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HCL on the rise, takes over Wipro as third largest IT firm

HCL reported Rs 2,431 crore in net profit for Q1, and overtook Wipro in terms of dollar revenue, clocking $2.05 billion, as compared to Wipro's $2.02 billion.

Jul 28, 2018

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter.

Jul 28, 2018

Domino's takes a slice of GST cuts, deprives customers of benefit

Anti-profiteering authorities are currently investigating the pizza chain for failing to reduce prices of its products and not passing on the cut in GST rates to the consumers.

Jul 27, 2018

Food apps ahead of e-commerce giants in paying delivery staff

Swiggy and Zomato have doubled the salaries of delivery executives and they now pay more than e-commerce giants like BigBasket and Flipkart.

Jul 27, 2018

E-commerce giants, cotton industry hit by truck strike

With no end in sight for the strike, the cotton factories are on the verge of closure and vegetable prices are expected to rocket as inventory is dwindling.

Jul 27, 2018

Play

Last day for filing Income Tax Returns extended to August 31 but there's a catch

The Central Board of Direct Taxes (CBDT) confirmed the extension date for filing Income Tax Returns (ITR). The department has also not mentioned the reason for the change in the deadline.

Jul 26, 2018

Drug-makers to take a hit? Govt may ban 343 'irrational' medicines

The Chandrakant Kokate committee found out that these drugs are irrational and pose health risks, post which the ministry of health and family welfare banned 349 FDCs.

Jul 26, 2018

Pakistan stock exchange sees a rise as nation awaits election results

The stock exchange saw a rise to 42,106 points in early trade as Imran Khan's Pakistan Tehreek-e-Insaf (PTI) surged ahead in early poll results.

Jul 26, 2018

Foreign bond investors shun India, blame RBI's lack of reassurance

Total returns on Indian bonds this year are negative 4 percent, one of the worst in Asia after outperforming last year.

Jul 26, 2018

Cash-on-Delivery deals may be illegal: RBI

The RBI has noted that the CoD option is not permissible as it is not in compliance with the Payments and Settlements Systems (PSS) Act, 2007.

Jul 26, 2018

Facebook's new privacy safeguards will erode company's profits for years

Latest earnings reveal a huge drop in Facebook's market cap as the social media giant is investing heavily in new privacy safeguards, a move that will eat into the company's profits for "years" as per Chief Financial Officer David Wehner.

Jul 26, 2018