Committed to turnaround; reduced debt in Q1: Jet

Jet Airways on Tuesday said it had reduced its overall debt burden during the first quarter of 2018-19 and remained committed to implementing its turnaround strategy.

Jet Airways Deputy Chief Executive Officer and Chief Financial Officer Amit…

Indian firms lead IT transformation in Asia: Dell EMC

About 17 per cent of organisations in India have achieved a fully transformed status in IT, significantly higher than the 4 per cent recorded across other Asian countries covered by a Dell EMC study released on Tuesday.

The study found that…

Equity indices surge to fresh highs; Sensex crosses 38,500 points

Indian equity markets opened strongly on Monday, with the benchmark Sensex and Nifty hitting fresh record highs amid firm global cues.

The S&P BSE Sensex climbed to an intraday record of 38,586.83, while the NSE Nifty50 touched a new high…

Apple donates Rs 7 crore for Kerala's flood victims

Apple has announced a donation of Rs 7 crore towards relief and rehabilitation efforts in Kerala, where severe floods have caused widespread destruction and displaced hundreds of thousands of people.

The US-based technology giant said on Saturday…

Force Motors to acquire Man Trucks India's MP plant

Force Motors has agreed to acquire the Pithampur manufacturing plant of MAN Trucks India in Madhya Pradesh, expanding its industrial footprint in the state's automotive manufacturing hub.

The company disclosed the development in a filing…

Infosys opens North Carolina hub, hires 4,700 in the US

Indian IT major Infosys has inaugurated its fourth Technology and Innovation Hub in Raleigh, North Carolina, as part of its plan to expand its US workforce and strengthen its presence in emerging digital technologies.

The company said it has…

IOC to invest over Rs 37,000 crore in TN

Indian Oil Corporation (IOC) plans to invest around Rs 7,112 crore in infrastructure projects across Tamil Nadu over the next three years as the energy major looks to expand its petroleum and gas distribution network in the state.

At the group…

Alibaba-backed Paytm rolls out AI Cloud for India

Digital payments company Paytm has launched an AI-powered Cloud computing platform in India in partnership with Chinese technology major Alibaba, targeting developers, start-ups and enterprises looking for locally hosted digital infrastructure and…

Sensex, Nifty hit record highs on firm global cues, rupee recovery

Indian equity markets extended their upward momentum on Monday, with the benchmark S&P BSE Sensex and NSE Nifty50 hitting fresh record highs, supported by positive global cues and a recovery in the Indian rupee.

The Sensex climbed to an…

Walmart acquires 77% stake in Flipkart Group

US retail giant Walmart Inc. has acquired approximately 77 per cent of Indian e-commerce company Flipkart, marking one of the biggest investments in the country’s rapidly expanding online retail sector.

Under the agreement, Walmart’s…