiatachi and Siemens for Smart City initiative.
- Microsoft allows free updates to Windows 10 including non-genuine users to tackle piracy issues.
- Aamir Khan roped as the new brand ambassador for Snap Deal.
Source: Economic Times
- Shareholders of Indian Hotels approve Rs. 18.4 crore pay for MD Rakesh Sarna.
- Tata Motors to supply 4000 buses under national urban renewal mission.
- US-based Mirach Capital to file $ 400 million defamation suit against Sahara group.
- Supreme court permits Reliance Group to charge higher fares for Mumbai Metro.
- IndiaGo Airlines to launch 16 new flights on domestic routes.
Source: Economic Times
- Abid Ali Neemuchwala appointed as the new group president & Chief Operating Officer at Wipro.
- US shoemaker Crocs ends its exclusive deal with Chigori Retail; plans to open 60 stores in 3 years.
- Legal notice served to 300 firms by Mafatlal Industries alleging logo misuse.
- Air India questioned by CAG (Comptroller & Auditor General) regarding sale of its five Boeing 777s at loss to Etihad in 2013.
Source: Economic Times
- Abid Ali Neemuchwala appointed as group president & Chief Operating Officer at Wipro.
- US shoemaker Crocs ends its exclusive deal with Chigori Retail; plans to open 60 stores in 3 years.
- Legal notice served by Mafatlal Industries to 300 firms for logo misuse.
- Air India questioned by CAG (Comptroller & Auditor General) regarding sale of its five Boeing 777s at loss to Etihad in 2013.
Source: Economic Times
- Securities Appellate Tribunal rules in favour of DLF; slams SEBI for 'miscarriage of justice'.
- Last chance to Sahara to raise Rs. 6000 crore to negotiate deal for Subrata Roy's release: Supreme Court
- Twitter buys livestream app maker Periscope.
- Wipro ties up with Nexthink for enhanced compu-tech solutions.
- Non-executive director, Sanjay Nayar resigns from Bharti Infratel Board.
- Facebook buys shopping search engine TheFind to boost advertising business.
- 'Skill up India' online education portal launched in Gujarat.
Source: Economic Times
- Kalyan Jewellers to go for expansion worth Rs. 800 crore.
- Mawana Sugars close down all of their mills in Uttar Pradesh.
- Dr. Datson Lab bags Rs. 120 crore order to produce cancer drugs.
- Rohan Murthy to set an innovation lab in Boston to work on automation & artificial intelligence.
- New Guidelines issued by IMA (Indian Medical Association) on the use of pain killers.
Source: Economic Times
- India to develop strategic assets in two of Mauritius & Seychelles islands in the Indian Ocean .
- Indian Premier League's strategic timeout to be sponsored by CEAT Tyres.
- Paytm & Mahindra Two wheelers tie up for online selling of Mahindra's Bike & Scooter.
- Supreme court resumes hearing on six Hydropower projects in Uttrakhand.
- Bangalore based Moonfrog Labs raises $ 15 million from New York based Tiger Global Management & Sequoia Capital.
Source: Economic Times
- Star India acquires film magazine 'Screen' from Express Group.
- Super speciality eye care chain Eye-Q receives Rs 60 crore funding from IFC, Helion and Nexus.
- Pawan Hans to spend about Rs 560 crore to raise fleet size to 12 aircrafts.
- Air India leaves 200 passengers stranded in Delhi Airport with its flight getting cancelled.
- Adani & GVK get Australian Government's approval for expanding their coal port.
Source: Economic Times
- Private equity firm Xander Advisors India invests Rs. 280 crore in Pune realty project.
- Sajjan Jindal-led JSW Steel to shut Chile mines for some time owing to low profitability.
- Honda stops dispatches at Greater Noida factory on account of car damage due to the paint fumes from adjoining plant.
- Bharat Biotech unveils its first India-made Rotavirus vaccine.
Source: Economic Times
- Reliance Entertainment to form joint venture with Phantom Films.
- KPMG acquires Indian arm of Spanish boutique advisory firm AF- Mercados.
- Cairn India gets Directorate General of Hydrocarbons approval for gas production in Rajasthan block.
- Hukuhodo Percept bags Maruti Suzuki's advertising campaign for their new launch worth Rs. 100 crore.
Source: Economic Times
- Flipkart aquires mobile ad network AdlQuity to beef up its advertising muscle.
