Companies

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

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Cathay Pacific to undertake biggest job cut in 20 years; Singapore Airlines reports weak results

Hong Kong-based Cathay Pacific Airways will cut 600 jobs to save money amid mounting losses; Singapore Airlines reports drop in revenues and operating profit.

May 22, 2017

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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Besides Softbank and Saudi Arabia's Public Investment Fund, the new fund's investors include Abu Dhabi's Mubadala Investment, Apple Inc, Qualcomm, Taiwan's Foxconn Technology and Japan's Sharp Corp.

May 22, 2017

Meet Consolata, a woman who benefitted from the programme ambulance taxi in Tanzania

A first-of-its-kind ambulance taxi service created by the Vodafone Foundation to save the lives of high-risk pregnant women in two Tanzanian districts the size of Belgium. Consolata is one of the women who benefitted from the programme that helped reduce the maternal mortality by 27%.

May 22, 2017

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State Bank of India will hire less this year, thanks to merger of associate banks

State Bank of India had 2,06,994 employees as of March 31, 2017, including 13,097 who joined and 11,264 who retired; the combined strength (including associate banks' employees) stood at 2,78,872.

May 22, 2017

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Companies

ITC posts 12% rise in Q4 net profit on excise duty savings, revenues up 6%

India-born Rajeev Misra joins Japan's SoftBank board

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

Tech Mahindra Q4 net profit plunges 33%

ONGC Q4 net profit falls 6% to Rs 4,340 crore

Indian firms' foreign borrowings in April triple to $1.30 billion

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

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

Infosys CEO Vishal Sikka takes huge salary cut for FY2017

Ford sacks CEO Mark Fields, appoints Jim Hackett as successor

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

Cathay Pacific to undertake biggest job cut in 20 years; Singapore Airlines reports weak results

Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Meet Consolata, a woman who benefitted from the programme ambulance taxi in Tanzania

State Bank of India will hire less this year, thanks to merger of associate banks

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]