corporate news

Silicon Valley firm fined for paying 8 Indian workers Rs 75 an hour

Eight Indians from Bangalore were made to put in as much as 120 hours a week and not paid mandatory overtime, by a California firm. (Reuters)

A company in California has been caught paying eight Indian employees as low as $1.21 per hour.

Back home in Punjab, families wary and in touchIndian employers rank stress No.1 lifestyle risk factor: Survey
Despite recovery in market conditions and sentiment, this festive season has failed to bring in cheers to the real estate (Reuters)
Festive season fails to bring cheers for real estate
Despite recovery in market conditions and sentiment, this festive season has failed to bring in chee...

Google Inc commits to $1 billion in long-term office leases

Google did not say where office buildings were located in its disclosure with SEC.

Tesco chairman resigns as profits error deepens

The chairman of Britain's biggest retailer Tesco resigned as the troubled...

Malls see small hit from e-tail in long run but brace for short term

Online retail in India is attracting higher share of customers' wallet by offering products at disco...

Amazon shopping, Jet Airways booking now easy via RuPay

After Flipkart, home-grown payments gateway RuPay has tied up with Amazon...
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Now get Smirnoff in pre-mixed formats
The country's largest spirits marketer Diageo, which sells the Smirnoff Vodka...
Microsoft Corporation sales beat Street hopes; cloud, mobile devices lift business
Microsoft CEO Satya Nadella's push to embrace cloud and diversify into mobile devices helps lift sal...
Asian Paints Q2 net at Rs 347 cr on good sales
On the back of its sales performance, FMCG company Asian Paints on Wednesday reported...
In India's e-commerce market dominated by Flipkart, Amazon, Snapdeal, no discounting others
The big three of e-commerce - Flipkart, Amazon and Snapdeal...
If MNCs make early inroads, they will keep market share: Sunil Abraham, CIS
The recent visits of the high-profile CEOs of internet/technology companies have made it clear that ...
Maruti Suzuki to launch new Alto K10 next month
With an eye on reviving growth in its bread and butter mini car segment, the country's largest car.....
Biocon Q2 net flat at Rs 102 crore
Biocon on Wednesday reported a flat net profit at Rs 102 crore — failing to meet Street...
Confident that clinical trials climate will improve in next six months: Kiran Mazumdar-Shaw, Biocon
With its biopharma business impacted by multiple factors, Biocon is now stepping up...
Wipro fails to meet Street expectations
Posts profit of R2,084 crore; 0.9% sequential dip in rupee terms.
Hero MotoCorp, Honda register massive sales on Dhanteras, cross 2-lakh mark
Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) raked in massive sales on Dhanteras...
Biocon Q2 net flat at Rs 102 crore
Consolidated total income of Biocon rose to Rs 757.59 crore for the quarter.
Ecommerce enabler KartRocket secures near $2-mn funding from Nirvana, 500 Startups
Ecommerce enabler for SMEs and retailers, Kartrocket, today announced a...
Nissan to recall over 22,000 Micra, Sunny cars in India
The company will start recalling the vehicles in coming, Nissan official says.
Nissan rolls out new premium version Evalia
Nissan today rolled out a new premium version of its utility vehicle, Evalia ...
Wipro quarterly profit up 7.9 pct; Oct-Dec sales expected at $1.77-1.81 bn
IT services firm Wipro today reported a 7.9 per cent growth in consolidated net profit...
High chance of mobile phone theft among young workers must worry companies: report
Oracle research highlights 71% of young workers are accessing work application on personal mobile de...
HCL Technologies bagged multi-million dollar IT deal from De Beers
Country's fourth largest software services firm HCL Technologies has bagged a multi-million dollar I...
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