Companies

Indian telecom industry faces tougher competition ahead, profits to plunge

Indian telecom companies' revenue may plunge on stiff competition, according to a S&P Global Research Report

Aug 2, 2017

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NDTV gets partial relief in income tax case; June quarter performance worsens

The news channel is embroiled in many cases, including ICICI Bank loan repayment and now income tax; its income has taken over the past few quarters.

Aug 2, 2017

Snapped deal: Softbank to spend $2 billion on taking stake in Flipkart

Softbank plans to invest $2 billion in Flipkart despite a failed merger deal with Snapdeal. The fiasco, however, dashed Softbank's hoped to hold a major stake at Indian e-commerce giant Flipkart.

Aug 1, 2017

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Hero Motocorp. Honda, Suzuki, Eicher Motors post upbeat volume sales for July

Most of the two-wheeler companies saw domestic sales rising sharply in July, the first month of GST implementation.

Aug 1, 2017

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Snapdeal Saga: 1,000 employees to get pink slips after Flipkart merger called off

A senior official of the company said that the management has given verbal instructions to their department heads to prepare the list.

Aug 1, 2017

Here's some consolation for Flipkart as it completes merger with eBay India

The Flipkart-eBay deal was announced in April when the former had raised about Rs 8,970 crore ($1.4 billion) from Microsoft, Tencent and eBay, which then sold its India biz to Flipkart.

Aug 1, 2017

TCS, Infosys and Tech Mahindra's workforce dwindles in Q1 FY18; bleak days far from over?

Tata Consultancy Services, Infosys, Wipro, HCL Technologies and Tech Mahindra – which totally had 9,84,913 employees at the end of the quarter ended June 30 saw the number decline by 1,821 people,

Aug 1, 2017

Max calls off merger with HDFC Standard Life Insurance

The confirmation comes days after the insurer's parent HDFC said it will offload 9.5 percent through an initial public offering.

Jul 31, 2017

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Snapdeal 2.0: Here's how the stripped-down version aims to turn profitable

Snapdeal now plans to go ahead with its 'Plan B' and pivot its company into a Taobao kind of an open marketplace set-up, Business Standard reported.

Jul 31, 2017

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Unity move: Tata Group to consolidate defence, financial, infra arms

Tata's defence businesses clocked in a revenue of Rs 2,650 crore in fiscal 2016, an increase of 7.5 percent from the year earlier.

Jul 31, 2017

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Are you an expat pilot with Jet Airways? You won't be for long

Jet Airways is said to be phasing out expatriate pilots from its flights after an expat pilot was accused of hurling racial abuses and assaulting a woman on a Chandigarh-Mumbai flight in April.

Jul 31, 2017

Will Flipkart's new brand 'Billion' shake up e-commerce biz in India?

The central idea behind the brand is to offer products designed specifically for Indian shoppers, who Bansal thinks aren't served satisfactorily by most of the existing brands across product categories.

Jul 31, 2017

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Maruti Suzuki likely to post upbeat July car sales, says Nirmal Bang

Maruti Suzuki, Tata Motors, Ashok Leyland and Hero Motocorp are likely to report mixed growth rates or drop in volume sales for July, the first month of GST implementation.

Jul 31, 2017

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State Bank of India shares spurt after lender cuts interest rate on savings deposits

The country's largest lender State Bank of India slashed interest rate on savings bank deposits to 3.5 percent from 4 percent, resulting in share prices rising sharply.

Jul 31, 2017

EdgeVerve head Anirban Dey quits; Infosys in need of a retention plan stat!

Anirban Dey, the global head and chief business officer of Edge products at EdgeVerve, Infosys Ltd's products and platforms unit, has resigned and is currently serving notice period.

Jul 31, 2017