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Infosys board approves hike in COO Pravin Rao's salary

Infosys on Thursday said its board has approved pay hike of its Chief Operating Officer U B Pravin Rao.

Infosys seeks shareholder nod to amend Articles of Association Infosys seeks shareholder nod to amend Articles of Association

Infosys has sought shareholders' approval to change the company's Articles of Association, which may include a provision for buyback.

Freedom 251 phone: Ringing Bells MD Mohit Goel detained for 'fraud' Freedom 251 phone: Ringing Bells MD Mohit Goel detained for 'fraud'

Goel has been detained after owner of Ghaziabad-based Ayam Enterprises filed an FIR yesterday alleging that Ringing Bells "defrauded" it of Rs 16 lakh.

UK's Laura Ashley to set foot on India via Future Retail deal

UK's home furnishing brand Laura Ashley will enter India through a licensing deal with the Kishore Biyani-led Future Retail.

Five associate banks to merge with State Bank of India from April 1 Five associate banks to merge with State Bank of India from April 1

The five associate banks are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.

'Acquiring Telenor will raise Bharti revenue market share by 2%' 'Acquiring Telenor will raise Bharti revenue market share by 2%'

Acquisition of Telenor's business will increase Bharti Airtel's revenue market share by two percentage points to 35 percent and will add up to USD 60 million to its pre-tax profits, international ratings agency Fitch said.

Ghosn to step down as Nissan CEO;Saikawa to take over from April Ghosn to step down as Nissan CEO;Saikawa to take over from April

Japan's second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of CEO to Hiroto Saikawa, a company veteran.

Finance Ministry seeks applications for post of MDs at IIFCL, IFCI Finance Ministry seeks applications for post of MDs at IIFCL, IFCI

The Finance Ministry has invited applications of eligible candidates for the post of Managing Directors at India Infrastructure Finance Company Ltd (IIFCL), and IFCI.

MobiKwik to invest Rs 300 crore for business growth MobiKwik to invest Rs 300 crore for business growth

Mobile wallet major MobiKwik on Thursday announced an investment of Rs 300 crore for expansion aimed at growing its user base from current 50 million to 150 million in 2017.

Bharti Airtel-Telenor deal: Key things you should know Bharti Airtel-Telenor deal: Key things you should know

Bharti Airtel is buying Norwegian Telenor`s India unit driven by upstart rival Jio`s disruptive pricing. The deal involves many strategic angles. 

Bharti Airtel to acquire Telenor India as rival Jio spurs consolidation Bharti Airtel to acquire Telenor India as rival Jio spurs consolidation

Bharti Airtel, India`s top telecoms network operator, is buying Norwegian Telenor`s India unit, in yet another consolidation move in the country`s telecoms sector driven by upstart rival Jio`s disruptive pricing.

 

Tata Motors mulls raising Rs 500 crore via NCDs Tata Motors mulls raising Rs 500 crore via NCDs

Tata Motors on Thursday said its Board will meet next week to consider raising Rs 500 crore through private placement of non-convertible debentures (NCDs).

Bharti Airtel, Telenor tie-up to bolster additional spectrum network Bharti Airtel, Telenor tie-up to bolster additional spectrum network

Bharti Airtel, Telenor tie-up to bolster additional spectrum network

 Company 'made mistakes' in its mobile phone product strategy in India: LG Company 'made mistakes' in its mobile phone product strategy in India: LG

Making a strong statement, the head of electronics major LG in India said that the company went ahead with a wrong strategy which led to its poor performance in the country.

 

Have become a political football between two major Indian political parties as evident in election speeches: Vijay Mallya Have become a political football between two major Indian political parties as evident in election speeches: Vijay Mallya

Vijay Mallya, the beleaguered liquor baron who co-owns the Force India Formula One team, said on Wednesday that Indian authorities had no grounds to extradite him from Britain and he would not be leaving.

Vijay Mallya appears in UK for launch of F1 car Vijay Mallya appears in UK for launch of F1 car

Fugitive Mallya has been on the radar of the Indian agencies for a long time now and the government has been in talks with the UK government for his extradition over charges of multi-crore loan default by a consortium of Indian banks.

Air India, SpiceJet give massive discounts on tickets; price starts at Rs 777 Air India, SpiceJet give massive discounts on tickets; price starts at Rs 777

While Air India is giving one ticket free for every booking in First Class and Business Class, SpiceJet would be offering tickets priced as low as Rs 777 on select routes.

Snapdeal founders take 100% salary cut Snapdeal founders take 100% salary cut

Snapdeal co-founders Kunal Bahl and Rohit Bansal have taken a 100 percent salary cut, while many others at the firm have "proactively" offered significant reduction in compensation.

 Fashion-etailer Myntra to now manage Mango business; curate 25 retail stores Fashion-etailer Myntra to now manage Mango business; curate 25 retail stores

Fashion e-tailer Myntra on Wednesday said it has bagged a master distribution and management rights for Spanish fashion brand Mango in India.

 

India Inc to see 9.5% salary hike this year India Inc to see 9.5% salary hike this year

Employees in India are expected to get an average salary hike of just 9.5 percent this year, lower than last year, while top performers will get lucrative hikes as companies are focusing on performance.