Former Infosys’ chief Vishal Sikka raises $50 million for his AI startup Vian Systems

Infosys' former chief executive Vishal Sikka has raised $50 million for its California-based artificial intelligence startup Vian Systems, according to regulatory filings with the US Securities and Exchange Commission.
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Amul’s milk price hike was 2 years in making; MD Sodhi explains why milk has to get costlier

The indications for milk price increase were already there before Amul announced the hike.

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Decoded: Is Huawei a Trump bargaining chip?

If Huawei picks up the slack itself, or hands work over to local suppliers, new jobs will be created for local workers

Industry News

Vodafone now giving over 547GB 4G data, free calls with new offer: How to avail

Vodafone prepaid customers can avail a new offer that provides 1.5GB data per day for 365 days

Industry News

Amazon to soon have its own presence on Internet with ‘.amazon’ domain

"ACTO and the Amazon corporation have been unable to come to a mutually acceptable solution or agree on an extension of time for continued discussions," ICANN said.

Amazon, amazon domain, ICANN, US company, AMAZON applications, Amazon forest, ecommerce, latest updates on amazon News

US airline group sees record summer travel, despite Boeing’s 737 MAX grounding

Airlines are adding 111,000 seats daily to accommodate the extra 93,000 passengers expected per day, the group said, in what it forecast will be the 10th consecutive summer of increases in the number

Boeing, Boeing 737 MAX, Boeing 737 MAX grounding, US airline group, Airlines for America, US airlines, MAX groundings News

Fall in housing finance companies’ loan growth can have spillover effects

The deceleration in loan disbursements by housing finance companies (HFCs) could have a spillover impact on both retail home loan borrowers and property developers, according to India Ratings and Rese

The housing finance sector has been facing challenges, which have led to contraction in spreads, a rise in funding cost and an increased spotlight on their asset-liability mismatches. (Representational image) News

Huawei founder Ren Zhengfei says US underestimates company

The move could have dramatic implications for Huawei smartphone users, as the telecoms giant will no longer have access to Google's proprietary services -- which include the Gmail and Google Maps apps

Huawei founder, Ren Zhengfei, Donald Trump,  5G technology, Google, Google Maps apps, United States, latest huawei News

Worry over slippages: Private banks’ provisions rise 13% in FY19

Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gros

The value of provisions made by the 16 private sector banks that have so far reported their March quarter results stood at Rs 54,447 crore in FY19 News

Lenders seek bids for Coastal Energen with more than Rs 7,000 crore in debt

The State Bank of India (SBI)-led consortium of lenders to Coastal Energen, which owes them Rs 8,176 crore, on Monday sought bids for the stressed power plant from companies, funds and private equity

Lenders seek bids for Coastal Energen with more than Rs 7,000 crore in debt News

Amul hikes milk prices by Rs 2 per litre

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the brand name Amul, on Monday decided to hike milk prices by Rs 2 per litre of all six brands being sold

Amul hikes milk prices by Rs 2 per litre News

Everyone loves a comeback, and Audi will be back: Rahil Ansari, head, Audi India | Interview

After having lost its pole position in the Indian market, German luxury carmaker Audi has carved out its growth strategy to maintain profitability.

Rahil Ansari, head, Audi India News

SC seeks IL&FS Fin Services ex-director’s response on pleas by govt, IL&FS

The Supreme Court on Monday sought response from IL&FS Financial Services’ former vice-president and director Hari Shankaran on the pleas by the government and Infrastructure Leasing and Financial S

At present, IL&FS group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. News

Flash Electronics sues Royal Enfield in US for patent violation

As per the complaint, Royal Enfield had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and

The complaint has been filed against Royal Enfield and its arm Royal Enfield North America. News

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore

Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore News

Essar Steel case: Will pay Rs 42k crore for the takeover, ArcelorMittal tells NCLAT

Only for accounting purposes, we say Rs 2,500 crore as working capital. It is an accounting thing,” senior counsel Harish Salve, appearing on behalf of ArcelorMittal, said.

The company also accused the former promoters of Essar Steel — the Ruias — of creating hurdles in the resolution process of the bankrupt steelmaker News

Reliance Industries overtakes Indian Oil to become largest company by revenue

The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company

While the net revenue of RIL surged by 44.8% in FY19 to Rs 5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to Rs 5.28 lakh crore — Rs 38,986 crore less than that of RIL, Bloomberg data show News

Runwal Group, Warburg Pincus form JV for retail mall platform

Runwal group on Monday signed a joint venture deal with an affiliate of global private equity firm Warburg Pincus to launch a retail mall platform across tier 1, tier 2 and tier 3 cities in India.

This investment would mark the first mall asset being backed by Warburg in India. News

HPCL net jumps 70% on inventory gains and rupee appreciation

The net profit of the oil marketing company for the quarter under review stood at Rs 2,970 crore against Rs 1,748 crore in the same period a year ago.

The oil marketing company's inventory gain was `916 crore during Q4 of FY19 compared with Rs 157 crore a year ago News

Black money law: Govt moves SC against stay on proceedings against Khaitan

Khaitan argued that the amendment to Section 1(3) to state that the Act would come into force from July 1, 2015, instead of April 1, 2016, was done in exercise of power under Section 86 of the Act.

Black money, Black money law, supreme court, Khaitan,Black Money Act, industry news

WhatsApp, Skype regulatory framework: Trai decision within a month

With the growth of data, OTTs have become partners of telecom operators and therefore, even the telcos are not supporting tough regulations or charging of licence fees etc. but there should be some ki

WhatsApp, Skype, regulatory framework, TRAI, over-the-top, industry news

With IPL finally over, brands line up for the next big thing – ICC World Cup 2019

According to sources, ICC globally has roped in around 20 brands as commercial partners for the World Cup, including some Indian brands like Bira91, Royal Stag, MRF Tyres and Britannia, whereas offici

ICC World Cup 2019, cricket world cup 2019, Brands line, world cup Brands line, general elections, general elections 2019, indian general elections, sports news

Jaypee infratech insolvency: Adani Group bid turned down by CoC

AIDPL is a wholly-owned subsidiary of Adani Properties, which, in turn, is held by the Adani family. It is engaged in real estate and is the holding firm for various real estate special purpose vehicl

Adani Group, Jaypee Infratech, committee of creditors, Adani Infrastructure and Developers’, industry news

Tata Motors Q4 net dips 49% to Rs 1,109 crore; expects tepid demand

The meeting came days after Pakistan Army announced that it would deploy another division-size special force to protect Chinese nationals and projects under the China-Pakistan Economic Corridor.

Tata Motors Q4 Result News
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