Companies

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

If the employee's salary is more than 11 per cent of the net profit of the company, the company's shareholders' approval is needed through a special resolution and not the government's.

Sep 14, 2018

Walmart, Flipkart employees to get option to switch places

The decision has come after the Bentonville based e-retailer, Walmart, took over 77 per cent stake in Flipkart at a whopping $16 billion.

Sep 13, 2018

An outsider to replace CEO Francisco D'Souza at Cognizant?

The software company has been doing tremendously well under the leadership of D'Souza which has outperformed its peers to report revenue of $14.81 billion in 2017 from just about $1.42 billion in 2006.

Sep 13, 2018

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Reports say that Tata and Wipro are expected to grow swiftly this fiscal year. Tata is predicted to cross 10 per cent growth while Wipro is looking to cross one per cent growth.

Sep 12, 2018

Samsung to open world's largest mobile experience centre in Bengaluru

Also, this would be the biggest-ever display of Samsung accessories such as cases, covers and power banks at the "Samsung Opera House" wherein prospective buyers would be offered customization options for accessories.

Sep 11, 2018

Rupee depreciation may benefit the IT companies

The Indian IT companies are expected to witness an improvement in margins by as much as 100 basis points in their second quarter on the current fiscal year.

Sep 11, 2018

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

The employees of the debt-ridden airline have not been paid their salaries for the month of July and August.

Sep 11, 2018

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

The national carrier has witnessed a muted response from the potential investors in the recent privatisation attempt.

Sep 10, 2018

Infosys faces lawsuit in US for not paying overtime

In a filing to the court, the complainant said that he was forced to work for 11 hour days at times and was paid for only 8 hours or fewer as CVS 'refused to be billed for overtime wages.

Sep 10, 2018

budget 2017, income tax, tax planning, tax calculation, exemption, section 80c, personal finance

Crackdown on shell companies: Government plans to geo-tag firms

The government last year had come down on over two lakh firms for not filing annual returns and had ordered an investigation.

Sep 10, 2018

CEO Zhang to replace Jack Ma as chairman of Alibaba group

Zhang, who was earlier the CEO of Taobao, an online shopping portal owned by the Alibaba Group, was appointed the CEO of the Alibaba Group in 2015.

Sep 10, 2018

jack ma alibaba malaysia advisor adviser malaysia digital marketing e commerce india china hong kong

Jack Ma's retirement comment reportedly taken out of context; Alibaba founder to unveil succession plan

A New York Times article had said that Jack Ma would announce his retirement on Monday. However, a new report has said that he will remain onboard.

Sep 9, 2018

Walmart on Flipkart deal: Have complied with all tax obligations under IT rules

The Bentonville behemoth had bought 77 percent stake worth $16 billion in India's largest online retailer Flipkart.

Sep 8, 2018

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

Gopichand P. Hinduja said that the company is mulling the idea of shifting its London-based headquarters either to UAE or Singapore.

Sep 8, 2018

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

The 13 storied building, Radhika apartments in Prabhadevi in central Mumbai, was earlier the staff quarter for the ICICI bank. It has now come under lens after the allegations were made of possible quid pro quo.

Sep 8, 2018

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Companies

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

Walmart, Flipkart employees to get option to switch places

An outsider to replace CEO Francisco D'Souza at Cognizant?

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Samsung to open world's largest mobile experience centre in Bengaluru

Rupee depreciation may benefit the IT companies

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

Infosys faces lawsuit in US for not paying overtime

Crackdown on shell companies: Government plans to geo-tag firms

CEO Zhang to replace Jack Ma as chairman of Alibaba group

Jack Ma's retirement comment reportedly taken out of context; Alibaba founder to unveil succession plan

Walmart on Flipkart deal: Have complied with all tax obligations under IT rules

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

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]