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 Cognizant Q2 net dips 40% to $252.4 million on higher tax provision Cognizant Q2 net dips 40% to $252.4 million on higher tax provision

US-based IT services major Cognizant saw its net profit dipping sharply by 40 percent in the June quarter at USD 252.4 million (around Rs 1,600 crore) on higher provisioning for income taxes.

Reliance Jio to have 1 million recharge outlets to prepare for 4G launch Reliance Jio to have 1 million recharge outlets to prepare for 4G launch

In order to prepare for the launch of its 4G services in the coming months, Reliance Jio Infocomm is setting up 500,000 activation outlets and close to a million recharge outlets.

Mukesh Ambani keeps salary capped at Rs 15 crore for 8th year Mukesh Ambani keeps salary capped at Rs 15 crore for 8th year

Reliance Industries' Chairman and Managing Director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the eighth year in a row even as the remuneration of all executive directors on firm's board rose.

Kingfisher House auction fails again; no bidder turns up Kingfisher House auction fails again; no bidder turns up

The auction of Kingfisher House proved a damp squib yet again Thursday as no bidder turned up for the erstwhile headquarters of Vijay Mallya-led group's long- grounded airline at a reduced reserve price of Rs 135 crore.

GST to boost GDP by 2%, attract foreign investors: Industry GST to boost GDP by 2%, attract foreign investors: Industry

Buoyed by the passage of the GST Bill in Rajya Sabha, industry leaders Thursday said the roll out of the indirect tax reform will lure more foreign investors to India, improve the country's manufacturing competitiveness and boost economic growth by nearly 2 percent.

Mallya cheque-bouncing case posted to September 2 Mallya cheque-bouncing case posted to September 2

A court here on Thursday posted to September 2, the two cheque bounce cases filed against beleaguered businessman Vijay Mallya by GMR Hyderabad International Airport Ltd.

Passing of GST bill an extremely progressive step: Walmart Passing of GST bill an extremely progressive step: Walmart

Hailing the passage of GST Bill in Rajya Sabha as an extremely progressive step, Walmart India said creating a single market in India for goods and services will boost the country's economy significantly, help retail sector in a big way.

India Inc hails passage of GST Bill in Rajya Sabha India Inc hails passage of GST Bill in Rajya Sabha

Cheering the passage of the GST Bill in Rajya Sabha, India Inc Wednesday said roll out of the much-awaited indirect tax reform will contribute significantly to the growth of the economy and bring down the overall cost of goods and services.

Bidders remain elusive for Kingfisher House; auction may fail Bidders remain elusive for Kingfisher House; auction may fail

The proposed auction of Kingfisher House, the erstwhile headquarters of Vijay Mallya-led group's long-grounded airline, may prove to be a damp squib yet again tomorrow as bidders have remained elusive even at a reduced reserve price of Rs 135 crore.

Supreme Court extends Subrata Roy's parole; asks him to deposit Rs 300 crore Supreme Court extends Subrata Roy's parole; asks him to deposit Rs 300 crore

In a new relief for Subrata Roy, the Supreme Court on Wednesday extended his parole to September 16 however directed him to pay Rs 300 crore by then if he wants to continue to stay out of jail.

Online recruitment activity up 19% in July: Survey Online recruitment activity up 19% in July: Survey

Online recruitment activity registered a year-on-year growth of 19 percent in July, and a 2 percent jump from the previous month, and this uptick was primarily led by IT and education sectors, says a survey.

HCL Tech Q1 net up 15% at Rs 2,047 cr; FY17 guidance at 12-14% HCL Tech Q1 net up 15% at Rs 2,047 cr; FY17 guidance at 12-14%

HCL Technologies, the country's fourth largest IT firm, saw its June quarter consolidated net profit rise by 14.8 percent to Rs 2,047 crore on account of broad-based growth across service offerings, while it expects 12-14 percent revenue growth in the ongoing fiscal.

India's biggest tax reform GST looms, many companies unprepared India's biggest tax reform GST looms, many companies unprepared

Throughout years of political gridlock, the risk that India might pass its biggest tax reform since independence appeared reassuringly remote for many businesses.

India Inc looks forward to GST becoming a reality India Inc looks forward to GST becoming a reality

India Inc on Tuesday said it is looking forward to introduction of the much-awaited Goods & Services Tax (GST), saying it would be a very significant step in the field of indirect tax reforms in India.

Piramal Enterprises to raise Rs 215 cr via NCDs

Piramal Enterprises has said it is looking to raise Rs 215 crore through issue of non-convertible debentures on private placement basis.

CAG red-flags $1.6 bn excess cost recovery by RIL CAG red-flags $1.6 bn excess cost recovery by RIL

Government auditor CAG has red- flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.

India's top 200 companies outperform their Chinese peers India's top 200 companies outperform their Chinese peers

India's top 200 companies are set to outperform their Chinese peers despite the country's infrastructure bottlenecks, according to a report by S&P Global Ratings.

IndiGo reports around 7.4% decline in net profit IndiGo reports around 7.4% decline in net profit

InterGlobe Aviation Ltd, which owns budget carrier IndiGo, on Monday reported around 7.4 percent decline in net profit at Rs 591.77 crore for the second quarter ended June saying it was due to competitive ticket pricing.

Tata-DoCoMo deal: Finance Ministry rejects RBI plea for FEMA exemption Tata-DoCoMo deal: Finance Ministry rejects RBI plea for FEMA exemption

Rejecting RBI plea for exempting Tata-DoCoMo deal from foreign exchange Act, the Finance Ministry has said the two firms had entered into a share buyback contract in contravention of prevalent law and the case will now have to be legally settled.

Licence raj replaced by time-consuming approval raj: Biocon CMD Licence raj replaced by time-consuming approval raj: Biocon CMD

India may have created a competitive market by abolishing licence raj, but it has been replaced by an equally time-consuming "approval raj" fraught with potential corruption, Biocon CMD Kiran Mazumdar-Shaw has said.