Business news

L&T Infotech focuses on hiring in India even as IT firms ramp up US recruitment

Larsen and Toubro Infotech has said that the firm's focus remains on India and that is where most of the hiring activity is going to take place, even as many IT firms are hiring in the US.

Jul 19, 2017

Air India narrows losses for FY17, operating profit skyrockets

For the financial year 2016-17, national carrier reported net loss of Rs 3,643 crore from Rs 3,836 crore in the preceding fiscal.

Jul 19, 2017

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Air India chief Ashwani Lohani says stake sale 'a win-win' for employees amid reports of staff buyout

Apart from outlining the benefits of Air India's disinvestment from the business point of view, Lohani also said that the employees would enjoy working under a corporate structure.

Jul 19, 2017

Excess baggage: Air India may offer voluntary retirement to 15,000 staffers ahead of selloff

Previous attempts to offload the airline have failed because of the scale and complexity of problems at Air India, and resistance from its influential unions.

Jul 18, 2017

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Smoke alarm: Cigarette cess spooks markets, bears strike in the guise of ITC, Reliance

Biggest fall since November 2016 as Nifty ends below 9,850; BSE Sensex dragged down by index heavyweights ITC and Reliance Industries.

Jul 18, 2017

Hindustan Unilever posts upbeat results for June quarter

Net profit rises 9 percent while revenues grow 5 percent YoY despite volumes remaining almost flat.

Jul 18, 2017

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A breath of fresh air: US-based Softvision to hire 500 techies in Bangalore

Softvision requires engineers in specific departments such as mobility iOS, Java Scala and Android and plans to take on board the engineers over the next 12 months.

Jul 18, 2017

Legal spillover: RIL, ONGC, Shell told to shell out $3 bn in fines

The dispute over the government's share of profit petroleum and royalty from the PMT fields has raged for many years.

Jul 18, 2017

IndiGo's regional flights may take off by November: Report

Services in the southern region can provide the fillip since three regional players are facing problems for more than a year.

Jul 18, 2017

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Ind-Ra forecasts additional provisioning to eat into bank profits by around 25 percent in fiscal 2018.

Jul 18, 2017

Flipkart makes revised offer of about $950 million to buy Snapdeal

Flipkart's new proposal, reportedly made over the weekend, is said to be worth between $900-$950 million and is now being evaluated and discussed by the board of Snapdeal.

Jul 18, 2017