While the cab aggregators offer incentives as they battle each other for more customers, drivers complain that their earnings have halved in the last six months. Alnoor Peermohamed reports.
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.
Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business
'100 Fayazs will bring a change in Kashmir, that's why they don't want a Fayaz.'
An official spokesperson of Oerlikon Graziano said, "In the domestic market in India, we have good order position, while in Europe and the US, due to the overall recession, things are a little slower. The Graziano management has taken a decision to grow its business in the Indian market."
Aviva Life Insurance has hiked its capital by Rs 77 crore (Rs 770 million) to Rs 320 crore (Rs 3.2 billion) to sustain its business growth in the next fiscal.
'I am very optimistic about Tech Mahindra'.
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The policy will be announced shortly, Minister of State for Communications and IT Milind Deora said on Monday.
Iron ore exporter Sesa Goa said on Friday it would raise Rs 6,000 crore by issuing various securities in domestic and overseas markets for funding its business plans.
"We will keep looking at opportunities in markets where we feel they are growing. India is an interesting and a potential market for us." Versace Wholesale Director Marc Duhm said.
In a controversial move, global private banking major HSBC has closed a number of "risky" accounts belonging to Muslim groups and individuals in the United Kingdom.
Asked about the possible size of acquisitions, GCPL said,"The company is open to deals which are valued up to Rs 1,000 crore."
The expansion in headcount will come across nearly 13 of its business verticals including agriculture and nutrition, construction, automotives, renewable energy, textiles and chemicals.
Besides, it is also exploring the possibility of listing itself in another emerging Asian market China, the banking behemoth said.
The limited edition of the Gran Turismo comes with a 3.01 litres diesel engine and only 100 units of the car will be available.
"I don't think the only solution for us is a bank, though it could be a bank. On the other hand, if the financial system continues to grow at 20-25 per cent, there's no reason why in our current construct, we can't comfortably keep growing at that same pace," says Rajiv Lall, CEO and Managing Director, IDFC.
Bangalore-based Ittiam Systems, which is in the digital signal processing space, is a case in point. Its business model is royalty-driven. It creates intellectual property by way of software and hardware designs, which are used by original equipment manufacturers in areas like mobile internet devices, IP-based networks, video security systems and medical screening.
The increase in prices across model range available in India would range from 3-5 per cent, effective January 1, 2014, the company said in a statement.
Confectionery maker Cadbury, which has agreed to be acquired by US-based Kraft Foods, on Tuesday said India will remain a key market for its business.
"The chief minister's office has not been raided. The raid has nothing to do with Arvind Kejriwal or his tenure. There is a corruption case against an officer of Delhi government. The raid is in relation to that officer. It is the officer (office) that has been searched," Jaitley said in Rajya Sabha.
Over lunch with Jyoti Mukul, Banmali Agrawala, president and CEO, GE South Asia, discusses how GE is transforming itself into a digital industrial company.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Alibaba in talks to invest up to $700 million in Snapdeal
Standard Chartered Bank is contemplating forming a subsidiary for its banking network and is scouting for acquisitions to grow its business in an effort to retain its status as the largest foreign bank in India.
Mobile applications will now take centre-stage as Bharti Airtel grows its business.
The investment bank came to India in 2007 and has so far raised more than $2 billion for Indian companies. Replicating its business model in the US, it now plans to launch broking and distribution services in India.
Media and entertainment company UTV Software on Thursday said it would enter into a strategic partnership with Bloomberg for content sourcing and re-branding its business channel UTVi. From October, UTVi would be re-branded as Bloomberg-UTV, while the UTVi website would also be rebranded as bloombergutv.com, UTV said in a statement. This association will give UTVi complete access to the global feed of Bloomberg TV, a global 24-hour business news channel.
GST will make it easier for governments to spend more, says T C A Srinivasa Raghavan.
Aims to save time in entering infotech retail The MobileStore, the Esaar group's mobile phone retail chain, has announced the acquisition of the operations of Impact Retail Pvt Ltd for an undisclosed amount.
Instability in policy regime makes the business scenario uncertain for both national oil companies and international oil firms, Ernst and Young said in its business risk report. The oil and gas sector has been impacted globally by the economic downturn, which has created new risks for the industry threatening the near-term survival and prospects of a number of oil and gas companies, according to The 2009 Ernst & Young business risk report.
After a year of slow growth, apparel maker and retailer Provogue is reworking its business strategy to boost revenues and prop up margins, a top company executive said.
IGATE's shares closed on Nasdaq on Friday at $45.85.
The Jhelum continues to flow above the danger in south Kashmir as well as in summer capital Srinagar even though it has stopped raining.
Besides a minority stake, the UK and Welsh governments are considering additional grant funding
An investigation by the government into whether Wal-Mart Stores Inc violated local investment rules in 2010 has been referred to the Reserve Bank of India (RBI), officials familiar with the matter said.
In the first part of this long conversation, Johar discusses his kind of cinema, honesty as a filmmaker, and being unfaithful to the Dharma Productions family.
Attributing to people familiar with the situation, The Wall Street Journal said, Twitter Inc is nearing a deal to garner as much as $100 million that would buy the fast-growing Internet-messaging company more time to chalk out its business model.
Deloitte's hiring plans are in sync with technology firms Accenture and Infosys BPO which are also upbeat about their recruitment program for next year.
'Ideally, children should go to a university if they know what they want to gain from it, not because everyone else is going.'
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The case in which the action has been taken was filed in December, but the company said that it had no prior information on it.
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