TCS brings a strong performance in Q1; net profit rises to ₹8,131 crore

IT major Tata Consultancy Services (TCS), India’s biggest software services company, today started off the earnings season by reporting a 10.8% rise in net profit, aided by a strong performance in its... Read more »

Facebook, Google under I-T supervision for underreporting revenues in India: Report

Google and Facebook have come under scrutiny from the income tax  department over under reporting of revenues from their India operations, as per a report in Business Standard. The two companies aren’t subject to the... Read more »

IndiGo promoter feed escalates, stock tanks 18%

IndiGo promotor Rakesh Gangwal has raised serious corporate governance lapses at the company. In a letter to market regulator SEBI on Tuesday, Gangwal said that even a “paan ki dukaan” (betel shop)... Read more »

Jaguar Land Rover will gauge driver’s mood with its new (AI) technology

Jaguar Land Rover is researching new artificial intelligence (AI) technology to understand our state of mind while driving – and adjust cabin settings to improve driver well-being. The technology uses a driver-facing... Read more »

KONA, Hyundai’s first electric SUV moves its way to India

Hyundai Motor India Ltd., country’s First Smart Mobility Solutions Provider and largest exporter since inception, today launchedIndia’s First Fully Electric SUV- KONA Electric. Hyundai KONA is a true expression of Hyundai’s Advanced Technology... Read more »

Asian equities get cash flows in June, ahead of trade optimism, hopeful US rate cuts

Foreign investors turned net buyers of Asian stocks in June as optimism ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, along with expectations of US interest... Read more »

Govt to stadiums and Railways’ heritage routes for private sector investment: sources

The government could allow private players to invest in stadiums and Indian Railways’ heritage routes, a report by Business Standard said. The move would thus help the government itch closer to the... Read more »

Oil prices smoothen as trade disputes out beat supply concerns

Oil prices dropped on July 9 on taking cues from the latest signs the US-China trade war is dragging on the global economy, although the potential for conflicts in the Middle East... Read more »

Government aims to raise $2.18 billion by slashing stakes in 18 firms to 75%

The government is looking to raise up to Rs 150 billion ($2.18 billion) by reducing its stake in 18 state firms to 75 percent, a finance ministry official involved in the matter... Read more »

FM Nirmala Sitharaman pumps Rs 70,000 crore as additional capital for public sector banks

Finance Minister Nirmala Sitharaman in her Budget speech on July 5 rang it good news for India’s beleaguered state-owned banks, setting aside Rs 70,000 crore that the government will inject as additional... Read more »