Business news

Cisco Systems to lay off 1,100 employees as part of restructuring plan

Cisco Systems announced on Wednesday that it would lay off 1,100 employees. The company, based in San José, California, had announced 5,500 job cuts in August 2016.

May 18, 2017

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Sensex, NSE trading in the red; crucial GST Council meeting to finalise rates begins today

Both Sensex and Nifty were trading with losses, tracking global sell-off; 14th GST Council meeting begins today.

May 18, 2017

JSW Steel Q4 net profit rises three-fold, revenues up 60%

For the fourth quarter (Q4) ended March 2017, JSW Steel's standalone net profit stood at Rs 1,003 crore and total income at Rs 16,952 crore.

May 17, 2017

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Hindustan Unilever net profit, revenues rise modestly for March quarter

Standalone net profit and revenues grew 6 percent in Q4, Hindustan Unilever said in a statement to the BSE on Wednesday.

May 17, 2017

Wipro launches blockchain-based solutions

The Bengaluru-based IT company says the solutions were defined, designed and co-developed with clients at Wipro's Blockchain Innovation Lab.

May 17, 2017

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Over 90% startups in India fail in first five years: IBM

Startups in the country are facing funding roadblocks both at entry and exit stages.

May 17, 2017

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani tops Forbes list of Global Game Changers

Reliance Industries chairman Mukesh Ambani successfully forayed into mobile telecom with Reliance Jio last year and has many other achievements to his credit, says the Forbes List of Global Game Changers.

May 17, 2017

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Paytm Payments Bank to commence operations from May 23

In a communication, One97 Communications says Paytm Payments Bank has received final licence from RBI.

May 17, 2017

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Tata Steel leads Sensex rally, up 8% after upbeat Q4 results

Fourth quarter (Q4) profit before exceptional item rose sharply to Rs. 3,352 crore, revenues were up 30 percent on higher output and pricing for Tata Steel, triggering a rally in share price.

May 17, 2017

IBM India refutes reports of mass layoffs in the coming months; appraisal may affect a few

IBM India has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.

May 17, 2017

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Small businesses suffer as India's bruised banks sit on deposits

Banks' worsening asset quality is making them reluctant to grant new loans, especially to small- and medium-sized enterprises (SMEs).

May 17, 2017

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Terralogic, Matrium Technologies to jointly serve customers in Southeast Asia

The new entity is registered in Australia as Matrium Terralogic PTY Ltd. and will do business as Matrium Terralogic.

May 16, 2017

What is in the Labour Party manifesto?

The party are promising to renationalize energy, water rail and mail services, give an additional £6bn ($7.76bn) to the NHS, and raise corporation tax.

May 16, 2017

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Here's how much Indian user data WhatsApp shares with Facebook!

WhatsApp may have to pay a hefty fine in Italy for violating anti-trust rules. However, all eyes are now on India, where the Supreme Court is hearing a similar case.

May 16, 2017

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Brigade Hospitality Services' Nirupa Shankar hopes for 'achchhe din' this fiscal

Demonetisation hit real estate firms hard last year and this fiscal, the companies have to contend with RERA and GST; still the sector is optimistic, says Nirupa Shankar, director, Brigade Hospitality Services Ltd.

May 16, 2017