Companies

Using labour arbitrage to bring in Indian workers a mistake: Cisco chief

Chambers was in India to announce the creation of the US-India Strategic Partnership Forum (USISPF) which he says will take the relationship between the two countries, companies and people to the next level.

Aug 3, 2017

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Pharmed for growth: Diabetics, cardiac patients are new rural drug markets

Global pharma companies want to cash in on the rising cases of diabetes and heart diseases in the country's distant corner.

Aug 3, 2017

Essar Steel to face insolvency proceedings, finally

The Ahmedabad bench of the National Company Law Tribunal (NCLT) accepts insolvency proceedings initiated by State Bank of India and Standard Chartered Bank.

Aug 2, 2017

Tim Cook plans to turn India into next China for Apple

Apple has been engaged with the Narendra Modi government to receive sops for setting up full-fledged manufacturing units and not just iPhone assembly for over a year now.

Aug 2, 2017

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