Cairn Energy, one of Europe’s leading independent oil and gas exploration and development companies   has sought $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal re-organisation of its India unit. The Edinburgh-based company demanded withdrawal of the tax demand, sighting the fact that India had failed to …

The record-breaking and hugely popular mobile game Pokemon Go was supposed to be launched in Asia beginning with Japan.Following an email leak, Niantic has decided to postpone the launch of Pokemon Go in Japan. The news has not only sent shockwaves to fans, but it has also sentNintendo’s stock spirallingdown by 10 percent. Technology news site TechCrunch said that the …

Japan- based numero uno messaging app “Line” raised almost $1.1 billion opened in Initial Public Offering (IPO), held today on Monday, July 12, 2016. Though currently, financial market is at its low being lukewarm but it might fade soon. The respective app’s share priced at 3,300 Yen or at $32.84 USD traded in the financial market which had been predicted …

In a recent event of organising new National Mineral Exploration Policy (NMEP), 100 mineral blocks of comprising 100 sq km each likely to be explored by November this year.  The approval subjugated from Government of India would all the way help to boost mining potential thus attracting more foreign direct investment in the country. An exponential development in the mining sector …

Nirma Ltd. is all set to take possession of Lafarge-Holcim Ltd. India segment worth at $1.4 billion. The company happens to be world’s largest cement maker which operates three cement plants and two grinding stations in India. It has a whopping capacity of 11 million tonnes on an annual basis. The following company aggregates the market as being the country’s …

Nirma Ltd. is all set to take possession of Lafarge-Holcim Ltd. India segment worth at $1.4 billion. The company happens to be world’s largest cement maker which operates three cement plants and two grinding stations in India. It has a whopping capacity of 11 million tonnes on an annual basis. The following company aggregates the market as being the country’s …

As Sony is struggling to sell their smartphones in India, the Japanese multinational conglomerate corporation announced to the public, during the recent investor day in Tokyo, that their smartphone business will defocus on the Indian market. Not only that but the Japanese tech supergiant also stated that they are facing huge losses in the USA, China and Brazil too and …

Hyderabad-based company Nowfloats, which helps local businesses get noticed online, has acquired Bangalore-based chat-commerce platform Lookup, for an undisclosed amount. However, Lookup is reported to keep functioning as an independent brand even after the acquisition. Lookup, which enables users to discover and reach out to merchants in their area, had been looking for funding for quite some time and had garnered nearly $2.5 million …

End of an era, as one of the last independently operated pioneers of the web world, Yahoo has been sold to Verizon for $4.8 billion. Although any official announcement has not been made from any of the two companies, it is expected to happen before the markets open on Monday. Founded in 1994, this Silicon Valley company started its journey …

One of the most noted payment methods in the mobile era in global standards Stripe, similar to PayPal (as per Fobes), the Silicon Valley start-up is all set to enter the Indian market with a whopping budget of US $5 Billion. With its first hiring in its hand, former Amazon executive Anand Balaji will take care of growth of the …

Recently, International Air Transport Association (IATA) reported that India’s domestic passengerair travelling preference increased by 21% in the month of May. The position sustained from the past 14 months in comparison to last year. This year in May the air traffic grew by 5.1% in domestic travel whereas international modeof the travelling increased by 4.3%. The IATA pointed out that …

Japan- based numero uno messaging app “Line” raised almost $1.1 billion opened in Initial Public Offering (IPO), held today on Monday, July 12, 2016. Though currently, financial market is at its low being lukewarm but it might fade soon. The respective app’s share priced at 3,300 Yen or at $32.84 USD traded in the financial market which had been predicted …

Hyderabad-based company Nowfloats,which helps local businesses get noticed online, has acquired Bangalore-basedchat-commerce platform Lookup, for an undisclosed amount. However, Lookup is reported to keep functioning as anindependent brand even after the acquisition. Lookup, which enables users to discover and reach out to merchants in their area, had been looking for funding forquite some time and had garnered nearly $2.5 million …

The hospitality segment which includes majorly Restaurants in India will contribute a huge amount of money through taxes by the end of 2016. The total sum comes approximately at 22,400 Crores INR. The process would also lead to recruitment of millions of aspirants willing to take jobs in the similar sector. At present Indian Food Services Report (IFSR) is planning …

Prime Minister of India Narendra Modi‘s recent visit to Geneva, Switzerland has made heads turned up as the respective government has tried on convincing to give full support and co-operation so as to tackle tax evasion. As per statement provided by Press Information Bureau, the country will help out with all details of Swiss bank accounts where loads of black …

Renowned micro-blogging site Twitter has planned to invest 70 million USD infamous music streaming web portal SoundCloud, which will help the site to enter music industry including stakes in the company. Past two years was given to planning so that it may target stalled growth thus getting engaged with 300 million users/subscribers at once. According to SoundCloud Spokesperson, Twitter has …

Michael Adnani has been appointed as the new Chief Executive Officer (CEO) of Styletag which is an eCommerce marketplace dealing in women’s curated fashion. Mr. Adnani was the former Vice President (VP) of Flipkart, and a very well known face in the eCommerce trade world of India. As the new Styletag CEO, Mr Adnani will be leading the company’s operation …

World renowned online cloud storage service provider Dropbox has added some intuitive features in it. The app of the Dropbox has been redesigned, and features like scanning documents using a mobile camera, etc. have been added. Dropbox is now trying to expand its features from file-syncing and sharing into the bigger market of cloud-based storage solution and collaboration. The company …

To match up the stiff competitions from Flipkart and Snapdeal, World’s E-commerce giant Amazon announces to lower the referral fee for the affiliates! Instead of charging sellers extra percentage, Amazon has chosen a way out to meet the price gap with its competitors. Amazon has listed up a new referral fee structure that shows an extra cut of referral fee …

World’s largest chemical producer BASF India’s segment revealed that its parent company is all set to acquire Germany’s specialty chemical firm Chemetall for 3.2 billion USD. The statement was reported here on Wednesday in New Delhi. The respective Germany based company Chemetall specializes in making chemicals used in a treatment of metals and plastics belonging to the surface. These are …

After the much talked about stepping down of Governor of RBI Raghuram Rajan preceded to its resignation, many deserving candidates were listed as his successor. The center named few noted names of renowned firms which is still under speculation. In the midst of all this, Deputy Governor of RBI got appointed. The accredited candidate is nonetheless N S Vishwanathan. The …

The Central government carried forward a new plan in the context of Civil Aviation Policy in which 5/20 rule got partially abolished after much hue and cry leading to even lobbying. The new set rules will help other aviation giants such as Air Asia and Vista to look forward towards international operations. The minimum five requirements will be scrapped out …

The Indian tea industry notched up a new record during the 2015-16 financial year as it marked the highest-ever production in a financial year at 1233.14 million kg (mkg). Not only that, but the country has also surpassed the 230 mkg mark after a span of 35 years, and has been able to export 232.92 mkg valued at Rs 4493.10 …

After a very intensive negative discussion over Flipkart’s decision of deferring the joining date of IIMA grads, the company is trying to get its old executives back. Since Binny Bansal got the position of CEO of the Flipkart, he has been trying to get some Ex-senior employee back in their crucial roles. Flipkart experienced some high-level exits in the last …

It’s time we bid adieu to an articulate speaker as well as a contrarian one of the best RBI governor’s till date, Raghuram Rajan. The man of uniqueness gave us some of the best messages regarding ways of exponential growth, reformed economics and so on. India has witnessed governors come and leave but with Raghuram, the talk stays unfinished. What …