Companies

SBI net profit slips 69% to Rs 576 crore in Q2

The State Bank of India's total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period.

Nov 5, 2018

In a major push to offline retail, Amazon to buy 10% stake in Future retail

The deal is expected to get the board approval on 14th November post that it would be one of the aggressive measures taken by the e-commerce giant, Amazon to gain access to the growing retail business in India.

Nov 5, 2018

Axis Bank's Q2 standalone profit up 83% to Rs 790 crore

According to the firm, net profit during the quarter under review increased to Rs 789.61 crore from Rs 432.38 crore reported for the corresponding period of last fiscal.

Nov 4, 2018

Apple loses $1 trillion status after soft holiday forecast

The dip in Apple's shares to $208.50 knocked around $67 billion off its value, and put Amazon and Microsoft Corp back in the mix in the race among the United States' big tech players to be the world's most valuable company.

Nov 3, 2018

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

Amid cash crunch, Jet Airways permitting pilots to quit without notice period

In the last few months, about 50 pilots are said to have quit and most of them reportedly left just 48 hours after resigning, when the usual notice period is of six months. In addition, most of these pilots were of Jet's ATR planes, three of which have already been grounded.

Nov 2, 2018

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

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 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

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

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Companies

SBI net profit slips 69% to Rs 576 crore in Q2

In a major push to offline retail, Amazon to buy 10% stake in Future retail

Axis Bank's Q2 standalone profit up 83% to Rs 790 crore

Apple loses $1 trillion status after soft holiday forecast

Amid cash crunch, Jet Airways permitting pilots to quit without notice period

TCS acquires London-based W12 Studios

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

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

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

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

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

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

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

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

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

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]