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  • Companies

    Lemon Tree Hotels plans to have 107 hotels by 2021

    Kolkata: Lemon Tree Hotels, the country's largest hotel chain in the mid-priced hotel sector and the third largest overall, have plans to expand the tally of its hotels to around 107 in the next two years. It launched its 58th hotel: Lemon Tree Premier with 142 rooms at New Town in Kolkata on Wednesday. The 14-storeyed property, which came up at an investment of Rs 140 crores in the past one...

    • 3 hrs ago
  • Companies

    L&T Q2 profit rises 13 pc to Rs 2,527 crore

    New Delhi: Larsen & Toubro on Wednesday posted over 13 per cent rise in its consolidated profit after tax at Rs 2,527.26 crore for the quarter ended September 30. The company had posted a consolidated PAT of Rs 2,230.49 crore in the year-ago period, Larsen & Toubro said in a filing to the BSE. "The overall PAT at Rs 2,527 crore, including the PAT from discontinued operations for the...

    • 5 hrs ago
  • Companies

    Infosys recovers lost ground; rises over 1 per cent

    New Delhi: Shares of Infosys on Wednesday bounced back, rising over 1 per cent, after a massive selloff in the previous session on concerns over a whistleblower complaint against the company's top executives. The scrip gained 1.28 per cent to Rs 651.55 on the BSE. On the NSE, it rose by 1.26 per cent to Rs 651.70. Shares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst...

    • 11 hrs ago
  • Companies

    Mahindra opens all-women workshop

    PUNE: Mahindra & Mahindra, India's biggest utility vehicles maker, has opened country's first all-women-run automobile service workshop in Jaipur to promote recruitment of women in core productive roles across the company's automobile workshops. Run by a team of nine women, the facility, called Compact Qwik (CQ) outlet, is a Mahindra authorised two-bay workshop. Owned and operated by Kalyan Motors,...

    • 18 hrs ago
  • Companies

    Thomas Cook India in talks for buying out brand

    Chennai: Thomas Cook India is negotiating with the liquidator of its global namesake to buy out the brand. Post the collapse of London-based Thomas Cook Group Plc, Thomas Cook India is exploring ways to retain its brand identity. 'We have two options. We can either get the brand forever from the liquidator or go for a new brand after the tenure to use the current one ceases,' said Rajeev Kale,...

    • 22 hrs ago
  • Companies

    Infosys may need some private time to fix itself

    India's best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys can hit only two goals at a time. Or so it would appear from yet-to-be-proven whistle-blower allegations against Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy that they used hyper-aggressive accounting practices to hide from investors the lack...

    • 22 hrs ago
  • Companies

    infosys falls 15 per cent after complaints

    Mumbai: Infosys shareholders we-re stunned as a whistleblower's complaint to company and the US Se-curities Exchange Com-mission about its unethical accounting practices to boost earnings kno-cked 16.21 per cent from its share price value on Tuesday. It came as a rude shock for 9.19 lakh Infosys shareholders who lost Rs 52,922.18 crore of their accumulated share price value in a day as the stock opened...

    • 22 hrs ago
  • Companies

    Airtel tops in 4G download speed, Idea in uploading: Report

    New Delhi: Bharti Airtel has the best 4G network in terms of data speed and video streaming while Idea takes the lead in data upload speed, according to mobile services analytics firm Opensignal. The UK-based firm found that Reliance Jio's 4G services are available to users 97.8 per cent of the time while Airtel stood second with 89.2 per cent. Due to availability of 4G services most...

    • yesterday
  • Companies

    Amid row over CEO; Infosys shares crash, investors lose Rs 53,000

    Mumbai: Erasing investors' wealth worth nearly Rs. 53,000 crores, Infosys shares crashed by more than 16 per cent on Tuesday in their worst single-day drop in over six years. India's second largest IT services company Infosys was the biggest loser in the Sensex pack, plummeting 16.21 per cent after an anonymous group claiming to be employees of the firm on Monday placed a...

    • yesterday
  • Companies

    Kotak Mahindra Bank beats estimates; quarterly profit surges 51 per cent

    Bengaluru: Kotak Mahindra Bank Ltd reported its biggest quarterly profit in at least 17 years on Tuesday on higher interest income. Net profit rose 51.1 per cent to 17.24 billion rupees (USD 243.15 million) for the three months to September 30, compared with 11.42 billion rupees last year, the Mumbai-based private-sector lender said in a filing to the exchanges. Thirteen...

    • yesterday

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