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Tech Mahindra sprawling campus in Warangal was launched by

Tech Mahindra opens sprawling campus in Warangal in a bid to focus on Tier-II cities

Business | January 07, 2020 15:32 IST

Tech Mahindra Ltd on Tuesday announced the inauguration of its new delivery centre. The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao. The new facility is in line with Tech Mahindra's TechMNxt charter, which focuses on leveraging next-generation technologies and solutions, like artificial intelligence among others to address real-world problems to meet the customer's evolving and dynamic needs, a press release from the IT firm said.

former Uber CEO Travis Kalanick quits company silicon valley news

Travis Kalanick is cashing out of Uber for philanthropic pursuits

Business | December 26, 2019 12:47 IST

Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of directors, severing ties to the company he co-founded a decade ago.

Core sector output shrinks 5.8 per cent in October

Business | November 29, 2019 18:03 IST

Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month. The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.

Onion prices remain high, soar to Rs 110/kg in Panaji

Business | November 28, 2019 21:39 IST

The stock holding limit was imposed in September. At present, retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals. Food and Consumer Affairs Minister Ram Vilas Paswan on Wednesday had asserted that the government was making maximum efforts to control prices.

Parliament passes chit funds bill

Business | November 28, 2019 17:23 IST

The maximum commission for foreman, who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent. The bill also allows the foreman a right to lien against the credit balance from subscribers.

Axis Bank betting big on Fastags

Business | November 27, 2019 21:49 IST

Rival Kotak Mahindra Bank has also announced free tags till December 1 with a similar limited period offer, an official statement said, while an HDFC Bank official said the lender has waived off the processing charges of Rs 100 till December 31.

Trai moots idea of tariff calculator, more transparent disclosures

Business | November 27, 2019 21:25 IST

The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.

SAIL asks units to improve efficiency, reduce production cost

Business | November 27, 2019 21:25 IST

All the plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle 'Do More With Less'," SAIL Chairman Anil Kumar Chaudhary said in a statement.

Modi govt likely to bring ordinance to cut tax rates for individuals

India | September 24, 2019 21:38 IST

Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.

SBI links interest rates to RBI's repo rate; customers to get direct benefit of RBI monetary policy easing

Business | May 01, 2019 21:31 IST

Public sector lender State Bank of India on 1st of May became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India's repo rate. Read on to find out more!

Concern in Parliament over AI pilots strike

May 21, 2012 17:31 IST

New Delhi, May 21: Concern was voiced in Parliament today over ongoing strike by Air India pilots which has been going on for two weeks with members alleging that the extreme “arrogance” by the government

Kingfisher Airlines owes Rs 269 cr income tax, says Govt

May 18, 2012 14:44 IST

New Delhi, May 18: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha today.Kingfisher Airlines was