Companies

Mauritius, Pravind Kumar Jugnauth, PM Modi, Narendra Modi

SBM Bank of Mauritius opens wholly owned subsidiary in India

SBM Bank (India) will extend its network by end of March 2020 with four new branches focusing on the mid-market segment.

Jan 25, 2019

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Whistleblower Arvind Gupta unearthed the multi-crore scam at ICICI Bank by analysing publicly available records over the years.

Jan 25, 2019

Apple lays off 200 employees from its autonomous vehicle project

The Cupertino-based tech giant is said to have taken the step as part of its restructuring plans for the unit. Apart from the 200 employees, there are many others who will be moved to various other units within Apple.

Jan 25, 2019

RCom sinks deeper into the red as net loss widens to Rs 238 crore in Q3

A marginal rise in Q3 total income to Rs 1,083 crore from the preceding quarter's Rs 1,014 crore fails to buoy the bottom line

Jan 24, 2019

IndiGo shares soar with Q3 revenue report despite profit plunge

India's largest airline acknowledges fuel and currency turbulence as revenue rises to Rs 7,916 year on year as profit after tax falls 75%.

Jan 24, 2019

jet fuel prices, atf prices, aviation turbine fuel, atf prices in india, iata jet fuel monitor, civil aviation, india, asian civil aviation, vietnam airlines

Merger of Jet Airways and Air India will save both, but will be bad for flyers

If the two full service carriers were to merge, both could do away with suicidal discounting. A rationlisation of ticketing will be a crucial part of the turnaround of both the airlines.

Jan 24, 2019

Oracle pay bias lawsuit: Tech giant underpaid thousands of women, black and Asian employees

The United States Department of Labor has accused Oracle of underpaying more than 5,000 women employees with disparity recorded at about 20 percent and said that over 11,000 Asians too were paid 8 percent lesser than the other workers.

Jan 24, 2019

ITC posts 3.84% growth in third quarter, shares slide 4.75%

ITC third quarter results were better than the analysts' estimates, according to Reuters Refinitiv Eikon data.

Jan 23, 2019

Essar Steel bankruptcy row clouds India's FDI push

ArcelorMittal says the inability to apply the law correctly would blemish the nation's standing as a rising investment destination.

Jan 23, 2019

kotak mahindra bank, kmb, uday kotak, digital banking, kotak 811, online banking, banks in india, indian banks

Kotak Mahindra Bank Q3 net rises 23%, marks fastest pace in 6 quarters

Kotak Mahindra Bank's ledgers were helped by higher interest income as well as write-back of provisions.

Jan 21, 2019

ccd coffee day q3 results, ccd share price, ccd ipo, coffe shops, cafes, global coffee brands, global coffee trade, global coffee market

CCD aficionados await a better brew after Siddhartha's MindTree pullout

A restructuring could help coffee chain focus on core business and expand to new geographies boosting share price discovery.

Jan 21, 2019

Michelin boss a possible successor to Ghosn at Renault, hints France finance minister

Michelin Chief Executive Jean-Dominique Senard could be a good choice to head carmaker Renault , French finance minister Bruno Le Maire said in a newspaper interview published on Sunday.

Jan 20, 2019

Tesla cuts over 3,000 jobs amid 'extremely difficult challenge,' Musk aims for cheaper Model 3

The job cut is said to be step taken by Tesla in a bid to increase the production of Model 3 and bring down its cost. The cheapest version of the Model 3 currently sells for about $45,000 and Tesla plans to bring down the figure to $35,000.

Jan 19, 2019

wipro ceo Abidali Neemuchwala, wipro q4 results, wipro share price, wipro q4 it revenue, wipro q1 revenue guidance

Wipro third quarter net profit rises 30%, beating estimates

On a further positive note, the Bengaluru-headquartered software giant forecast higher sequential revenue in the next quarter.

Jan 18, 2019

Goyal family, Etihad at odds over Jet rescue plan

Goyal wants at least a 25% stake in reconstituted Jet equity; Goyal and Etihad seek Sebi exemption from takeover code violation

Jan 18, 2019

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Companies

SBM Bank of Mauritius opens wholly owned subsidiary in India

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Apple lays off 200 employees from its autonomous vehicle project

RCom sinks deeper into the red as net loss widens to Rs 238 crore in Q3

IndiGo shares soar with Q3 revenue report despite profit plunge

Merger of Jet Airways and Air India will save both, but will be bad for flyers

Oracle pay bias lawsuit: Tech giant underpaid thousands of women, black and Asian employees

ITC posts 3.84% growth in third quarter, shares slide 4.75%

Essar Steel bankruptcy row clouds India's FDI push

Kotak Mahindra Bank Q3 net rises 23%, marks fastest pace in 6 quarters

CCD aficionados await a better brew after Siddhartha's MindTree pullout

Michelin boss a possible successor to Ghosn at Renault, hints France finance minister

Tesla cuts over 3,000 jobs amid 'extremely difficult challenge,' Musk aims for cheaper Model 3

Wipro third quarter net profit rises 30%, beating estimates

Goyal family, Etihad at odds over Jet rescue plan

FSSAI assures action against hanging of toilet brushes over pizza dough at Domino's outlet in Bengaluru

Seven ITBP jawans killed, 34 injured in accident near Chandanwari; President, J&K LG mourn loss [details]

Veer Savarkar flex row in K'taka: Ruling BJP, Congress indulge in war of words [details]