Category: BUSINESS

BUSINESS
flipkart2
AXE 700 JOBS TO TRIM…..

Largest e-commerce player in India Flipkart, is sacking at least 700 employees or over three per cent of its workforce, as it looks to cut cost to compete with rivals like Amazon and Snapdeal. Flipkart is asking “under-performing” employees to either resign or face the prospect of being sacked, sources said. The number of employees […]

BUSINESS
Mic
MICROSOFT LAYOFF 2850 JOBS…

Totally $7.6 billion Nokia experiment amid growing losses in the smartphone hardware business segment, Microsoft has announced to lay off an additional 2,850 workers to the previously 1,850 jobs it said it would cut. In a regulatory filing, the tech giant said it will cut 4,700 jobs globally by the end of fiscal year 2017. […]

BUSINESS
Profit-and-Loss
NET FALLS IN Q-1 DUE TO….

This bank had registered a net profit of Rs 301.98 crore in the corresponding April-June quarter of the previous fiscal. State-owned Syndicate Bank has posted a net profit of Rs 79.13 crore for the first quarter ended June 30, 2016The results are not comparable on account of exceptional write-off. “Previous quarter results are not comparable […]

BUSINESS
share-market
NIFTY AT 15-MONTH HIGH….

Today surged for the second straight session on sustained foreign fund inflows and July derivatives expiry. Both the markets witnessed persistent buying by investors as the Cabinet on Wednesday cleared changes in the GST Constitutional Amendment bill. Improvement in corporate earnings also further boosted the market sentiment. Indicating a nearly one-year high level, Sensex added […]

BUSINESS
yesbank
FIFTH LARGEST GETS GREAT APPROVAL…

Country’s fifth-largest private sector bank, has received an in-principle approval from the Securities and Exchange Board of India (Sebi) to sponsor a mutual fund, and to set up an asset management company (AMC) and a trustee company. The AMC and trust company will be set up as fully-owned subsidiaries of Yes Bank Limited. “This is […]

BUSINESS
Yamaha
YAMAHA RESEARCH CENTRE OPENS AT…

Yamaha second research centre was opened.Yamaha Motor Research & Development India Private Limited (YMRI), a wholly-owned subsidiary of Japanese motorcycle maker Yamaha Motor Co Limited, opened its second research and development (R&D) centre in India. The new centre is located in the premises of Yamaha Motor’s plant in Kanchipuram district of Tamil Nadu. An investment […]

BUSINESS
Transformer over orange sky
1,040-MW POWER PROJECT IN ….

Hinduja Group, has commissioned its 1,040-MW power project at Palavalasa village in Visakhapatnam district of Andhra Pradesh. The project, set up with an investment of $1.25 billion, financed by a mix of debt and equity, has 2×520 MW coal-based thermal generation units. The project has 100 per cent normative coal allocation from Coal India Limited’s […]

BUSINESS
LARGEST CRAFT
WORLD LARGEST AIRCRAFT….

The world’s second largest economy has unveiled its customized amphibious aircraft the AG600. The State-owned Aviation Industry Corporation of China (AVIC) has unveiled new plane in southern port city of Zhuhai. Being the size of a Boeing 737, the AG600 is the world’s largest amphibious place. Before the AG600, the largest amphibious cast was the […]

BUSINESS
NOKIA1
COMEBACK WITH TWO SMARTPHONES…

Nokia is all set to make a smartphone comeback with two new Android 7.0 Nougat devices by the end of this year, a media report said on Saturday. The two unnamed devices will have premium metal designs complete with IP68 certification, which means they will be as water resistant as Samsung’s Galaxy S7, The Inquirer […]

BUSINESS
I-20
HYUNDAI i20 SALES CROSS 10-LAKH UNITS….

Hyundai i20 has crossed sales milestone of 10 lakh units in domestic as well as international markets. i20 was launched in India in 2008. “Reaching this historic mark is a testament to Hyundai i20’s staying power and the global appeal of a vehicle that delivers sporty design, functionality and class-leading performance”. the i20 company also […]

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