Archive for Business
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…
Tech Mahindra, MetricStream announce global tie-up
Software firm Tech Mahindra has entered into a strategic alliance with US-based MetricStream to deliver governance, risk and compliance (GRC) solutions across the globe. MetricStream's leading enterprise and cloud apps…
Ratan Tata backs yet another startup
MUMBAI: Ratan Tata has invested an undisclosed amount in Bengaluru-based startup intelligence platform Tracxn. With this investment, Tracxn will join the list of nearly two dozen startups and tech companies…
Ratan Tata invests in DogSpot.in
Top industrialist Ratan Tata continued his slew of investments in various startups globally, with his latest investment in pet care portal However, the value of the investment was not disclosed.…
Wipro to acquire BPaaS provider Viteos Group for $130 million
Wipro has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of $130 million. The company specializes in…