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Companies

TCS

TCS acquires London-based W12 Studios

W12 Studios creates experiences and products for leading global brands. Nov 1, 2018
Paytm Payments Bank, launch, offers,cash back

Satish Kumar Gupta: Former SBI Deputy General Manager takes over as Paytm Payments Bank CEO

The banker worked with State Bank of India for more than three decades after which he worked at the National Payments Corporations for six years. Nov 1, 2018
Tata Motors logos are seen at their flagship showroom

Tata Motors posts second-quarter loss amid lean JLR sales, one-off charge

Total expenses during July-September rose 8.6 percent, while revenue climbed to 712.93 billion rupees from 695.70 billion rupees a year earlier. Oct 31, 2018
paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

In bruising war for e-wallet market, Paytm, PhonePe rack up heavy losses

While PhonePe's revenue in the financial year 2017-2018 expanded to Rs 42.79 crore it incurred losses to the tune of Rs 791.03 crore. Oct 30, 2018
Jet Airways

Will Delta Air Lines come to Jet Airways' rescue? May buy Goyal and Etihad's stake

Delta Air Lines has expressed an interest in buying stake in Jet Airways and has hinted about the same to Goyal. The Atlanta-based carrier is looking to buy not just Goyal's 51 percent stake in Jet, but is also eyeing the 24 percent stake, currently owned by Etihad Airlines. Oct 30, 2018
WhatsApp Business, logo,Google Play store, Android app

WhatsApp ties up with Indian industry association to train small & medium business entrepreneurs

With the new WhatsApp-CII programme, the company will try to improve the communication skill set of young entrepreneurs to connect with their customers and grow their businesses. Oct 30, 2018
flipkart

Fight to dominate e-commerce in India: Flipkart burns Rs 2,000 crore to compete with Amazon

In the financial year 2016, Flipkart had faced a huge cash crunch which helped Amazon to make inroads in the Indian e-commerce market. Oct 29, 2018
Samsung's mobile manufacturing plant in Noida.

Here's how much Indians spend on Chinese smartphones; the numbers will shock you

Chinese companies have managed to create millions of jobs in India, thanks to their local manufacturing promises made towards Make in India. Oct 29, 2018
An aircraft of India's Jet Airways lands

Beleaguered carrier Jet Airways' Naresh Goyal turns to Mukesh Ambani and Ratan Tata for help

Not just Ambani, Goyal, who owns a 51 percent controlling stake in Jet, is also known to have discussed the offer with Ratan Tata. The Tata Group has reportedly shown an interest in bailing out Jet Airways, but it depends on Goyal and his willingness in giving up his controlling stake. Oct 29, 2018
infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys, Wipro, TCS and HCL hired over 32,000 employees in Q2, IT slump nearing an end?

While TCS, which is the largest company in India in terms of market capitalisation, added 10,227 workers in Q2, Infosys hired 7,834 workers in this period. Wipro saw the highest hiring in Q2 at 10,687 employees, while HCL is said to have hired 3,754 employees. Oct 27, 2018
vijay mallya

Trouble mounts for Vijay Mallya: IT dept warns against buying company shares in e-auction

Over 41 lakh equity shares of United Racing and Bloodstock Breeders Ltd (URBBL) were put up for sale through e-auction by Debt Recovery Tribunal-II on September 29. The auction is set to take place on October 30. Oct 26, 2018
rupee

Bengaluru: ED raids Amnesty International office for alleged violation of FDI guidelines

In a statement later, the economic intelligence agency said Amnesty had received Rs 36-crore foreign funds till date from overseas in violation of the Foreign Direct Investment (FDI) guidelines. Oct 26, 2018
bank

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

These fake Android apps have the logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps. Oct 25, 2018
An Adidas sign

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, wipro unveils new logo, wipro ceo abidali neemuchwala, wipro chairman azim premji

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
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