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Last Updated Tuesday January 23 2018 09:02 PM IST

COMPANIES

Airtel Q3 profit misses forecasts

The smaller-than-expected quarterly net profit comes after the telecoms regulator more than halved interconnection fees last year.

AirAsia CEO says India unit explores IPO

The company will seek approval at AirAsia India's next board meeting to pick a banker to start the preliminary process for the IPO, Fernandes said on Twitter.

Embattled IT sector set to press reset button in 2018

But 2018 promises to be better as clients loosen their purse strings for emerging technologies like automation and artificial intelligence to increase efficiency and productivity and to stay ahead of competition.

2017: Indian IT industry's year of disruptions

The industry has been wading through the challenges thrown by disruptive technologies, changing business models, rising protectionism, anti-globalization and political and economic upheavals and single-digit growth.

Ola acquires Foodpanda India for $200mn

According to the cab aggregator platform's statement, the deal includes the transfer of Foodpanda's India business to Ola in an acquisition deal in exchange for Ola stock.

Whitman stepping down as HP Enterprise CEO

Meg Whitman on Tuesday announced that she will step down as chief executive of Hewlett Packard Enterprise Co, ending a 6-year tenure that included overseeing one of the biggest corporate breakups in history. Shares of HPE fell more than 6 per cent in after-hours trading. Hewlett Packard

Happy birthday Google!

'Born' in a garage, Google turns 19 on Wednesday. Celebrates with surprise gifts on homepage.

Google may soon buy HTC, say reports

The deal may be a strategic partnership or an outright buyout of the entire smartphone unit but will not include HTC's virtual reality business, HTC Vive.

Baba Ramdev's Patanjali finds a seller in IT ministry

Common Services Centers, set up under the IT ministry for government services in rural India, will now sell products of Yoga guru Ramdev's Patanjali, fertilizer firm IFFCO and software company Tally Solutions.

Subsidiary bank mergers drag SBI Q1 results

The bank will need to make additional provisions of Rs 85.71 billion this financial year for its exposure to 12 large borrowers which have been taken to bankruptcy court.

Uber CEO takes leave of absence amid sweeping changes after scandals

Kalanick's move comes after a months-long investigation led former US attorney general Eric Holder, who was hired by Uber to look into its culture and workplace practices after a female former employee publicly accused the company of what she described as brazen sexual harassment.

Zomato reports data theft of 17 million users

The stolen information contains user email addresses and 'hashed' passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website.

Wipro unveils new logo

The new logo, which replaces the multi-colored sunflower introduced in 1998, comprises dots, which Wipro says, represent the way it 'connects the dots' for its clients.

Infosys appoints Ravi Venkatesan as co-chairman

The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO's salary hike, severance package to former employees and corporate governance standards.

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