Companies

Samsung Galaxy Note 7 mass recall after reports of device exploding while charging

Samsungs mass recall of the Galaxy Note 7 smartphones worldwide over faulty batteries may cut the Korean companys 2016 second-half operating profit by about 820bn won ($738m, Â£554m) as per an analyst report. Another report says the total cost borne the company could well amount to $1bn. The company announced a global recall of the recently launched Note 7 smartphone last week after receiving close to 35 official complaints of malfunctioning most of which were related to batteries that caught fire while being charged.

Sep 8, 2016

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IRB InvIT Fund files documents with regulator for IPO; IRB Infra shares rise 6%

IRB Infrastructure-backed IRB InvIT Fund will be the first real investment trust (ReIT) to come out with an IPO.

Sep 8, 2016

Tata Consultancy Services

TCS shares dip 5.66% after company issues bleak Q2 outlook

The firm's banking and financial sector clients in the United States are being cautious on discretionary spending.

Sep 8, 2016

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Supreme Court comes down heavily on industrialists making false promises

Clients facing trial promise to return after travel but never do so, the court observed while hearing Ravikant Ruia's plea. Ruia is facing trial in 2G scam.

Sep 7, 2016

Spicejet

SpiceJet shares skyrocket 20% on sharp rise in Q1 net profit

The airline's net profit doubled to Rs. 142.9 crore for the June quarter on lower fuel and finance costs.

Sep 7, 2016

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ING Bank extends $25 million debt to Hong Kong-based fintech company WeLab

Amsterdam-based ING Bank had participated in a $160 million funding for WeLab in January this year, led by Khazanah Nasional Berhad.

Sep 7, 2016

Insurance Bill

ICICI Prudential Life IPO: Company gets Sebi approval for public offer

The issue size of the venture, in which ICICI Bank holds about 68% and Prudential Plc's stake is about 26%, is likely to be around Rs. 5,000 crore.

Sep 7, 2016

Wipro

Wipro wins three-year contract from Norway's railway company NSB

The three-year contract entails implementation of Wipro's BoundaryLess Data Center (BLDC) and LiVE Workspace solutions.

Sep 7, 2016

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Equitas Small Finance Bank starts operations with 3 branches

Equitas Small Finance Bank is a subsidiary of Equitas Holdings Ltd.

Sep 6, 2016

Vistara

Vistara offers discounted fares at Rs 949

The limited period offer bookings can be made between September 6 and 10.

Sep 6, 2016

Advertising

WorkApps releases industry product for advertising, media sectors

It aims to fulfill needs of the creative and media teams with the arsenal of data and technology solutions.

Sep 6, 2016

Talking selfie

HSBC to use selfie verification to open bank accounts quickly

The new rule is intended at simplifying the process of opening a new account using a mobile phone.

Sep 6, 2016

Reliance Jio 4G: Is it possible to tweak your 3G phones to use Jio SIM for LTE services

Reliance Jio may extend free offers beyond January 2017, suggest analysts

A price war is brewing among telecom operators after Reliance announced its Jio 4G offers.

Sep 6, 2016

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Mindtree expects lower Q2 revenues, shares fall almost 8%

Mindtree said the fall in revenues is expected due to project cancellations and cross-currency movements, among other factors.

Sep 6, 2016

Pepsi India

Varun Beverages IPO: PepsiCo bottler gets Sebi nod for public issue

The management of the firm are currently travelling across the country giving presentations to potential investors, Mint reported.

Sep 6, 2016

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