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Companies

Apple

Apple CEO Tim Cook calls $1 trillion market capitalisation a 'significant milestone'

With a closing price of $207.39 on Thursday, Apple became the first publicly listed U.S. company to ever reach $1 trillion in market capitalisation. Aug 3, 2018
Tech CEOs Voice Opposition

Apple becomes world's first trillion dollar company? Well, it's not true!

The news articles across the globe which claimed that the company has crossed the $1 trillion mark in market cap turned out to be wrong because of a technical fault with the app built into the iPhone Aug 3, 2018
Nissan Logo

Nissan, Tamil Nadu close to settling incentives feud in a major win for PM Modi

The automaker is expected to settle for Rs. 20 billion as opposed to the Rs. 49 billion it was seeking in unpaid incentive dues from the Tamil Nadu government. Aug 2, 2018
startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

Freshworks becomes latest entrant in Indian unicorn club

The company has plans to go for a public listing and before that, it is expecting another round of private funding from Alphabet's CapitalG which also participated in the current round of funding. Aug 1, 2018
flipkart

Flipkart's loyalty programme to launch on Independence Day; here's all you need to know

Flipkart Plus will launch on August 15, and unlike Amazon Prime, it will not be a subscription-based service. It will be tied to a shopper's frequency on the platform. The company is also adding third parties to the service. Aug 1, 2018
paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm Payments Bank suspends customer registration after RBI order

The RBI has found several issues with Paytm Payments Bank and asked the company to stop onboarding new customers. It also wants the company to change its Chief Executive and office location. Aug 1, 2018
An aircraft of India's Jet Airways lands

Jet Airways pay cut: 'Joy of flying' turns sour as staffers' salary to take a 25% dip

Jet Airways hasn't specified a timeline for these pay cuts and were informed that even the senior management had seen a dip in their salaries. Jet also refused to divulge if the company would refund the deductions later on. Aug 1, 2018
Tata Motors logos are seen at their flagship showroom

Tata Motors posts first loss in three years amid weak JLR sales

Profitability was hit due to lower operating leverage, higher discounts in the US, UK and China, foreign currency fluctuations, and higher depreciation and amortisation costs Aug 1, 2018
Swiggy

Swiggy's new loyalty programme to offer free deliveries

The food ordering app has launched a new subscription service, available in one-month and three-month durations, that will offer several benefits such as free delivery and discounts on orders. Jul 31, 2018
Jaypee Infratech

Ray of hope for home buyers as NBCC may take up stalled projects of Jaypee, Amrapali

However, the ownership of the company would remain with the current promoters, or with the Insolvency Resolution Professional (IRP) whichever the case may be. Jul 30, 2018
Force India F1

Vijay Mallya faces final extradition hearing after losing Force India F1 team: Here's all he has lost so far

Vijay Mallya has lost control over Force India F1 team. What other assets has he lost so far? India loves to treat each story with a view to finding a moral in it. And Mallya's story has many spectacular morals. The plainest of them all is that if you do wrong you will suffer. The middle India loves to latch on to that belief. Jul 30, 2018
Air India

Banks, lessors serve default notices to debt-ridden Air India

The country's national carrier has failed to generate enough profits to cover the interest it has to pay on its whopping Rs. 466.69 billion debt. Jul 30, 2018
ICICI Bank

Probe into Chanda Kochhar debacle widens as ICICI reviews past loans

ICICI Bank is reviewing all the loans from last five years and plans to revamp its processes and correct all the loopholes. Jul 30, 2018
Amazon logo

In a first, Amazon's international losses shrink since 2016

Amazon's international losses for the June quarter were $494 million, a fall of 31 percent as against $724 million in the same quarter of last year. Jul 28, 2018
hcl tech share price, hcl tech share buyback, infosys buyback, indian it companies, sensex gainers, sensex losers

HCL on the rise, takes over Wipro as third largest IT firm

HCL reported Rs 2,431 crore in net profit for Q1, and overtook Wipro in terms of dollar revenue, clocking $2.05 billion, as compared to Wipro's $2.02 billion. Jul 28, 2018
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