Companies

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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SpiceJet, Jet Airways, Interglobe Aviation likely to trade sideways over GST service tax on transport

The GST Council reduced service tax on economy class to 5 percent from 6 percent while raising it to 12 percent on business class from the current 9 percent.

May 21, 2017

The United States and Saudi Arabia Sign Military Deals Worth Almost $110 Billion

The United States on Saturday (May 20) announced military deals worth nearly $110 billion, during a visit by President Donald Trump to Saudi Arabia. Business leaders on both sides were keen to demonstrate their talks had been a success, so there was an element of showmanship in the huge numbers.

May 20, 2017

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GST rate on capital goods no game changer; impact on L&T, ABB, BHEL, Siemens, Thermax seen as minimal

The GST Council fixed the rate on capital goods at 18 percent while on coal, a key raw material, it is 5 percent. Companies dominating this industry include L&T, ABB, Siemens, BHEL and Thermax.

May 20, 2017

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Etihad Airways finds investments in Alitalia, Air Berlin, Jet Airways not paying off

Picking up stakes in Alitalia, Air Berlin to drive growth does not seem to be paying off in catch-up with bigger rival Emirates.

May 20, 2017

The moment a young Mark Zuckerberg realises he has been accepted to Harvard

Mark Zuckerberg released video on 18 May of the moment he learned of his acceptance into Harvard University, where he later developed and founded Facebook. Zuckerberg said he released the video, filmed by his dad, ahead of his return to Harvard to receive his honorary degree. In the footage, he is seen in his bedroom opening an email from Harvard while dressed in his pyjamas.Yay, I got accepted, a teenage Zuckerberg says softly, before his father Edward Zuckerberg begins cheering.In the comments section on the Facebook post Zuckerberg provided some insight into the video.Before I went to college, my mom bet me Id drop out and my younger sister bet me shed finish college before me. I bet them Id get a degree. Now I suppose the cycle is complete, he wrote.

May 19, 2017

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Jet Airways-investor Etihad Airways could merge with Emirates: Economist

Etihad holds 49 percent stake in Alitalia and 30 percent in Air Berlin.

May 19, 2017

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Companies

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

SpiceJet, Jet Airways, Interglobe Aviation likely to trade sideways over GST service tax on transport

The United States and Saudi Arabia Sign Military Deals Worth Almost $110 Billion

GST rate on capital goods no game changer; impact on L&T, ABB, BHEL, Siemens, Thermax seen as minimal

Etihad Airways finds investments in Alitalia, Air Berlin, Jet Airways not paying off

The moment a young Mark Zuckerberg realises he has been accepted to Harvard

Jet Airways-investor Etihad Airways could merge with Emirates: Economist

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]