Companies

Annual IMF, World Bank meetings to be held virtually

The 2020 annual meetings of the International Monetary Fund (IMF) and the World Bank Group will likely be held in a primarily virtual format due to the ongoing COVID-19 pandemic, the leaders of the two institutions announced.

Jul 10, 2020

Ramkumar Ramamoorthy's 23 year-long stint with Cognizant ends

Two top-level exits of Cognizant's India chief Ramkumar Ramamoorthy and head of global delivery Pradeep Shilige were announced by CEO Brian Humphries in an email to employees.

Jul 10, 2020

Yes Bank's Rs 15,000 cr further public offering opens on July 15

Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.

Jul 9, 2020

Tata Sons in talks to buy out AirAsia India stake at steep discount

Indian conglomerate Tata Sons are in talks to buy out AirAsia Group Bhd's stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking sources.

Jul 9, 2020

Hiring activity improves 33% in June: Naukri.com

In addition, functional roles in education/teaching (49 per cent), pharma/biotech (36 per cent) and sales/business development (33 per cent) saw an uptick.

Jul 8, 2020

Infosys flies techies, families to Bengaluru from US

The special flight with the techies and their relatives landed in the city early Monday, said the spokesperson.

Jul 7, 2020

HSBC to cut 38% of global banking and markets jobs in France

HSBC France seeks to cut 255 of 678 jobs in its French global banking and markets unit by end-2021 as part of a broader plan to reduce costs, a union said on its website.

Jul 7, 2020

Is Dutch entrepreneur Bennie Bos changing the way of city transportation?

Bennie is focusing on right now. "Creating a solution nowadays must be one for years" he quoted. With all his projects he is trying to think about the global problems today

Jul 7, 2020

Paytm enters general insurance sector, acquires Raheja QBE

Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country.

Jul 6, 2020

Bajaj Auto unions demand factory halt after 250 workers catch coronavirus

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died.

Jul 5, 2020

The youngest Iranian businessman – Reza Abbaszadeh

Changed the face of capital management business with more than $100 Million dollars assets under control via Abbaszadeh Capital

Jul 4, 2020

Laalsa – How Suresh Redyam made his Dream Come True

He has created a system where discounts are given in ways that will profit both Laalsa and the restaurants.

Jul 3, 2020

Cognizant benches 18,000 employees, Karnataka Union to approach government

Cognizant has benched 18,000 employees asking employees to resign after failing to secure projects. The Karnataka State IT Employee Union (KITU) has asked workers not to resign under pressure and will register a complaint with the state labour department.

Jul 3, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

Should India layoff unproductive civil servants?

Software provider Amdocs to lay off 1,000 employees: Report

According to a report in Israeli-based website Calcalist, Amdocs's quarterly earnings is around $1 billion and a huge part of it – nearly $691 million - comes from the US which is currently witnessing a coronavirus resurgence.

Jul 3, 2020