The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
Things don't seem to be good at low fare carrier SpiceJet's office. In past few months, its top rung officers have resigned over differences in opinion with the management.
He quit following an investigation into a relationship between him and a female executive of the company.
People move from investment banking to growth equity or from venture capital to growth equity or entrepreneurship, depending on what's attractive at different points of life.
The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. Its revenues are at $2:7 billion.
'Abid Neemuchwala has demonstrated a deep understanding of technology, business vision, sound judgment, and an innate ability to bring people together.'
There were no evidence of any kickbacks, inappropriate contracting or unreasonable expenses
Pai sought to look at the issue of founders raising questions as shareholder activism.
Pai said more and more people -- whether they are employees, or investors or others -- are coming to the conclusion that this Board has to go and a new one has to come.
Fuelled by healthy growth, financial solutions major, i-flex Solutions Ltd, on Thursday said it has targeted doubling the headcount to around 10,000 by end of the current financial year.
Pfizer Ltd has said that its US parent company has nominated Kewal Handa as managing director of the company.
The goverment was keeping a watch on inflation, which has to remain below 5 per cent, said Economic Affairs secretary Rakesh Mohan in reference to the recent surge in international crude oil prices.
Cisco, which employs about 73,000 people worldwide, has warned against a 'challenging macro environment'
Myntra CEO Ananth Narayanan, who was earlier against the merger of the two fashion e-tail companies, is learnt to be meeting each Jabong employee one-to-one.
Infosys aims to achieve an aspirational goal of $20 billion in topline by 2020.
Accenture -- considered as one of the top-most employers in India among the global technology services companies -- is believed to have over 150,000 workers in India, next to IBM.
The Board of Control for Cricket in India president Anurag Thakur, on Saturday, sought to justify its rejection of some of the major recommendations of Supreme Court-appointed Lodha Committee, saying that "it is upto the members of the Board to accept or reject them".
Infosys chief Vishal Sikka took home an annual salary package of $7.45 million (about Rs 48.73 crore) for the 2015-16 financial year.
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
Flipkart, Jabong-Myntra and PhonePe will operate under this group structure and their CEOs will report to Binny
Former finance head Bansal, who left Infosys in 2015, has gone for arbitration over severance pay
In a bonanza to its shareholders, country's third largest IT firm Wipro on Thursday said it will buyback up to four crore shares worth around Rs 2,500 crore (Rs 25 billion).
The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.
In signs of sluggishness in the labour market, hiring activities declined in May as employers remained cautious tracking macro economic conditions.
The route to that target is clear in Sikka's mind.
Larsen & Toubro Ltd will shortly file with the Bombay Stock Exchange its plans for a trust scheme for its employees to pick up 15 per cent stake of Grasim Industries Ltd.
There are also talks of branded garments being put under the luxury tax slab, which could be higher than 18 per cent.
The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year.
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