Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
SFIO is looking into the role of Grant Thornton LLP which had valued the brand.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
Flipkart's model is a money guzzler
The first phase of integration is already over
With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities.
IT services firm Cognizant on Wednesday posted 12.9 per cent increase in net profit to $420.1 million for the second quarter this year, revising revenue growth guidance to 20.1 per cent for the fiscal.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Rejig likely every few years to make company flexible to the changing needs of business
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
Accordingly, 12 affiliated units -- Andhra, Assam, Goa, Jharkhand, Kerala, Mumbai, Rajasthan, Railways, Tripura, Universities, Uttar Pradesh, Vidarbha -- have submitted their suggestions to the amicus curiae and they have reached a common ground.
HCL Technologies on Tuesday reported a 3.6% increase in net profit at Rs 1,683 crore (Rs 16.83 billion) for the quarter ended March 31, 2015.
Already facing an exodus of top management, Infosys is also struggling to retain talent at mid and junior levels, with 1,823 people leaving the firm in the October-December quarter.
The members approved the recommendation of the BCCI's affiliation committee to grant full member status to Chhattisgarh State Cricket Sangh, which will be part of Central Zone for all BCCI tournaments.
'Merely keeping low price may help in the lower segment initially but people have become much more aware and careful about their health and it will eventually determine value for money.'
US-based outsourcing firm iGate on Wednesday said its net profit declined 89.6 per cent to $3.1 million for the quarter ended June 30, 2014 hit by a one-time charge related to a debt settlement.
Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2
Hiring activities witnessed a moderate increase of 3 per cent in September with most of the sectors showing positive recruitment trends after a dip in the index the previous month, according to job portal Naukri.com said.
There's a long way to go before human beings are replaced by machines -- in banks at least.
In his first media interaction after taking over as the president of the Board of Control for Cricket in India, Anurag Thakur on Sunday made it clear that the BCCI is not running away from implementing the recommendations suggested by the Supreme Court-appointed Justice Lodha Committee, however, he clarified that it is not possible to implement all the changes. He gave reference to the one particular recommendation which says that no advertisements should be shown between overs during a live match on television, which he believes will affect the revenues of the BCCI and in turn affect everyone connected to the Board including the former, current and future players. "If you look at the reports, IPL is the fastest growing league in the world, which in itself is a great achievement for the BCCI. They have worked well, the franchises have contributed. If you look at the other side of it, where do you get the major revenues from? It is from the home series. And your revenue comes from where? It is from the advertisements," Thakur said.
A key prosecution witness in a case arising out of the 2G scam probe on Tuesday claimed that he was threatened by the Central Bureau of Investigation that he would lose his job if investigating officer writes to his employer.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
The 58-year-old businessman, who is also the son-in-law of former Karnataka Chief Minister SM Krishna, has been missing since Monday evening from Mangaluru.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
Describing Murthy as a business icon, T V Mohandas Pai, former CFO of Infosys, said he is more than eminently suited to hold the position of Chairman Emeritus.
The 10 accused in the case include prime accused Satyam Computers founder and former chairman B Ramalinga Raju, his brother and Satyam's former MD B Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V S Prabhakar Gupta.
DRL launched four new products in North America during the previous quarter.
Gopinathan is aware of the challenges and opportunities that lie ahead.
Reliance Industries has doubled the average life of its debt to around 7.5 years.
iGate has been hit with another sexual harassment suit by an ex-employee.
