Companies

Vedanta May Announce Significant Job Cuts as Aluminium Prices Slide

Vedanta and Hindalco are seeing their profit margin decline by 75% due to lower aluminium prices

Jul 22, 2015

Australia's ANZ Set to Open Branch in Gurgaon

Australia's No. 3 lender, which is already present in Mumbai and Bengaluru, plans to open another site in outer Bengaluru,

Jul 22, 2015

Will Infosys Regain Lost Ground?

Infosys reported a sharp decline in attrition rate to 14.2% in the June quarter as against 23.4% in the same period a year ago.

Jul 21, 2015

Sun Pharma Shares Plunge over 15% on Profit Warning

Brokerages remain mixed over the outlook for stock prices of Sun Pharma.

Jul 21, 2015

Gold Prices Could Fall Further over Next 12 Months

A rise in China's gold reserves did not underpin the gold prices.

Jul 21, 2015

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