The Hyderabad unit of the income tax (I-T) department has issued a provisional property attachment order dated January 30, to Mahindra Satyam. HT reports.
Just because foreign airlines may soon be allowed to invest in India's battered carriers doesn't mean they will.
The heads of Infosys Ltd's, India's second-largest software services provider, are swapping jobs, in an indication that both are contenders to take over the chief executive's post when it opens up in 2015, the company said on Friday.
Japan's Panasonic today warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.
Beating market expectations, IT firm Mahindra Satyam today reported 5-fold rise in profit after tax to Rs 308 crore for the quarter ended December 31, helped by forex gains.
Iran has agreed to be paid 45 percent of revenue from its Indian oil exports in rupees, to be deposited with an Indian bank beyond the reach of new US and European sanctions, a report said today.
The Supreme Court verdict to cancel 122 licences has come as a shock to operators. The operators are considering going to the higher bench for review of the verdict, said an industry source. HT reports.
Most Air India flights scheduled to take-off from Mumbai airport on Thursday evening were grounded for hours after state-owned oil companies stopped supply of jet fuel due to non-payment of dues.
US-based Starbucks is driving a hard bargain with retail-space owners, in some cases seeking rent-free premises, citing its brand value and its ability to increase footfalls in malls by its presence.
Rachit Vats &
Sachin Dave report.
The petroleum ministry, which had earlier sought time till January 31 to reply to the arbitration notice served upon it by Reliance Industries Ltd (RIL) in a dispute over estimate of costs related to RIL’s KG-D6 gas fields, has now asked the company to immediately withdraw its notice against the government’s proposed move. HT reports.
Miner Vedanta Resources posted a 5% dip in core profit its December quarter, hit by weaker performances at its aluminium and Zambian copper operations.
Swedish truckmaker Scania will invest an initial 1.5 billion rupees ($30.1 million) in an assembly plant in southern Bangalore city for on-road vehicles, the head of the company's Indian unit said today.
Buoyed by a growing order book, RPG Group's engineering, procurement and construction arm KEC International Ltd on Tuesday reported a 39% year-on-year jump in net profit at Rs 81 crore during the October-December quarter. Shrenik Avlani reports.
India will have 50 Starbucks cafes by the end of the year. The 50:50 joint venture between the Tata group and the iconic coffee chain plans to pump in Rs 400 crore to start operations in India.
HT reports.
Blender's choice: Will the brew work?Citigroup chairman Richard Parsons, who helped steer the bank through the aftermath of the 2008 financial crisis, is considering stepping down after three years in the post, The Wall Street Journal reported.