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Business

Saudi Crown Prince Discards Royal Balancing Act For One-Man Rule

The detentions on grounds of corruption — seen by some as a power grab by 32-year-old Crown Prince Mohammed bin Salman — have ended a system by which kings maintained stability in the world’s largest oil supplier by parceling out powers to different branches of the family. Two weeks ago, Saudi Arabia’s powerful crown prince hosted some of the world’s ... Read More »

Cut in interconnect charge may boost RIL’s EPS by 8%

ET Intelligence Group: Savings from the sharp cuts in the interconnect usage charges (IUC) should result in an upgrade in the projected valuations of R Jio, the telecom venture of Reliance Industries BSE -0.54 % (RIL). That should create room for further upside at RIL BSE -0.54 %, now trading close to record highs. The stock has gained nearly 20 ... Read More »

Infosys to hire 6,000 engineers annually over next 2 years, ramps up recruitment in US, Europe

New Delhi:  Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last fiscal, according to a top company official. The country’s second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide ... Read More »

Royal Enfield Still In The Hunt For Ducati With $1.8 Billion Bid

Amidst several rumours, a recent report suggests that Royal Enfield parent Eicher Motors is closing in on its bid for buying Ducati and the Monster motorcycle could soon be a part of the Indian company’s stable gaining to access to the Italian brand’s technologies, brand equity and global presence. We told you earlier this year about Royal Enfield’s parent company ... Read More »

Bird Group interested in AI ground-handling unit

Delhi-based Bird Group has expressed interest in acquiring Air India Air Transport Services Limited (AIATSL), the ground-handling subsidiary of Air India as the Government goes ahead with the disinvestment of the national carrier. The group confirmed that it had expressed its interest to the aviation ministry “in bidding for [the] ground-handling subsidiary of Air India – Air India Air Transport ... Read More »

‘Order on net neutrality in a month’

The Telecom Regulatory Authority of India is likely to come out with its recommendations on the long-pending controversial issue of net neutrality in a month’s time. “All stakeholders are actively participating in this [net neutrality] debate. “I think TRAI should be able to give appropriate recommendation to the government, which they have asked for,” TRAI Chairman R.S. Sharma said after ... Read More »

Pakistan confirms it has suspended talks, visits with US ‘in protest’ against Trump’s criticism

Pakistan suspended bilateral talks and visits with the US “as a mark of protest over the recent anti-Pakistan diatribe by US President Donald Trump”, said top government sources to Dawn newspaper. Pakistani government officials meanwhile told another newspaper, Nation, that the country will likely not engage in any open talks with Washington before prime minister Shahid Abbasi’s visit to the ... Read More »