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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
snapdeal, snapdeal layoff, snapdeal retrenchment, snapdeal cofounders, crisis at snapdeal, snapdeal news, kunal bahl, rohit bansal

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
Flipkart

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
Indian IT sector

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
Bombay Stock Exchange (BSE)

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
snapdeal, snapdeal cofounders, snapdeal sale, snapdeal merger with flipkart, snapdeal binny bansal, snapdeal kunal bahl, softbank, snapdeal investors

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
tata group bombay house ratan tata cyrus mistry removal tata sons companies market cap going by tcs tata motors steel voltas london europe speculation successor

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
jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

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
Sachin Bansal

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
cars, car sales, domestic car sales, gst on cars, auto industry, traffic

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
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra sbi state bank of indi atm

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
Infosys

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
Tata Sons

Turning around Tata Motors domestic business need of the hour: N Chandrasekaran

Guenter Butschek said: "Our immediate priority now is on execution -- to address the top concerns of supply constraints, advance the launch time of some of our new products." Jul 30, 2017
infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys to put Europe to work, hire locals in next investment push

The European business expanded 4.7 per cent during the June quarter as Infosys witnessed broadbased growth across sectors. Jul 30, 2017
ITC

Bring on the pomegranate: ITC to foray into fruits, vegetables and perishables market

The fruits and vegetable under the new brand will also be sold online, first via sellers like BigBasket, and later on other platforms. Jul 30, 2017
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