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Sony to buy EMI Music Publishing in USD 1.9 billion deal

1 day ago
EMI is the second-largest music publishing company by revenue and holds the rights to 2.1 million pieces of music including classics by the likes of Queen, Sam Smith, Pharrell Williams and Drake.

Tata Steel subsidiary acquires 72% stake in Bhushan Steel

May 19, 2018
Tata Steel, through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), has acquired 72.65 per cent controlling stake in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore. The company was selected as the highest bidder in March 2018 to buy a controlling stake in Bhushan Steel, as part of bankruptcy proceedings.

DoT approves merger of Bharti Airtel and Telenor India

May 15, 2018
The merger will boost the 4G spectrum holdings of Sunil Mittal-led Bharti Airtel group, which has been competing against Mukesh Ambani-controlled Reliance Jio Infocomm.

Flipkart co-founder Sachin Bansal quits after Walmart deal

May 11, 2018
Flipkart co-founder Sachin Bansal has announced his exit from the company, hours after the news of American retailer Walmart acquiring Flipkart broke in the nation. Bansal’s decision comes after Walmart’s condition that it could accommodate only one of the Flipkart founders in the board.

Walmart buys 77 percent stake in Flipkart: Here are Top 10 takeaways

May 10, 2018
Walmart’s investment will benefit India in terms of quality and affordable goods for customers, creation of new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.

Cambridge Analytica to shut down after Facebook data breach scandal

May 3, 2018
Cambridge Analytica, the UK-based data analytics company that was caught in a massive data-harvesting scandal has announced that it would immediately shut its operations, as the controversy has driven away virtually all of its customers.

TCS becomes first Indian company to achieve USD 100 billion Market Capitalisation

Apr 24, 2018
The increase in the TCS capital came after it reported a net profit of Rs 6925 crore, a 4.5 percent increase in its net profit in the fourth quarter (January-March).

Facebook to roll out new privacy choices

Apr 20, 2018
Social media giant Facebook has announced that it would be rolling out new privacy experiences in compliance with EU rules. The users will be asked to review and choose what to share from the political, religious, and relationship information on their profiles.

Government appoints panel to review CSR enforcement under Companies Act

Apr 12, 2018
Constitution of a 12-member panel to review the enforcement of CSR provisions under the Companies law as well as look at having a centralised scrutiny and prosecution mechanism to deal with violations.

Indian Consortium, Saudi Aramco sign MoU for Maharashtra refinery

Apr 11, 2018
An Indian consortium comprising IOCL, BPCL and HPCL has signed a Memorandum of Understanding (MoU) with Saudi Aramco, the world’s largest oil producer to jointly develop and build Ratnagiri Refinery in Maharashtra.

India replaces Vietnam to become world’s second largest mobile phone producer

Apr 2, 2018
India has replaced Vietnam to become the second-largest producer of mobile phones in the world, only after China. According to data shared by ICA, India accounted for 11 per cent of global mobile production in 2017 compared to 3 per cent in 2014.

Competition Commission of India fines Google Rs 136 crore for 'search bias'

Feb 9, 2018
The Competition Commission of India has imposed a fine worth Rs 136 crore on internet search giant Google for unfair business practices in the Indian market for online search. The ruling has come on complaints filed by Matrimony.com and Consumer Unity & Trust Society (CUTS) back in 2012.

Finance Minister launches National CSR Data Portal & Corporate Data Portal

Jan 20, 2018
The Union Minister for Finance and Corporate Affairs, Arun Jaitley has launched the National CSR Data Portal & Corporate Data Portal to enable greater transparency in corporate governance and promote accountability to the public at large.

Union Government launches Cyber Surakshit Bharat initiative

Jan 20, 2018
The Ministry of Electronics and Information Technology has launched Cyber Surakshit Bharat initiative in association with National e-Governance Division and industry partners to strengthen the cybersecurity ecosystem in India.

Five Indian tech companies feature in ‘Top 100 Global Tech Leaders List’

Jan 17, 2018
Thomson Reuters Corp has published its debut Top 100 Global Technology Leaders list, which was topped by Microsoft, followed by Intel Corp and Cisco Systems at the 2nd and 3rd position respectively. The list aims to identify the industry's top financially successful and organisationally sound organisations.

Reliance Jio plans to launch its own cryptocurrency 'JioCoin'

Jan 13, 2018
Reliance Jio also aspires to get into Internet of Things (IoT). IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles that are connected to the internet, which enables these objects to connect and exchange data.

Facebook asks new Indian users to enter names as per Aadhaar Card while signing up

Dec 28, 2017
Social Media giant Facebook started testing the use of Aadhaar by asking new Indian users to enter their names as per Aadhaar Card while signing up. The move is aimed at cutting the number of fake accounts on the social media platform.

Skill Development Ministry, Maruti Suzuki sign MoU to impart skill training to youth

Dec 19, 2017
The Skill Development Ministry has signed a Memorandum of Agreement (MoU) with Maruti Suzuki to impart training to youth and enhance their employment potential. The agreement will provide an opportunity to the youth to acquire skills related to automobile and manufacturing industry through specially designed training.

Disney to acquire 21st Century Fox assets for USD 52.4 Billion in stock

Dec 15, 2017
Prior to the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company. Disney's Robert Iger will continue to serve as the Chairman and CEO of Disney through 2021.

Meredith Corporation to acquire Time Inc. for USD 2.8 billion

Nov 28, 2017
Meredith will pay USD 18.50 for per share of Time Inc. which totals at about USD 1.85 billion. However, Time Inc.'s debt will raise the total value of the deal to about USD 2.8 billion. Out of the total sum, billionaire brothers Charles and David Koch will contribute USD 650 million via their private-equity firm Koch Equity Development.

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