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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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 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.
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 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 has said it is looking to raise Rs 215 crore through issue of non-convertible debentures on private placement basis.
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 are set to outperform their Chinese peers despite the country's infrastructure bottlenecks, according to a report by S&P Global Ratings.
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.
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.
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.