My head is bloody, but unbowed: Byju Raveendran writes to shareholders

New Delhi (IANS) Byju Raveendran, the founder and CEO of embattling edtech company Byju’s, in his letter to shareholders, has drawn parallels with 'Invictus' a short poem by William Ernest Henley, saying “My head is bloody, but unbowed."

Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter

Mumbai (IANS) Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the October-December quarter of the current financial year.

The bank had posted a net profit of Rs 51.5 crore in…

Flipkart to cut 1,000 jobs in annual restructuring exercise

New Delhi (IANS) E-commerce major Flipkart will be laying off 1,000 employees in an annual restructuring exercise. This represents around 5 per cent of its total workforce, reports Moneycontrol, citing sources.

According to the report, the…

Akasa Air orders 300 CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes

New Delhi (IANS) In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737…

Sensex down 700 points led by slump in Tech Mahindra

New Delhi (IANS) BSE Sensex is down 700 points in morning trade on Thursday led by a slump in Tech Mahindra.

BSE Sensex was trading at 70,331.85 points, down by 728.46 points or 1.03 per cent.

Tech Mahindra plunged more than 5 per cent…

Bajaj Auto topples M&M as third most valuable auto company in India

Mumbai (IANS) Bajaj Auto has toppled Mahindra & Mahindra (M&M) as the third most valued auto company in the country.

Bajaj Auto's market cap on Thursday crossed the Rs 2 lakh crore-mark to touch Rs 2.04 lakh crore, surpassing M&M.

Maruti…

Tech Mahindra's Q3 net falls drastically to Rs 485.9 crore

Chennai (IANS) Software player Tech Mahindra Ltd closed its third quarter with a drastic fall in its net profit at Rs 485.9 crore on a lower operational revenue.

In a regulatory filing on Wednesday, Tech Mahindra said for the quarter ended…

Sensex gives up morning gains of more than 400 points led by losses in Axis Bank

New Delhi (IANS) Indian markets gave up morning gains on Wednesday after private sector banks came under selling pressure.

BSE Sensex which was up more than 400 points in the morning is now flat at 70,369.59 points.

Axis Bank is down…

Sensex down more than 500 points led by banks

New Delhi (IANS) BSE Sensex has now slumped more than 500 points on Tuesday with banks leading the fall.

BSE Sensex is trading at 70,855.44 points, down 568.21 points or 0.80 per cent.

Indusind Bank, HDFC Bank are down 3 per cent. Consumer…

Bharat Innovate Glass to invest Rs 1003 crore in TN to make cover glass for mobile phones

Chennai (IANS) Bharat Innovate Glass Technologies Private Limited on Tuesday inked a Memorandum of Understanding (MoU) with Tamil Nadu Government to set up a plant to make cover glass for mobile phones.

Bharat Innovate Glass is a joint venture…