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Nitin Seth new chief people officer at Flipkart

Former COO Nitin Seth sends Flipkart legal notice over the way he was fired

Ex-COO Nitin Seth believes that he was illegally ousted and hence has decided to take legal action against e-commerce giant Flipkart Jul 13, 2017
wipro, wipro lighting, wipro mysuru unit shuts down

Wipro closes down Mysuru manufacturing unit: Report

Lack of demand for CFL products and preference for LED equipment forced Wipro to shut down the Mysuru unit and give VRS to 84 workers. Jul 12, 2017
Tata Steel

Tata Steel sells two UK pipe mills to Liberty House Group

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year. Jul 11, 2017
aviation stocks, domestic air traffic, jet airways share price, spicejet share price, indigo airline, indian civil aviation market, fii data, indian stock markets

Air India sale: India is a target for foreign airlines, PE investors, says report

Fast-growing domestic air traffic business makes India an attractive destination. Jul 11, 2017
q3fy2017 preview, q3 it results, infosys q3, tech mahindra q3, wipro q3, tcs q3, bse sensex

IT layoffs: Hyderabad High Court issues notice to Tech Mahindra for illegal job cuts

Hyderabad High Court's Justice M S Ramachandra Rao issued notices to Tech Mahindra and the state of Telangana for unlawful job cuts, and they will have three weeks to respond. Jul 11, 2017
Flipkart

Flipkart to make another buyout offer this week after Snapdeal rejected its $800 million bid

Flipkart's new offer is expected to be closer to its initial bid of $1 billion and if it goes through, the deal with Snapdeal would take about a month to be completed. Jul 11, 2017
India 4G availabilty

Bharti Airtel to invest upto Rs 2,000 crore to improve services

New innovations under 'Project Next' will deliver a seamless real-time digital experience with new version of MyAirtel App. Jul 10, 2017
CP Gurnani

Wondering how much Tech Mahindra CEO Gurnani earns? It's more than the boards of Infosys, TCS and Wipro

India's fifth largest IT services provider Tech Mahindra MD and CEO CP Gurnani earned Rs 150.7 crore, including the value of stock option that was granted to him, in FY2017. Jul 10, 2017

Israel's Check Point Software to ramp up India operations

Israel's biggest tech company is looking to push value additions to its worldwide security products and services clients. Jul 10, 2017
Biocon quarterly result

French regulator ANSM finds lapses at Biocon plant, stock falls 9%

Until the drug product facility gets clearance on a follow-up review, Biocon will not get marketing approval for its biosimilars. Jul 10, 2017
Paytm

Paytm Mall to hire 2,000 employees in 2017 in a bid to up its e-commerce game

Apart from its plans to hire 2,000 workers, Paytm Mall has also moved about 800 employees from its digital payments platform Paytm. Jul 10, 2017
air india, air india flights to tel aviv, india israel relations, air india flights to israel, indian tourists to israel, indian civil aviation news

Good in parts: Break-up of Air India an option as Modi pushes speedy sale

Modi's office has set a deadline of early next year to get the sale process for Air India underway Jul 9, 2017
Cairn India

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares. Jul 9, 2017
Modi

Hand 'em over: Narendra Modi meets Theresa May, urges extradition of Vijay Mallya-like runaways

Liquor baron Vijay Mallya is sought by India after his doomed airline Kingfisher defaulted on several bank loans amounting to nearly Rs 9,000 crore. Jul 8, 2017
Tata Nano

Bad carma: Tata Motors to drive Nano out of domestic market

In future, the Tata Nano will be targeted at specific export markets depending on demand, company says. Jul 8, 2017
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