Information technology major Infosys saw its American Depositary Receipts (ADRs) on the NYSE sink by 12.91 per cent on Tuesday (as of 12.22 am), after the revelation that a group describing itself as ‘whistle-blower staffers’ had accused the management of hiding the true financial picture. Read More
Issues of scam advertising, plagiarism, and blatant copying have been raised frequently at ad award shows. But in what will be the first instance of the matter moving beyond industry fora, ad agency Brand David, part of the WPP-owned Ogilvy group, has taken smartphone manufacturer Vivo to court over a campaign it claims resembles a piece of work it presented to the company earlier. Read More
Tata Steel Europe, a subsidiary of Tata Steel India, has decided to cut 2,500 jobs, or 25 per cent of its work force, in Europe to save $930 million in costs, Dutch media outlet NH Nieuws reported on Monday. Read More
The Enforcement Directorate (ED) is examining a real estate transaction worth Rs 121 crore between Essential Hospitality (EHPL), a Dewan Housing Finance (DHFL) associate group firm, and Charak Pharma, an entity controlled by Raj Shroff, son-in-law of Sushilkumar Shinde, former Maharashtra chief minister and ex-Union home minister. Read More
Piramal Enterprises has posted 29 per cent growth in its profit before tax (PBT) at Rs 733 crore in the quarter ended September FY20 (Q2FY20), compared to Rs 570 core in the same period of the last financial year. Read More
Bharti Infratel on Monday reported Rs 1,043 crore profit before tax for the second quarter ended September 30, up 6 per cent from Rs 988 crore in the same last year. Read More
Home-grown drug firms have 80 per cent of the Rs 1.36 trillion domestic pharmaceuticals market but when it comes to the top selling medicine brands in India, multinational companies (MNCs) rule. Read More
With domestic steel prices having slipped significantly in the September quarter on the back of dull demand for the commodity, primary producers of the alloy are expected to take a hit on their margins in Q2 results. Read More
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