- National Payments of Corporation of India (NPCI) links 15 crore bank accounts with Aadhar number.
- Bar Council of India issues show causes notices to lawyers for anti-women remarks.
- Microsoft seeks US injunction against Kyocera cell phones.
- Reliance Infra enters into defence sector with the acquisition of Pipavav Defence for up to Rs. 2,082 crore.
- Coke to sell Maaza & other products in small sachets.
- Indian Bio Tech firm Stempeutics Research gets US Process Patents for its novel stem cell drug.
- Government launches public contest for suggestions for PMO mobile app.
- Viacom 18 to license its brand colours to five ETV Regional Channels; gets ministry's approval.
- Reliance Industtries seeks Shareholders approval to make major forays into the online retail space.
Source: Economic Times
- Essel group buys Rs 304-crore bunglow in Lutyens' Delhi.
- Apollo Hospitals brings in external consultants to spell out roles for third generation of Reddys.
- Bharti Airtel enters into partnership with China Mobile to develop 4G technology, buy devices & equipments.
- SAIF Partners raises $350 million for New India Fund.
- Home appliances maker Orient Electric appoints Rakesh Khanna as CEO.
Source: Economic Times
- India's first swine flu diagnostic kit developed by Bengaluru based Molbio.
- YouTube bans content creators from tying up with advertisers without intimating the company.
- Airtel extends its service contract with Ericsson by another two years.
- China and South Korea to buy coal from Adani Group's Australia Mine.
- Hyderabad based Natco Pharma ties up with Gilead Sciences for Hepatitis C drug.
Source: Economic Times
- McKinsey director Saikiran Krishnamurthy hired by Flipkart as Chief Operating Officer of commerce division.
- Delhi Metro adds 17 trains, daily trips up by 104 and waiting time down by 15 seconds.
- Hike in excise duty leads handset makers like Lava & Intex to increase prices by up to 5% .
- State-run oil firms including ONGC & Oil India to invest over Rs. 76,565 crore on project expansion during 2015-16.
Source: Economic Times
- CCI (Competition Commission of India) says no overlaps in SpiceJet - Ajay Singh deal.
- Bhushan Steel Ltd enters into sale & lease back agreements of its oxygen plants in Odisha.
- Tata Motors announces voluntary retirement scheme for its workers.
- SEBI cancels Sahara AMC (Asset Management Company) registration as portfolio manager.
- 800 KV HVDC (High Voltage Direct Current) plant in Vadodara to aid power-starved states, says Gujarat CM Anandiben Patel.
- IRCTC ties up with Amazon for online shopping.
Source: Economic Times
- Standard Chartered reshuffles its board; CEO Peter Sands and Asia head Jaspal Bindra among the executives quitting.
- WHO lauds India for its anti-smoking mechanisms.
- SEBI imposes Rs 86 crore penalty on DLF on account of failure in necessary disclosures in its IPO (Initial Public Offer) in 2008.
- Sudhir Valia, executive director of Sun Pharma plans to offer loans to strapped companies.
- Thai firm Onyx Hospitality enters into JV with hotel asset management firm Kingsbridge for setting 7 hotels in India.
Source: Economic Times
- SpiceJet receives Rs. 500 crore funding from new owner Ajay Singh as part of Rs. 1500 crore revival plan.
- Panel gives nod to Tata Motors, Mahindra & Mahindra's defence manufacturing proposals.
- Flipkart, Snapdeal, Myntra and others in talks with IPL team franchises for sponsorship opportunities.
- Bharti Airtel to raise $ 415 million through sale of shares of Bharti Infratel.
- BSNL invests Rs. 11000 crore to improve services: Telecom Minister Ravi Shankar Prasad
Source: Economic Times
- Creador Advisors buy 3.4% stake in P C Jewellers for Rs. 143 crore.
- Spouses of H-1B visa holders to get work permit in US.
- Snapdeal's Chief Technology Officer Amitabh Misra quits, plans to start his own venture.
- Supreme Court allows RBI to act against Sahara Group.
- K Inoue succeeds Hironori Kanayama operations to head Honda Cars India oprations
- Hitachi to buy Italy's Finmeccanica for over $ 2 billion.
- Mitsubishi acquires 34% stake in Indo Nissin Foods,the maker of Top Ramen noodles.
- HSBC Bank gets Income Tax notice; fears effect on its profitability.
