Cyrus Mistry removed as Director of Tata Industries
Tata Industries, at its Extraordinary General Meeting (EGM) on Monday, removed former Tata Sons Chairman Cyrus P. Mistry, as Director of the company. Hence, he…
Corporate News
Morgan Stanley devalued Flipkart from $15 bn to $5.5 bn
Indian e-commerce company Flipkart saw its valuation slashed to $5.54 billion after Morgan Stanley, one of its mutual fund investors, marked down the value of…
Huge lays off by L&T, sacks 14000 employees
Engineering major Larsen & Toubro (L&T) has laid off 14,000 employees across businesses during April—September period. “It was a strategic decision that if a business…
Ratan Tata tried to sell TCS: Cyrus Mistry
Ousted Tata Sons chairman Cyrus Mistry on Tuesday alleged that Ratan Tata once tried to sell the TCS to IBM and his “ego” led to…
Tata Motors came out to support Cyrus Mistry
Ousted Tata Sons chairman Cyrus Mistry on Monday scored what is being seen as a significant moral victory when he received the backing of the…
Samsung to buy car tech firm Harman for $8 billion
Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the…
Arvind Kejriwal condemns PM Narendra Modi for modelling for Private company Paytm
Paytm, India’s largest mobile payments entity and commerce platform, put PM Narendra Modi on its ad, the next morning after the demonetization announcement on 8…
Cyrus Mistry claims Nano should be shut, questions other deals
A day after the Tata Sons board dismissed Cyrus Mistry as chairman, he hit back with a vengeance at the board in general and his…
Arvind Q2 profit rises 1.5%, to sell 10% stake in subsidiary
Arvind Ltd shares soared over 10 per cent intraday on Tuesday after the company informed bourses about its decision to raise about Rs 740 crore…
Cyrus Mistry resigns as chairman of Tata Sons, Ratan Tata takes over
Tata Sons today replaced Cyrus P Mistry as chairman of Tata Sons and brought in former chief Ratan Tata as interim chairman. The decision was…
Wipro buys US cloud company Appirio for $500 mn deal
Indian software services exporter Wipro on Thursday announced it has signed an agreement to acquire US-based Appirio, a global cloud services company, for $500 million….
Ranveer Singh gets Thums Up as Salman Khan dropped as brand ambassador
Coca-Cola India has declared that they are not going to renew the contract with Salman Khan for Thums Up. The company is looking for a…
Online travel portal makemytrip to buy its rival ibibo group
Online travel firm MakeMyTrip will acquire rival ibibo in an equity deal. Ibibo is owned by South Africa-based technology group Naspers Ltd and China’s Tencent…
PepsiCo to make its drinks healthier, chief executive Indra Nooyi
The beverage giant PepsiCo has announced a plan to cut the sugar content and calories of drinks it sells around the globe. PepsiCo will bring…
IT firm Infosys splits 4 verticals into smaller units
Indian IT services major Infosys has split its four large industry verticals into 15 smaller units. Main motive is to give its presidents more time to…