Companies

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NPA 'irregularities': ICICI Bank launches second inquiry

The allegations are related to cases where the bank have inflated profits by at least $1.3 billion over eight years by delaying provisioning for 31 non-performing assets (NPA) accounts.

Jul 16, 2018

A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York

Johnson & Johnson asked to cough up $4.7 billion in ovarian cancer lawsuit

22 women had alleged the asbestos in Johnson & Johnson's talc-based products lead to ovarian cancer. Over 9,000 cases have been filed against the company in connection to ovarian cancer, with the $4.7 billion fine being the highest the company has been asked to pay.

Jul 14, 2018

Infosys

Infosys net up 5.8% in first quarter, investors to be rewarded

Releasing its earnings for Q1 2018, the company reported Rs 3,613 crore consolidated net profit, growing 12 percent annually a year ago. The company has decided to celebrate its 25th year of public trading by issuing one bonus share for every equity share.

Jul 14, 2018

SpiceJet

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

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

Novartis

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

Indian Railway

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

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

Tesla Motors

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

Vedanta group Cairn India

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

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