- TRAI (Telecom Regulatory Authority of India) slashes 30% amount for inter-network calls.
- World Bank tells government not to interfere in power sector working.
Source: Economic Times
- iBall beats Samsung in the Indian Tablet Market.
- Future Group's Future Consumer Enterprise fully acquires Aadhar Wholesale.
- Hero Motor Company's Chief Executive Takanobu lto to step down; will be succeeded by Takahiro Hachigo.
- Private power utility Tata Power signs pact with Siberian Coal Energy Company.
Source: Economic Times
- Kotak Mahindra-ING Vyasa Rs. 15000 crore merger deal gets CCI (Competition Commission of India) nod.
- Central Bank to raise capital of Rs. 1617 crore by issuing equity to Government on preferential basis.
- Public Sector Unit (PSU) bank unions threaten 4-day nationwide strike from February 25 for wage-related demands.
- Indian-American Dhanurjay 'DJ' Patil named first US chief data scientist.
- PM Narendra Modi's pinstripe suit auctioned for Rs. 4.31 crore.
Source: Economic Times
- Nandan Nilekani, Rakesh Jhunhunwala jointly invest Rs 100 crore in an entity that owns Cafe Coffee Day.
- Power Grid Corporation bids for two transmission lines worth Rs. 6000 crore.
- YouTube to release Android app for kid friendly viewing on February 23, 2015.
- Demerger plan of Crompton Greaves consumer products business gets board's approval.
- Hero MotorCorp promoter Hero Group further divests shares worth Rs. 945 crore.
Source: Economic Times
- Employees' Provident Fund Organization (EPFO) launches drive to help activate over 8 crore inoperative accounts.
- Snapdeal buys fashion portal Exclusively.com, expands in luxury segment.
- YouTube to launch paid music service YouTube Music Key in a few months.
- High Net worth Individuals (HNIs) get notices from taxman to pay advance tax before March 15.
- Multi-city accelerator GSF partners with Cisco to speed up cloud and Internet-of-Things (IoT) startups.
Source: Economic Times
- Reliance Jio beats Bharti Airtel, Vodafone and Idea Cellular in Earnest Money Deposit for Spectrum Auction; puts in the maximum amount of Rs. 4500 crore.
- Supreme Court moots separate Prasar Bharati channel for live telecasting of World Cup.
- Maharukh Adajania named Director in the Equity Research team of IDFC Securities.
- World Cup 2015: Dinner with Sachin Tendulkar in Sydney Restaurant priced at 1500 to 3000 Australian Dollars.
- Blackberry sues Ryan Seacrest's keyboard startup typo again.
Source: Economic Times
- India born Punit Renjen to be Deloitte Global CEO.
- Indian Oil Corporation to invest Rs. 7812 crore for expansion.
- Madhuri Dixit & Salman Khan roped for Global Endorsements by Pune based P N Gadgil Jewellers.
- Delhi Metro to go paperless.
- Government to infuse Rs. 870 crore in Punjab National Bank.
- Lance Armstrong loses $ 10 million in arbitration ruling.
- Directorate of Revenue Intelligence (DRI) issues show cause notices to Canon, Nikon, Sony alleging tax evasion.
- Tatas face objection over registration of 'Vistara' trademark.
- Infosys buys automation tech company Panaya valued at $ 200 million.
- Zee group firm Ten Sports bags the broadcast rights for the world championship of motorcycle racing 'MotoGP' in 5 years.
Source: Economic Times
- Sun Pharma founder Dilip Sanghvi to invest $ 290 million in turbine maker Suzlon.
- Uber launches chopper service for couples on Valentine's day.
- Snapdeal looks to raise Rs. 2500 crore at a valuation of $ 5 billion.
- Johnson & Johnson's 'Savlon' & 'Shower to Shower' brands acquired by ITC.
- Cipla awarded $ 188.95 million tender by GlobalFund for ARV drugs to treat HIV/AIDS.
- Radio Mirchi to buy Oye FM from TvToday Network.
- Ashok Goel, promoter of ItzCash commits Rs. 100 crore investment for payment bank forays.
- Big Pharma grouping urges US to ask to India to change its IPR (Intellectual Property Rights) policies.
- 100-mw wind power project awarded to Gamesa in MP by CLP India.
- ICICI bank ties up with UAE to offer an instant money transfer.
- Aditya Birla Group set to launch online fashion retail venture.
