Companies

infosys, infosys chairman r seshasayee, infosys agm, seshasayee to quit

Infosys chairman Seshasayee to retire next year on turning 70

Says that for the rest of his tenure, he will focus on improving shareholder value and planning a smooth transition to his successor.

Jun 25, 2017

infosys, infosys agm, n r narayana murthy, infosys cofounders, infosys founders, t v mohandas pai, infosys vishal sikka

Infosys co-founders keep away from annual general meeting

India's second-largest IT services exporter Infosys held its 36th AGM in Bengaluru on Saturday.

Jun 24, 2017

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Tata Tele has reportedly approached a lender consortium led by SBI for restructuring outstanding debt of Rs 32,000 crore.

Jun 24, 2017

Govt red-flags $13-bn oil deal between Essar and Rosneft

Deal expected to result in substantial debt reduction for the Essar Group, and help the Kremlin-controlled giant increase oil refining output by 20 per cent.

Jun 24, 2017

fortis healthcare, fortis share price, fortis healthcare q4 results, fortis hospitals, fortis bulk deal

Fortis Healthcare shares crash despite company keeping options open on stake sale

Fortis Healthcare, whose business units comprise hospitals, diagnostics and day-care facilities, saw its share price plunge after Malaysia's IHH reportedly pulled out of talks to acquire a stake.

Jun 24, 2017

Infosys CEO Vishal Sikka gets clean chit from US law firm in Panaya deal

The details of the investigation carried out by law firm Gibson Dunn & Crutcher, LLP, and the findings were released on Friday, June 24. It said there was no evidence of any wrongdoing by Vishal Sikka.

Jun 24, 2017

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys to pay $1 million to settle visa violation case in New York

Infosys' $1 million settlement comes after a whistleblower claimed Infosys brought foreign IT workers to New York on a visitors visa and did not pay the applicable taxes.

Jun 24, 2017

Gear change: Face IT industry headwinds with the right skillsets

Tech services companies which invested in digital services are likely to be the only ones showing revival in growth rates in future.

Jun 23, 2017

azim premji, premjiinvest, premjiinvest snapdeal, snapdeal flipkart merger, snapdeal cofounders, special payment to snapdeal investors

Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Snapdeal co-founders Kunal Bahl and Rohit Bansal, and investors Kalaari Capital and Nexus Venture Partners will get a total of $90 million prior to "merger" with Flipkart, triggering objections from PremjiInvest.

Jun 23, 2017

steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

Essar Steel, Bhushan Steel and Electrosteel are probably up for grabs; who would steal the steel deal?

Banks are all set to crack down on Essar Steel, Bhushan Steel, and Electrosteel to recover their dues. Will the lenders sell their firms to probable buyers like Tata Steel or JSW Steel?

Jun 23, 2017

tata motors, tata motors share price, tata motors share price, tata motors ceo, tata motors stock upgrade, jlr sales

White collar rejig, layoffs at Tata Motors will save company Rs 400 crore

About 1,200-1,300 employees of Tata Motors have been reassigned or let go. Tata Motors plans to slash about 3,000 blue-collar jobs in the next 2-3 years.

Jun 23, 2017

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

On Thursday, lenders led by State Bank of India decided to refer Essar Steel, Electrosteels and Bhushan Steel to the National Company Law Tribunal; the three companies together owe about Rs 1 lakh crore to banks.

Jun 23, 2017

Tata Steel's Noamundi mine wins 'Most Innovative Environmental Project Award'

A total of 80 companies from different sectors participated in GreenCO Summit 2107.

Jun 22, 2017

social samosa, chaibiscuit.com, social samosa founder ankita gaba, social samosa founder aditya gupta

Social Samosa founders launch ChaiBiscuit.com

ChaiBiscuits.com aims to be a social laundry bag that brings to the coffee table 'taboo and off-limit' topics in a light-hearted manner.

Jun 22, 2017

india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

Infosys, HDFC, HDFC Bank, ICICI Bank, TCS, Axis Bank are favourites among foreign investors

While foreign portfolio investors (FPIs) increased their stake in Infosys, HDFC Bank and Axis Bank between 2007 and 2017, they pared their holdings in ICICI Bank.

Jun 22, 2017

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Companies

Infosys chairman Seshasayee to retire next year on turning 70

Infosys co-founders keep away from annual general meeting

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Govt red-flags $13-bn oil deal between Essar and Rosneft

Fortis Healthcare shares crash despite company keeping options open on stake sale

Infosys CEO Vishal Sikka gets clean chit from US law firm in Panaya deal

Infosys to pay $1 million to settle visa violation case in New York

Gear change: Face IT industry headwinds with the right skillsets

Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Essar Steel, Bhushan Steel and Electrosteel are probably up for grabs; who would steal the steel deal?

White collar rejig, layoffs at Tata Motors will save company Rs 400 crore

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

Tata Steel's Noamundi mine wins 'Most Innovative Environmental Project Award'

Social Samosa founders launch ChaiBiscuit.com

Infosys, HDFC, HDFC Bank, ICICI Bank, TCS, Axis Bank are favourites among foreign investors

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]