Zensar trims retail portfolio, to focus better on core
The IT company decides to focus on three core areas-- high-tech manufacturing, infrastructure and financial services. Zensar reported a 32.6% drop in net profit for the December quarter, citing softness in the retail segment — with a revenue impact of about $5 million — as a key reason for the profit decline.
Nothing is impossible: Gopichand Hinduja on investing in early-age startups, group surviving world's economy for 104 yrs
The Hinduja Group ha...
Big Bull ‘very happy’ with this group, its stocks seem on the cusp of revival
The stocks have been seeing a revival of sorts with 24 of the 2...
UltraTech profit up 80% on lower costs
Revenue down to Rs 10,353 crore; EBITDA rises 23.7% to Rs 1,973 crore with margin surging to 19.1%
Mukhtar Abbas Naqvi meets groups which demand job, land rights
BJP’s Srinagar unit organised the function at the revenue department in Harwan, around 15 km from Lal Chowk. Around 250 people, including BJP workers, panchayat members and Gujjar and Bakerwal delegations met Naqvi.
New Islamic State group leader identified: Report
Intelligence services have identified the new leader of the Islamic State (IS) group as Amir Mohammed Abdul Rahman al-Mawli al-Salbi, British newspaper The Guardian reported on Monday.
Top CEOs commit to support developing core set of universal ESG disclosures
Announcing the initiative, the World Economic Forum (WEF) said 140 of the world's largest companies support effort to develop a core set of common metrics and disclosures on non-financial factors to their investors and other stakeholders.
Kuwait firm to set up Rs 49,000 cr oil refinery in Tamil Nadu: Chief Minister Palaniswami
The setting up of the refinery would see the southern districts in the state develop like Jamnagar in Gujarat and Jurong Island in Singapore, said Tamil Nadu, Chief Minister K Palaniswami. He further added that 59 companies which signed MoUs with the state government in the second edition of the Global Investors meet in January last year, have commenced production.
Vivo's sub brand, iQOO set to enter India with 5G smartphone
iQOO is a sub-brand of Vivo in China but will operate in India as a separate entity. With this, the BBK Group now has five brands -- OnePlus, Vivo, OPPO, Realme and iQOO -- in India. iQOO - which stands for 'I Quest On and On' - will sell its device online initially, and is drawing out plans for offline retail. The company has set up its office in Bengaluru and has an 80-people team.
Karvy sets deadline of February 15 to pay clients’ dues
Karvy Stock Broking has set a February 15 deadline to pay all its dues to clients, which includes stocks and funds worth several crores of rupees. With a new man at the helm, it is also going in for a restructuring of its financial services business and there are rumours that this may include sale of assets.
Embassy group forays into co-living segment with Olive brand
Embassy Group plans to focus on commercial, industrial, co-working and co-living segments to expand its footprint in the country. It currently has 10 million sq ft of commercial projects under development, with a residential inventory of Rs 4,800 crore.
Nature, government policies set to brighten life for sugar companies
Experts also say the government has been supporting the sector by retaining the minimum sugar price of 31 per kg and encouraging exports.
Rane Brake Lining Q3 profit at Rs 10 crore
Revenue from the two-wheeler segment grew by 5 per cent during the quarter.
New CEO stands by 737 MAX, eyeing reset at troubled Boeing
"I commit to you to be more accessible than the team has been," Calhoun said at the outset of an hour-long conference call with reporters, the first such event with a Boeing executive since the MAX was grounded in March following two deadly crashes. Calhoun vowed a "safety first" culture and promised investment in the firm's engineers.
Periyar remark row: Dravidian group moves HC, demands FIR against Rajinikanth
Dravidian group moves HC and wants FIR to be filed against Rajinikanth. The controversy had started in a recent speech by the 69-year-old ac...
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