Source: Economic Times
- Anil Ambani led Reliance Group forays into defence manufacturing sector.
- Mahindra & Mahindra to acquire Pipavav Defence in Rs. 3000 crore deal.
- SpiceJet announces 'Flash Sale', tickets starting from Rs. 599 for domestic flights & Rs. 3499 for international flights.
- Zomato invests Rs. 300 crore in online food business.
- Volkswagen closes two India sales offices to cut costs.
- E-tailers turn sponsors: Amazon to sponsor India Fashion Week.
- Infosys makes its first start up investment , puts $15 million in Dreamworks spin-off.
Source: Economic Times
- Bookmyshow buys majority stake in Banglore based start-up Eventifier for $ 2 billion.
- Supreme Court allows Doordarshan to show India-Pakistan World Cup match; stays Delhi High Court order.
- Star India's wholly owned subsidiary Novi Digital Entertainment bags media rights for next three IPL seasons.
- Adani Reality in partnership with US' Brahma Management to build a 150-acre township in Gurgaon.
- Punjab National Bank, Oriental Bank of Commerce raise Rs. 1500 crore to meet Basel III norms on capital adequacy.
- MakeMyTrip's Amit Somani joins AngelPrime,a seed stage venture capital fund.
Source: Economic Times
- Government starts the sale process of helicopter operator Pawan Hans; hires SBI Caps as its advisor.
- Star India seeks Rs. 25 lakhs for a 10 second ad-slot during India-Pakistan ICC World Cup tie.
- With FDI (Foreign Direct Investment) in Railway, Canada's transportation giant Bombardier eyes key projects worth $7-8 billion in India.
- Amazon to start its own fashion labels to compete with rivals including Myntra & Jabong.
- Facebook to launch free mobile net app for Reliance Communication users.
- Government moves to Supreme Court for World Cup 2015 telecast rights for DD.
- Inox Wind bags 116 mw contract from Green Infra.
- Damyant Singh appointed as the new Brand Director in Addidas India.
- Jet Airways takes on Vistara offering more free miles on similar routes.
- Ashiana Housing launches Rs. 200 crore via QIP to fund new projects.
- Ravi Jaipuria's RJ Corp to acquire health startup iClinic to merge it with Diagno Labs.
- Uber cabs to introduce new 'panic button' safety feature in India.
- Aditya Birla Group sues Indian Express for Rs. 1000 crore alleging serious reputation damage.
- Sumit D. Chowdhury exits as Reliance Jio Infocomm president.
- SBI to partner with RIL to apply for payments bank license.
- Jet Airways to clear Rs. 120 crore pilot salary arrears.
- Companies set to back 20,000 megawatts of solar energy as a part of Government's Clean Energy Initiative.
- Britannia to enter into new non- biscuit businesses; CEO Varun Berry to finalise the plan.
- iGate's chief accounting officer Prasanth Idgunji quits.
- Stringent penalties including imprisonment up to 10 years in the Companies Act, 2013 leads Statutory Auditors to ask companies to keep their records up to date.
- Alibaba enters India's e-commerce space with 25% stake in Paytm owner One97.
- US President Barack Obama appoints Indian CEO Ajay Banga to a key managerial position.
- Online mobile recharge platform Freecharge raises $ 80 million from Valiant Capital, Tybourne Capital and Sequoia.
- Twitter & Google strike a deal to show tweets in Search Results.
- Manoj Kohli resigns from Board of Bharti Airtel.
- Big Brand Houses including Shoppers Stop, Lifestyle International & Spencer's planning to sell their products on E-commerce sites like Amazon & Flipkart.
- Indian Jewellery store Kalyan launches its first Goldback card in UAE.
- Mahindra Group completes the acquisition of Accel Partners & Tiger Global backed BabyOye.
- Now, no Certificate of Commencement required for private companies to commence business.
- Petrol price cut by Rs. 2.42 per litre; Diesel by Rs. 2.25 per litre.
- Electronic majors including Sony & Panasonic lift ban on online sale of their products with huge discounts.
- Tata Group - AirAsia Joint Venture plan to launch red eye flights shall operate during midnight & early morning to bring down the air fares.
- Micromax leads the mobile market in India beating Samsung.
- Ex-Ford India MD Arvind Mathew replaces Chetan Maini as Reva's CEO.
Source: Economic Times
- Top executives from Google, Facebook, Twitter & Salesforce to be hired by Snapdeal.
