Mindtree Posts Q2 Earnings, Profit Surges 57% Year Over Year
For the quarter ended September, Mindtree recorded a net profit of 399 crore, up 16 percent sequentially and 57 percent year over year. The revenue of the mid-cap IT firm…
N Chandrasekaran, The Man Behind Air India Bid: Report
Tata Trusts chairman Ratan Tata has given the credit to chairman of TATA Group N Chandrasekaran. In an email interview to the leading financial daily Economic Times, Tata said, “The…
Infosys Posts Better-Than-Expected Q2 Earnings, Stock Surges As Much As 3%
IT giant Infosys stock opened its intraday at a gain of as much as 3 percent, at Rs 1754, up Rs 44.8 a piece from the last day close to…
India’s Ongoing Vaccination Rate Will Be Helpful For Its Economy, Says IMF
India is performing well when it comes to vaccinating people, which certainly shows support to its economy, a top International Monetary Fund official said on Tuesday as the global financial…
Invesco Tried Facilitating A Potential Deal Between Reliance And Zee, Zee Chooses Sony Over Valuation Concerns
An independent investment management company ‘Invesco’, on Wednesday, revealed that it facilitated talks between Reliance Industries and Zee Entertainment for a potential tie-up earlier this year, and also claimed that…
Tamil Govt Launches Scheme To Melt Gold Offerings In Temples Into Gold Bars
Gold received in temples from devotees in the form of offerings will be converted into 24-carat gold bars under a scheme launched by Tamil Nadu Chief Minister MK Stalin. About…
Air India Likely To Get An Overseas CEO : Report
For the position of Air India CEO, Tata Sons, the largest conglomerate in the country, is said to have picked a few individuals with worldwide aviation expertise, including several CEOs…
RBI Debars Haribhakti & Co From Undertaking Audit Assignment For 2 Yrs
The Reserve Bank of India (RBI), on Tuesday, announced that it has disqualified chartered accounting firm Haribhakti & Co from undertaking any type of audit assignments in any of the…
Kumar Mangalam Birla May Infuse A Token Amount Less Than 1K CR In Vodafone Idea: Report
Chairman of Aditya Birla Group–Kumar Mangalam Birla, may invest a token amount less than 1,000 crore in Vodafone Idea as a response to the Centre’s reform package aimed primarily at…
Invesco’s Open Letter To Zee, Says Sony-Zee Deal Not In Best Interest Of Small Shareholders
Invesco, which holds almost 18 per cent of the stake in ZEEL, raised questions on the Zee- Sony Pictures mergers with a view that the deal will not benefit all…