Archives for Business - Page 7
Uber and Ola Taxi war reaches court
Uber alleges Ola created 93,000 false accounts, seeks Rs 50 cr damages The Delhi High Court on Tuesday sought response of ANI Technologies, which runs app-based cab service under the…
Hyundai Motor and BCCI are Official Partners now
Hyundai Motor India Ltd, HMIL, India’s biggest passenger car exporter and second largest auto major has officially announced its four year partnership with Board of Control for Cricket in India…
Sebi lets off Reliance Petroinvestments in IPCL insider case
New Delhi: Markets regulator Sebi has let off Mukesh Ambani-led RIL Group's Reliance Petroinvestments Ltd (RPIL) in an almost 9-year-old alleged insider trading case involving shares of the erstwhile IPCL…
Mahindra re-thinks Ssangyong plan; wants to now make cars in China
Mahindra & Mahindra is re-thinking its strategy for its loss-making Korean automaker Ssangyong Motor Co, tapping the brakes on its planned push into the United States to focus instead on…
L&T eyes road sector as govt focuses on highways
As the government looks to double the length of the country's highways to 2 lakh km, engineering and construction giant Larsen & Toubro has said it sees huge opportunities in…
Leg-up likely for Flipkart, Snapdeal as govt mulls 100% FDI in marketplace model
New Delhi - The government is considering permitting 100% foreign direct investment (FDI) in the marketplace format of e-commerce retailing with a view to attract more foreign investments. The norms…
Flipkart’s Myntra unit expects to turn profitable in fiscal 2017
Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts…
MRF Net Profit Rises 20% in December Quarter
New Delhi: Tyre maker MRF today reported per cent rise in its standalone net profit at Rs crore for the quarter ended December 31, 2015. The company had posted a…
SpiceJet Unveils a promotional scheme Offer under ‘India Will Fly’ Sale
Budget carrier SpiceJet has unveiled a promotional scheme offering tickets as low as Rs 826 (base fare) on domestic routes and Rs 3,026 (base fare) on international routes. The bookings…
Flipkart rejigs top brass: Sachin Bansal to be Executive Chairman, Binny Bansal CEO
E-commerce major Flipkart has announced that Sachin Bansal, CEO and Co-founder of Flipkart, will now be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart,…
Travel website Ctrip.com invests in MakeMyTrip
Travel website has invested $180 million (about Rs 1,200 crore) in Indian online travel company MakeMyTrip. The deal was conducted in the form of convertible bonds, said in a statement…
Quikr buys online real estate portal Commonfloor.com
Bengaluru: Online classifieds portal Quikr India Pvt. Ltd has acquired real estate portal for an undisclosed amount, ending months of speculation on a prospective merger. Both companies didn’t disclose the…