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Ola raises $500 million from Tiger, Softbank and Didi Kuaidi

The fresh round of funding takes Ola's valuation to $5 billion

PM Modi says govt committed to fighting corruption

Discloses government has reduced pension benefits of 45 senior officers for 'unsatisfactory performance'

Medimix brand launched in Sri Lanka

Brand now available in 26 overseas nations

Shasun Pharma suspends operations temporarily at Cuddalore factory

Yesterday an employee died in a fire accident at the facility

Delivery service aggregator Hipship raises fund from Inara Capital

Partners with leading logistics companies to enable deliveries, giving users the ption to choose their vendor of choice

Modi govt clears clutch of moves to revive projects, boost revenue

Measures include revival of stalled road projects, 10% stake sale in CIL, and interest subvention for exporters

United India Insurance clocks Rs 356-cr PAT during H1 of 2015-16

Company receives claims intimation worth Rs 110 cr due to flood in Tamil Nadu

TAKE Solutions acquires Ecron Acunova in Rs 115-cr deal

Company says acquisition would enhance domain expertise & deliver differentiated value to its customers

Philips India appoints V Raja as VP & MD

In his new role, Raja will be responsible for driving and building the Healthcare and Consumer Lifestyle businesses for Philips in India

Zydus to start phase-II clinical trials for Saroglitazar in US

The drug is used for treatment of Hypertriglyceridemia and Diabetic Dyslipidemia

Rainfall abates in Tamil Nadu

Defence forces join rescue efforts; commercial establishments start work, schools & colleges stay shut

LIC diet sees more equity chomp

In a clear trend, investing markedly more in stocks during recent years, with marked participation in some large issues

CCI fines IndiGo, Jet, SpiceJet for cartelisation

Rs 258-crore penalty for colluding in fixing fuel surcharge rates for cargo operations

Infosys looks to step up local hiring in US

Company recruited 250 freshers from US campuses last year, plans to increase further

India's internet user base to touch 400 million by Dec: IAMAI

India currently has 375 million internet users

Tomato prices to cool soon: Centre

Direct dole to sugarcane farmers on Cabinet agenda

Subsidy of Rs 4.50 a quintal to be deposited into growers' accounts; subsidy outgo pegged at more than Rs 1,100 cr

Ola announces boat service in rain battered Chennai

The boats will engage in rescue operations and provide food and drinking water in water clogged areas

Realty developers see market on weak footing

Comes down from 71 on Real Estate Sentiment Index in Q3, 2014 to 59 in Q3, 2015

NDA to discuss floor strategy in House

The 20-day session begins on Nov 26; fears of another washout session loom