With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
IT majr Wipro needs stability at the top deck, say industry watchers.
Sikka's regret over lack of strategic talk with clients hints at larger problem
Rising protectionist policies followed under Trump administration has prompted all IT services players to hire more locals in onsite geographies, especially in US.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
Will Infy spring a surprise in subdued second quarter?
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
'His working style differs from his father as he is a quick decision-maker.'
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
The company attributed the cut in guidance to the macroeconomic uncertainties.
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Barring oil and gas, all BSE sectoral indices finished in the green.
Students will have more H1Bs to count on after they graduate.
Accenture has its largest employee base in India with close to three lakh people.
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
With the lockdown in force, live online teaching has become the order of the day, report Peerzada Abrar and Sai Ishwar.
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
Of these, three stocks belong to the automobile pack and two are from the pharma.
It is not that platforms and products are something that Infosys has not tried earlier.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over $100 billion Indian IT industry.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
