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The combined entity Birlasoft Limited is a mid-tier USD 500 million (approximately Rs 3,478.88 crore) company listed on the Indian bourses, the company said in a statement.

Birlasoft completes merger with KPIT's IT services division

The integration would enable the company to deliver a wider suite of capabilities, said Amita Birla, Chairperson,...

12 March 2019 1:49 PM IST

$\The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced,\ Godfrey Phillips India said in a regulatory filing.$ Business

Godfrey Phillips says it is in complete compliance with India's FDI...

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

12 March 2019 12:42 PM IST

The current rise in fund raising through the IPO route is expected to last as long as the upswing in secondary market continues.

Business

State-run MSTC plans to raise Rs 226 crore through initial public...

The company has fixed the price band of Rs 121-128, and has proposed to offload 1.76 crore shares or 25 per cent of...

12 March 2019 12:26 PM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.

Business

Ctrl-Alt-Stall: India's engineers struggle for work as jobs crisis...

India's unemployment rate rose to 7.2 per cent last month, up from 5.9 per cent in February 2018.

12 March 2019 11:34 AM IST

China also grounded its fleet of the Boeing 737 MAX 8. (Photo:AP)

Business

Only pilots with 1,000 flying hours for Boeing 737 MAX planes: DGCA

Currently SpiceJet and Jet Airways own and fly a number of Boeing 737 MAX aeroplanes in India.

12 March 2019 11:28 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Business

Bharti Airtel to slash direct stake in Infratel

Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

12 March 2019 10:44 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Business

Sensex soars over 300 points, Nifty above 11,250

The 50-share NSE Nifty climbed 86.65 points, or 0.78 per cent, to 11,254.70.

12 March 2019 9:59 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

Rupee furthers gains by 25 paise in early trade

At Interbank Foreign Exchange, rupee opened at 69.73 against US dollar and advanced to 69.64.

12 March 2019 9:57 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 March 2019 9:22 AM IST

Nissan said it plans to bring the device to other countries eventually and install it in 30 per cent of the 40 million Nissan vehicles that are on the roads at present.

Business

In shadow of Ghosn, Nissan, Renault and Mitsubishi meet to hash out...

Nissan holds a 15 per cent, non-voting stake in Renault, whose top shareholder is the French government.

12 March 2019 9:16 AM IST

The truck is an electric vehicle built from lightweight composite materials.

Business

Govt notifies phased import duty hike on electric PV parts,...

Basic import duty on battery packs used in manufacturing EV will also be increased to 15 pc from the current 5 pc from...

12 March 2019 8:57 AM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

Business

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden...

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 March 2019 8:53 AM IST