To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
The company's revenue rose 16.08 per cent to Rs 25,668 crore.
Ashok Leyland's debt increased to Rs 5,500 crore as of June, from Rs 4,300 crore at the end of the March quarter, mainly due to higher working capital.
Plans another $1-billion fund, wants to expand core team in India.
Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighbourhood kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 -crore deal. "All of us at Reliance and Jio are delighted to welcome Facebook Inc," he said in a short video message posted on the group's social media handles.
The company is also looking to invest in Indian start-ups.
In its latest transition, the company will also double up as an investment vehicle.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
Sequoia Capital might emerge as leading global investor in start-up space in the country, as funds from other sources dry up.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
The P-75 index, a subset of BSE 500 stocks, has severely underperformed the broader market across time horizons
One of the reasons for the failure, say industry experts and financial analysts, is that Emami strayed too far from its core with sanitary napkins.
US firms are seeking Indian engineers to work on technologies similar to their global counterparts
With Infosys emerging out of an uncertain phase, the new management, led by CEO & MD Salil Parekh, is trying to catch up with market leaders, with the new strategy in place.
The project will house 3,000 residential units across 10 towers in the first phase on a 20-acre land parcel that Raymond owns in Thane
ITC will also launch paneer shortly and is also working on cheese and Tetra Pak milk
For the June quarter, sales for DLF were down 25 per cent at Rs 1,725 crore (Rs 17.25 billion) over the same quarter a year earlier.
Adi Godrej, 75, will become chairman emeritus after leading the company for 17 years as Nisaba, currently executive director of the company, assumes the new role of executive chairperson at Godrej Consumer Products on May 10, 2017.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
According to a survey by community platform LocalCircles, early-stage start-ups, funding dependent start-ups and many small businesses will soon be fighting for survival as the spurt in coronavirus cases hits them hard.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
RCap had proprietary investment book of Rs 2,000 crore (Rs 20 billion) as on end-March and owns stake in a host of companies.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
Valued at $5 billion, Byju's has seen growth sky rocket in the last two years on the back of mega VC top-ups.
With Rs 67,550 cr, Reliance leads investors' pack to Vibrant Gujarat.
Homegrown private equity major ChrysCapital on Thursday announced closure of its fifth fund worth $1.25 billion (about Rs 5,000 crore), taking up its total asset under management to $2.25 billion.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
He would not be part of the day-to-day activities of L&T in his non-executive role. He would, however, be there at important company events.
If you want to invest in mutual funds, but don't want your investment to dip below market returns, then you must know the difference between 'active' and 'passive' investing.
The resources come from a commitment by Google's founders to devote approximately 1 per cent of the company's equity plus 1 per cent of annual profits to philanthropy, as well as employee time.
PepsiCo Chairman and CEO Indra Nooyi hoped that whosoever comes to power after the next elections will manage the country well so that India clocks a consistent 7-8 per cent economic growth.
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
