Archives for Business - Page 16
Top 100 Indian firms invest US dollar 15 bn in US, create over 90,000 jobs: 7 highlights
A total of one hundred major Indian companies created more than 91,000 jobs in the US by investing US dollar 15 billion in a wide range of sectors across 35…
After 24-Week Maternity Leave; Flipkart Launches Adoption Assistance Programme
Just after the recent announcement of an attractive maternity scheme, Flipkart has come up with an another muse – ‘adoption assistance programme’. The programme will allow six months of paid…
First Ratan Tata, now Vodafone’s Arun Sarin: Ola ropes in corporate biggies to take on Uber
Bangalore-based Ola Cabs is doing all that it can to battle Uber in a highly-competitive Indian market— be it slashing of fares, territorial expansion with operations in 200 cities, investment…
Airtel hires senior MTN executive Wim Vanhelleputte as its new executive director in Africa
NEW DELHI: Bharti AirtelBSE % named Wim Vanhelleputte its new executive director for a key business unit within Africa, a region where the telecom operator is still struggling to turn…
L&T Finance Shares Soar on Stake-Sale Buzz
L&T Finance shares jumped as much as per cent on Tuesday after The Economic Times reported that private equity fund Warburg Pincus is in talks to buy 25 per cent…
Rupee extends gains, up 8 paise against dollar
MUMBAI: Rising for the sixth straight day, the rupee strengthened by 8 paise to against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of…
Uber chooses Hyderabad as India hub, to invest $50 million over 5 years
NEW DELHI: Online taxi-hailing company Uber has committed $50 million (Rs 317 crore) over 5 years for a centre it is establishing in Hyderabad to train its drivers and customer…
SpiceJet, AirAsia India Launch Discounted Fares
Budget carrier SpiceJet started a fresh round of fare war on Monday after it launched a discount scheme, offering all-inclusive tickets as low as Rs 1,899. The SpiceJet offer came…
Maruti Suzuki putting money on Nexa to tap premium buyers
Nashik/New Delhi: Sometime in October 2012, the management of India’s largest car maker, Maruti Suzuki India Ltd, sat down to devise a strategy to tap customers who were graduating to…
RIL chairman Mukesh Ambani gets 205 times company’s median salary
Mukesh Ambani, the richest Indian and Reliance Industries (RIL) chairman and MD, has not taken a pay hike for seven years, but his pay package is over 205 times that…
Airbus, Mahindra JV to Make Helicopters in India
New Delhi: European major Airbus has teamed up with diversified Mahindra Group to establish a joint venture for manufacturing helicopters for the Indian Armed Forces. The joint venture between Airbus…
Snapdeal Hires Former Procter & Gamble Executive as SVP Corporate Finance
New Delhi: E-commerce firm Snapdeal on Thursday announced appointment of former P&G executive Amit Choudhary as Senior Vice President (SVP) Corporate Finance. At Procter & Gamble (P&G), Mr Choudhary served…