Companies

Binny Bansal 'stunned' by allegations, sends email to Flipkart employees

On Tuesday, Walmart had issued a statement saying that Binny had resigned as the CEO after several 'personal misconduct allegations'.

Nov 14, 2018

Infosys to open technology hub in Texas, plans to hire 500 Americans by 2020

Last May, Infosys had announced to hire 10,000 American workers by 2019 and till date, the IT behemoth has employed 6,200 American workers.

Nov 14, 2018

jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

Jet Airways to sell 6 Boeing 777 aircraft in a bid to fly out of debt turbulence

Speaking of the plan, Jet Airways chief financial officer Amit Agarwal told analysts on Tuesday that six aircraft have been identified for the purpose. The proceeds from the sale will be used to clear debts amounting to about Rs 1,800 crore.

Nov 14, 2018

Big shake up in Zee: Promoters to sell upto 50% stake

Over the years, the rise of Zee has been exceptional by growing from a single Hindi language channel to 37 channels across 5 categories that include news and entertainment.

Nov 14, 2018

smartphone sales in q1, smartphone shipments in q1 2017, india smartphone sales, samsung smartphones, apple smartphones, huawei smartphones, indian smartphone market

Mobile handsets may get dearer amid depreciating rupee

It is to be noted that one of the biggest shareholders of the Indian mobile markets by sales, Xiaomi, has raised the prices of its models Redmi 6 and 6A by up to Rs 600

Nov 13, 2018

Tata Sons begins due process for taking over controlling stake in Jet Airways

A Tata Sons' team met Jet Airways officials to take stoke of the situation even as the debt-ridden airline tries to turn around the finances.

Nov 13, 2018

Usha Martin shareholders approve steel business sale to Tata Steel

Shareholders of wire rope maker Usha Martin have approved the sale of its steel unit to Tata Steel aimed at reducing debt burden and expansion of core business.

Nov 12, 2018

us economy, america, credit card repayment, credit card debt, new credit card debti, wallet hub report on credit card debt

Visa, Mastercard and American Express maybe taxed on India income

Presently, these payments companies are not taxed as per the Indian laws since the legislation says that only the foreign companies having 'permanent establishment' in the country would be liable to pay tax.

Nov 12, 2018

GST-based calculation confusing? Here are the new Casio calculators for India

Christened MJ-120 GST and MJ-12 GST, the calculators have been designed for the Indian market and priced at Rs 398 and Rs 475, respectively.

Nov 12, 2018

Apple eyes a bigger bite of market with Amazon deal

As part of the deal, Amazon proposes to delist Apple and Beats products sold by non-authorised resellers, allowing Apple to exert more control over the online sales channel.

Nov 12, 2018

jack ma, alibaba, chinese startups, jack ma paytm, indian startups

Alibaba Singles' Day sales hit $10 billion in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan.

Nov 11, 2018

IndiGo switches 125 Airbus A320neo orders to longer range A321s - report

IndiGo had previously said it plans to add to its fleet of Airbus A320neos and ATR 72 turboprops at a rate of around six planes a month.

Nov 11, 2018

MS Dhoni attends India Cements board meeting, leaves executives awestruck

The executives of the Chennai-based company informed the media that this is the first time Dhoni has participated in a board meeting.

Nov 10, 2018

Big relief for Deloitte, PwC, EY and KPMG as govt panel allows permission to operate in India

The government had formed a committee to look into the complaints made by an Indian firm where they argued that the foreign firms were apparently flouting norms and gaining an undue advantage.

Nov 10, 2018

An Indian counterpunch against Trump and Harley-Davidson: Royal Enfield looks to bolster sales in US

Royal Enfield has managed to frustrate Harley-Davidson's efforts to grow in India which is the world's biggest two-wheeler market with some 17 million in sales annually.

Nov 10, 2018