Firms/companies
Infosys net profit rises 10.3 per cent in Q2 FY19
16 Oct 2018
Revenues for fiscal second quarter of FY19 grew 17.3 per cent year-on-year to Rs20,609 crore while revenue in dollar terms increased 3.2 per cent over the previous quarter to $2,921 million
Visa, Mastercard, Amex let RBI’s data localisation deadline pass
16 Oct 2018
While 60 of the 75 payment service providers have complied with the RBI directive, companies like Mastercard, Visa and American Express, who still dominate the payment ecosystem, think RBI will adjust to their requirements
Pakistan seeks IMF bailout from CPEC debts
15 Oct 2018
Pakistan's finance minister Asad Umar who met MF managing director Christine Lagarde at the IMF summit in Bali, said Pakistan’s current year debt repayments are about $9 billion and that Pakistan is ready to share details of CPEC debt with the IMF
First Train 18 to run on Delhi-Bhopal-Habibganj route in January
15 Oct 2018
Habibganj will also usher in the public private partnership model for development of railway stations, with the Bansal Group and ISRDC partnering in the Rs450-crore project that will spent Rs100 crore on station redevelopment and Rs350 crore on commercial development
Google India FY18 turnover up 29% at Rs9,338 cr
12 Oct 2018
TCS Q2 net zooms 22.6% to Rs7,901 cr
12 Oct 2018
Aided mainly by continued depreciation of the Indian rupee, TCS also reported a 20.7% increase in quarterly revenues to Rs36,854 cr
AirAsia India appoints Tata Steel’s Sunil Bhaskaran as new CEO
11 Oct 2018
Tata Sons, the holding company of the Tata Group, will also buy out the 2 per cent stake held by Tata veterans S Ramadorai and R Venkataramanan, retaining 51 per cent stake in the airline JV
SBI to nearly double its NBFC exposure to Rs45,000 cr
10 Oct 2018
SBI, which had initially planned NBFC portfolio purchases for Rs15,000 crore during the current year, now plans to buy an additional portfolio in the range of Rs20,000-30,000 crore
IMF credits PM Modi’s reforms for India’s high growth
09 Oct 2018
IMF said important reforms implemented in recent years, including the Goods and Services Tax, the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business, would lead to a higher growth path
Qualcomm to set up $400 million campus in Hyderabad
08 Oct 2018
Work on the first phase of Qualcomm's Hyderabad campus, which involves construction of a built-up space of 1.7 million sq ft, with the capacity to house around 10,000 employees, is expected to start some time in 2019
RBI keeps policy repo rate unchanged at 6.5% amidst rupee fall
05 Oct 2018
In fact, RBI had noted some liquidity mismatch as the daily net average surplus of Rs20,100 crore during early August moved into deficit during end-August and then into a surplus during early September before moving into a deficit during end-September, which prompted the RBI to inject Rs20,000 crore of durable liquidity through bond purchases
Sandeep Bakhshi is new MD & CEO of ICICI Bank, Chanda Kochhar quits
04 Oct 2018
Chanda Kochhar, who has been facing an external enquiry against her in the Videocon loan matter, sought an early exit from the position, ICICI Bank said
Elon Musk ousted as Tesla chairman, asked to pay $20 m fine
01 Oct 2018
As part of the settlement of an SEC lawsuit, Musk will neither admit nor deny the allegations, but will resign as Tesla chairman and pay $20-mn fine with Tesla also paying a similar fine
SEC sues Elon Musk for fraud, seeks his ouster as Tesla chief
28 Sep 2018
In its lawsuit, the US regulator said Musk calculated the $420 price per share, at a 20 per cent premium over that day’s closing share price and that the number’s slang reference to marijuana and hints in emails and text messages pointed that it was only intended to impress his girlfriend
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation