Companies

HCL to train students for IT jobs, plans to pay Rs 10,000 stipend

HCL-Tech Bee will be rolling out hiring and training processes for post-intermediate students. Aspirants should have 60% marks and mathematics as a subject. Trainees will be given a stipend of Rs 10,000 per month.

Jun 13, 2019

Here's why Modi govt wants ONGC to sell its golf courses in Gujarat

ONGC's golf courses in Ahmedabad and Vadodara are listed under non-core assets by Department of Investment and Public Asset Management (DIPAM).

Jun 13, 2019

Adani wins final approval for long delayed Australian coal mine

The mine would produce 8-10 million tonnes of thermal coal a year, and cost up to $1.5 billion.

Jun 13, 2019

Infosys to digitally transform Finnish postal company Posti

Infosys will be helping the Finland-based postal company manage a cloud workspace and will digitize the infrastructure to a flexible IT service model.

Jun 12, 2019

Wipro CEO Abidali Neemuchwala gets 41% salary hike, overtakes Infosys chief Salil Parekh

Abidali Neemuchwala received about Rs 6.9 crore as salary and allowances, Rs 6.17 crore as commission and variable pay, about Rs 13.85 crore as others and rest in long-term compensation.

Jun 12, 2019

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

Jun 12, 2019

Patanjali: Rapid expansion taking a toll on Baba Ramdev's biz? Sales plunge 10%

Customers were snapping up Patanjali Ayurved's affordable, Indian-made products such as coconut oil and ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.

Jun 12, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Modi govt drags Deloitte, KPMG affiliate BSR to NCLT; seeks 5-year ban

The two firms won't be allowed to audit any listed or unlisted company, including banks and non-banking financial companies (NBFCs), for five years if the proposed punishment is accepted by the NCTL.

Jun 11, 2019

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Debt-ridden Suzlon faces loan repayment default even as shares nosedive

Suzlon's losses have increased from Rs 384 crore in 2018 to Rs 1537 crore in 2019. The company has a debt of about Rs 11,141 crore.

Jun 11, 2019

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TCS overtakes IBM in market capitalisation

As of Monday's closing, the market cap of TCS stood at Rs 8.36 lakh crore on NSE whereas IBM was stable at Rs 8.31 lakh crore.

Jun 11, 2019

Yes Bank gets another blow; former MD and CEO Ajai Kumar quits board

The shares of YES Bank closed 2.89 per cent down at Rs 135.90.

Jun 10, 2019

Suppliers' bankruptcy petitions may prove the last nail in Jet Airways coffin

The fate of Jet Airways lenders rescue plan in the balance as several suppliers and operational creditors head to National Company Law Tribunal to initiate proceedings under Insolvency and Bankruptcy Code.

Jun 10, 2019

Scooter rental start-up Vogo raises Rs 25 crore debt fund from Alteria Capital

Alteria is India's largest venture debt fund focused on innovative startups backed by strong VC sponsors. It provides debt funding in the range of Rs 5 crore to Rs 100 crore to venture-backed companies.

Jun 8, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

Google buys Looker in Thomas Kurian's 1st acquisition in cloud-computing business

Looker is an American data exploration and business intelligence platform founded in 2012, employing about 800 people. It had a market value of $1.6 billion in 2018.

Jun 7, 2019