Mumbai, Oct 22 In an attempt to soothe investor sentiments, Infosys Chairman Nandan Nilekani on Tuesday assured investigations to the “fullest extent” into allegations of unethical practices against its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO)
New Delhi, Oct 19 Reliance Industries’ (RIL) consolidated net profit for the quarter ended September touched a record Rs 11,262 crore, rising by 18.34 per cent on a year-on-year basis. During the corresponding period of financial year 2018-19, it had
New Delhi, Oct 19 Reliance Jio continued to be the only operator to add new subscribers, as the telecom major added 84.45 lakh users in August, taking its customer base to 34.82 crore, while its competitors Airtel and Vodafone Idea
Los Angeles, Oct 17 Swedish luxury car-maker Volvo has introduced its first ever fully electric car, the XC40 Recharge that comes with a brand new infotainment system powered by Googles Android operating system. The company did not reveal the price
Bengaluru, Oct 15 Software major Wipro on Tuesday reported Rs 2,550 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 35 per cent growth over the same period last year. Sequentially, net profit grew 7 per cent
New Delhi, Oct 15 Sajjan Jindal-led JSW Group on Tuesday said that the group has repayed loans worth Rs 1,200 crore by releasing pledged shares in JSW Steel and JSW Energy with a combined value of Rs 2,500 crore. The
New Delhi, Oct 15 Finnish telecommunications equipment maker Nokia on Tuesday announced partnering with IT major Wipro to jointly develop 5G use cases at its Bengaluru R&D centre in order to help operators maximise their investments in the fifth generation
New Delhi, Oct 15 The Centre is likely to issue the expression of interest (EoI) for divestment of its stake in national passenger carrier Air India by November. According to airline employees, the proposed EoI is slated for early next
New Delhi, Oct 14 Air India on Sunday said that the issues regarding aviation fuel payments are being sorted out with the state-run oil companies and they would be resolved early. The statement comes days after oil PSUs (public sector
Bengaluru, Oct 12 Software major Infosys on Friday reported 2.2 per cent decline in consolidated net profit for the second quarter (Q2) of fiscal 2019-20 to Rs 4,019 crore from Rs 4,110 crore in the same period a year ago. Sequentially,
Mumbai, Oct 11 India’s largest IT firm, TCS, on Thursday reported a 1.80 per cent year-on-year (YoY) increase in its consolidated profit at Rs 8,042 crore for the second quarter ending September. The company’s revenue in the period in consideration
New Delhi, Oct 10 Chinese telecom equipment firm Huawei Technologies, which has got approval to take part in the demonstration of 5G during the three-day India Mobile Congress starting here on Thursday, said it is hopeful that the Indian government
New Delhi, Oct 9 With Reliance Jio announcing 6 paise per minute charge for voice calls to rival networks, Vodafone Idea on Wednesday termed the announcement “an action of undue haste” and Airtel termed the Mukesh Ambani-owned company’s move a forced
New Delhi, Oct 9 Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a
Mumbai, Oct 8 Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday. Lee is likely
New Delhi, Oct 3 Following a strong central government push towards EVs, India has the potential to become one of the largest EV markets in the world, a report showed on Thursday. The report by the World Economic Forum and
Mumbai, Oct 2 Budget airline GoAir on Tuesday said that it will commence 12 flight operations including new ones and additional frequencies from October 5. New flights between Delhi-Chandigarh, Lucknow-Ahmedabad and Kolkata-Lucknow will be started. Besides, GoAir will increase frequencies
New Delhi, Sep 30 Automobile major Maruti Suzuki on Monday launched mini-SUV ‘S-Presso’ priced in the range of Rs 3.69 lakh to Rs 4.91 lakh. The company said the mini-SUV has been built afresh on acclaimed 5th generation ‘Heartect’ platform
Bengaluru, Sep 27 Infosys, Indian software major, on Thursday said it won the UN global climate action award under the carbon neutral category. “We are the only company from India to win the UN award and recognition for efforts to
Mumbai, Sep 26 Cash-strapped Essel Group on Wednesday said that its lenders have agreed to extend the timeline for loan repayment by the company. In a statement here, the Essel Group said that its lenders have extended “complete support” to the
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