Companies

Telecom sector is the new IT industry? 100,000 jobs may face the axe

As per estimates, about 25,000 telecom employees have been affected by the slowdown in the past few months and thousands of others may soon be shown the doors.

Oct 6, 2017

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RCom in tight spot as tower operators cut services citing pending dues

Reliance Communications owes GTL and its unit CNIL about Rs 95 crore and Rs 20 crore to Rs 25 crore each to ATC and Bharti Infratel.

Oct 6, 2017

SBI to prepare 3-year roadmap to address NPA; reviving credit growth top priority: Rajnish Kumar

SBI will soon prepare a roadmap for the next three years to tackle issues like asset quality, credit growth, digitisation and human resources management.

Oct 6, 2017

Wipro acquires US design consultancy firm Cooper for Rs 56 crore

This acquisition is in line with the company's strategy, as Cooper will be integrated with Wipro's digital arm -- Designit.

Oct 5, 2017

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Shelled and shelved: More than 4.5 lakh directors may face disqualification

As the government is now putting in more effort to crackdown on shell companies, the profile of all disqualified directors will be thoroughly examined.

Oct 5, 2017

Vijay Mallya laundered Rs 500 crore of Rs 900 crore IDBI loan, bought home in London with borrowed money

Mallya diverted the loan money to at least seven countries, including the US, the UK, France, Switzerland and Ireland. Read to know how the details came out.

Oct 5, 2017

Future Group to acquire Hypercity for Rs 700 crore

Kishore Biyani-led Future Retail has already acquired four major retail brands; Hypercity will become the fifth on Biyani's kitty.

Oct 5, 2017

Former Equifax chief apologises to Congress over hack

The former head of Equifax apologised repeatedly on 3 October at a congressional hearing for the theft of millions of people and amp;#39;s personal data in a hacking breach. Equifax said an independent review had increased the estimate of potentially affected U.S. consumers by 2.5 million to 145.5 million.

Oct 4, 2017

Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

The Banks Board Bureau had interviewed four SBI managing directors -- Rajnish Kumar, P K Gupta, B Sriram and Dinesh Kumar Khar -- for the top position.

Oct 4, 2017

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Health of India's corporate finances improves despite economic slowdown

ICRA's data showed a turnaround of sorts in corporate finances during the first half of the current fiscal year. Another rating agency Crisil also suggested a massive improvement.

Oct 4, 2017

Amazon set to double Prime membership fee in India

Prime membership is available for only a few more days at the special introductory price of Rs 499 a year.

Oct 4, 2017

Indian govt to raise about Rs 11,370 crore from GIC Re's IPO

The company has set a price range of Rs 855-Rs 912 per share for its IPO that will run from October.

Oct 4, 2017

Over 6,000 Indian companies' data leaked online, put up for sale for 15 Bitcoins

Security experts have reached out to government authorities and Asia Pacific Network Information Centre (APNIC), and asked them to alert the affected firms and suggest them to change passwords.

Oct 4, 2017

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Ola secures $2 billion from SoftBank and other investors

The funding round is yet to be completed. Also there are chances for the amount to change.

Oct 3, 2017

Goldman Sachs now hiring engineers to transform service strategy

Analytics and data science jobs in India have increased more than 100 percent in the past one year, with close to 50,000 positions related to analytics currently available to be filled.

Oct 3, 2017