Companies

SpiceJet to diversify activities beyond aviation; targets cargo and digital space

SpiceJet Managing Director Ajay Singh said that the company is targeting to enter the cargo, courier and logistics business believing that it would play a crucial role in the next few years.

Jul 13, 2018

Accenture acquires AI data analytics firm Kogentix

The purchase will strengthen Accenture Applied Intelligence's growing data engineering business as AI and big data becomes more and more critical to Accenture's business.

Jul 13, 2018

Drug regulator cancels licence of Novartis' painkiller diclofenac over safety concerns

The watchdog directed Dehradun, Uttarakhand and Daman and Diu's drug license authority to cancel the license of Themis Medicare.

Jul 13, 2018

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Eyeing international operations, Vistara purchases jets worth $1.3 billion

The Tata-Singapore Airlines company has purchased 13 Airbus and six Boeing flights as it eyes domestic expansion, international routes.

Jul 12, 2018

Railways to export six DMU train sets to Sri Lanka

India to manufacture trainsets at its Integral Coach Factory in Chennai in the deal worth Rs. 600 crore. The first train to hit Lankan rails in September, all six to run from next year.

Jul 11, 2018

Pfizer puts drug price hikes on hold after Trump warning

The pharmaceutical company was due to increase the price of several products but has deferred the plan to 2019 after Donald Trump threatened them with unspecified measures.

Jul 11, 2018

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DoT clears deck for Idea-Vodafone merger but with conditions

The merged entity will be the largest telecom company in India, dethroning Airtel after a period of 15 years

Jul 10, 2018

Elon Musk's Tesla moves first to hike prices in China as trade war hits car makers

Tesla has hiked prices on its Model X and S cars by about 20 percent in China in response to a US-China trade war.

Jul 10, 2018

IT department sells $216 million of Vedanta shares

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues.

Jul 10, 2018

E-commerce players all set to lock horns to dominate entertainment content in India

The industry experts argue that the investment in the content generation segment of the e-commerce is being done to take on Amazon India, which is aggressively strengthening its entertainment content with Prime Video.

Jul 9, 2018

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ThyssenKrupp CEO Heinrich Hiesinger steps down amid criticism of Tata deal

The ouster of ThyssenKrupp CEO was the fourth by a German established company's CEO in as many months, after the chiefs of Deutsche Bank, Volkswagen and Beiersdorf resigned from their position.

Jul 7, 2018

Samsung posts over 5% operating profit in Q2 2018

Operating profit came down to 14.8 trillion won (South Korean currency), sales came to 58 trillion won, down 4.92 percent. The company hopes to improve next quarter with the launch of the Note 9, better demand for chips and display.

Jul 6, 2018

Uncertainty lies ahead in Nano's journey; only 1 unit manufactured in June

The Nano car was an ambitious project of Ratan Tata who had an objective of providing a safer and affordable alternative to small families commuting on two wheelers.

Jul 5, 2018

Facebook says Saavn, Airtel had access to user data even after 2015

In a written submission to US Congress, Facebook said that these firms were allowed access to data following its partnerships with app developers and software makers.

Jul 4, 2018

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

PNB is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Jul 4, 2018

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Companies

SpiceJet to diversify activities beyond aviation; targets cargo and digital space

Accenture acquires AI data analytics firm Kogentix

Drug regulator cancels licence of Novartis' painkiller diclofenac over safety concerns

Eyeing international operations, Vistara purchases jets worth $1.3 billion

Railways to export six DMU train sets to Sri Lanka

Pfizer puts drug price hikes on hold after Trump warning

DoT clears deck for Idea-Vodafone merger but with conditions

Elon Musk's Tesla moves first to hike prices in China as trade war hits car makers

IT department sells $216 million of Vedanta shares

E-commerce players all set to lock horns to dominate entertainment content in India

ThyssenKrupp CEO Heinrich Hiesinger steps down amid criticism of Tata deal

Samsung posts over 5% operating profit in Q2 2018

Uncertainty lies ahead in Nano's journey; only 1 unit manufactured in June

Facebook says Saavn, Airtel had access to user data even after 2015

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

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]