Page 3500 - Company News

Cognizant set to sack 13,000 as part of '2020 Fit for Growth Plan'

Reduction to be around two per cent of the company's headcount

India tea biz adds flavour to Tata Global's Q2 performance; stock rises 9%

Brokerages revise earnings estimates, valuation multiples upwards

Valued at $1 billion in heyday, ShopClues sold for just about $100 million

After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal

Higher margins, lower credit costs to propel SBI's return on assets by FY21

While the bank believes higher margins and lower credit costs will propel its return on assets by FY21, some analysts expect NPAs may remain elevated

Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%

The company is integrating its offline merchant base with international sellers on a single platform in a bid to take on the competition such as Amazon and Flipkart

Getting employee pyramid right for growth: Cognizant CEO Brian Humphries

Cognizant announced measures including reduction in job count in the coming quarters apart from exiting content moderation business

Bharti Airtel lowers price of broadband plans by 10%, packs in more data

All the 'Airtel Xstrema Fibre' plan will now come with minimum of 100 megabit per second speed in the range of Rs 799 to Rs 3,999 with video entertainment platforms bundled with them

Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

Haldiram Snacks wants Lavasa Corporation split into three entities

Lavasa Corporation was sent for debt resolution last year after the company failed to repay its debt worth Rs 4,150 crore

Yes Bank gets $1.2-bn binding offer from global investor; shares zoom 35%

The bank was said to have been in talks with global technology companies to become a strategic investor in the bank

Apple India logs record sales, re-enters list of top 10 smartphone brands

The maker of popular smart technology products like the iPhone and MacBook has faced stiff competition here, the world's second-largest smartphone market

Centre wants WhatsApp to explain Israeli spyware breach by November 4

It is still not clear which government entity bought the software that has reportedly impacted 1,400 devices globally

After beating Apple in flagship segment, OnePlus flexes its premium muscle

In the narrow turf flagship phones, now OnePlus wants to usurp Apple's halo

IOC profit before tax falls 83% in Sep quarter on higher inventory losses

The company's net profit was Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in 2018-19

Domestic e-tailer ShopClues to merge with Singapore-based Qoo10

ShopClues has 350 employees as of now, and there will be no change in modus operandi for either company

Indian Oil to open retail outlets in Saudi Arabia in JV with Al Jeri

Based on the plans lined up by both companies, at least 200 retail outlets should be set up initially in Saudi Arabia - the first might come up within six months

Jio says Voda Idea, Airtel have enough funds to pay dues, opposes bailout

The company rapped the Cellular Operators' Association of India for writing to the government on financial distress in the sector

Adani, GMR Infra, Fairfax in race to build international airport in Jewar

GMR has right of first refusal if its bid is equal to or less than 10% of the highest

TVS Motor, Bajaj Auto settle decade-old dispute over patent for spark plugs

Both TVS Motor and Bajaj Auto have mutually agreed to withdraw pending proceedings and release each other from all liabilities, claims, demands and actions

WagonR, Santro fare poorly in Global NCAP crash test, score two stars

Both the WagonR and Santro offer only a driver frontal airbag as standard