Category: Business Stories

E-commerce companies Amazon, Flipkart and Paytm may face probe for offering heavy discounts

The discounting practices by e-commerce companies like Amazon, Flipkart, and Paytm may lead to a probe according to Competition Commission of India (CCI). Discounting by online retailer on their platforms is explicitly banned; CCI found that Flipkart and other online retailers were discounting on their platforms. In March 2016, the country allowed 100 percent FDI […]

Apple becomes the first trillion dollar company in history

Apple is among the most iconic companies the world has ever seen. Everything related to it is subject to hyper attention from media houses.  Its rise, fall, and rise again have been like the typical Bollywood movie stories. It created many firsts in the world including the revolutionary touchscreen Smartphone. The sleek design, magical user […]

Huawei beats Apple to become the second largest smartphone maker in the world

Huawei, the Chinese Smartphone maker has taken over the American giant Apple as the second largest Smartphone maker in the world. The South Korean giant, Samsung has maintained its top position but its sales have declined significantly. Data from International Data Corporation (IDC) research shows that in the second quarter of 2018 Huawei’s sales jumped […]

Rising number of Merger and Acquisition operations sign of healthy economy, will benefit the consumers

India has almost 17 lakh companies with a heavy concentration in states like Maharashtra, Delhi, and West Bengal. Most of these companies are in Micro Small and Medium Enterprises (MSME) sector. The earlier governments’ focus on MSME sector did not increase productivity in this sector but it allowed the big companies to create many shell […]

TCS, the crown jewel of Tata Group, is a true representative of Indian ethos

Information Technology (IT) is one of the largest job providers in the organized job sector in India. The 156 billion dollar IT industry is the backbone of Indian economy and its exports sector. Indian IT companies provide software services across the globe and most of the foreign exchange in the country comes from through these […]

The Rise and Fall of Sahara and Subrata Roy

Subrata Roy of Sahara India Parivar is one of the most famous, admired and influential role models for rural and small-town folks in north India. His personal relations with politicians, Bollywood stars and cricketers has always kept him in the media’s limelight. His company was the main sponsor of the Indian national cricket team for […]

Investors pulling out of Chinese economy with companies defaulting on corporate bonds

The good days for the Chinese economy remain far away, despite all the ground breaking efforts by the government. Private and public companies are zooming towards a year of record-high corporate bond default. A corporate bond is a bond issued by a corporation in order to raise finances for a variety of reasons, like supporting ongoing operations, merger & acquisitions (M&A), or […]

Private Equity Investment hits record high of $8.2 Bn, up 60% from last year

Indian economy is one which sustains itself on domestic investment and consumption rather than exports and foreign investment. Consumption accounts for two thirds of Gross Domestic Product (GDP) of the country. In the last years of the UPA government, there was capital flight from the country because the economy was slowing down and investor’s sentiments […]

After busting loan-power grabbing, SEBI directs VCPL to make offer to indirectly acquire 52% of NDTV

The Securities and Exchange Board (SEBI) has told Vishvapradhan Commercial Private Limited (VCPL) to make an open offer to New Delhi Television (NDTV) within 45 days for indirectly acquiring up to 52 percent stake. SEBI is an independent regulator of the capital market in India. VCPL owns a majority stake in NDTV after it gave […]

Not my fault: Videocon founder blames Supreme Court, PM Modi, Brazil for company’s losses.

Venugopal Dhoot, whose company Videocon Industries is sitting on a debt pile of 39 billion rupees ($579 million) has blamed PM Modi, Supreme Court of India and Brazil for his bad debt. The Videocon group’s core areas of business are consumer electronics and home appliances. It is one of the largest manufacturers of Cathode Ray […]

A tale of two Ambanis: The contrasting destinies of Mukesh and Anil Ambani as Reliance Telecom goes bankrupt

Can you believe that an Ambani company would be going bankrupt one day? The late Dhirubhai Ambani led Reliance group, which used to symbolize the Indian growth story has gone bankrupt. Reliance group is headed by Dhirubhai Ambani’s younger son Anil Ambani. Three petitions were filed by Swedish telecom giant Ericsson against Reliance Communications and […]

The Walmart vs Amazon War has arrived at the Indian Battlefield

India is the new battleground for the tug of war going on between Amazon and Walmart for dominance over online and offline retail markets. Walmart recently announced their decision to buy Indian e-commerce giant Flipkart for a whopping $16 Billion, the biggest e-commerce player in the Indian market. Now Flipkart faces tough competition from the […]