Companies News - The Hindu

Wipro posts 7.2 per cent rise in Q2 net profit

PTI Consolidated net profit of India's 3rd largest software services firm is Rs 2,235.4 crore

People walk in and out of a HDFC bank branch File Photo: Reuters

Mobile banking will overtake net banking: HDFC

PTI The bank reported 17.46 lakh mobile transactions worth over Rs. 5,686 crore, making it the market leader in the segment.

With new features, BlackBerry refocusses itself

B. Pradeep Nair While enterprise is at the core, consumer gets more attention

President & CEO of Automobili Lamborghini Stephan Winkelmann poses with a car during the inauguration of the company's showroom in Bengaluru.

Lamborghini bets big on Indian market

Pradeesh Chandran CEO of Lamborghini talks about India as an emerging market and the road ahead for the company.

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International players eye India’s solar mission

Kwality Milk expands product line, eyes export

Britannia wants 50% sales from rural markets

Mahindras, MSTC form joint venture

HDFC Life, Max Life boards approve merger

Hero MotoCorp posts Rs.883 crore net in Q1

IBM’s Supercomputer helps doctors to fight cancer

Watson Supercomputer gets hidden insights from 15 million pages of medical content, including more than 200 medical textbooks. The computer combines Artificial Intelligence and analytical software to perform as a question answering machine.

Rolls-Royce to focus on South India for growth

British carmaker Rolls-Royce Motor Cars Ltd. has identified South India as a growth area for increasing the sales of its luxury cars, according to a

Google executive quits self-driving car project

Chris Urmson, who was instrumental in building Google’s self-driving car project, said on Friday he is leaving the team after seven-and-a-half years.

Wipro posts 7.2 per cent rise in Q2 net profit

Consolidated net profit of India's 3rd largest software services firm is Rs 2,235.4 crore

Mobile banking will overtake net banking: HDFC

The bank reported 17.46 lakh mobile transactions worth over Rs. 5,686 crore, making it the market leader in the segment.

Govt. considering cap on maximum economy air fare

Government is considering capping economy air fares at Rs. 20,000 to check airlines from charging “exorbitant” fares or unleashing predatory pricing,

Cabinet approves easing FDI norms for medical devices sector

The Union Cabinet on Wednesday approved liberalising Foreign Direct Investment (FDI) policy for the cash—starved medical devices sector. The proposal

Lamborghini bets big on Indian market

CEO of Lamborghini talks about India as an emerging market and the road ahead for the company.

With new features, BlackBerry refocusses itself

While enterprise is at the core, consumer gets more attention

FIEO award for Canara Bank

Canara Bank has been conferred the annual Niryat Bandhu silver trophy among banks for its export-related services, according to an official statement.

Flipkart founders invest in Chennai start-up

Flipkart founders Sachin Bansal and Binny Bansal has invested around $1 million in Chennai-based start-up, Ather. The company incubated at the

Air travellers' body questions ‘non-existent’ low fare offers

Apex air travellers’ association, Air Passengers Association of India (APAI) on Sunday questioned the frequent “special fare” offers by domestic

Hero MotoCorp to invest Rs. 5,000 crore to raise global production capacity

The country’s biggest two-wheeler maker Hero MotoCorp’s on Monday said it has earmarked an investment of Rs. 5,000 crore to build new manufacturing

IT Secretary lashes out at Cisco

Karnataka’s IT Secretary Srivatsa Krishna lashed out at Cisco and asked them to get smart city solutions that will work in real India, not sell

Bajaj Auto motorcycle sales marginally up in August

Bajaj Auto on Tuesday reported 8 per cent increase in total sales in August at 3,36,840 units as against 3,12,188 units in the same month last year.

