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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

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

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, 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

IT Layoffs: Cognizant opens up about 'voluntary separation offer,' says beneficial to new generation of employees

Cognizant also said that this is the first time that the company has introduced an offer like this, whereas other firms have been doing it for years.

May 26, 2017

Wipro issues 4 lakh equity shares under stop option plans; HCL Tech stock buyback at Rs. 1,000 per share

The equity shares issued by Bengaluru-based IT software services company are under Restricted Stock Unit Plans 2004, 2005 and 2007.

May 24, 2017

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Infosys CEO Vishal Sikka takes huge salary cut for FY2017

The Infosys 2017 annual report gives details of salary, incentives and ESOPs for CEO Vishal Sikka, COO Pravin Rao and other top executives for 2016-17.

May 24, 2017

Ford sacks CEO Mark Fields, appoints Jim Hackett as successor

Hackett is the current head of Ford Smart Mobility LLC subsidiary and will report to Executive Chairman Bill Ford.

May 22, 2017

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Titan, PC Jeweller, Gitanjali Gems among world's top 50 luxury brands

In the fourth annual Global Powers of Luxury Goods report, Titan was ranked 31st, Gitanjali Gems 30th and PC Jeweller 44th; Louis Vuitton topped the list.

May 22, 2017