corporate news

Flipkart raises $1 bn funding; drops plans to go public

With this round of fund raising, Flipkart is valued at about USD 7 billion (around Rs 42,000 crore), says sources. (Reuters)

With this round of fund raising, Flipkart is valued at about USD 7 billion (around Rs 42,000 crore).

Flipkart launches e-learning categoryXiaomi launches budget smartphone Mi 3 in India, makes it available on FlipKart
A girl buys bangles ahead of Eid al-Fitr. (Image Courtesy: AP, PTI)
With 30 pct slump in sales, its not business as usual this 'Eid Ul-Fitr' as rising prices hit sentiment
Even as Muslims across the city are celebrating 'Eid Ul-Fitr' today, local traders...

Environment groups' concerns over Adani proj exaggerated: Greg Hunt

Environmentalists have raised strong concerns about dredging and dumping at the Abbot Point which is...

John Kerry praises 'Tata' for creating jobs in US

"Already, Indian investment creates close to 100,000 jobs right here at home," Kerry said referring ...

ITC quarterly profit up 15.6 pct; sales jump on smaller smokes, consumer goods

ITC had registered a net profit of Rs 1,891.33 crore in the April-June period of 2013-14.

Reliance Power to raise Rs 9,500 cr debt to fund JPVL buyout

The shares of Reliance Power rose by 3.5 per cent on Monday to close at Rs 94 even as the broader ma...
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HAL executives to get leadership lessons from IIM-Ahmedabad
Hindustan Aeronautics Ltd (HAL) has roped in IIM-A to train its senior executives under.
Bharti Airtel crosses 300 mn customers milestone
Bharti Airtel ranks as 4th largest mobile service provider globally and 2nd outside of China.
Britannia Industries quarterly net profit up 65.5%
Our results are a reflection of our focus on driving consumer off-take: Vinita Bali
Larsen and Tourbo Q1 net profit up over 2-fold on disinvestment gain
Larsen and Toubro received Rs 33,408 crore order during the reporting quarter...
Essar Projects bags $80 mn contract with Abu Dhabi refiner
Essar Projects (EPL) has bagged three new orders totalling $80 million (93 million dirhams) in Abu D...
HDFC Mutual Fund hikes stake in Gammon India to 6.31%
The company scrip closed at Rs 28, down 1.58 per cent, on the BSE ...
Mercedes-Benz to Launch New S-class by 2013-end in India
The new S-Class will be made available in 5-different body types including short wheelbase saloon.
Persistent Systems Q1 Net up 20.5 pc at Rs 68.8 crore
The company registered a 21.7 per cent rise in revenues to Rs 434.98 crore in the said period from R...
AirAsia India launch seen in Q4, may order 50 more jets
AirAsia could buy another 50 planes in India as part of its expansion drive: CEO Tony Fernandes
Uninor opens 362 stores in one day, enters Guinness Book of World Records
Uninor says this is a world record for biggest retail expansion in a day.
UB Group can't revoke power of attorney unilaterally: Bankers
This includes shares held in United Spirits, Mangalore Chemicals & Fertilisers and KFA.
Hindustan Unilever quarterly profit rises 3.7 pct at Rs 7,570 cr
Hindustan Unilever's net sales climbed to Rs 7,570 cr from Rs 6,687 cr a year ago.
Aided by high seat factor, IndiGo tops in capacity addition
India's largest passenger carrier IndiGo, whose market share reached nearly 30% in April.
Anand Mahindra invests in Rohit Khattar's entertainment company Cinestaan
Cinestaan, with major investment by Anand Mahindra, will produce films and TV content.
SpiceJet narrows net loss in fourth quarter to Rs 186 cr
Low-cost airline SpiceJet said its net loss narrowed on back of higher passenger traffic, fare hikes...
There will be increased retail presence over next few years: Harman India country head
Harman India makes significant investments in India on customised audio and infotainment solutions.
Sreesanth company S36 Sports to come under RoC lens
RoC Bangalore will undertake a technical scrutiny of the book of accounts of Sreesanth's firm.
Havells Q1 net profit up 13.32% at Rs 107 crore
Net sales of Havell rose to Rs 1,267 crore for the April-June quarter.
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