Senior business journalist's name surfaces in NSE co-location scam

New Delhi (IANS) The Central Bureau of Investigation (CBI) probing the National Stock Exchange (NSE) co-location scam involving its former CEO and MD Chitra Ramkrishna and others has learnt that a senior business journalist had helped the accused…

Huawei transferred Rs 750 cr abroad, claim I-T Deptt sources

New Delhi (IANS) Chinese technology company Huawei has been accused by the Income Tax Department of transferring Rs 750 crore to its foreign-based parent firms sources in the department have said.

The I-T had in February accused the firm of…

TCS posts Rs 9,478 cr profit, interim dividend of Rs 8 per share

Chennai (IANS) Software major Tata Consultancy Services Ltd (TCS) on Friday said it closed the first quarter of FY23 with revenue of Rs 52,758 crore and a net profit of Rs 9,478 crore.

The Board of TCS also declared an interim dividend of Rs…

Chinese directors of firm associated with Vivo flee as ED continues raids

New Delhi (IANS) As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies, including smartphone maker Vivo, at 44 locations in 22 states on Wednesday, the directors of one of the companies associated with Vivo have…

India sees 33% dip in startup funding at $6.9 bn in April-June

Bengaluru (IANS) The funding in the Indian startup ecosystem nosedived by a huge 33 per cent to $6.9 billion in the April-June period (Q2), from $10.3 billion in the first quarter (Q1) this year, amid the economic meltdown and layoffs in the funding…

With licence to fly, Akasa Air to start operations this month

Chennai (IANS) India's new airline, Akasa Air, on Thursday got its Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).

"The grant of the AOC is the final step of a comprehensive and rigorous process laid…

Vivo India remitted Rs 62,476 crore abroad, almost 50% to China: ED

New Delhi (IANS) A day after it was reported that two top executives of its associated company likely fled India, following raids, the ED on Thursday said that Chinese smartphone company Vivo was involved in huge 'hawala' transactions.

Ola likely to lay off up to 500 employees in cost-cutting exercise

New Delhi (IANS) As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter.

ED notices to CoinSwitch, CoinDCX; seeks info under FEMA

New Delhi (IANS) A few firms, including CoinSwitch and CoinDCX dealing in cryptocurrency have been asked by the Enforcement Directorate (ED) to submit some documents in connection with an ongoing case of the Foreign Exchange Management Act (FEMA).

Indian job mkt sees record 22% Y-O-Y growth in June'22: Report

New Delhi (IANS) Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday.

The report Naukri JobSpeak Index showed that…