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reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

Reliance Communications shares plunge yet again on loan repayment, debt downgrading woes

Anil Ambani-owned Reliance Communications reported dismal Q4 results amid mounting loans and downgrading of its debt by credit rating agencies. May 31, 2017
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Air India should be completely privatised, Niti Aayog tells Modi Govt: Report

Niti Aayog has made a case for fully privatising Air India in its report to the Prime Minister's Office submitted a few days ago. May 31, 2017
N Chandrasekaran

Former TCS chief executive officer N Chandrasekaran took home Rs 25 crore as commission for FY 2017

N Chandrasekaran, who was with TCS before moving to Tata Sons this February, got Rs 30 crore for 2016-17, including commission. May 30, 2017
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Bank of Baroda, Paytm in race to buy Snapdeal-owned FreeCharge: Report

Digital payments company FreeCharge, which was acquired by Flipkart's rival Snapdeal two years ago, is reportedly up for sale. May 30, 2017
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Unitary Helion launches early stage fund, eyes $100 million, Teamlease acquires Freshersworld.com

Rahul Chandra, currently MD of Helion Venture Partners, said Unitary Helion will invest in fintech, digital marketplaces and value chain innovation in core sectors. May 30, 2017
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Larsen & Toubro reports 30% rise in Q4 net profit, declares 1:2 bonus

Mumbai-based engineering and construction company Larsen & Toubro says its order book stood at Rs 261,341 crore. May 29, 2017
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Jet Airways, SpiceJet stocks end lower ahead of Q4 results

Budget carrier SpiceJet will be declaring results on June 3 and Jet Airways, on Tuesday (May 30); share price of the two carriers end with minor losses. May 29, 2017
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VietJet to become first Vietnamese company to seek overseas listing

Nguyen Thi Phuong Thao, VietJet's founder and chief executive officer, says London, Hong Kong and Singapore stock exchanges have approached her. May 29, 2017
Cognizant

IT layoffs: Cognizant job cut plea closed in favour of retrenched employees; what's next?

The relief comes after eight employees had filed a plea with the labour department saying that Cognizant had sacked many of its employees on the basis of the annual performance appraisal. May 29, 2017
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ITC posts 12% rise in Q4 net profit on excise duty savings, revenues up 6%

For the fourth quarter (Q4) ended March 2017, ITC's net profit stood at Rs 2,669 crore, helped by Rs 500 crore saved on account of excise duty. May 27, 2017
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India-born Rajeev Misra joins Japan's SoftBank board

Rajeev Misra and four others will be formally elected on June 21, SoftBank said. May 27, 2017
Rakesh Sarna

Rakesh Sarna, head of Tata's hotel business, resigns; will leave in September

Rakesh Sarna, the chief executive and managing director of Tata Group's hotel business, said he was stepping down for personal reasons. May 27, 2017
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Tech Mahindra Q4 net profit plunges 33%

Consolidated revenue grew 9.9 percent to Rs 7,733 crore for the quarter under review. May 27, 2017
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ONGC Q4 net profit falls 6% to Rs 4,340 crore

Total income for the March 2017 quarter (Q4) increased by 29.24 percent to Rs 26,233.56 crore. May 27, 2017
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Indian firms' foreign borrowings in April triple to $1.30 billion

The external commercial borrowings (ECBs) of Indian companies went up more than three-fold to $1.30 billion in April; the corresponding figures stood at $304.57 million in the same month last year, the Reserve Bank of India has said. May 27, 2017
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