Companies

Paytm Payments Bank to commence operations from May 23

In a communication, One97 Communications says Paytm Payments Bank has received final licence from RBI.

May 17, 2017

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Tata Steel leads Sensex rally, up 8% after upbeat Q4 results

Fourth quarter (Q4) profit before exceptional item rose sharply to Rs. 3,352 crore, revenues were up 30 percent on higher output and pricing for Tata Steel, triggering a rally in share price.

May 17, 2017

IBM India refutes reports of mass layoffs in the coming months; appraisal may affect a few

IBM India has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.

May 17, 2017

Terralogic and Matrium Technologies, Terralogic, Matrium Technologies

Terralogic, Matrium Technologies to jointly serve customers in Southeast Asia

The new entity is registered in Australia as Matrium Terralogic PTY Ltd. and will do business as Matrium Terralogic.

May 16, 2017

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Brigade Hospitality Services' Nirupa Shankar hopes for 'achchhe din' this fiscal

Demonetisation hit real estate firms hard last year and this fiscal, the companies have to contend with RERA and GST; still the sector is optimistic, says Nirupa Shankar, director, Brigade Hospitality Services Ltd.

May 16, 2017

Ford likely to cut 10 percent of its global workforce in a bid to increase profits

Ford is likely to cut about 10 percent of its salaried workforce worldwide as the brand aims to boost its profits and stock.

May 16, 2017

Thermo Fisher to buy Patheon for $5.2 billlion to expand biopharma services

Thermo will also assume $2 billion in net debt, putting the cost of the deal at about $7.2 billion for Patheon, which generated $1.9 billion in revenue last year.

May 16, 2017

Vedanta Q4 consolidated net profit at Rs 2,989 crore

Consolidated revenue rose 41 percent to Rs 22,371 crore.

May 15, 2017

ICICI Bank, HDFC slash home loan rates

For loans up to Rs 30 lakh, interest rate on home loan will be 8.40 percent for men and 8.35 percent for women, say ICICI Bank and HDFC; the cuts come a week after SBI made a similar reduction.

May 15, 2017

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Vani Kola steps down from Kalaari Capital

Director of Snapdeal investor Kalaari Capital since September 2009, she sent her resignation letter on May 2.

May 15, 2017

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SriLankan Airlines to add three new Indian cities to its network

The state-owned carrier will commence services to Hyderabad, Coimbatore and Visakhapatnam from July.

May 13, 2017

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L&T wins order for supply of artillery guns

The contract is valued at about Rs 4,500 crore.

May 13, 2017

Happiest Minds acquires Cupola Technology

Cupola Technology is an IoT services company with innovative solutions across the IoT lifecycle

May 13, 2017

IT Layoffs: 56,000 employees with 7 IT firms, including Infosys and Wipro, could lose jobs in 2017

After Infosys, Wipro, Cognizant, Capgemini and Tech Mahindra made news for cutting jobs and deferring appraisals, it is estimated that 56,000 IT employees could lose their jobs this year.

May 13, 2017

IT layoffs: Are slow growth and automation responsible for mass job cuts in the sector?

IT giants like Infosys, Wipro, Cognizant, Tech Mahindra and Capgemini have made news for the reported layoffs, which seem to have a lot to do with the slow growth in the sector and automation.

May 13, 2017

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Companies

Paytm Payments Bank to commence operations from May 23

Tata Steel leads Sensex rally, up 8% after upbeat Q4 results

IBM India refutes reports of mass layoffs in the coming months; appraisal may affect a few

Terralogic, Matrium Technologies to jointly serve customers in Southeast Asia

Brigade Hospitality Services' Nirupa Shankar hopes for 'achchhe din' this fiscal

Ford likely to cut 10 percent of its global workforce in a bid to increase profits

Thermo Fisher to buy Patheon for $5.2 billlion to expand biopharma services

Vedanta Q4 consolidated net profit at Rs 2,989 crore

ICICI Bank, HDFC slash home loan rates

Vani Kola steps down from Kalaari Capital

SriLankan Airlines to add three new Indian cities to its network

L&T wins order for supply of artillery guns

Happiest Minds acquires Cupola Technology

IT Layoffs: 56,000 employees with 7 IT firms, including Infosys and Wipro, could lose jobs in 2017

IT layoffs: Are slow growth and automation responsible for mass job cuts in the sector?

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]