- Haldiram's leads Indian snack market with a revenue of Rs. 3,500 crore; beats the combined sales of McDonald's and Domino's.
- HDFC Bank to raise Rs. 10,000 crore through a combined approach of Qualified Institutional Placements (QIPs) & American Depository Receipts (ADRs).
- As a part of Jan Aushadhi Initiative low cost generic government drugs to be available from July 1.
- Reliance Industries, Aditya Birla Group, Bharti Airtel & others seek RBI license to set up payment banks.
- MRPL (Mangalore Refinery and Petrochemicals Limited) buys Iraqi Basra oil to replace Iran oil.
- Ashok K. Agrawal is the new General Manager of Southern Railways.
- Baby care products e-tailer raises $ 26 million funding from Valiant Capital.
- Adani Power aims for all 6 coal mines reserved for power sector.
- Healthcare entities including Manipal Hospitals & Narayana health go together to accelerate Health Tech start ups in India.
- US based firm Rentrack to guide Indian filmmakers about accurate movie ticket sales.
- CCI directs Price Waterhouse & Co. to monitor the divestment process of Sun-Ranbaxy drug brands.
- Kansai Nerolac Paints take Noel Tata of Tata Group and 2 others on board as Independent Directors.
- As per TRAI, maximum billing disputes arise against Vodafone, Idea, Tata & BSNL.
- SpiceJet's 'Super Sale' a huge success; extended further by two days.
- Samsung Electronics to buy Brazil printing solutions firm.
- Board of Adani Group approve de-merger of ports, power, transmission and mining business.
Source: Economic Times
- Corporate Debt Restructuring Cell clears Venus Remedies debt recast proposal.
- E-commerce to be regulated by nine government agencies including RBI, Home Ministry and Finance Ministry.
- French vaccine manufacturer Sanofi to set an insulin production facility in Telangana worth Rs. 460 crore.
- SpiceJet board approves upto $ 243 million share sale plan.
- GlacoSmithKlein's consumer president Emma Walmsley makes a pitch for Swasth Bharat.
- Rico Auto board approves transfer of investment in 3 units.
Source: Economic Times
- Amazon to offer Business E-mail directly competing with Microsoft.
- HDFC bank gets CCEA (Cabinet Committee on Economic Affairs) nod to raise Rs. 10,000 crore.
- Olacabs to buy TaxiForSure for around Rs. 1250 crore to have a competitive advantage.
- S Jaishankar made the new Foreign Secretary replacing Sujatha Singh.
- Infrastructure Finance Company IDFC & IDFC Bank get approval for a scheme of arrangement from RBI.
Source: Economic Times
- Advertising industry watch dog ASCI (Advertising Standards Council of India) upholds complaints against 62 advertising campaigns including that of Bajaj Auto, Snap deal and P&G.
- Rights shares worth Rs. 7500 crore to be issued by Tata Motors.
- Kunal Jeswani is the first CEO at Ogilvy & Mathews India.
- Vishakhapatnam Port Trust outlines a Rs. 3000 crore plan with PPP (Public Private Partnership) model to expand its cargo-holding.
- Auto classified portal - CarDekho launches Rs 307 crore in its fresh round of funding.
- RBI signs MoU with Banco Central do Brasil on information exchange.
- AirAsia India & SpiceJet offer lowered advance fare.
Source: Economic Times
- Third Shangri-La Hotel worth Rs 600 crore to be built by Adarsh Group in Bengaluru.
- Uber to pay Rs. 90,000/- monthly as guaranteed incentive to its drivers.
- CBI registers a fresh case against Hindalco under the coal scam investigation.
- Norway's Telenor and Britain's Vodafone to apply for payment banking permits in India.
- Same day express parcel service launched in Jammu & Kashmir by Department of Posts.
- Jet Airways & Etihad Airways launch discounted fares on account of Republic Day.
Source: Economic Times
- Dreamworks Animation to cut 500 jobs to make 2 movies per year.
- Flipkart to invest $ 10 million in new servers from Dell to revamp its technology.
- UltraTech Cement directs portals to stop selling its brands online with big discounts.
- Government to offer free wifi with an investment of Rs 7000 crore in 2500 cities and towns over a 3 year period.
- Uber resumes its services in Delhi after a 1.5 month ban.
- US based FDA bans Ipca labs due to violations of standard production practices.
