Corporates
Bhakti Makwana
Tech Mahindra's attrition rate is nearly twice that of TCS
IT company Tech Mahindra has reported a muted September quarter earnings as profit declined marginally by 1%. While talent shortage remains a concern for the e...
Bhakti Makwana
L&T aims to become carbon neutral by 2040 and here's how
The company aims to achieve carbon neutrality by 2040, ahead of the Paris Agreement deadline of 2050. Currently, more than 10% of the total electrici...
Bhakti Makwana
Reliance’s oil-to-chemicals business seems to be in the right spot to leverage China’s climate crackdown
Analysts expect RIL’s oil-to-chemicals business margins to lift in the coming quarters if China sticks to its climate change...
Rounak Jain
Zee-Invesco saga: Punit Goenka speaks up for the first time, asks if corporate governance doesn’t apply to institutional investors
Zee CEO has released an official statement, continuing the Zee-Invesco saga. Goenka has questioned whether co...
Infosys COO Pravin Rao set to retire, company to announce new structure soon
Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal...
Wipro Q2 consolidated profit up by 17% to ₹2,930.6 crore
IT company Wipro posted a 17% jump in consolidated net profit to ₹2,930.6 crore for the quarter ended on September 30, 2021. The company had posted a...
Infosys Q2 profit up 11.9% to ₹5421 crore, raises revenue forecast for FY22
India's second largest IT services company Infosys on Wednesday said its consolidated net profit grew by 11.9% to ₹5,421 cro...
Rounak Jain
Invesco reveals it proposed Zee’s merger with Reliance, suggests that the company left money on the table in Sony merger
In the latest round of back and forth between Zee and its investor Invesco, the latter has revealed that it h...
Bhakti Makwana
Rakesh Jhunjhunwala-backed Akasa Air to fly from summer 2022
Reportedly, Jhunjhunwala has invested ₹247.50 crore in the airline and is expected to own nearly 40% stake in the new airline. Industry veterans Adit...
Bhakti Makwana
Cyrus Mistry's Sterling & Wilson was at the right place at the right time for Mukesh Ambani's green energy ambitions
Shares of Sterling & Wilson Solar surged as much as 17% on Monday as Reliance Industries bought a 40% stake i...
Bhakti Makwana
Tata Sons buys ‘Maharajah’ for $2.39 billion from the Indian government
The salt-to-aviation conglomerate has won the bid to acquire India’s national carrier Air India for ₹18,000 crore. Reportedl...
Bhakti Makwana
TCS has nearly doubled its hiring plan for the year as attrition remains high
Tata Consultancy Services hired 43,000 freshers in the first half of 2021, which is also the highest ever for a six-month pe...
Bhakti Makwana
Adani Green shares jump as the group adds 5 gigawatts of renewable energy capacity with a $3.5 billion deal with Softbank and Bharti Group
Adani Green Energy has acquired SB Energy, a joint venture between Japan-based SoftBank Group Corp and Bharti...
Sriram Iyer,Bhakti Makwana
Paras Defence & Space Technologies makes space cameras and it just made the best listing post-IPO this year
Those who got shares of Paras Defence and Space Tech in the IPO nearly tripled their money within a few minutes of the listi...
Bhakti Makwana
Tata Sons reportedly wins bid to takeover the ‘Maharaja’
The government has reportedly accepted Tata Group’s proposal to acquire debt-laden state run airline Air India. Reports had said that SpiceJet founde...
Bhakti Makwana
Aditya Birla Sun Life AMC IPO likely to open next week with a ₹3,000 crore issue size
Aditya Birla Sun Life AMC is all set to open its IPO next week, said a source aware of the development. The issue size of th...
Bhakti Makwana
TCS, Infosys and Wipro take a lot of heart from Accenture's blockbuster earnings
IT consulting firm Accenture’s total revenue rose about 24% to $13.42 billion in the Q4, FY21, in line with analysts' expect...
Bhakti Makwana
Air conditioner brands Voltas, Blue Star, Havells rally ahead of festive season
Air conditioner manufacturers feel that the drastic change to remote working has brought good demand from the residential sp...
Rounak Jain
Zee-Sony merger: Here’s what Sony is really getting from Zee Entertainment
Zee Entertainment, which has been a target of allegations of corporate governance issues, will merge with Sony Pictures Netw...
Bhakti Makwana
Marriage Story! Zee gets a white knight in Sony
Media company Zee Entertainment announced its merger with Sony Pictures Networks India. Punit Goenka of Zee will continue to hold the top post in the...
Bhakti Makwana
Rakesh Jhunjhunwala-backed Nazara Technologies’ shares up on another acquisition this year
Shares of Nazara Technologies gained today as the company’s subsidiary NODWIN Gaming acquired the gaming and adjacent IP bus...
Airtel challenges telecom department's demand of ₹1,400 crore
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) heard on Thursday Airtel's challenge against DoT's demand of approximately Rs 1,400 cr...
Bhakti Makwana
ITC finally starts rallying, but Twitter can't stop trolling it
Shares of consumer product company ITC surprises investors by rallying 7.5% on Thursday. ITC gained just 8% in 2021 so far, massively underperforming...
Bhakti Makwana
TCS valued at almost $200 billion, closer to US-listed peer Accenture with $216 billion
Shares of one of the top valued companies TCS have rallied 13% in the last month leading it closer to the $199 billion-mark ...
Adani Transmission to invest ₹1,200 crore in Madhya Pradesh project
Adani Transmission Ltd (ATL), Indias largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd.
