Companies

Micromax to Invest Nearly $400 million in Startups This Year

India's second largest handset vendor is keen to buy stake in around 20 companies globally.

May 8, 2015

Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

UBS Not Sure about Infosys' 'Vision 2020'

UBS says company's plans to boost revenues to $20 billion over the next five years is a "significant challenge".

May 8, 2015

Lenovo A6000 Plus Flipkart Flash Sale 2.0 on 5 May

Flipkart, Snapdeal Need $20bn More to Retain Growth in Next Five Years: Goldman Sachs

The projection suggests that the online retailers should maintain a growth of over 100% despite huge losses.

May 7, 2015

Daimler gets go-ahead for open road tests of self-driving truck

Nevada has given Daimler AG, the worlds biggest truck maker, the go-ahead to test its self-driving heavy freight truck for the first time on the open road in ordinary traffic, the two sides announced on Tuesday (6 May).

May 7, 2015

Fashion E-tailer Jabong Sees Five-fold Increase in Losses on Deep Discounts

The company had spent about Rs 1.55 paise on every one rupee it earned through sales last year.

May 7, 2015

Edmund Shing: Apple v Microsoft in the technology boxing match of the century

Apple and Microsoft have been slugging it out for the crown for worlds most valuable firm since the dawn of the millennium.

May 6, 2015

Google, Yahoo Prefer Asians as Programmers, Not Senior Executives

A study by Ascend revealed disproportionate number of Asian workers in non-management jobs and leadership positions in the Silicon Valley.

May 6, 2015

Infosys Shortlists Six Indian Startups for Investment: Report

India's second largest IT firm has set aside about $250 million (Rs 1,580 crore) for investment in Indian startups.

May 6, 2015

Growth, Currency Troubles for IT Sector Likely to Persist for Two More Quarters

Concerns facing domestic IT sector are likely to persist in the next two quarters despite signs of improvement in industry's outlook.

May 5, 2015

Infosys Asks West Bengal Govt to Accord SEZ Status to its Proposed Centre or Return ₹75 Crore Paid For Land

The Left Front govt had agreed to accord SEZ status to the proposed Infosys software centre as it was estimated to generate 15,000 jobs.

May 5, 2015

Housing.com CEO Resigns Over Differences With Board Members

'I don't think you guys are intellectually capable enough to have any sensible discussion anymore,' CEO Rahul Yadav said.

May 5, 2015

Inquisitive koala goes for midnight stroll around Australia hospital

Staff at western Victoria hospital said koala looked very relaxed as he wandered around the wards.

May 5, 2015

Cognizant Bucks India IT Slowdown Trend, Posts 20% Revenue Growth in Q1; Raises Revenue Guidance for 2015

Its revenues stood at $2,911 million for the March quarter, 20 percent higher on y-o-y basis.

May 5, 2015

GM Mulls Over Making India Global Hub as Labour Costs Rise in South Korea

Detroit- headquartered GM is expected to launch newly-designed, sub-compact cars in India later this year.

May 4, 2015

TCS Treads Rivals' Path, Rejigs Top-level Management

The company has long maintained a fixed top-level management until the head of its business process services Abid Ali Neemuchwala moved to Wipro as chief operating officer in March this year

May 4, 2015