Cashback and Coupon site, Cashkaro, has raised an undisclosed amount from Ratan Tata. Tata has made the investment in his personal capacity. The funding comes just two months after the Gurgaon based startup raised Rs 25 crores in its Series A funding led by Kalaari Capital.

CashKaro works on an affiliate model and was founded by entrepreneur couple Swati & Rohan Bhargava in mid-2013.

The world’s most popular messaging service, WhatsApp, is dropping its token $1 fee still levied on some users as it experiments with making businesses pay to reach their customers, chief executive Jan Koum said on Monday.

In addition, the Facebook-owned communications service expects in the coming months to offer complete encryption of messages, in a move to ensure the privacy of user conversations that is likely to draw further criticism from some governments.

IT major Wipro has reported a sequential dip in net profit of 0.06% for the October-December quarter, impacted primarily by the Chennai floods and a lower utilisation of its human resources, reports fe Bureau in Bengaluru. Wipro posted a net profit of Rs 2,234 crore for the third quarter, known to be a seasonally weak period, in line with analysts’ expectations, but provided a revenue growth guidance of 2-4% for the final quarter, indicating better tidings.

Diversified group ITC’s instant noodles brand Yippee is inching closer to become a Rs 1,000- crore brand, making the most out of the controversy that hit rival Nestle’s Maggi.

“Sunfeast YiPPee! as a brand is now in its fifth year post the national rollout… We are proud to say that Yippee Noodles is poised to enter the Rs 1,000 crore club in the ITC Foods stable,” ITC Ltd Divisional Chief Executive, Foods Division V L Rajesh told PTI.

Reliance Industries shares gained as much as 2.8 per cent intraday on Monday ahead of its Q3 results later in the day. Market experts are predicting a double digit growth from the quarter ended December 2015.

At 2.05 pm, RIL shares were trading 2.21 per cent up at Rs 1039.15. The scrip opened at Rs 1018 and had touched a high and low of Rs 1047 and Rs 1015.20, respectively, in trade so far.

Markets extended gains helped by a rebound in bank shares along with index heavyweight Reliance Industries and Infosys leading the gains.

At 10:15am, the S&P BSE Sensex was up 172 points at 24,360 and the Nifty50 was up 50 points at 7,401.

Mahindra & Mahindra, the country's largest utility vehicle manufacturer, is open to building engines smaller than the one in the KUV1OO, which it launched last week.

The Mumbai-based automaker launched the KUV100 with an engine that is nearly half of the standard engines in its portfolio. The KUV1OO is powered by 1.2 litre petrol and diesel engines whereas M&M’s other engines – 2.2 and 2.5 litre diesel ones – power the Scorpio, the XUV500 and Bolero.

Mumbai: Market benchmark Sensex on Monday fell to a 20-month low after plunging 266.67 points to 24,188.37, dragged down by a massive dip in exports, while Reliance Industries Ltd (RIL) cracked over 5% on crude oil slipping below $28 per barrel.

Moreover, muted earnings and widening trade deficit to $11.6 billion in December as against $9.1 billion in the year-ago period, further battered the market mood, which is already rattled by depreciating rupee and concerns over health of the Chinese economy.

Malaysian budget airline AirAsia today said it will offer 20 per cent discount on base fares to private sector lender ICICI Bank's debit and credit card holders, under an exclusive tie-up, for a limited period.

The offer will be valid for travel on AirAsia Berhad, AirAsia India and Thai AirAsia flights, the airline said in a release.

The Bajaj Auto stock was down over three per cent on worries that further adverse currency movement in its key markets like Nigeria could hurt the company's revenues and margins. Nigeria, which accounts for over two-thirds of its Africa exports, is the single largest export market for Bajaj Auto with more than than a third of its export volumes going into that country. Why Nigeria and other key export markets such as Egypt are important is because exports constitute a major portion of the company's revenues at about 45 per cent and an even higher portion of operating profit given these markets fetch better margins.

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