Archive for Business
RCom in exclusive talks with Aircel to consolidate their mobile businesses
New Delhi: Reliance Communications (RCom) is in talks with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses of the two companies. The Anil…
Facebook’s latest feature to help locate reputable businesses
Social network giant Facebook has quietly launched a new desktop-only feature on its site which allows users to find highest-rated local businesses based on customer reviews, entering in direct competition…
Infosys invests $3 million in sports startup WHOOP
BENGALURU: India's second largest software exporter InfosysBSE % has invested $3 million in US-based technology startup Whoop Inc, which develops wearable devices and performance improvement tools for professional athletes and…
Flipkart Acquires Stake in MapmyIndia to Improve Delivery Operations
Bengaluru: Online commerce giant Flipkart has acquired a strategic minority stake in navigation and tracking solutions provider MapmyIndia to strengthen its supply chain management. With Flipkart's investment, MapmyIndia's early financial…
Ola acquires multi-year licence of MapmyIndia for better navigation
Taxi aggregator Ola on Thursday announced its partnership with MapmyIndia by acquiring a multi-year licence. "Through this partnership, Ola will get complete access to mapping data from MapmyIndia, which has…
Microsoft CEO Nadella Pushes for Less Friction With Government Work
Amid government's claim of improved business climate in the country, Microsoft chief executive Satya Nadella on Thursday said he would love to have "less friction" when working with the government…
Nestle India shares gain as it resumes Maggi Noodles production at 3 plants
Nestle India shares were trading higher in the morning trade on Tuesday after the company said it has resumed manufacturing of its instant noodles Maggi at three of its India…
Microsoft Q1 profit beats estimates, cuts 1,000 jobs
Microsoft reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by burgeoning demand for its cloud products, sending its shares soaring in after-hours trading on Thursday.…
Cloud services help Amazon post surprise Q2 profit
E-commerce company on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares…
Twitter CEO Jack Dorsey gives 33% of his stock to employees
Twitter chief executive and co-founder Jack Dorsey said he is giving a third of his stock in the company, about 1%, to the employee equity pool. The move, worth $197…
Reliance MF to acquire Goldman Sachs India MF biz for Rs 243 crore
MUMBAI: In its first ever acquisition, Reliance Capital Asset Management (RCAM) on Wednesday announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in…
Wal-Mart paid millions of dollars in bribes in India: Report
Washington, Oct 19: America’s multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report. In a major report, The…