Business news

Former Adidas AG executive found guilty in US college basketball bribery scheme

James Gatto, former head of global sports marketing for basketball at the athletic wear company, was convicted of wire fraud by a jury in Manhattan federal court.

Oct 25, 2018

Wipro increase freshers' salaries by Rs 30,000 per annum

TCS has started a national-level test during placements to find those with newer skills, preferably in coding. Infosys is also on a similar path.

Oct 25, 2018

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Net profit at India's top-selling car maker fell to 22.40 billion rupees ($305.76 million) in the quarter ended Sept 30 from 24.84 billion rupees last year as higher crude oil prices and a weakening rupee weighed on consumer demand.

Oct 25, 2018

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Rupee helps IT sector toplines; HCL to recruit 30,000 engineers this year

The Experis IT Employment Outlook Survey said earlier this week hiring in the IT sector will pick up this financial year.

Oct 25, 2018

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

IndiGo, the country's largest carrier with a market share of over 40 percent, reported a loss of Rs 652.1 crore in the quarter ended September 2018. The loss has been attributed to high fuel cost, rupee depreciation and intense competition

Oct 25, 2018

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

Oct 25, 2018

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

Oct 23, 2018

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

However, on the upside, TeamLease said jobs will be created in areas like as project management and IT infrastructure.

Oct 23, 2018

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

For the first time, the cab drivers are demanding a fix minimum fare between Rs 100 and Rs 150 and the charge per km between Rs 18 and Rs 23, depending upon the type of vehicle booked.

Oct 22, 2018

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Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

As a cost-cutting measure and to save fuel, the airline company has also grounded eight of its flights at Chennai and Mumbai airports.

Oct 22, 2018

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

A litre of diesel costs 12 paise more than that of petrol in Bhubaneswar, with diesel being sold at Rs 80.69 per litre and petrol at Rs 80.57 per litre.

Oct 22, 2018

Madhya Pradesh: Over 400 theatres shut down to protest against entertainment tax

A theatre owner said that entertainment tax, which had been levied over and above GST, had created an additional financial burden on the sector and was also defeating the "one nation, one tax" that GST promised.

Oct 22, 2018

Mukesh Ambani, Sunil Mittal to share dais at India Mobile Congress; all you need to know

Heads of the country's top telecom firms will be seen sharing dais during the India Mobile Congress from October 25-27, where these telcos are expected to discuss critical issues facing the industry.

Oct 21, 2018

End of 'Good Times'? Embattled tycoon Vijay Mallya might lose swanky London mansion

Mallya, his mother Lalitha Mallya and son, Siddhartha Mallya might soon have to leave their Regent Park facing London home.

Oct 21, 2018

HDFC Bank Q2 net profit rises 20.6% to Rs 5,006 crore

The Bank's total income for the quarter under review was at Rs 28,215.2 crore, up by 21.2 per cent from Rs 23,276.2 crore for the corresponding period last year.

Oct 21, 2018

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Business news

Former Adidas AG executive found guilty in US college basketball bribery scheme

Wipro increase freshers' salaries by Rs 30,000 per annum

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Rupee helps IT sector toplines; HCL to recruit 30,000 engineers this year

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

Sensex hits 7-month low, falls over 400 points amid rout in global equities

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

Madhya Pradesh: Over 400 theatres shut down to protest against entertainment tax

Mukesh Ambani, Sunil Mittal to share dais at India Mobile Congress; all you need to know

End of 'Good Times'? Embattled tycoon Vijay Mallya might lose swanky London mansion

HDFC Bank Q2 net profit rises 20.6% to Rs 5,006 crore

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]