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WhatsApp was acquired by social networking giant Facebook in February this year for $19 billion.
Business Line WhatsApp was acquired by social networking giant Facebook in February this year for $19 billion.

WhatsApp crosses half-a-billion user mark

Instant messaging app WhatsApp has crossed the half-a-billion user mark on the back of strong growth in emerging markets like India and Brazil.The company, which was acquired by social netw... »

Snapdeal is not an authorised reseller: Dell

PC-maker Dell is the latest consumer electronic company to join the anti-e-commerce bandwagon.A shiny new notice, that points out that Snapdeal is not a Dell authorised reseller, now greets... »

M&M’s agri division in JV with Holland’s HZPC

The agri division of Mahindra & Mahindra (M&M) signed a joint venture agreement with HZPC of Holland, a leading innovator in potato breeding, seed potato growing and seed potato trading, t... »
MUMBAI, April 23, 2014

RIL raises $500 m from Japanese banks

Reliance Industries Ltd. (RIL) has tied up Export Credit Agency (ECA) facility of up to $550 million, co-financed by the Japan Bank for International Corporation (JBIC) and a group of other Japane... »
MUMBAI, April 23, 2014

UltraTech Cement Q4 net up 15 pc

UltraTech Cement, on Wednesday, reported a 15 per cent growth in net profit at Rs.838 crore for the fourth quarter of 2013-14. Net sales were up 8.2 per cent at Rs.5,832 crore while operating prof... »
Auto grade steel being produced at the newly established cold rolling mill of JSW Steels in Bellary.
BELLARY, April 23, 2014

CR Mill of JSW Steels to go on stream on Friday

JSW Steels will commission its cold-rolling mill (CRM) at its integrated steel plant at Torangal, set up at a cost of Rs.4,500 crore, on Friday. The state-of-the-art facility will produce auto gra... »
MUMBAI, April 23, 2014

Lupin forms joint venture with Japan’s Yoshindo

Lupin said it had entered into a strategic joint venture with Japanese pharmaceuticals company Yoshindo Inc. Accordingly, the two companies have created a new entity, YL Biologics (YLB), which wil... »
NEW DELHI, April 23, 2014

DGCA allows use of electronic devices on flight-mode

Air passengers can now use portable electronic devices such as mobiles, laptops and tablets in all phases of flight, the Directorate General Civil Aviation (DGCA) said on Wednesday.In a noti... »
MUMBAI, April 23, 2014

Technip to sell majority stake in Seamec

Technip, a global leader in project management, engineering and construction for the energy industry, has entered into binding agreements to divest its majority stake (at least 51 per cent and up t... »
MUMBAI, April 23, 2014

RBI for two-stage verificationfor online transactions

Worried over rising number of frauds in online banking, the Reserve Bank of India (RBI) has suggested that banks introduce two-stage authentication to ensure security of transactions. The R... »
MUMBAI, April 23, 2014

Crocin Advance in short supply

Crocin Advance, the paracetamol-based analgesic (pain relief) medication made by GlaxoSmithKline Consumer Healthcare (GSKCH), has been in short supply in the market following the company’s decisio... »
Mumbai, April 22, 2014

Bajaj Allianz GI launches ‘Surgical Protection Plan’

Private sector general insurer, Bajaj Allianz General Insurance has launched a new health policy called ‘Surgical Protection Plan’, which provides insurance cover only for surgical treatments.... »
Mumbai, April 22, 2014

Novartis India shares surge 20% in intra-day on GSK deal

Shares of Novartis India on Tuesday surged 20 per cent in intra-day as global pharma major Novartis will acquire GlaxoSmithKline Plc’s cancer drugs portfolio for $16 billion and sell its vaccines... »

