Business

[ad_1] New Delhi: Axis Bank posted a net loss of Rs 1,387.78 million on Tuesday for the quarter ending March 31 against a net gain of Rs 1,505.06 million in the same period last year. Analysts in an ET NOW survey had projected the number at Rs 1.9 billion rupees. …

[ad_1] India’s information technology services industry would see hiring freeze this year, and top-level staff would take a 20-25 percent pay cut due to the adverse impact of the coronavirus pandemic, says the industry veteran of TI TV Mohandas Pai. Former Chief Financial Officer for IT services, Infosys Ltd, said …

[ad_1] BENGALURU: PhonePe, the payments unit of the Flipkart group, received a capital injection of about Rs 1.3 billion from its parent entity Flipkart, based in Singapore, according to Paper.vc, a business intelligence firm. The capital infusion, which took place in two tranches, comes at a time when most companies …

[ad_1] Driven by strong gains in financial stocks, Indian markets posted strong gains for the second consecutive day. The Sensex finished 371 points higher today at 32,114 and has now risen 25% from the lows of March 24 at 25,638. Firm world markets and expectations of further government stimulus helped …

[ad_1] BENGALURU: India’s information technology services industry would see hiring frozen this year and senior staff would take a 20-25 percent pay cut due to the adverse impact of the COVID-19 pandemic, says the veteran of IT industry TV Mohandas Pai. Former Chief Financial Officer for IT services, Infosys Ltd, …

[ad_1] Mumbai: Tata Motors said on Tuesday that it will issue Rs 1 billion rupee non-convertible bonds (ENTs), making it the latest in a line of automakers that have been taking the debt route to increase liquidity when Revenue has been frozen due to nationwide movement restrictions. NCDs would be …

[ad_1] Reliance Industries (RIL) on Monday announced that its board would consider a proposal to issue equity shares to existing shareholders on a rights basis during its board meeting on April 30 (Thursday). That apart, the company will also announce its results for the quarter ended March 2020 (Q4FY20) on …

[ad_1] According to a media report, Volkswagen is evaluating a performance version of the T-Roc for India. The vehicle under consideration is called the T-Roc R in world markets. It could be introduced in India as the T-Roc GT line. It is unclear which engine the T-Roc GT will be …

[ad_1] Nokia and Bharti Airtel announced a multi-year agreement on Tuesday to deploy Nokia SRAN solutions on nine circuits in India. The deal, which is estimated to be worth close to $ 1 billion, will help Airtel increase network capacity, especially 4G, and improve the customer experience. See also: Facebook …

[ad_1] Nokia and Bharti Airtel announced a multi-year agreement Tuesday to implement Nokia’s SRAN solution in nine circles in India. The deal, which according to an industry source is tied to about $ 1 billion, will help Airtel improve the network capacity of its networks, in particular 4G, and improve …