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Companies

Yahoo announces first round of layoffs as it trims 15 percent of workforce

The layoffs will take effect Apr.11 and affected employees received 60-day advance notice of the move. Feb 11, 2016
ONGC

ONGC aims for new drilling contracts in cost-saving drive

The new drilling contracts could help the company save 5-10 billion rupees a year, analysts said. Feb 11, 2016

Cryogenically frozen rabbit brain returned near-perfectly from preservation

Small Mammal Brain Preservation Prize won by researchers at 21st Century Medicine. Feb 10, 2016
Cipla's office in Bangalore

Cipla reports a 4.7% profit increase in Q3 FY15-16 results

Cipla announced its unaudited consolidated financial results for the quarter ended Dec. 31, 2015. Feb 10, 2016
Apollo Tyres Tyre industry

Apollo Tyres Q3 net profit up 51% helped by soft rubber prices

Tyre companies in India are benefiting from low rubber prices, however, cheaper Chinese imports are hurting sales. Feb 10, 2016
Snapdeal's wallet on delivery goes live

Govt may allow 100% FDI in marketplace model of e-commerce: Report

Currently, 100 percent overseas capital is allowed in business-to-business (B2B) e-commerce ventures. Feb 10, 2016
Taj Mahal

Tata Group eyes Myanmar, Vietnam as future markets

Growing economies, expanding middle class and tax incentives together make a strong case for the group to expand its business in Vietnam and Myanmar. Feb 10, 2016

'Bajirao Mastani' box office success fails to lift Eros Q3 revenues, net profit; shares plunge 10%

Net profit was down 65 percent, while revenues fell 31 percent. Feb 10, 2016
Spicejet

SpiceJet plans to gain from e-commerce boom

An Economic Times report said that SpiceJet would purchase 100 mini trucks and open 40 warehouses across the country. Feb 10, 2016
Jet Airways

Jet Airways plans better cost control and fleet usage measures

The airline is set to double its earnings per share to Rs 120 in FY17 from the current Rs 68 in FY16. Feb 10, 2016
Walt Disney

ESPN casts shadow over Star Wars success at Disney

Investors nervous about the future prospects for Disney sent its shares down 3.5 percent to $89.21 in after-hours trading. Feb 10, 2016
PepperTap

PepperTap joins downsizing bandwagon, shuts shop in six cities

Start-ups are increasingly resorting to layoffs and partial business shutdowns amid rising costs and pressure by investors to stay profitable. Feb 9, 2016
PNB

PNB's Q3 profit plummets 93% on bad loan provisions

PNB's gross NPAs soared to 8.47 percent of total advances in the quarter from 5.97 percent in the year-ago quarter. Feb 9, 2016

Dr Reddy's Labs Q3 net profit hit by forex loss, Venezuela operations

The Hyderabad-based pharma major warned that its operations in Venezuela could impact the March quarter earnings as well. Feb 9, 2016

SpiceJet to choose between Boeing and Airbus for Rs 75,000-crore deal

The airline has laid the condition of early deliveries as the selling point of the deal. Feb 9, 2016
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