Companies News

Microsoft workers ask Nadella to scrap US Army HoloLens contract

Microsoft workers ask Nadella to scrap US Army HoloLens contract

A group of Microsoft workers has written a letter to CEO Satya Nadella and President Brad Smith, asking them to cancel a controversial contract with the US Army.

Feb 23, 2019, 10:22 AM IST
Twitter co-founder Evan Williams steps down from board to 'ride off into the sunset'

Twitter co-founder Evan Williams steps down from board to 'ride off into the sunset'

Twitter Inc co-founder Evan Williams will step down as the board member by the end of February 2019.

Feb 23, 2019, 07:06 AM IST
JioSaavn only Indian company to make it to '50 Most Innovative Companies' list

JioSaavn only Indian company to make it to '50 Most Innovative Companies' list

It secured the first rank India-wise and 28th rank globally in the 2019 list of '50 Most Innovative Companies'.

Feb 22, 2019, 19:24 PM IST
ICICI Bank-Videocon loan case: CBI issues lookout notice against Chanda Kochhar

ICICI Bank-Videocon loan case: CBI issues lookout notice against Chanda Kochhar

Chanda Kochchar is under the scanner for her role in alleged irregularities in ICICI Bank-Videocon loan case.

Feb 22, 2019, 12:53 PM IST
Alibaba CEO rules out layoffs this year

Alibaba CEO rules out layoffs this year

In November, Alibaba cut its full-year revenue forecast to between 375 billion yuan and 383 billion yuan ($54.4 bln-$55.6 bln), marking a 4-6 percent decrease from its initial target.

Feb 22, 2019, 12:02 PM IST
ZEE5 and Dialog announce a strategic partnership to bring the largest bouquet of premium regional content to Sri Lanka

ZEE5 and Dialog announce a strategic partnership to bring the largest bouquet of premium regional content to Sri Lanka

Dialog customers will be able to access ZEE5 Originals.

Feb 21, 2019, 16:35 PM IST
Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs

Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs

The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Feb 20, 2019, 17:57 PM IST
Disclosure of Nil Divergence as per regulatory norms: Yes Bank

Disclosure of Nil Divergence as per regulatory norms: Yes Bank

The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018.

Feb 20, 2019, 13:10 PM IST
Supreme Court asks Anil Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term

Supreme Court asks Anil Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company.

Feb 20, 2019, 10:45 AM IST
TCS partners Nanoheal to provide self-healing device management solutions

TCS partners Nanoheal to provide self-healing device management solutions

The Nanoheal platform provides smart, simple, hands-off tools to automate nearly 90 percent of workspace management operations.

Feb 19, 2019, 18:13 PM IST
IndianOil denies Aadhaar data leak claims by French researcher

IndianOil denies Aadhaar data leak claims by French researcher

Indane is a LPG brand owned by the Indian Oil Corporation (IndianOil).

Feb 19, 2019, 18:06 PM IST
ABB wins Rs 270 crore train technologies order for Indian Railways

ABB wins Rs 270 crore train technologies order for Indian Railways

ABB’s traction solution is based on the latest technology to bring more reliable trains to passengers.

Feb 19, 2019, 16:51 PM IST
Sachin Bansal invests Rs 650 crore in Ola

Sachin Bansal invests Rs 650 crore in Ola

Bansal, last year left Flipkart after the US retail giant Walmart picked up 77 percent stake in the e-commerce company for USD 16 billion.

Feb 19, 2019, 14:52 PM IST
Govt relaxes norms, investment limit for angel tax concession to startups

Govt relaxes norms, investment limit for angel tax concession to startups

Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.

Feb 19, 2019, 13:33 PM IST
63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

Chidambaram was finance minister when the NSEL crisis came to light in late 2013.

Feb 19, 2019, 10:14 AM IST
Ambuja Cement posts net profit of Rs 1,378 cr for December quarter

Ambuja Cement posts net profit of Rs 1,378 cr for December quarter

Its profit after tax includes write-back of tax provisions related to earlier years amounting to Rs 873 crore, the company said.

Feb 19, 2019, 10:13 AM IST
SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

Feb 19, 2019, 10:11 AM IST
Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore

Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore

The stake sale proceeds will be used to pare promoter debt, which was used in creation of assets like cement and solar power, among others, it added.

Feb 19, 2019, 10:10 AM IST
Yes Bank shares pare most of early losses, end 2.5% lower

Yes Bank shares pare most of early losses, end 2.5% lower

The company's shares closed 2.54 percent lower at Rs 213.15 on BSE. During the day, it plunged 8 percent to Rs 201.

Feb 18, 2019, 18:25 PM IST
Reliance Group shares in demand; zoom up to 11.3%

Reliance Group shares in demand; zoom up to 11.3%

Under the pact, the Group will pay the principal and interest amounts to the lenders as per the scheduled due dates.

Feb 18, 2019, 18:23 PM IST