Mindtree appoints Debashis Chatterjee as new MD, CEO

New Delhi, Aug 2: IT services firm Mindtree Ltd on Friday announced the appointment of former Cognizant executive Debashis Chatterjee as its new chief executive officer and managing director (MD and CEO). The company also appointed Larsen & Toubro’s (L&T) Chief Executive Officer and Managing Director S N Subrahmanyan as its non-Executive Vice-Chairman. “Mindtree, a […]

India slips to 7th largest economy in 2018: World Bank

New Delhi, Aug 2: India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead to the fifth and sixth spots, data compiled by the World Bank showed. In 2017, India had emerged as the sixth largest economy, while France was pushed to the […]

Hero MotoCorp, HMSI report double-digit dip in sales in July

Hero MotoCorp, HMSI report double-digit dip in sales in July

New Delhi, Aug 2: Leading two-wheeler manufacturers Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) have reported a double-digit decline in sales last month, hit by lower offtake in a sluggish market. The country’s largest two-wheeler maker Hero MotoCorp reported a 21.18 per cent dip in total sales at 5,35,810 units in July, as […]

TCL for reduction of import duty on open cell TV panels

New Delhi, Aug 2: China-based consumer electronics firm TCL Electronics, which is investing Rs 2,000 crore to set up a new manufacturing facility in Tirupati, Friday asked the government to “reconsider the import duty” on open cell television panels. TCL, which aims to be at the second spot in next three years in the TV […]

SBI posts Rs 2312 crore net profit in Q1

Bengaluru, Aug 2: State Bank of India (SBI), on Friday, was back in the black and reported a net profit of Rs 2,312 crore for the June quarter of 2019-20 (Q1FY20) on the back of healthy growth in advances and stable asset quality. The bank had reported a net loss of Rs 4,875.9 crore in […]

Sensex ends 463 points lower, Nifty below 11000; SBI dips 4.6%

Sensex ends 463 points lower, Nifty below 11000; SBI dips 4.6%

Mumbai, Aug 1: Thursday’s carnage on D-Street dragged indices to fresh five-month lows with the S&P BSE Sensex slipping below the 37,000 mark. On the other hand, the broader Nifty50, too, breached 11,000 mark in the intra-day trade. The Sensex plunged 787 points intra-day to hit a low of 36,694, while the Nifty50 shed 204 […]