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Business

Tata Steel confirms job cuts of up to 3,000 across European operations

London: Tata Steel has confirmed cuts of up to 3,000 jobs across its European operations as part of a wider restructuring and cost-cutting strategy to counter stagnant steel demand in Europe and global overcapacity.

 


IT companies may shed 30,000-40,000 mid-level staff: TV Mohandas Pai

Bengaluru: India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said Monday.

 


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10 arrested in inter-state drug racket; narcotics worth Rs 4 crore seized


Rupee hits all-time low for second time in a week


Ajit Pawar's death in plane crash an accident, don't bring politics: Sharad Pawar


Domestic help held for stealing cash, jewellery from US couple's house in B'luru


Chartered Speed, EKA Mobility to deploy 1,750 electric buses in Bengaluru


Rohit identifies Arshdeep, Hardik as key to India's chances in T20 World Cup


Building castle in the air: SC irked over non-compliance of orders by states in stray dog case


'Ajit dada' made big contributions in development of Maharashtra, India: PM Modi




Mobile call, data to cost more from December as Vodafone Idea, Airtel hike rates

New Delhi: Telecom operator Bharti Airtel on Monday said it will start raising rates for services in December to make business viable.

 

Anil Ambani resigns as Reliance Communications director

New Delhi: Anil Ambani has resigned from his position as director of Reliance Communications, along with four others, even as the bankrupt carriers nears the sale of its assets under the process of insolvency.

 

AGR hit: Vodafone Idea Q2 loss at Rs 50,921 crore

New Delhi: Hit hard by the unpaid statutory dues, telecom operator Vodafone Idea on Thursday posted a colossal Rs 50,921 crore loss for the second quarter ended September 30, and said it is in the process of filing a review petition on the adjusted gross revenue matter.

 

Infosys shares plunge nearly 17%; m-cap drops by Rs 53,451 crore on whistleblower complaint

New Delhi: Shares of IT services firm Infosys on Tuesday plummeted nearly 17 per cent, wiping Rs 53,451 crore from its market valuation, on concerns over a whistleblower complaint which alleged that two top executives of the company were indulging in unethical practices to increase short-term revenue and profits.

 

Infosys plunges 16% on whistleblower complaint

 IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits.

'Brutally unfair' that system can't protect common man's savings, says HDFC chairman Deepak Parekh

Mumbai: Amid the crisis at Punjab & Maharashtra Cooperative Bank (PMC), HDFC chairman said it is "brutally unfair" we have regular loan waivers and corporate loan write-offs but no financial system to protect the common man's savings.

 

Ambani tops for 12th year in a row, Adani jumps 8 places to second spot: Forbes

New Delhi: The past year has proved challenging for the India's ''wealth creators'' as Forbes' 2019 list of business tycoons saw their total wealth dropping by 8 per cent.

 

Industrial production shrinks by 1.1 pc in August; poorest performance in 7 years

New Delhi: Signs of slowdown became more pronounced as the government data on Friday revealed factory output shrank by 1.1 per cent in August, recording the poorest performance in seven years due to a sharp decline in production of capital goods and consumer durable.

 

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