Companies

Air India Airbus A320 passenger aircraft.

Air India flights delayed as ground staff on strike in Mumbai over Diwali bonus

The transport workers of Air India began their protests on Wednesday night after their Diwali bonuses were not paid.

Nov 8, 2018

PNB fraud case: ED seizes Nirav Modi's assets worth Rs 56.2 crore in Dubai

Earlier in October, the ED had attached Nirav Modi's properties worth Rs 225 crore in Hong Kong.

Nov 7, 2018

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Ola changes gear, starts New Zealand operations after UK and Australia

The announcement was made by Ola on Tuesday where it would offer rides across three largest cities of New Zealand viz. Auckland, Wellington, and Christchurch.

Nov 6, 2018

Diwali dhamaka for Amazon and Flipkart as the companies report 300% hike in sales

The online orders during the sales period in October were so much both the e-comm players decided to extend the sale period for the first five days of November.

Nov 6, 2018

Microsoft doesn't use customers' data for profit: CEO Satya Nadella

LinkedIn, which Microsoft bought for $26 billion, has over 560 million users and Bing is the number 3 search engine globally.

Nov 6, 2018

Tough road ahead for TCS as it faces charges of racial discrimination in US

The Mumbai-based company would have to offer a good reason to the American jury for why the engineers employed at its US operations are 13 times as likely to be sacked if they're not South Asian.

Nov 5, 2018

Air India turnaround: Will debt SPV and fresh equity infusion save national carrier?

Is debt reduction alone a panacea for the ills of the airline? Higher fuel bills, bloated operational costs, rising staff costs and tightening competition all will make the ride choppier for the airline

Nov 5, 2018

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

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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