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Companies

Amazon

Amazon India's sales volume soars 67 percent in September quarter

Amazon also claimed that it grew much faster than its biggest home-grown rival Flipkart in the April-September period. But what do Indians prefer Amazon or Flipkart? Dec 11, 2017
Air India flight

Foreign airlines must be allowed to bid for Air India: IATA chief executive

Alexandre de Juniac says that the government can keep a part stake initially but should eventually exit Air India. Dec 11, 2017
Condé Nast

Are layoffs in vogue? Condé Nast trims number of magazines' issues; likely to cut jobs as cost-cutting measure

Condé Nast is said to be planning to merge the fashion-market editors of its magazines Vanity Fair, Glamour, and W under a single department, which means the brand will cut quite a few jobs. Dec 9, 2017
Unitech Managing Director Sanjay Chandra

New management to be appointed for Unitech, NCLT accepts govt plea

The National Company Law Tribunal (NCLT) had suspended all the eight directors of the realty firm. Dec 9, 2017
General Electric

After Siemens, GE to lay off 12,000 employees worldwide as part of firm's turn-around plans

The 12,000 jobs cuts are said to be a part of GE's efforts to turn the company around since Jeffery Immelt stepped down in August and the firm was taken over by CEO John Flannery. Dec 8, 2017
Samsung

Another IT boom in the offing? Samsung India to hire 1,000 engineering grads for new-age profiles

Besides offering placements to the IIT graduates, Samsung will also hire from other premier colleges like Delhi College of Engineering, BITS Pilani, Manipal Institute of Technology. Dec 8, 2017
Tata Steel

Tata Steel slapped with Rs 10 lakh fine from SEBI for delay in disclosures

The company made the disclosures two years after its stakes surged. Dec 8, 2017
Jobs and hiring

Placements 2017: Tech companies go on bulk hiring; non-engineering students too bag fat paycheques

A final year student of economics at Delhi's LSR College has bagged a salary offer of close to Rs 38 lakh per annum this year. Dec 7, 2017
Nandan Nilekani

Nandan Nilekani expects Infosys to post good result next year

"There's a large opportunity out there helping global clients re-imagine their business, its opportunity of a new kind," said Nileknai. Dec 7, 2017
Cognizant Chennai

Another 50 employees of Cognizant move labour court against forceful resignation

The employees of Cognizant were moved to another business service provider called Quess and given only a fixed term of four months which suggests that they might be jobless after the term is over. Dec 7, 2017
startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

Good news for job seekers as top Indian start-ups are going big on hiring

Companies such as Snapdeal, ShopClues and Flipkart are experiencing a boom in business and require more human capital in the near future, the report stated. Dec 6, 2017
Whisky

Indian whiskies to conquer the world? Pernod Ricard to hard sell Blenders Pride, Imperial Blue globally

The Indian whiskies could find consumers across the Americas, Southeast Asia, besides tapping the Middle East and African markets. Dec 6, 2017
Uber

Uber hack: Firm sued in the US for data breach cover-up; lawsuit seeks $2,500 for each violation

The lawsuit against Uber has been filed by Mike Feuer in Los Angeles County Superior Court and focuses on the 600,000 drivers, whose names and license details were stolen. Dec 6, 2017
Paytm Payments Bank, launch, offers,cash back

Paytm launches its ATM outlets, all you need to know

In the first phase, the firm has started with 3,000 ATM points in cities like Delhi-NCR, Lucknow, Kanpur, Allahabad, Varanasi and Aligarh. Dec 5, 2017
Gucci

Italian luxury brand Gucci on the tax radar, confirms its Milan and Florence offices were searched

Italian luxury brand Gucci confirmed that its offices in Milan and Florence were searched by tax officials and said that they were cooperating with them. Dec 5, 2017
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