Business news

Election-year uncertainties inhibit market after RBI rate cut surprise

Feel-good vibe of interim budget ebb as worry over large borrowings and choppy global indices spur risk aversion.

Feb 8, 2019

British billionaire Richard Branson to go to space by July?

Branson wants to commemorate the 50th anniversary of the moon landing, which took place on July 20, 1960, during the Apollo 11 mission.

Feb 8, 2019

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys to double campus hiring in US, on track to take in 10,000 local workers by 2020

In the last 18 months, Infosys is known to have hired about 7,600 locals in the US and had said that it was making a "sustained effort" in taking forward its localisation drive. Many believe this is the company's way to appease the Trump's admin that has tightened H-1B visa rules to stop its "abuse."

Feb 8, 2019

Tata Motors logos are seen at their flagship showroom

Tata Motors reports massive Q3 net loss of Rs 26,961 crore on Jaguar Land Rover woes

According to the group, its net profit was impacted by an exceptional item of "Asset Impairment" in JLR (Jaguar Land Rover) worth Rs 27,838 crore (3.1 billion pounds).

Feb 8, 2019

Twitter Goes Public On The New York Stock Exchange

Twitter revenue hits $909 million in Q4

The social network's net income for the fourth quarter was $255 million, compared with $91 million in the same period of a year earlier, representing a net margin of 40 per cent.

Feb 8, 2019

RBI monetary policy: Repo rate cut to 6.25% expected to push further growth

The shift in RBI policy stance to 'neutral' from 'calibrated tightening' is expected to help Prime Minister Modi's re-election bid by easing liquidity.

Feb 7, 2019

Cognizant CEO Francisco D'Souza steps down, Vodafone executive Brian Humphries to take over

This is the first time Cognizant has picked an outsider to head the company and Humphries will take over on April 1, 2019. D'Souza will serve as a full time executive vice chairman until June 30, after which he will be a part of the board as a vice chairman.

Feb 7, 2019

New SIP investors face heat as equity fund returns slip into red

The stock market has been witnessing a huge inflow of money into equity mutual funds through the SIP route.

Feb 7, 2019

Essel Group eyes hiving off finserv businesses to cut debt burden

The move is part of Subhash Chandra's efforts to deleverage debt-laden balance sheet after lenders secured a deal over Zee Entertainment

Feb 6, 2019

No more discounts on Zomato and Swiggy? Code of conduct to soon hit online food aggregators

The National Restaurant Association of India (NRAI) feels that Zomato and Swiggy have created an imbalance in the market and will have a meeting in Mumbai on Thursday.

Feb 6, 2019

Ericsson files contempt plea against SBI chief over Rcom's Rs 550 cr dues - Report

Ericsson accuses SBI of not helping to retrieve the dues from RCom in its capacity as the lead banker during RCom's attempts to sell wireless assets to Reliance Jio.

Feb 6, 2019

More headache for Bharti Airtel as Moody's downgrades rating over cash flows

Last week, Airtel registered a drop of 72 percent in consolidated net income for the three months ended December 2018 at about Rs 86 crore.

Feb 6, 2019

Subhash Chandra's personal guarantee saves Zee from default

Lenders get greater control over developments at Zee in a deal that prevents the sale of pledged shares amid a price fall

Feb 5, 2019

BENGALURU, IndiaMicrosoft Chief Executive Officer Satya Nadella and Flipkart Group Chief Executive Officer and co-founder Binny Bansal attend a news conference in Bengaluru, India, February 20, 2017. REUTERS/Abhishek N. Chinnappa

Flipkart co-founder Binny Bansal focusing energy on nurturing startups

Breaking silence after his Flipkart exit amid #MeToo storm, Binny Bansal is hopeful that his new venture xto10x Technologies will help startups avoid pitfalls he made early on.

Feb 5, 2019

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Asset sale to Reliance Jio, which would have brought nearly Rs 18,000-crore to debt laden Rcom, floundered after creditors demanded payment ahead of the sale.

Feb 5, 2019

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Business news

Election-year uncertainties inhibit market after RBI rate cut surprise

British billionaire Richard Branson to go to space by July?

Infosys to double campus hiring in US, on track to take in 10,000 local workers by 2020

Tata Motors reports massive Q3 net loss of Rs 26,961 crore on Jaguar Land Rover woes

Twitter revenue hits $909 million in Q4

RBI monetary policy: Repo rate cut to 6.25% expected to push further growth

Cognizant CEO Francisco D'Souza steps down, Vodafone executive Brian Humphries to take over

New SIP investors face heat as equity fund returns slip into red

Essel Group eyes hiving off finserv businesses to cut debt burden

No more discounts on Zomato and Swiggy? Code of conduct to soon hit online food aggregators

Ericsson files contempt plea against SBI chief over Rcom's Rs 550 cr dues - Report

More headache for Bharti Airtel as Moody's downgrades rating over cash flows

Subhash Chandra's personal guarantee saves Zee from default

Flipkart co-founder Binny Bansal focusing energy on nurturing startups

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]