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February 26th, 2016 Flamboyant businessman Vijay Mallya will get $75 million (Rs 515 crore) from Diageo as part of an "agreement" for his exit from United Spirits, a company founded by his family and now run by the global liquor giant. Besides, Diageo has agreed that Mallya will have no "personal liability" to the UK-based company in relation to the...
BUSINESS

January 29th, 2016 Reuters- Hoping to provide greater clarity into the performance of its many holdings, Alphabet Inc said it would report financial results under two segments, Google and "Other Bets," when it releases fourth-quarter earnings on Monday. Under Google, Alphabet will report the results of its main Internet and related businesses such as...
BUSINESS

January 22nd, 2016 Chinese conglomerate Dalian Wanda Group said on Friday it would develop a $10 billion industrial park in northern India, its first project in the country. The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take...
BUSINESS

January 19th, 2016 Japanese department store chain Kintetsu announced on Monday that it will introduce China's online payment solution Alipay in four of its department stores in Osaka so as to attract more Chinese tourists. According to Kintetsu, it would be the first department store chain in Japan to use Alipay, though the well-known Chinese...
BUSINESS

January 13th, 2016 Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday. "The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more...
BUSINESS

January 11th, 2016 Chennai: Country's largest oil marketing company Indian Oil on January 11, announced its partnership with logistics start-up firm http://www.fortigo.com/Fortigo, aimed at providing technology based solutions to small truck owners. Fortigo is funded by various venture capitalists including Infosys co-founder Nandan Nilenkani. The...
BUSINESS

December 30th, 2015 Indian firms mopped up over Rs 68,608 crore through the equity market route in 2015. This is 76 percent higher than Rs 39,067 crore raised through the equity market in 2014. Out of the total Rs 68,608 crore raised, fresh capital accounted for only Rs 25,964 crore, with the remaining Rs 42,644 crore coming from offers for sale. "The...
BUSINESS

December 28th, 2015 Automotive components firm Sandhar Technologies has received market regulator Sebi's approval to raise at least Rs 300 crore from an initial public offering. The company had filed the draft red herring prospectus (DRHP) with Sebi on September 29, seeking permission for an IPO. The Securities and Exchange Board of India (Sebi) has...
BUSINESS

November 18th, 2015 Recently India has popped out as a huge market for the startup world. It is yet developing and is attracting not only corporates but local vendors and distributors. It is not to be reminded how companies, that were started just in a room have now achieved a huge success that used to take centuries to expand to such an outreach within a...
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