GSK-Novartis global deal not to impact India business: GSKCH

HDFC Bank Q4 net jumps 23% to Rs. 2,326.52 crore

Mahindra Lifespace Q4 profit dips 63%

Micromax launches ‘Canvas Doodle 3’ for Rs. 8,500

Nokia-Microsoft deal to be completed this Friday

VST shifts tractor operations to Hosur

MRF gearing up to face emerging competition

U.S. court ruling to benefit Natco

TCS and Mitsubishi to merge Japanese IT subsidiaries

Francois Richier
NEW DELHI, April 23, 2014

India-EU FTA discussions may start after elections: French ambassador

French Ambassador Francois Richier, on Wednesday, expressed hope that the long on-going negotiations between India and the European Union (EU) for the free trade agreement (FTA) would re-commence... »
MUMBAI, April 23, 2014

YES Bank Q4 net up 19 %

YES Bank, on Wednesday, posted an 18.8 per cent increase in the March quarter profit to Rs.430.20 crore, helped by a healthy increase in non-interest income. The city-based private bank, em... »
Kiran Mazumdar Shaw. File photo
BANGALORE, April 23, 2014

When tweets on boardroom talks trigger debate on disclosure propriety

Biocon chairperson Kiran Mazumdar Shaw’s seemingly innocuous tweet appreciating the “tech-loaded” presentation skills of Rohan Murthy, son of and executive assistant to N.R. Narayana Murthy, has dr... »
Mangalore Chemicals and Fertilisers plant at Mangalore. File photo
MUMBAI, April 23, 2014

Deepak Fert makes open offer to hike stake in Mangalore Chem

Deepak Fertilisers & Petrochemicals Corporation (DFPC) with SCM Soilfert Ltd. has made an open offer to acquire a further 26 per cent stake in Mangalore Chemicals and Fertilisers (MCF). »
Debit cards entered India in 1998 and they currently account for almost 95 per cent of the total number of cards in circulation. Credit cards have shown relatively slower growth. File photo.
Mumbai, April 23, 2014

Only 10-15% cards used for online transactions: RBI report

Of the 369 million debit and credit cards in the country, 10-15 per cent are used only for online transactions, the Reserve Bank said. India is one of the fastest-growing countries in the... »
BANGALORE, April 23, 2014

Toyota workers resume duty

Ending the over month-long stalemate, employees of Toyota Kirloskar Motor resumed work on Tuesday at the company’s two Bidadi plants near here after the Karnataka Government asked both the managem... »
CHENNAI, April 23, 2014

Surgical protection plan from Bajaj Allianz

Bajaj Allianz General Insurance has come out with a new plan providing treatment-specific insurance cover. The health insurance plan, called the ‘surgical protection plan’, assures a guaranteed ben... »
New Delhi, April 22, 2014

Amit Boni is GM India, Motorola

Motorola Mobility, which was recently acquired by Google, on Tuesday announced appointment of Amit Boni as General Manager of India.In this role, he will lead the team across the country an... »
Mumbai, April 22, 2014

MRF Q2 net dips 19% at Rs.171 crore

Shares of tyre maker MRF on Tuesday plunged over 7 per cent after the company reported 18.86 per cent decline in net profit for the second quarter ended March 31, 2014.MRF’s stock ended 7.1... »
CHENNAI, April 22, 2014

Cognizant acquires U.S.-based digital video solutions firm itaas

IT services firm Cognizant, on Tuesday, announced that it had entered into a definitive agreement to acquire itaas, a U.S.-based digital video solutions firm.According to a press release, t... »

DoT may withdraw penalty on Loop Telecom

Nokia Chennai unit may be made contract manufacturing facility

Mahindra Logistics gets Rs. 200 crore from Kedaara Capital

GSK to sell oncology arm to Novartis for $16 billion

Tech Mahindra to acquire Big Data start-up for $10 m

Sub-Rs.10,000 smartphone from HTC

Vizag Port set to become a hub for imported coal

Toyota workers to resume duty today

ADVISORY ON OIL BLOCKS
Should India restrict foreign investors in a globalised world?
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