Companies

Toshiba CEO Steps Down Amid Accounting Scandal; Masashi Muromachi to Take Over

CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement.

Jul 21, 2015

Infosys Profit Up by 5% in Q1, Shares Soar 10%

Analysts said that the company is making a progress due to various strategies initiated by its newly-appointed CEO Sikka.

Jul 21, 2015

PayPal valued at about $52bn in market return

PayPal Holdings shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on 20 July, valuing the company at about $52bn (£33.4bn).

Jul 20, 2015

Infosys Q1 Net Profit Likely to Fall 2.5%, Says CNBC-TV18 Poll

The poll estimates revenue of the Bengaluru-based company to grow about 5% to Rs 14,097 crore.

Jul 20, 2015

Huawei's H1 Revenue up 30% at Rs. 1.7 Lakh Crore

Huawei earlier this year set a target of 20 percent growth in global revenue for 2015.

Jul 20, 2015

Los Angeles airport to become largest air hub to allow Uber pick-ups

Los Angeles International Airport is set to become the largest US airport to allow popular ride-sharing services such as Uber and Lyft to pick up passengers at curbside, following a vote by a local commission on 16 July.

Jul 17, 2015

SBI Plans to Share 3% Profit With Staff; Centre's Decision Pending

SBI chairperson Arundhati Bhattacharya justified the proposal to prevent the poaching of senior and mid-level managers by private banks, which offer much better incentives.

Jul 17, 2015

Anil Ambani Announces Rs.5,000 Crore New Defence Investment

The Reliance Group chairman said the acquisition of the Pipavav Defence Company in Gujarat with assets worth more than Rs.10,000 crore was his company's contribution towards self reliance.

Jul 17, 2015

Uber fined $7.3m by California regulator over disclosure

A court in California has slapped a $7.3m (£4.6m, €6.6m) fine on taxi-app firm Uber for not disclosing enough information about its operations to regulators, besides recommending suspension of its operations across the state.

Jul 16, 2015

Huawei Launches Y336, Y541, Y625 and G620S Smartphones for Offline Market In India

Huawei Gets Security Nod for Rs 25-Crore Project, to Set Shop in TN

The move is being seen as a positive signal to Chinese investors and comes within two months of Prime Minister Narendra Modi's China visit.

Jul 16, 2015

SpiceJet Offers 1 Lakh Tickets at ₹1 on Mobile App; Sale Starts Today

The tickets for ₹1 will be available for booking from 15 July to 17 July midnight.

Jul 15, 2015

Flipkart Announces Scheme for Employees to Adopt Kids

Adoptive mothers will get six months paid leave and four months of flexible working hours, while adoptive fathers will be eligible for six weeks of paid leave.

Jul 14, 2015