Companies

75,000 mass layoffs in India's telecom sector in one year, more exits in future

Now, only 75 percent of the workforce remains in the telecom sector from a year ago and more exits are also expected to take place in the future.

Nov 15, 2017

Chief Executive Officer and Co-Founder Sujayath Ali at Voonik

200 employees at Voonik may not get salary for 3 months: Report

The workers who are expected to be affected are largely from the product development and customer support team.

Nov 14, 2017

Infosys seeks to tie up with AI and data analytics companies

Infosys plans to tie-up with firms which offer data analytics or artificial intelligence (AI) platforms to get more business from its existing customers.

Nov 14, 2017

Alibaba seeks CCI approval as it eyes stake in Big Basket

While the details of Alibaba's offer, such as value and quantum of investment, are not yet known, CCI in a note confirmed that the firm had expressed an interest Big Basket.

Nov 14, 2017

As responsibilities expand, are chief marketing officers making way for chief growth officers?

The designation of chief marketing officer not only comes with a new name of chief growth officer, but also the responsibly of advertisement, promotion, strategy, growth, and customer satisfaction.

Nov 13, 2017

colgate palmolive, fmcg companies in india, hul, dabur, retail stores, grocery stores, toothpaste, patanjali

FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Firms like Hindustan Unilever, Dabur, Amul, GlaxoSmithKline (GSK), Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to cut down prices or are planning to do so.

Nov 13, 2017

Should Infosys prepare for some court dates? CAIT threatens legal action over glitches in GST network

The Confederation of All India Traders has said that the GST network issues are serious and they will have to take "shelter of the court of law" if no action is taken against Infosys.

Nov 13, 2017

Idea-Vodafone to sell tower business to ATC for Rs 7,850 crore

The telcos had announced their merger in March and post-merger, it will be the largest mobile operator in the country in terms of user base.

Nov 13, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

After launching inbox, Paytm gears up to buy daily deal sites Nearbuy and Little

Digital payments platform Paytm is gearing up to purchase Nearbuy and Little in a deal pegged at $30 million.

Nov 13, 2017

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

The disinvestment-bound national airline is facing some serious headwinds with only IndiGo showing interest in buying the international business of the carrier that has a huge debt in its book and also roadblocks in selling non-core assets.

Nov 12, 2017

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Cognizant is said to have told its senior managers and associate directors, who received a rating of EA during the appraisals, to take home cash instead of the stocks they are usually offered.

Nov 11, 2017

Who is Debjani Ghosh, the new president of Nasscom?

Ghosh was with Intel since 1996 for 21 years and quit the firm in February 2017. She has been with Nasscom as a member of its Executive Council and a trustee of Nasscom Foundation.

Nov 11, 2017

SBI Q2 net profit drops 37% to Rs 1,581.5 crore due to higher provisions

The bank's asset quality improved on sequential basis post decline in fresh slippages in the second quarter. Gross non-performing assets (NPAs) were narrowed at 9.83 percent in Q2 against 9.97 percent in Q1.

Nov 10, 2017

Docomo and Dentsu's subsidiary D2C invests in Gushcloud; sets up office in Japan

Gushcloud represents over 12,000 social media influencers and online content creators, reaching out to more than 600 million fans across eight countries.

Nov 10, 2017

This is how you can fly all you want on a private jet

Surf Air is a new subscription-based commuter airline that offers unlimited flight service for a fixed monthly fee. Members can book a ticket via an app and arrive at a private terminal just 15 minutes before take off. The airline connects passengers across California and recently launched its network in Europe.

Nov 10, 2017

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Companies

75,000 mass layoffs in India's telecom sector in one year, more exits in future

200 employees at Voonik may not get salary for 3 months: Report

Infosys seeks to tie up with AI and data analytics companies

Alibaba seeks CCI approval as it eyes stake in Big Basket

As responsibilities expand, are chief marketing officers making way for chief growth officers?

FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Should Infosys prepare for some court dates? CAIT threatens legal action over glitches in GST network

Idea-Vodafone to sell tower business to ATC for Rs 7,850 crore

After launching inbox, Paytm gears up to buy daily deal sites Nearbuy and Little

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Who is Debjani Ghosh, the new president of Nasscom?

SBI Q2 net profit drops 37% to Rs 1,581.5 crore due to higher provisions

Docomo and Dentsu's subsidiary D2C invests in Gushcloud; sets up office in Japan

This is how you can fly all you want on a private jet

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]