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Online hotel aggregator OYO has said it has cut losses to an estimated Rs 325 crore in FY17.Business
OYO expands international footprint with Saudi Arabia foray

The company plans to create jobs for over 5,000 Saudi citizens by 2020.

20 Feb 2019 5:43 PM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.Business
TCS recognised as a global top employer

TCS is guiding many of the world's leading brands through their Business 4.0 transformation journeys.

20 Feb 2019 5:19 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.Business
SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as...

The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.

20 Feb 2019 4:20 PM IST

Reliance Communications (RCom) on Friday said that it was in advanced talks with Ericsson to resolve commercial issues to exit the bankruptcy proceedings.Business
Saudi Aramco in talks with Reliance for joint investment in petchem,...

The Saudi national oil company along with its partner UAE's Adnoc has taken a 50 per cent stake.

20 Feb 2019 2:42 PM IST

net loss was Rs 70.8 crore in Q3 of 2018-19 compared to Rs 72.1 crore in the year-on-year period. (Photo: ANI)Business
Varun Beverages reports revenue of Rs 804 crore in Q3 FY19

Its total expenses also moved up to Rs 904 crore from Rs 661 crore in the same period.

20 Feb 2019 2:11 PM IST

It pledged to pay a 3.21 pence total dividence and unveiled a 1.75 billion pound (USD 2.28 billion) share buyback, which would still leave the banks core capital ratio - a key measure of financial strength - at 13.9 per cent. (Photo: Twitter)Business
Lloyds Bank brushes off Brexit fears with bumper dividend, buyback...

Lloyds bank made 1 billion pounds of strategic investment in digitising its business and bulking up its wealth...

20 Feb 2019 1:48 PM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.Business
Ericsson starts deploying 5G-ready telecom equipment on Voda Idea...

VIL has plans to invest Rs 20,000 crore in network expansion over the next 15 years.

20 Feb 2019 1:33 PM IST

Nasscom president R. Chandrashekhar claimed that top five IT companies hired additional 50,000 people between January to March in 2017.Business
Nasscom ends annual growth forecast

Last year also, the association had first delayed the announcement in February .

20 Feb 2019 1:20 PM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
Disclosure of Nil Divergence as per regulatory norms: Yes Bank

The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018.

20 Feb 2019 1:11 PM IST

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.Business
IL&FS crisis: ED raids multiple locations after filing PMLA case

IL&FS is sitting on a debt pile of about Rs 91,000 crore.

20 Feb 2019 1:11 PM IST

Reliance Group Chairman, Anil Ambani (Photo: File)Business
Reliance Group stocks under pressure; tank up to 10.3 pc on SC move

Apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks.

20 Feb 2019 12:54 PM IST

The Vivanta by Taj Hotel in Cuffe Parade.Business
Taj enters homestay segment with Ama Trails, Stays label

The largest hotel chain claimed that this is the first branded product in the homestay market in the country.

20 Feb 2019 12:41 PM IST

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