In relief for 30,000 homebuyers, Centre to take over Unitech
In a major relief to around 30,000 homebuyers, the Centre agreed to take over troubled real estate giant Unitech to streamline the management of the company which is in a financial mess caused by siphoning off of more than 50% of money deposited by individuals and financial institutions.
LTTS net profit rises 10% to Rs 204 crore in Q3
The total headcount at the end of the quarter was 16,787.
Jio net profit surges 63% to Rs 1,350 cr in Dec quarter
ARPU, a key performance parameter, rose to Rs 128.4 from reported Rs 120 in the fisca...
Courier companies seek relief on GST E-way bill rule
GST Rule 138E, which took effect in November, doesn’t allow an entity that hasn’t filed returns for two straight months to generate an e-waybill. While the rule won’t impact direct deliveries to ecommerce customers, business-to-business (B2B) orders from overseas will likely get hit.
Oyo's layoffs have hotel partners worried
Hoteliers are unable to contact company representatives who were doing business with them.
TCS grows at slowest pace among peers; profit flat
TCS is taking a hit on revenue growth due in large part to reduced spending by its largest customers – banks and financial services companies – in the US and UK that are responding to macro-economic pressures.
4 tech cos sue Facebook for anti-competitive behaviour
Facebook was sued by four potential competitors who accuse it of anticompetitive behaviour and who asked a judge to order chief executive officer Mark Zuckerberg to give up control of the social media behemoth.
Oyo layoffs have hotel partners worried
Several existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no communication so far about reduction in client-facing roles.
Infosys may outpace TCS in top line growth in FY20
For Infy & HCL Tech, the faster growing verticals contributed more to the revenue than BFSI.
HCL Q3 net up 17%, raises revenue growth outlook
HCL paid $1.8 billion for the acquisition, which included 5,000 customers globally.
Telcos' dues, penalties to weigh heavily on vendors, tower cos
Bharti Infratel, Indus Towers and American Tower Corp (ATC) are bracing for a possible hit on their tower tenancies, because of the financial strain on customers Bharti Airtel and Vodafone Idea from the thousands of crores they need to pay the government.
Telecom, retail help Reliance offset modest energy gains
Earnings growth was 5 per cent higher than consensus quarterly EPS estimates.
Franklin debt schemes mark down Voda Idea holding
Debt schemes of Franklin Templeton, which hold bonds of Vodafone Idea worth Rs 2,049 crore, have fully marked down their entire holding in the telecom company a day after the Supreme Court rejected review petitions of various telecom companies challenging its judgement in the adjusted gross revenue (AGR) case.
13 pvt cos bid to operate ONGC's 64 fields
A total of 13 private companies, including Oilmax Energy and Deep Industries, have placed bids for the operatorship of ONGC’s 64 small producing fields, according to people with knowledge of the matter.
'Singapore companies increasingly collaborating with Indian counterparts'
"As India pushes ahead with digitalization efforts, we see increasing opportunities in health-tech, rural-tech, ecommerce and smart city development,” said Peter Ong Boon Kwee, the chairman of Enterprise Singapore, which promotes Singapore companies globally.
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