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Nandan Nilekani steps in to soothe Infosys investors

Nandan Nilekani steps in to soothe Infosys investors

🕔13:35, 22.Oct 2019

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)

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RIL’s Q2 net profit at record Rs 11,262 cr

RIL’s Q2 net profit at record Rs 11,262 cr

🕔07:26, 19.Oct 2019

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

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Jio adds 84.45 lakh new users in August

Jio adds 84.45 lakh new users in August

🕔07:25, 19.Oct 2019

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

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Volvo launches its first electric car XC40 Recharge

Volvo launches its first electric car XC40 Recharge

🕔18:02, 17.Oct 2019

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

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Wipro net rises by 35%, revenue up by 4% in Q2

Wipro net rises by 35%, revenue up by 4% in Q2

🕔19:41, 15.Oct 2019

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

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JSW Group repays Rs 1,200 cr loan by releasing pledged shares

JSW Group repays Rs 1,200 cr loan by releasing pledged shares

🕔19:25, 15.Oct 2019

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

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Nokia partners with Wipro to develop 5G ecosystem in India

Nokia partners with Wipro to develop 5G ecosystem in India

🕔19:24, 15.Oct 2019

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

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Air India Saga: new EoI for divestment likely by November

Air India Saga: new EoI for divestment likely by November

🕔07:51, 15.Oct 2019

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

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Issues with oil companies to be resolved early: Air India

Issues with oil companies to be resolved early: Air India

🕔06:51, 14.Oct 2019

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

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Infosys net profit slips 2.2%, revenue up in Q2

Infosys net profit slips 2.2%, revenue up in Q2

🕔09:39, 12.Oct 2019

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,

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TCS Q2 net profit at Rs 8,042 cr up 2%

TCS Q2 net profit at Rs 8,042 cr up 2%

🕔11:02, 11.Oct 2019

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

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Hopeful India will make independent decision on 5G: Huawei

Hopeful India will make independent decision on 5G: Huawei

🕔17:25, 10.Oct 2019

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

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Jio’s no more free, Airtel & Vodafone-Idea to make a call

Jio’s no more free, Airtel & Vodafone-Idea to make a call

🕔09:23, 10.Oct 2019

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

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Amazon, Flipkart sales generate Rs 19,000 cr in 6 days

Amazon, Flipkart sales generate Rs 19,000 cr in 6 days

🕔06:38, 9.Oct 2019

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

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Samsung heir in India, likely to meet Modi, Mukesh Ambani

Samsung heir in India, likely to meet Modi, Mukesh Ambani

🕔07:11, 8.Oct 2019

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

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India could be among world’s largest EV markets: Report

India could be among world’s largest EV markets: Report

🕔15:15, 3.Oct 2019

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

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GoAir adds 12 flights, services to start from Oct 5

GoAir adds 12 flights, services to start from Oct 5

🕔09:58, 2.Oct 2019

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

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Maruti Suzuki launches mini-SUV S-Presso

Maruti Suzuki launches mini-SUV S-Presso

🕔14:27, 30.Sep 2019

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

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Infosys wins UN global climate action award

Infosys wins UN global climate action award

🕔08:02, 27.Sep 2019

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

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Essel Group’s lenders extend debt repayment timeline

Essel Group’s lenders extend debt repayment timeline

🕔12:19, 26.Sep 2019

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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