Reliance Infrastructure (RInfra) on Thursday said it has been awarded a compensation worth Rs 2,950 crore by an arbitral tribunal against Delhi Metro Rail Corporation.
Axis Bank MD and CEO Shikha Sharma today welcomed changes in NPA resolution as moves that will "force" decisions by cutting layers, and also said the bank is looking for one more life insurance distribution tie-up.
Bucking the trend, lobal software major Tata Consultancy Services (TCS) has ruled out laying-off employees in the near future and instead plans to create more jobs.
Nexus and Snapdeal founders have agreed to the terms of payment with SoftBank wherein Snapdeal founders would get $15 million each and Nexus would get $50 million to $60 million.
The Big 10 sale, which is different from the flagship The Big Billion Days sale, will be held between May 14 and 18 to mark completion of 10 years of Flipkart's operations.
Happiest Minds was on the lookout for acquisitions in the IoT domain to expand revenues.
IT firm HCL Technologies on Thursday posted over 27 percent rise in net profit at Rs 2,475.27 crore for the quarter ended March 2017 compared to the year- ago period.
The Telangana Labour Department has called a meeting on Thursday with officials of Cognizant and representatives of employees, who claim they have been sacked from the US-based IT firm.
After Infosys and Wipro, it's now IT firm Tech Mahindra that could hand out pink slips to hundreds of employees as it looks to "weed out bottom performers".
Bharti Airtel on Wednesday hoped that the government panel constituted to examine the sector's financial stress would take a "prudent view" of the industry's demands, including deferred payment for spectrum.
The extradition of liquor baron Vijay Mallya, who owes a consortium of Indian banks over Rs 8,000 crore in unpaid loans, is likely to take six to nine months more, a CBI official said on Wednesday.
Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday reported an over six-fold jump in its consolidated net profit at Rs 1,514 crore for the fourth quarter to March, aided by the sale of its sports business.
The transfer of USD 40 million Vijay Mallya had received from British firm Diageo to his three children reflected the beleaguered businessman's intent to put the funds beyond the reach of the courts, the Supreme Court has said.
Infosys plans to soon "fire" an unspecified number of its techies for "non-performance", over a week after announcing on May 2 that it would hire 10,000 Americans in the US, said the global software major on Wednesday.
Tata Motors on Wednesday reported over 9 percent decline in global sales in April at 73,691 units, including that of Jaguar Land Rover (JLR) vehicles.
India had recently asked Britain to ensure early extradition of Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.
Persian Gulf carrier Qatar Airways has lowered its business class fares by up to 50 percent for its flights to America, Europe and Africa from India via its Doha hub.
US tech giant Oracle on Wednesday said it will set up a data centre in India to expand its cloud services here over the next 6-9 months.
While Twitter does not give country-specific user numbers, it counts India among its top five audience markets globally.