business

Elder Health Care, the FMCG unit of pharma major Elder Group, is planning to buy two Indian brands in the personal care segment. The possible acquisitions will be from the oral care and body care segments. The company is keen to close the deal as soon as possible to capitalize on lower valuations available currently. … Read more Elder Health Care on buying spree

Tata Consultancy Services (TCS) is looking to partner with smaller overseas companies who can work with them for executing government contracts. Considering the fact that governments across the globe expanding spending on IT solutions, the company wants to grow its government solutions business with minimal increase in payroll costs. The company aims to do this … Read more TCS looks for smaller IT firms as partners for government contracts

Economic downturn has continued to hit the airlines with respect to the demand for air travel. India’s second-largest airline by market share, Jet Airways, is now planning to reduce its fleet. As of now, the airline has 87 aircraft operating on domestic and international sectors. It was reported that Jet is planning to lease out … Read more Jet Airways flying in turbulence plans to reduce its fleet

Reserve Bank of India (RBI) on Monday said that slowdown was deepening in the Indian economy as the main indicators of growth showed significant moderation in a report prepared by the banking regulator. ‘Macroeconomic outlook of the Indian Economy’, based on various business expectations surveys, continues to exhibit the persistence of less than normal sentiments’, … Read more Reserve Bank sees deepening of economic slowdown

Tata Consultancy Services Ltd (TCS) has informed  us that the Board has recommended a Bonus issue of Equity Shares in the ratio of one equity share of the Company of Re 1/- each for every one equity share [ 1: 1 ] The board also recommended a Final Dividend of Rs 5/- per Equity Share … Read more TCS Bonus + Dividend + Results