Companies

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

Domestic IT Firm RMSI Trumps Google as Best Company to Work for in India

Microsoft India stood at twentieth spot in the list.

Jul 13, 2015

TCS to Trim Employee Duration on Projects to Fight High Attrition Levels

The move is also aimed at motivating its "young workforce" to stay with the organization.

Jul 13, 2015

Accounting Scandal at Toshiba Corporation

Deepening Accounting Scandal at Toshiba May Force its President, Vice Chairman to Quit

President Hisao Tanaka and Vice-Chairman Norio Sasaki reportedly exerted pressure on subordinates to reach profit targets.

Jul 11, 2015

a-gas-nozzle-is-used-to-pump-petrol-at-a-station

India to Save ₹ 1.50 Lakh Crore From Oversupplied Crude Oil Market

Average cost of crude oil imported by India fell to $61.50 per barrel in April-June quarter of 2015-16, from $84.10 a barrel a year ago.

Jul 11, 2015

'Make in India': Foxconn to Create a Million Jobs by Setting up 10-12 Manufacturing Units by 2020

The current government is far more supportive of manufacturing in India than the government 10 years ago, Gou said.

Jul 11, 2015

Airbus E-Fan becomes first electric plane to cross Channel

The Airbus E-Fan took off from Lydd airfield in Kent and became the first twin engine electric flight to cross the English Channel on 10 July, landing in Calais, France.

Jul 10, 2015