The debt-ridden Future Group is looking at scaling up its flagship Big Bazaar's high-margin apparel business for a better future. Rachit Vats reports.
In a fresh indication of the growing importance of manufacturing in the country's economic growth, the sector has overtaken banking and financial services in terms of new office space requirement during the last fiscal year.
Vivek Sinha reports.
Office Office: the smokestack guys are backInfosys, which is embroiled in a legal battle for alleged violation of American visa norms, may face further heat as US' Department of Homeland Security (DHS) is reviewing its employer eligibility after finding errors in identity verification forms of some of its staff.
Helped by a huge cash pile of over Rs. 70,000 crore, corporate giant Reliance Industries has become a debt-free entity -- a feat its billionaire chief Mukesh Ambani had promised to achieve about ten months ago.
World’s largest zinc and lead producer Hindustan Zinc on Friday reported a 20.2% decline in its net profit to R1,413 crore for the quarter ended March 31, 2012, as lower price of the metals undermined the company’s profitability.
Russian services conglomerate Sistema will take a writedown of nearly $1 billion related to the suspension of its Indian licences, sources close to Sistema said on Friday.
On account of higher forex loss, private oil and gas producer, Cairn India on Friday posted an 11% decline in consolidated net profit at Rs. 2,186.2 crore during the quarter ended March 31 against Rs. 2,457.8 crore during the corresponding period of the previous financial year.
With the growing acceptance for e-commerce in India, the Tatas too have joined the online space. Tata Sons-promoted Infiniti Retail, which runs the multi-brand electronics stores Croma, silently launched its online operations.
Hurt by weak refining margins and declining gas output from its offshore fields (mainly the prestigious KG-D6), Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 21.2% year-on-year drop in net profit during the January-March quarter at Rs. 4,236 crore.
A German royalties group scored a court victory over Google's YouTube on Friday in a ruling which forces the video-sharing site to take down copyrighted clips.
US business groups want the US to put pressure on India to not go through on some tax changes that they said would adversely impact foreign investments in India. HT reports.
If you think all is hunky dory with the modern retail then there’s a need to do a reality check. Rachit Vats reports.
Indian intelligence agency Research and Analysis Wing (RAW) has asked the department of telecommunications (DoT) to be cautious in its dealings with Chinese firm Huawei as it has links with the People’s Liberation Army (PLA) and the Chinese ministry of state security.
Nokia Corp, which has been struggling over recent years to compete with rivals Apple, Samsung Electronics and HTC, attributed its quarterly loss to greater than expected competitive challenges.
A division bench of Delhi High Court comprising Justice Sanjay Kishan Kaul and Justice Rajiv Shakdher has set aside a contempt of court order against Atul Kumar Rai, chief executive officer and managing director of state-owned financial institution IFCI. Vivek Sinha reports.