Anil Ambani faces contempt of court in Ericsson case, has to pay a fine of Rs 453 crore.

Anil Ambani, chairman of Reliance Communications has been held guilty of contempt of court by the Supreme court. According to reports, RCom did not observe the undertaking given by the court to... Read more »

Flipkart Co-Founder Sachin Bansal invests Rs 650 crore in Ola

Flipkart Co-Founder Sachin Bansal has invested about 650 crore in Ola cab riding service. This has put its contender Uber in a tough spot. This happens to be Sachin’s personal investment and... Read more »

RBI to give interim dividend of Rs 28,000 crore to government

RBI will be paying Rs 28,000 crore as interim dividend to the government. This amount would help the Centre meets its revised budget estimates which includes an allocation for the income transfer... Read more »

Cognizant to pay $25 million to SEC on grounds of bribery

Coginzant, the U.S multinational is going to pay $25 million to the U.S Security and Exchange Commission (SEC) to help settle bribery charges. This comes after the Department of Justice filed criminal... Read more »

Software Pirates hack iPhones using Apple technology

TutuApp, Panda Helper, AppValley and TweakBox and other software have prodded into Apple phones using digital certificates. This technology was specially introduced by corporations to distribute business apps to their employees without... Read more »

Managing trustee of Tata Trust, R Venkataramanan steps down from his post

The managing trustee of Sir Dorabji Tata Trust, R Venkataramanan on Wednesday will step down from his post with effect from March 31, 2019, the trust said in a statement. “Venkataramanan had informed... Read more »

Reliance Power asked SEBI to ban Edelweiss Group over allegations of misconduct

Anil Ambani led Reliance has asked SEBI to ban Edelweiss Group on grounds of misconduct. According to Ambani, they  participated in illegal activities and have disrupted the market. This comment has caused... Read more »

ICICI Prudential MF announces its AOP

The Additional Offering Period (AOP) of ICICI Prudential Mutual Fund managed BHARAT 22 ETF has just been announced. This AOP is a part of the Government of India’s overall disinvestment program announced... Read more »

UAE to invest in refining and petrochemical projects in India

Oil demand is rising in the world’s third largest energy consumer i.e India. Surprisingly, oil-rich UAE said on Monday that it is looking at investing more in refining and petrochemical projects as... Read more »

MTNL suffers a loss of Rs 2973 crores, seeks claims of Rs 500 crores from Telecom Department

In a world of mobile phones, cash-strapped MTNL are struggling. They have approached the Telecom Department seeking claims of about Rs 500 crore, under multiple heads, including rendering of communications services and... Read more »