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Cognizant reports $18-million loss in Q4
Wed, Feb 07, 2018
US-based IT major Cognizant today reported a net loss of $18 million for the December 2017 quarter compared to a profit of $416 million in the year-ago period.
Here’s how different sectors reacted to the Union Budget 2018
Fri, Feb 02, 2018
Know the reactions from industry experts on the Union Budget 2018.
Amazon posts largest profit in its history on sales, tax boost
Fri, Feb 02, 2018
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.
Demolitions, dent in sentiment to cut December 31st revenues by 25%
Sun, Dec 31, 2017
The ongoing demolition drive and "negative sentiment" following the Kamala Mills fire tragedy will shave off the business of city restaurants and pubs by 25 per cent during the New Year celebrations, said an industry source.
AGR definition sub-judice: Tata Tele on CAG report
Sat, Dec 23, 2017
Tata Teleservices (Maharashtra) Ltd today said the definition of adjusted gross revenue on which licence fees and other charges are paid to the government is sub-judice and the recent CAG report on under payment is based on its own interpretation.
Reliance Jio, Tata Teleservices, others understate revenue by Rs 14,000 crore, says CAG
Wed, Dec 20, 2017
Tata Teleservices, Telenor, Videocon and Reliance Jio are among five telecom firms which have understated revenues by over Rs 14,800 crore, resulting in a short fall of nearly Rs 2,578 crore to the exchequer, government auditor CAG said today.
Did Amazon beat Flipkart at the e-commerce game this year?
Mon, Dec 11, 2017
Rivals in the e-commerce sphere - Amazon and Flipkart are at it again to claim the throne for India's top 'go-to' market place. Who will emerge victorious?
Kerala raises legal drinking age to 23
Thu, Dec 07, 2017
CPI(M)-led government had eased the previous government's stringent liquor policy which led to closer of most of the liquor shop, although only five star hotels were permitted to serve India made foreign liquor. This led to conversion of many liquor outlets into wine and beer parlour.
Airlines may revoke cancellation fees; here’s how much they earned from these charges
Tue, Nov 28, 2017
Cancellation fees that have now begun to touch the Rs 3,000 mark could be revoked. We tell you how much these airlines have earned from charging customers these fees.
Nomura warns against govt's stimulus package; blames fiscal stress on higher spending
Wed, Sep 27, 2017
Nomura says it may be counterproductive this time if the government uses a stimulus package to help the economy on the growth track.
KFC, Pizza Hut post 4th consecutive quarterly growth in India
Fri, Aug 04, 2017
Fast food chains KFC and Pizza Hut have posted 9 % and 8 % growth respectively in system sales for the second quarter ended June 30, 2017 -- the fourth consecutive quarter of positive sales.
Mobile advertising revenue of nearly $8 billion in Q2 powers Facebook's growth
Thu, Jul 27, 2017
Facebook posted a nearly 50% growth in advertising revenues in Q2 as mobile advertising revenues surged to an 87% growth during the quarter.
Engine delays hit Airbus profits, delivery targets fragile
Thu, Jul 27, 2017
Europe`s Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320neo hit interim earnings.
Samsung's Q2 net profit hits record high
Thu, Jul 27, 2017
South Korean tech giant Samsung Electronics on Thursday reported a second quarter net profit of 11 trillion won ($9 billion), up 89 % year-on-year, the company said in a statement here.
Jet Airways cutting pilot pay to trim costs, sources say
Thu, Jul 20, 2017
Jet Airways, India's second-largest airline by market share, has asked dozens of its junior-ranking pilots to accept 30-50 % pay cuts, or quit, as it moves to bring down its costs, according to two sources and letters seen by Reuters.
IndiGo, GoAir passenger load factor grows in May; Spicejet reaches ‘record high’ PLFs
Wed, Jun 21, 2017
Domestic carriers record high passenger load factors and have also increased flying capacity addition which analysts estimate to be a positive on the yields of the airlines.
Maharashtra government to formulate beach shack policy
Tue, Jun 20, 2017
The Maharashtra government has decided to come up with a beach shack policy to promote beach tourism along the coastline, develop the coastal areas, generate revenue and employment.
President Donald Trump owes lenders nearly $315 million, disclosure shows
Sat, Jun 17, 2017
President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.
Total value of enemy properties touches Rs 1.04 lakh crore; Uttar Pradesh leads the immovable property list
Tue, Mar 28, 2017
The total number of vested immovable property with custodian of enemy properties in India is 9,280 with Uttar Pradesh leading all states at total number of propeties at 4,991 with gross valuation of Rs 82,441.23 crore
Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley
Fri, Mar 17, 2017
In a reply to a Lok Sabha question, Finance Minister, Arun Jaitley on Friday said that so far the government has received revenue from cesses of Rs 2.66 lakh crore in FY17.