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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
hcl tech share price, hcl tech share buyback, infosys buyback, indian it companies, sensex gainers, sensex losers

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
IndiGo

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
Jet Airways

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
Reliance Jio

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
jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

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
IB Times

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
RIL Chairman and MD Mukesh Ambani

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
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