5 Indian firms among Forbes’ most innovative companies

Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes’ list of the world’s 100 most innovative

Oil marketing companies to get Rs. 11,000 crore subsidy in Q1

Government will pay fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) Rs. 11,000 crore in

Income Tax sleuths raid five firms of Birla group

The Mumbai wing of the Income Tax Department is carrying out searches at five companies of the Yash Birla group. The raids are being conducted at 15

Oil PSUs source all dollar needs from market, says RBI

The Reserve Bank on Monday said state run oil refiners have returned to the foreign exchange market to meet all their dollar requirements as

BlackBerry ‘pauses’ global rollout of BBM for Android, iOS

Smartphone maker BlackBerry has paused the global roll out of instant messaging service BlackBerry Messenger (BBM) on rival Android and iPhones,

BlackBerry to cut 4,500 jobs in face of $1 billion Q2 loss

It was once so addictive it inspired the nickname “CrackBerry.” President Barack Obama confessed to being among the millions of devotees who couldn’t

BT says goodbye to dial-up Internet

British telecom giant BT has called off its dial-up Internet access service as the vast majority of its 6.8 million broadband customers have switched

Network 18 to massively ‘downsize staff, cut costs’

Hundreds of employees of the Network 18 group – one of the country’s leading broadcasters, which owns CNN-IBN, IBN 7, and CNBC-TV 18 among other

CBI opens probe into firms defaulting on public sector bank loans

These business houses secured huge loans from the banks after the 2008 financial crisis, but either defaulted or escaped by restructuring the loans

AirAsia may shift India base to Kochi

Kuala Lumpur-based low cost airline AirAsia is exploring the possibility of shifting its operational base in India from Chennai to Kochi. If

Mercedes Benz to come up with traffic alert system

Mercedes Benz is all set to introduce a technology that would enable communication between two cars and also between the driver and the manufacturer,

Shell to resume Niger oil spill compensation talks

Oil company Shell will resume talks next week in London with lawyers representing 15,000 of the poorest people in the world who are claiming millions

MCA begins inspection of companies in railway bribery case

The Ministry of Corporate Affairs has ordered an inquiry into the accounts and regulatory filings of about 100 companies alleged to be linked to

Panel probing Walmart lobbying submits report

A committee looking into U.S. giant Walmart’s lobbying activities to enter India submitted its report to Corporate Affairs Minister Sachin Pilot on

Resolution authority on cards to deal with financial distress: RBI

The Reserve Bank on Thursday said that a proposal is afoot to set up a resolution authority to deal with the widespread distress caused by failure of

Posco land acquisition continues

Land acquisition for the proposed Rs. 52,000-crore Posco Steel Plant in Odisha’s Jagatsinghpur district continued for the second day on Tuesday even

Tata Teleservices to surrender excess spectrum

Tata Teleservices, on Wednesday, said it would surrender telecom spectrum beyond 2.5 megahertz (MHz) in all circles barring Delhi and Mumbai in

Immigration reform brings agony and ecstasy

Even as the immigration reform proposal unveiled on Tuesday caused consternation in India over the potential fallout for IT firms, experts here

H-1B fee hike plan rattles IT firms

A framework for comprehensive immigration reform proposed by a group of influential U.S. Senators has sent shockwaves through the Indian business

The Japanese connection

An erstwhile sleepy ancient town, Rajasthan’s Neemrana has metamorphosed into a favourite destination for Japanese investors

Patent row: HC refuses interim relief to Merck

Merck has sought a restraint on Indian firm Glenmark on manufacturing and marketing anti-diabetes drugs Zita and Zita-Met.

Sahara case: SC to give early hearing to SEBI plea

The Supreme Court on Thursday agreed to give an early hearing to SEBI’s plea seeking its permission to detain Sahara Group’s chairman Subrata Roy

Developers given extra time by the Central Government to execute SEZ projects

The Central Government has given more time to 14 special economic zone (SEZ) developers, including Cognizant Technology Solutions and Parsvnath SEZ

Licence extension: Fundamental flaws in DoT’s rejection, says Vodafone

Stating that the company never sought extension of its licences for free, Vodafone India has said rejection by the Department of Telecom (DoT)

BMW unveils new diesel 3-Series sedan

BMW is giving fans of its 3-Series more room and better gas mileage in two important variations of the small luxury sports sedan that it’s rolling out

Starbucks opens ninth store in India

American coffee retail giant Starbucks on Tuesday announced its ninth store in the country, which will be opened in South Delhi. Tata Starbucks Ltd is

SAT to hear on Sahara group attachment on Tuesday

The Securities Appellate Tribunal (SAT) will hold its final hearing on Tuesday on Sahara group chief Subrata Roy’s plea against SEBI’s attachment

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