Today’s Business Headlines – 21st April 2017 – Tentaran.com

Here are the Business Headlines as on 21st April 2017:

Business Standard

After ‘rigorous performance appraisal’, Wipro sacks nearly 500 employees. The move comes even as Indian IT firms have reduced campus hiring.
Finance Ministry approves 8.65% interest rate on EPF for 2016-17.
Supreme Court Allows NDMC To Auction Hotel Taj Mansingh. Tata Group entity loses legal battle to get lease extension.
Warburg In Lead To Buy Part Of Watsa’s ICICI Lombard Stake, slightly more than 25% valued at about $1billion.
Online classifieds platform Quikr has expanded its Doorstep services to allow customers to buy and sell used goods across cities.
Rs 1,000-crore capex plan for Hathway Cable. The company launches broadband services in Chennai.

Mint

H-1B visas: India talks tough, signals it may hit back over US curbs.
Future Retail to demerge home retail business, consolidate its offline and online home retail businesses under a single entity called Praxis Home Retail.

Economic Times

US’ Conduent sues Cognizant for ‘Contract breach’, seeks damages of over $150 million.
Future group will sell its products on rival online platforms Amazon and Bigbasket as it aims for Rs.20,000 Crore sales of own brands by 2021.
Samara Capital, a mid market India-focussed private equity fund has bought out 100% of SMS, one of the largest facilities management company of India.
Ola’s board approved the $100 million investment in March, four months after Ola infused $250 million that lowered the firm’s valuation to about $3 billion.

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