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IndiGo's Aditya Ghosh gets Rs 21-cr incentive after record profit IndiGo’s President and whole-time Director   Aditya Ghosh   took home Rs 27 crore in salary, including Rs 20.9 crore in one-time incentive for the financial year ended March 31, 2016. India’s most profitable airline was also generous in rewarding its 12,000-plus employees who received an average 42 per cent rise in remuneration in FY16. Ghosh received the incentive “in recognition of his efforts towards the growth and success of the company during the financial year ending March 31, 2016,” the airline said in its annual report. Ghosh earned Rs 27 crore in gross salary and 700,000 shares in stock options in FY16. In FY15, he had received a gross remuneration of Rs 3.7 crore, according to the airline’s initial public offering prospectus.   (more)

Wal-Mart buying Jet.com to lift online sales, battle Amazon Wal-Mart Stores Inc, vying to better challenge Inc, will pay about $3 billion for internet retailer Jet.com   and its innovative pricing software in the largest-ever deal for an   e-commerce start-up. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart , the world's biggest traditional retailer, has already bought 15 start-ups, seeking the talent and technology needed to make it a dominant player online and narrow the massive gap with market leader   Amazon . Wal-Mart's online division has underperformed against Amazon, posting its slowest growth in a year in the first quarter as it struggled to gain traction with consumers, especially millennials. Jet.com   was launched by internet entrepreneur Marc Lore in July 2015 and includes software that can offer a customer lower prices as they add items to their shopping cart. Wal-Mart has said it would integra...

5 key takeaways from the Infosys results It does not take the markets too long to analyse Infosys’ results. Within seconds of announcement of the results, the stock price reflects what the market thinks about it. It was a poor start for   Infosys   for FY17 with the first quarter number missing analysts’ expectation on the revenue front. The markets showed their disappointment by pushing the stock 9% lower. The June quarter numbers came as a surprise, especially when market was getting complacent on Infosys beating expectations as it did in it last four quarters. Apart from revenue there are some more disappointments in the quarterly numbers. Here are five key   takeaways   from the Infosys results. 1. The company reported 2.2% QoQ growth in dollar revenues but a 1.7% growth in constant currency terms which was mainly on account of lower volume growth which grew by 2.2% as compared to 2.4% in the previous quarter. Justifying the lower-than-expected numbers, I...

Samsung profit rises on new smartphone technology Six months after it warned that 2016 would be a tough year,   Samsung   Electronics is showing that new technology and new phones are beginning to pay off. The South Korean technology conglomerate said on Thursday that its operating profit for the three months that ended in June rose 17 per cent over the same period a year ago. The jump in growth beat analysts' expectations and led to the company's best quarterly profit figure in two years. At the heart of the recovery is the sustained popularity of Samsung's flagship S7 phone, which analysts say has sold well despite the competitive pressures from Apple. Bolstering that success are steady sales of the company's lower-end phones. If Samsung's profit growth in the first half of 2016 comes from weathering difficult conditions in the global   smartphone   markets, analysts say the rest of the year will be more dependent on its lesser-known products: memory c...

Infosys, India’s second largest IT services company on Thursday beat the street’s estimates with better than expected financial numbers for the quarter ended December 31, 2015. The Bengaluru-based company reported 6.6 per cent growth in net profit to Rs 3465 crore while its revenues grew 15.3 per cent at Rs 15,902 crore when compared with the corresponding quarter in the previous fiscal. The company’s growth was supported by a strong volume growth (growth in billed manpower in a quarter) of 3.1 per cent on QoQ basis.   Read Articles