Companies

Walmart tops Fortune Global 500 list: Which are world's 100 largest companies?

Walmart has been ranked No. 1 on the Fortune Global 500 list for 2017, which is dominated by the US, followed by China and Japan.

Jul 21, 2017

Take 30% pay cut or leave: Jet Airways' junior pilots do not have much choice

In a bid to trim cost, Jet Airways is said to have made a few changes to the pilots' contracts and it will now be mandatory for them to take 10 days of leave in a month apart from their weekly offs.

Jul 21, 2017

Flare deal: ONGC's new test of resilience

The deal pushes great downstream growth for ONGC, but will need vision and a free hand to accomplish its ends.

Jul 20, 2017

Wipro Q1 net profit dips 8 per cent quarterly to Rs 2,082 crore, flat yearly

IT services business profits decline 5.8 per cent year-on-year to Rs 2,190 crore, company announces share buyback.

Jul 20, 2017

Reliance Jio to raise Rs 20,000 crore through rights issue

Company will sell optionally convertible preference shares through rights issue to existing shareholders to raise the funds.

Jul 20, 2017

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Fate of ABG Shipyard, Amtek Auto likely to be decided by Tribunal today: Report

ABG Shipyard owes about Rs 17,000 crore while Amtek Auto's debt is an estimated Rs 14,000 crore.

Jul 20, 2017

Big Bazaar headhunts 10th and 12th passouts for its stores

The pay packages can range between Rs 21,570 to Rs 48,550 per month.

Jul 20, 2017

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ONGC chairman says HPCL will continue to remain listed after acquisition

On Wednesday, the Centre gave in-principle approval for the buyout of HPCL by ONGC, triggering scope for similar M&As in the oil and gas sector.

Jul 20, 2017

Thought only Infosys had crorepati executives? You haven't seen TCS' list yet

TCS paid salaries amounting up to Rs 1 crore to its employees in India in FY2017, and the amount is much higher than what its competitors Infosys and Wipro shelled out to its employees.

Jul 20, 2017

Accenture spending $900 million to re-skill and train its workforce

Accenture is spending $900 million on training and re-skilling its employees, through which it aims to be in sync with newer technologies which in turn will help it land newer businesses.

Jul 19, 2017

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Fortis promoter sells 13.5 million shares, Japanese bank buys stake in Reliance Capital

The two companies, Fortis Healthcare and Anil Ambani's Reliance Capital, have been hogging the limelight for various reasons.

Jul 19, 2017

IT layoffs: Are techies really depressed over fear of losing jobs?

Speaking about the reports of how techies have been turning to online counselling and calling help lines, Mohandas Pai said that some people are anxious but the depression is "exaggerated."

Jul 19, 2017

L&T Infotech focuses on hiring in India even as IT firms ramp up US recruitment

Larsen and Toubro Infotech has said that the firm's focus remains on India and that is where most of the hiring activity is going to take place, even as many IT firms are hiring in the US.

Jul 19, 2017

Air India narrows losses for FY17, operating profit skyrockets

For the financial year 2016-17, national carrier reported net loss of Rs 3,643 crore from Rs 3,836 crore in the preceding fiscal.

Jul 19, 2017

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Air India chief Ashwani Lohani says stake sale 'a win-win' for employees amid reports of staff buyout

Apart from outlining the benefits of Air India's disinvestment from the business point of view, Lohani also said that the employees would enjoy working under a corporate structure.

Jul 19, 2017