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Google drops out of bidding for $10 billion Pentagon cloud computing contract

The principles bar use of Google's artificial intelligence (AI) software in weapons as well as services that violate international norms for surveillance and human rights.

Oct 10, 2018

Play

Cognizant lays off 200 senior employees to invest in the next generation of techies

Tech Mahindra had recently lowered the retirement age for employees. Tata Consultancy Services has also doubled the salary for freshers to attract the younger generation.

Oct 10, 2018

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

IL&FS mayhem swept off 12.5% of mutual funds wealth; AUM dropped to Rs 22.04 trillion

The numbers show that the mutual fund (MF) industry has lost 12.5 percent or Rs 3.16 trillion worth of investment in the single month.

Oct 9, 2018

Microsoft thwarted attacked against congressional candidates

Microsoft to invest in Singapore-based ride-sharing service Grab

The companies plan to work together on technology projects, in areas including big data and AI, in an attempt to transform the delivery and mobility solutions in Southeast Asia.

Oct 9, 2018

E-commerce giants create lakhs of jobs in India for sale season

The companies have given an impetus to their hiring spree with around 80,000 people being hired by both Flipkart and Amazon in the last few months.

Oct 8, 2018

Yes Bank promoters Rana Kapoor and Madhu Kapur willing to opt for out-of-court settlement

A logical conclusion is likely to remove all the uncertainties surrounding the bank's succession plan which has been affecting the performance of its stock at Dalal Street.

Oct 8, 2018

IL&FS cash crunch: National Highways Authority of India may provide interim relief

It is to be noted that IL&FS and its group companies have proceeded loans for key infra projects to NHAI which are stalled due to cash shortage at the group.

Oct 7, 2018

Microsoft's machine learning framework goes open source

Microsoft's cross-platform framework Infer.NET can now be accessible worldwide. Infer.NET was initially envisioned as a research tool and later in 2008 was released for academic use.

Oct 7, 2018

Fresh liquidity for Jet as Etihad to make $35 million cash pre-purchase payment

The plan includes a $35 million cash pre-purchase payment to Jet Airway's frequent flyer programme JPPL ( Jet Privilege Private Ltd), which is majority-owned by Etihad Airways.

Oct 7, 2018

Jet Airways assures livid pilots August salary by October 9 after missing out on September 26 deadline

After missing out on the September 26 deadline, Jet Airways has now assured its pilots that their August salaries would be credited by October 9. The date was finalised after a meeting between the management of Jet Airways and the National Aviator's Guild, which is its domestic pilots' union.

Oct 6, 2018

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Business news

Google drops out of bidding for $10 billion Pentagon cloud computing contract

Cognizant lays off 200 senior employees to invest in the next generation of techies

IL&FS mayhem swept off 12.5% of mutual funds wealth; AUM dropped to Rs 22.04 trillion

Microsoft to invest in Singapore-based ride-sharing service Grab

E-commerce giants create lakhs of jobs in India for sale season

Yes Bank promoters Rana Kapoor and Madhu Kapur willing to opt for out-of-court settlement

IL&FS cash crunch: National Highways Authority of India may provide interim relief

Microsoft's machine learning framework goes open source

Fresh liquidity for Jet as Etihad to make $35 million cash pre-purchase payment

Jet Airways assures livid pilots August salary by October 9 after missing out on September 26 deadline

SpiceJet flight makes emergency landing in Varanasi after Thai national dies on board

IL&FS case: Fraud probe agency to look into the diversion of loan amount

World Bank bars several Indian companies, individuals over charges of corruption

Chanda Kochhar steps down as ICICI Bank CEO; Sandeep Bakshi named as replacement

Amid liquidity crisis, IL&FS chairman received 144% salary hike in FY18