Companies

A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York

Johnson & Johnson agrees to pay $413 million for faulty implants; deadlock continues in India

The development comes at a time when J&J is set to face a trial in Dallas on January 14, where five Pinnacle-hip recipients have argued that the companies launched the device into the market without any proper testing.

Dec 13, 2018

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True North to buy majority stake in Max Bupa Health Insurance

The development will highlight the first exit by an Indian promoter in the domestic health insurance industry.

Dec 13, 2018

Nissan to boost external board seats, set up compensation committee

Nissan Motor plans to boost the number of external board members and set up a committee to oversee compensation as part of its effort to improve governance following the arrest of former Chairman Carlos Ghosn for financial misconduct.

Dec 13, 2018

Google CEO Sundar Pichai explains why searching 'idiot' turns up Donald Trump's images

Pichai was in Washington, DC. on Tuesday to defend his company against allegations of political bias and manipulating content at House Judiciary Committee. Republicans felt that search results were manipulated for political gain.

Dec 12, 2018

Walmart's Rs 2,190 crore investment in Flipkart heats up battle with rival Amazon

Capital infusion seen as first of several tranches as Walmart takes on Amazon outside its home turf.

Dec 12, 2018

Byju's raises $400 million in latest round of funding; now valued at $4 billion

Byju's is now valued behind digital payments firm Paytm (One97 Communications Pvt. Ltd), cab-hailing service Ola and budget hotel chain Oyo Rooms.

Dec 12, 2018

Record mergers and acquisitions likely in India next year

Goldman Sachs executive thinks deals in tech-driven consumer and financial services will keep the momentum going

Dec 11, 2018

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Kotak Mahindra Bank takes RBI to court over promoter holding norm; shares tank

As per the central bank requirements, promoter Uday Kotak must reduce holding in the bank to 20 percent by the end of December from 29.73 percent currently.

Dec 10, 2018

Italy fines Facebook 10 million euros for misleading users

The competition watchdog handed Facebook two fines totalling 10 million euros, "also for discouraging users from trying to limit how the company shares their data", Italian portal The Local reported on Saturday.

Dec 8, 2018

Google announces 'Journalism AI' project

Part of the Google News Initiative (GNI), the "Journalism AI" project will focus on research and training for newsrooms on the intersection of AI and journalism.

Dec 8, 2018

Akorn CEO to retire after drugmaker fails to salvage Fresenius merger deal

Akorn Inc said late on Friday its Chief Executive Officer would retire following the drugmaker's inability to salvage its takeover deal with Germany's Fresenius SE.

Dec 8, 2018

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Kotak Bank denial of Warren Buffett firm talks rocks shares

Lender's shares soared after a media report suggested it was in discussions with Berkshire Hathaway over a 10 per cent stake sale

Dec 8, 2018

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ICRA downgrades Jet Airways' rating as carrier battles severe cash-crunch

Local credit rating agency ICRA has downgraded its long-term ratings to C from B-. The short-term rating of the carrier had been kept at A4. Jet Airways too confirmed the downgrade in a regulatory filing.

Dec 8, 2018

Uber files for $76 bln initial public offering -- Report

Uber Chief Executive Dara Khosrowshahi had told Reuters in May that the ride-hailing company was on track to launch an initial public offering next year.

Dec 8, 2018

HCL buys IBM Software Products for $1.8 billion

HCL Chief Executive C. Vijayakumar said in a statement that the deployment of IBM software products would provide it with an opportunity to serve thousands of global enterprises across industry verticals.

Dec 7, 2018