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Mahindra and Mahindra

Mahindra and Mahindra to hire 600-700 people this year with plans to focus on electric vehicle solutions

Mahindra and Mahindra is set to hire 300 class of 2018 graduates from various business and engineering colleges, a majority of whom will work on designs and new technologies. Oct 10, 2017
One97 communications, paytm, paytm to invest rs 12,000 crore, Softbank to invest in paytm, paytm digial wallet company, fintech companies in india, paytm investors

Paytm Mall net loss stands at Rs 13.63 crore for 2016-17

The Alibaba-backed company, which runs the online retail platform Paytm Mall, clocked Rs 7.3 crore in revenues with a loss of Rs 13.6 crore between August 2016 and March 2017. Oct 10, 2017
Sahara group

SEBI files contempt petition in SC against Sahara and Subrata Roy for disrupting Aamby Valley auction process

The Apex Court of India has ordered to put Sahara Group's Rs 37,000-crore luxury township Aamby Valley up for auction, calling it "an abuser of process of law." Oct 10, 2017
Air India

Tata Group eyes buying debt-ridden Air India

Chandrasekaran said the company needs more details from the government on the process in order to finalise its position on the deal. Oct 9, 2017
Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

I regret not seeing end of NPA story: Former SBI chief Arundhati Bhattacharya

Bhattacharya haven't zeroed in on what she will consider post retirement, but she said wanted to pursue a PhD. Oct 9, 2017
Tata Motors

Tata Teleservices to shut shop; what will happen to its 5,000 employees?

The company is apparently working on an exit plan for its employees and they may get three to six months notice period. Oct 9, 2017
Aadani protest

STOP ADANI: Protests held across Australia to stop Carmichael coal mine project

Protestors at large are forming human signs that said "STOP ADANI" at various prominent locations across the country, and numbers of protestors are growing with each passing day. Oct 8, 2017
Elon Musk wants to save Puerto Rico with solar power

Elon Musk wants to save Puerto Rico with solar power

Much of Puerto Rico is still without power after The island was devastated by Hurricane Maria in September. But Tesla CEO Elon Musk says he can rebuild Puerto Ricos power grid with solar power. Oct 7, 2017
Bharti airtel

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
reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

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
Rajnish Kumar

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, wipro unveils new logo, wipro ceo abidali neemuchwala, wipro chairman azim premji

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
cbdt, finance ministry, north block, income tax, apa, agreements on taxation, india news

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

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
Supermarket

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
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