Breaking news, views, reviews, cricket from across India

  • The real reason why new engineering graduates aren't getting that job call
    on January 20, 2018 at 1:35 pm

    Automation and slowing growth have hit hiring in India's information technology (IT) companies. For the first six months of this fiscal, the top six Indian IT companies saw its workforce decline by 13,402 compared to an addition of 60,240 in the same period a year earlier. As automation makes basic and repetitive jobs redundant, IT companies are getting more discreet in hiring. Instead of bulk hiring from campuses, they are mostly hiring those with niche, new-age skills and those who can be […]

  • The real reason why new engineering graduates aren't getting that job call
    on January 20, 2018 at 1:35 pm

    Automation and slowing growth have hit hiring in India's information technology (IT) companies. For the first six months of this fiscal, the top six Indian IT companies saw its workforce decline by 13,402 compared to an addition of 60,240 in the same period a year earlier. As automation makes basic and repetitive jobs redundant, IT companies are getting more discreet in hiring. Instead of bulk hiring from campuses, they are mostly hiring those with niche, new-age skills and those who can be […]

  • Why Modi govt should send a thank you note to ONGC today
    on January 20, 2018 at 11:44 am

    NEW DELHI: Oil and Natural Gas Corp (ONGC) has agreed to acquire the government's entire 51.11% stake in Hindustan Petroleum for about Rs 37,000 crore in an all-cash deal that would close by month-end.The share sale will help government exceed its divestment target of Rs 72,500 crore in 2017-18 - a first for the government ever. The government has already raised Rs 54,337 crore so far this year.India's largest oil producer will buy HPCL shares at Rs 473.97 apiece, a 14% premium to the Friday […]

  • The F-35 maker now wants to make custom-built fighter jets for India
    on January 20, 2018 at 11:36 am

    American aerospace and defence major Lockheed Martin has proposed to manufacture custom-built F-35 fighter jets in India, which its officials say will give Indian industry a unique opportunity to become part of the world's largest fighter aircraft ecosystem."We plan to introduce two new words into the lexicon of international fighter aircraft manufacturing: 'India' and 'exclusive'," Vivek Lall, vice president, strategy and business development, at Lockheed Martin Aeronautics told PTI in an […]

  • RBI calls for a need to have online trading platform of bad loans
    on January 20, 2018 at 10:22 am

    Reserve Bank of India (RBI) deputy governor, Viral Acharya called for a need to set up online platforn for trading and bidding platform of bad loans which will bring transparency pricing in assets on sale. Setting up an online trading platform will help India achieve a thriving market for sale of NPAs (non-performing assets), said Acharya at an ASSOCHAM event held in Mumbai today.As of now, the price that ARCs bid for the stressed loans and the bid that is funally accepted by the bank is not […]

  • Here comes Range Rover Velar, starting at Rs 79 lakh
    on January 20, 2018 at 9:31 am

    Tata Motors-owned Jaguar Land Rover (JLR) today announced the market launch of its latest SUV model Range Rover Velar in India, priced between Rs 78.83 lakh and Rs 1.38 crore (ex-showroom Delhi).The company said it will start deliveries of the vehicle to customers from dealerships within a week to ten days."We have had a tremendous response to the Range Rover Velar and we are sold out till March," JLR India President & MD Rohit Suri told PTI here.He, however, did not share the total number […]

  • After Jio's 1st profit, Ambani is ready for another bet
    on January 20, 2018 at 8:38 am

    Within 15 months of starting commercial operations, Reliance Jio Infocomm turned profitable, posting a net profit of Rs 504 crore for the third quarter of the fiscal year. It had posted a net loss of Rs 271 crore in the previous quarter. It clocked a revenue of Rs 6.879 crore, up nearly 12% on quarter. Jio's rivals are facing tough times. Bharti Airtel's third-quarter net profit plunged 39%, missing estimates and dropping for the seventh straight quarter. Idea Cellular, too, is expected to post […]

  • OnePlus opens first authorised offline store in India
    on January 20, 2018 at 8:18 am

    MUMBAI: Chinese smartphone maker OnePlus on Saturday announced the launch of its first "OnePlus Authorised Store" in the country here."The new 'OnePlus Authorised Store' is designed to complement our online first business strategy and also attract new users, while serving as a destination for our fast-growing community to experience and purchase OnePlus products," Vikas Agarwal, General Manager, OnePlus India, said in a statement.The store is part of the smartphone player's focus on creating […]

  • Potential Buffett heir reveals the start of his Berkshire stake
    on January 20, 2018 at 5:58 am

    By Noah BuhayarGreg Abel is seen by many analysts and investors as the likeliest candidate to one day lead Berkshire Hathaway Inc. The latest disclosure on his stock holdings offers just a glimpse of his potential stake in Warren Buffett's sprawling company.A regulatory filing on Friday shows Abel indirectly holds about $2.1 million of stock in the Omaha, Nebraska-based company. But a separate disclosure last year noted an agreement that could catapult his holdings higher. That filing showed he […]

  • 10,500 is fair value for Nifty but 8800 can’t be ruled out: UBS
    on January 19, 2018 at 6:28 am

    Talking to ET Now, Gautam Chhaochharia, ED & Head of India Research, UBS, says if oil spurts further, if economic recovery can't be seen even from a lower base and earnings fail to catch up, Nifty at 8800 could become a possibility.Edited excerpts: The markets are at an all-time high and as I go through your earlier notes, your 2018 Nifty target of 10500 has already been met, but you do have an upside scenario for the Nifty pegged at 11900 and a downside of 8800 as well. What do you think […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]