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RInfra wins Rs 2,950-crore arbitration award against DMRC RInfra wins Rs 2,950-crore arbitration award against DMRC

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.

NPA norms welcome, will force decisions: Axis' Shikha Sharma

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.

TCS rules out laying-off employees in the near future; instead plans to create more jobs TCS rules out laying-off employees in the near future; instead plans to create more jobs

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.

Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart

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.

Flipkart expects five-fold growth in transactions during 'Big 10' sale Flipkart expects five-fold growth in transactions during 'Big 10' sale

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 acquires Cupola Technology

Happiest Minds was on the lookout for acquisitions in the IoT domain to expand revenues.

HCL Tech Q4 Net rises 27% at Rs 2,475.27 crore

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.

Telangana govt to meet Cognizant officials over layoffs

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, now Tech Mahindra looks to lay off hundreds on 'performance' ground After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

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".

Industry under stress; hope govt takes 'prudent view': Airtel

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.

'Viajay Mallya's extradition to take 6 to 9 months more' 'Viajay Mallya's extradition to take 6 to 9 months more'

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.

ZEEL Q4 net grows 6-fold to Rs 1,514 crore, Ten Sports sale helps ZEEL Q4 net grows 6-fold to Rs 1,514 crore, Ten Sports sale helps

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.

Vijay Mallya transferred money to put it out of court's reach: Supreme Court Vijay Mallya transferred money to put it out of court's reach: Supreme Court

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 to 'fire' many techies for 'non-performance' Infosys to 'fire' many techies for 'non-performance'

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 global sales decline 9% in April Tata Motors global sales decline 9% in April

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.

SC directs Home Ministry to ensure Mallya's presence on July 10 SC directs Home Ministry to ensure Mallya's presence on July 10

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.

Qatar Airways offers 50% discount to transit passengers in biz class

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.

Oracle to set up data centre in India soon

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.

Twitter elevates Taranjeet Singh as Country Director for India Twitter elevates Taranjeet Singh as Country Director for India

While Twitter does not give country-specific user numbers, it counts India among its top five audience markets globally.

GCPL's new chairperson Nisaba Godrej: All you want to know about her GCPL's new chairperson Nisaba Godrej: All you want to know about her

Nisaba, also called Nisa is currently Executive Director of Godrej Consumer Products.