IT services firm Mindtree Ltd on Friday named former Cognizant executive Debashis Chatterjee as its new managing director and chief executive officer. SN Subrahmanyan, CEO of L&T, will be appointed non-executive vice chairman, the company said.
WeWork Cos. is setting up $6 billion in financing to pursue its global ambitions, but there's an unusual catch: It must first succeed in its initial public offering next month.
Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Thursday said that the amendments to insolvency law will ensure greater timeliness for the resolution process, which has to be completed in 330 days.
ArcelorMittal, the world’s largest steelmaker, revised down its forecast for global steel demand, with a sharper reduction now envisaged in Europe due to a lean automotive market.
London Stock Exchange has agreed to buy financial information firm Refinitiv, the company said on Thursday, in a $27-billion deal that will transform the British group into a market data and analytics giant.
Country's largest car maker Maruti Suzuki India (MSI) on Thursday reported a 33.5 per cent year-on-year decline in total sales at 109,264 units in July. Domestic sales declined by 36.3 per cent at 98,210 units last month.
IT major Cognizant on Thursday posted 11.6 per cent increase in net profit to USD 509 million for June 2019 quarter, and said it expects 3.9-4.9 per cent growth in annual revenue this year.
Bajaj Auto on Thursday reported 5 per cent year-on-year fall in total sales at 381,530 units in July. Domestic sales in July this year were at 2,05,470 units as against 2,37,511 units, down 13 per cent.
Standard Chartered PLC exceeded forecasts with a 3 per cent increase in its first-half profit, but flagged trade tensions and a monetary policy easing cycle as potential risks for the London-headquartered lender.
Supreme Court's recent landmark verdict on the Amrapali case has brought the limelight back to the the Indian realty sector and lakhs of home buyers as numbers of incomplete and stalled housing projects continue to be on the rise creating "ghost cities" by the day.
The US-based fund Invesco Oppenheimer agreed to pick up an additional 11% in Zee Group flagship Zee Entertainment Enterprises (Zee) for Rs 4,224 crore. The equity will be picked up by the Atlanta-based global fund house's Developing Markets Fund, which already owns 7.74% in the company.
Walmart-owned Flipkart on Wednesday launched a new initiative 'Samarth' to bring Indian artisans, weavers and handicrafts makers on its platform.
Blue Dart Express Ltd Wednesday posted a 73.9 per cent drop in consolidated profit to Rs 5.99 crore for the quarter ended on June 30, 2019.
State-owned Indian Oil Corp (IOC) on Wednesday reported a 47 per cent drop in its first quarter net profit after refinery margins slumped.
Kishore Biyani-led Future Retail on Wednesday posted a 4.67 per cent rise in consolidated net profit at Rs 159.24 crore for the quarter ended June.