Companies

Chanda Kochhar, MD and CEO ICICI Bank, receives Woodrow Wilson Award for Global Corporate Citizenship

The Woodrow Wilson Award was conferred on Kochhar for the work done by ICICI Group under Kochhar's able leadership in improving the lives of people in the local communities and the world at large.

May 12, 2017

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Kotak Mahindra Bank launches Rs 5,800 crore share sale

Kotak Mahindra, the fourth biggest Indian bank by market capitalisation, is selling new shares with a price range of Rs 930 to Rs 936 apiece.

May 12, 2017

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HCL Technologies says more than 50% of its employees in US are locals

HCL Technologies President and CEO C Vijayakumar says more than 50 percent of its 12,000 employees in US are locals, post declaration of Q4, FY17 results.

May 11, 2017

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Salary hike this year could disappoint IT company employees

In view of Infosys, TCS, Wipro, Tech Mahindra and others facing a challenging business environment, salary hike could dampen their employees' morale.

May 11, 2017

TCS rules out layoffs, brings relief to employees

Rajesh Gopinathan, MD and CEO of TCS, India's largest IT software services exporter, rules out layoffs or downsizing, talks of creating jobs.

May 11, 2017

Randstad India appoints Paul Dupuis as new CEO

Paul takes over from Dr. Moorthy K. Uppaluri, who served as the MD& CEO of Randstad India for four years.

May 11, 2017

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Tata companies showcase 3,300 implemented innovations at Innovista programme

A statement issued by the conglomerate says Tata companies more than doubled its implemented innovations in two years.

May 11, 2017

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Cognizant seeks 2 weeks from Telangana govt to explain charges of layoffs; CFO says H-1B visa holders do not offer benefit over American workers

Cognizant management holds talks with Telangana government over allegations of forced layoffs; its CFO Karen McLoughlin says in an earnings call that H-1 B visa holders do not offer price differential over American workers.

May 11, 2017

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State Bank of India to declare last pre-merger quarterly results on May 19; clarifies on ATM charges

Five associate banks — SBH, SBBJ, SBM, SBT and SBH — merged with State Bank of India effective from April 1, 2017; SBI issues clarification on ATM charges.

May 11, 2017

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Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

While Paytm is in the race to buy FreeCharge from Snapdeal, the e-commerce company (Snapdeal) is reportedly up for sale to bigger rival Flipkart.

May 11, 2017

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IT layoffs: After Cognizant and Infosys, Tech Mahindra likely to sack over 1,500 employees

Tech Mahindra may hand out pink slips to over 1,500 employees for poor performance but it is yet to be revealed whether the decision will affect workers across the board or only at certain levels.

May 11, 2017

Apple tops $800 billion market cap for first time

Apple Inc became the first US company to top the $800 billion mark in market capitalisation, and the iPhone maker's shares have gained 33 percent this year and almost 50 percent since the US election.

May 11, 2017

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

In a statement, Japanese conglomerate SoftBank said it has recognized Japanese yen 160,419 million (~$1.4 billion) as loss on accounts of its investments in Snapdeal and Ola.

May 10, 2017

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SoftBank logs second-best annual profit, keen to talk about a deal for Sprint

Japan's SoftBank Group Corp reported 13 percent rise in full-year operating profit, gaining from cost cuts and a rise in subscribers at its US wireless unit Sprint Corp..

May 10, 2017

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RBI initiates 'prompt corrective action' against IDBI Bank

The development follows April 13, 2017 revision of the prompt corrective action (PCA) guidelines by RBI.

May 10, 2017

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Companies

Chanda Kochhar, MD and CEO ICICI Bank, receives Woodrow Wilson Award for Global Corporate Citizenship

Kotak Mahindra Bank launches Rs 5,800 crore share sale

HCL Technologies says more than 50% of its employees in US are locals

Salary hike this year could disappoint IT company employees

TCS rules out layoffs, brings relief to employees

Randstad India appoints Paul Dupuis as new CEO

Tata companies showcase 3,300 implemented innovations at Innovista programme

Cognizant seeks 2 weeks from Telangana govt to explain charges of layoffs; CFO says H-1B visa holders do not offer benefit over American workers

State Bank of India to declare last pre-merger quarterly results on May 19; clarifies on ATM charges

Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

IT layoffs: After Cognizant and Infosys, Tech Mahindra likely to sack over 1,500 employees

Apple tops $800 billion market cap for first time

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

SoftBank logs second-best annual profit, keen to talk about a deal for Sprint

RBI initiates 'prompt corrective action' against IDBI Bank

Showcasing Calcutta on screen: From communism to tragic human condition

New York, London, Puri: Odisha's city provides safest tap water in India, like world's best cities [details]

US man wins $100,000 lottery jackpot twice using same numbers; two consecutive wins In two years