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  Business   Companies  07 Jun 2017

Business, Companies, 07 Jun 2017

SBI says 'future ready' with transaction speed of 15,000 per sec

Merger will have a ripple effect on the liability franchise as well as the asset portfolio.

07 Jun 2017 7:51 PM

Reliance Group plans MF unit IPO; may get Rs 20,000 cr valuation

Company would soon initiate the process to appoint merchant bankers, lawyers and auditors to manage its IPO.

07 Jun 2017 7:28 PM

Idea to decide on MD Himanshu Kapania's pay on June 30

The AGM will confirm the waiver of the recovery of the excess remuneration paid to Himanshu Kapania, MD of the company in 2016-17.

07 Jun 2017 7:05 PM

Committed to 6.5-8.5 pc revenue growth: Infosys COO

Infosys said it will hire about 10,000 locals in the US over the next two years and set up four technology and innovation hubs.

07 Jun 2017 6:57 PM

Xiaomi estimates 25 per cent sales via off-line model

Right now, Xiaomi's sales are 10 per cent (off-line) and 90 per cent online.

07 Jun 2017 6:50 PM

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RCom disagrees with Moody's and Fitch ratings

RCom said the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

07 Jun 2017 6:19 PM

Trai to meet telcos next week on sector's financial stress

Key demands of the industry including reduction of licence fee and spectrum charges have already been favoured by the Trai.

07 Jun 2017 5:44 PM

Future group to consider divestment option

The company said its board has given in-principle approval for considering various divestment options.

07 Jun 2017 5:22 PM

Yes Bank gets green signal to raise Rs 20,000 cr

The statement comes a day after the bank's AGM which also approved to raise the total borrowing limit to Rs 70,000 crore.

07 Jun 2017 1:59 PM

JLR sales rise 1 per cent in May to 45,487 units

Land Rover saw sales of 31,874 vehicles in May, down 7.1 per cent compared to May 2016.

07 Jun 2017 1:17 PM

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Top Indian IT companies sharply cut Reliance on H-1Bs

Companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to the previous year.

07 Jun 2017 12:37 PM

Unichem Lab gets EIR from USFDA

Unichem's formulations manufacturing facility at Ghaziabad received an EIR from the USFDA indicating the closure of the inspection.

07 Jun 2017 12:07 PM

Rating agencies downgrade Reliance communication rating

Fitch and Moody's today downgraded credit rating on account of its fragile liquidity position.

07 Jun 2017 11:07 AM

Uber in damage control mode, fires 20

Uber fires 20 and hires an Apple marketing executive in a bid to alter its tainted image.

07 Jun 2017 10:41 AM

Paytm boss Vijay Shekhar Sharma to build Rs 82 cr home

Sharma has already paid a substantial amount for signing an MoU for a 60,000 sq ft plot in Luyen's zone.

07 Jun 2017 10:19 AM

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Lenovo expects uptick in demand for PCs in enterprise space

The sale is driven by increased buying by government agencies and small businesses looking to comply with GST norms.

07 Jun 2017 9:09 AM

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