Wipro's first expatriate CEO Thierry Delaporte to take charge from July 6
Delaporte, 53, formerly the COO at French tech player Capgemini, will replace Abidali Neemuchwala, who bid adieu to Wipro on June 1 Tech services and […]
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Carlyle to acquire about 25% stake in Airtel’s Nxtra Data
This will peg the enterprise valuation of Nxtra at USD 1.2 billion The Carlyle Group will acquire about 25% stake in Airtel’s data centre business, […]
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About 26,000 employees at risk of losing jobs, says Lufthansa
The airline’s union offers to take a cut in pay of up to 45%, in return to job security Lufthansa admitted on Wednesday that the […]
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Mercedes-Benz to introduce 10 new models in 2020, unveils two AMG models at ₹1.33 crore & ₹2.48 crore
These two are the additions to the Mercedes-AMG portfolio in India. Despite the tough economic condition arising out of the COVID-19 pandemic, German luxury […]
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Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector
Stating that the sector contributes substantially to the country’s GDP and has backward and forward linkages with almost 250 industries, CREDAI said, “Our survival, therefore, […]
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Vedanta gets nod to delist
Proposal will now be put to shareholder vote; shares drop The board of directors of Vedanta Ltd. on Monday approved a proposal to delist the […]
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Merchandise exports drop over 60%
With global trade stalling on COVID-19, shipments nosedive in April With the global trade coming to a near halt due to the COVID-19 pandemic, India’s […]
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Occidental posts loss on $1.4 billion charges, cuts budget again
Mnuchin: No bailout for oil companies Treasury Secretary Steven Mnuchin says there will be no financial aid package for the oil companies amid the coronavirus […]
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Airbus says virus aviation crisis still at 'early stage'
Airbus reported 481 million euros ($515 million) in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to […]
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Café Coffee Day: Siddhartha Hegde’s wife Malavika may take over as CMD
Malavika Hegde, the wife of billionaire coffee entrepreneur V.G. Siddhartha Hegde, who died under mysterious circumstances in Mangaluru, may be appointed as chairperson & managing […]
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How to check the portfolio quality of debt funds
Investors must carefully sieve MFs’ websites to ensure safety of investments In troubled times, it is important to look at the quality of the portfolio […]
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Firms bet on strict hygiene, Aarogya Setu app as they look to resume production
Sanitisation tunnels, temperature checks, masks along with a long list of dos and don’ts will be the new norm at manufacturing plants. Sanitisation tunnels, temperature […]
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Fuel sales slump 50% in April; petrol down 64%, diesel 61%, ATF 94%
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21% […]
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IOC plans to double LPG imports as demand rises
Delivers over 3.38 cr. cylinders in 15 days Indian Oil Corporation (IOCL) plans to double its LPG imports amidst rising demand for cooking gas in […]
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Uber partners with Flipkart to deliver everyday essentials in Mumbai, Bengaluru and Delhi
Uber will not charge any commission, enabling drivers to keep 100% of the billed amount After bigbasket and Spencer’s Retail, ride-hailing Uber has now partnered […]
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Acreage Holdings Temporarily Furloughs 122 Workers; Terminates Acquisition
New York-based cannabis company Acreage Holdings Inc. has temporarily furloughed 122 employees, terminated its acquisition of Nevada-based Deep Roots Medical LLC, and announced other cost-cutting […]
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India coronavirus lockdown | Delivery issues add to woes for homebound
Firms worried over safety of agents. Many e-commerce firms were forced to suspend deliveries to their customers in major cities across the country on Wednesday […]
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Microsoft will get out of coronavirus crisis ‘pretty strong’: Nadella
He said the company’s cloud infrastructure and services have been holding up under increased demand. Asserting that Microsoft is financially strong despite the challenges posed […]
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Yes Bank: prime properties in Delhi, Mumbai under ED scanner
Agency starts process to attach assets of Kapoor family The Enforcement Directorate has started the process for attaching over a dozen properties in the posh […]
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Moody’s downgrades Yes Bank’s ratings
‘The ratings remain under review, with the direction uncertain,’ Moody’s said, downgrading Yes Bank Ltd’s long-term foreign currency issuer rating to Caa3 from B2 Moody’s […]
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