Uber India names Jaiteerth Patwari as senior engineering leader

India is the largest market outside the US for Uber and accounts for about 12 per cent of all Uber trips globally, as of last year. In India, the company operates in 29 cities.(Representative Photo) Cab aggregator Uber has appointed Jaiteerth Patwari the Senior Engineering Leader at its engineering centre in Hyderabad. Patwari, with 22 years More...

by Loknath Das | Published 3 months ago
By Loknath Das On Wednesday, June 14th, 2017
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Sebi may ease listing norms for companies majority-owned by PE, VC firms

Mumbai: The Securities and Exchange Board of India (Sebi) plans to ease norms for companies which are majority owned by private equity (PE) and venture capital (VC) firms and seeking to list on stock exchanges. Such More...

By Loknath Das On Tuesday, June 13th, 2017
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Bosses of Goldman Sachs and Citigroup drawn into hoax by email prankster

The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank More...

By Loknath Das On Saturday, June 10th, 2017
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Banks can now lend more, cheaper home loans likely

The Reserve Bank of India (RBI) on Wednesday made it possible for banks to lend more to home-buyers, and at lower rates, in a move that should benefit customers as well as real estate developers. The central bank More...

By Loknath Das On Saturday, June 10th, 2017
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Tata Motors reaches wage deal with Sanand plant union

Tata Motors Ltd reached a long-term wage settlement with workers at Sanand plant in Gujarat. The settlement includes a total wage package of Rs 16,000 ($248.96) per worker, excluding the salary, to be paid uniformly More...

By Loknath Das On Friday, June 9th, 2017
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Infosys denies promoters selling stake in company

Infosys Ltd denied a media report on Friday that the founders of India’s second-biggest software services exporter were looking to sell their entire 12.75% stake in the company. “Infosys would like clarify More...

By Loknath Das On Friday, June 9th, 2017
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CCI rejects Airtel’s complaint against RIL, Reliance Jio

Fair trade regulator CCI today rejected Bharti Airtel’s complaint alleging anti-competitive practices by Reliance Industries and Reliance Jio, saying no case could be made out against the Mukesh Ambani-led firms. The More...

By Loknath Das On Friday, June 9th, 2017
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Utility vehicles drive auto sales in May, passenger vehicle sales rise 8.63%

Passenger vehicle sales in India rose by 8.63%in May, mainly driven by strong sales of utility vehicles. According to data released by the Society of Indian Automobile Manufacturers (SIAM), the growth registered More...

By Loknath Das On Thursday, June 8th, 2017
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Toyota-supported flying car hopes to light the Tokyo 2020 Olympic flame

Engineers, supported by Toyota Motor Corp, demonstrated their flying car on Saturday, which they hope will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. “Cartivator”, More...

By Loknath Das On Wednesday, June 7th, 2017
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Cash-rich companies are king in the stock market right now

The days of easy money are over.And with the Federal Reserve expected to hike interest rates later this month, equity investors are seeking out companies well-equipped to withstand tighter lending conditions. In More...