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Steel industry

PE investors see investment opportunity in India's troubled steel sector

Nearly one third of $46 billion bank loans given to country's steelmakers have turned sour in fiscal 2016, says a report by Bloomberg. Jul 17, 2016
AirAsia India

Investors to infuse Rs 234 crore in AirAsia India

The latest round of funding for AirAsia India is yet to take place. Jul 17, 2016
Wipro

Wipro Q1 FY2017 results: Azim Premji-led company in focus after TCS, Infosys

Wipro, which had given a IT revenue guidance of $1,901 to $1,939 million for the June 2016 quarter, will announce results on Tuesday. Jul 16, 2016
Coca Cola

Coca-Cola to offer coffee, milk as breakfast beverage: Report

The cola giant will sell packaged coffee beans of the arabica variety in Brazil, where it will also acquire a dairy product maker. Jul 16, 2016
Employees work on an assembly line of Hero Motocorp during a media tour to the newly opened plant in Neemrana, in the desert Indian state of Rajasthan, Oct.20, 2014.

Hero Motocorp shares rise higher than TVS Motor Co. and Bajaj Auto in one year

Hero Motocorp, which launched its first in-house vehicle Splendor iSMART110, has had a good run at the Indian stock markets. Jul 16, 2016
Reliance communication advertisment

Reliance Q1 net profit up 18% to $1.1 billion, beats estimates

The gross refining margin on each barrel of crude processed was $11.5 in the June quarter, compared to $10.4 a year earlier. Jul 15, 2016
Infosys employees

Infosys reintroduces employee stock option; attrition up by 3 percent in Q1 FY17

Infosys to reward 7,500 junior to mid-management employees with stock option, says UB Pravin Rao, COO, Infosys. Jul 15, 2016
Idea Cellular

Idea to offer up to 45% more internet on all existing mobile internet packs

The offer appears to target small time mobile internet subscribers with data packs below 1 GB across 4G, 3G and 2G networks. Jul 15, 2016
pnb-punjab-national-bank

PNB shares rally 13.3% since RBI okays foreign investment into state-run bank

PNB shares are surging on account of its housing subsidiary filing an IPO and a seven-year old restriction on receiving foreign funds being struck off. Jul 15, 2016
Bell Helicopter

Tata Advanced Systems, Bell Helicopter sign chopper deal

The two firms would jointly develop commercial and government rotary wing markets in India under the light utility segment. Jul 15, 2016
Steel Imports MIP Steel imports from China

Essar Steel Algoma sale suffers setback; American PE fund KPS Capital Partners opts out of bidding consortium

The consortium agreement has been terminated, but the lenders will continue to bid independently. Jul 15, 2016
Infosys

Infosys Q1 2017: Here is what Vishal Sikka, Pravin Rao, M.D. Ranganath said after June quarter results

Infosys lowers its revenue guidance for FY2017 after declaring June quarter results while CEO Vishal Sikka talks about challenges. Jul 15, 2016
Infosys IT company

Infosys Q1 2017: Shares plunge almost 10% on disappointing June quarter results, downward guidance

Shares of Infosys dropped sharply after it declared its June 2016 quarter results on Friday. Jul 15, 2016

Microsoft wins landmark appeal over seizure of foreign emails

Microsoft had been challenging a warrant seeking emails stored on a server in Dublin, Ireland, in a narcotics case. Jul 15, 2016
ONGC gas prices

ONGC Videsh to raise $1.1 billion to fund stake purchase in Russian Vankor oilfield

ONGC has restricted its guarantee amount to 109 percent of the principal amount of the bonds outstanding. Jul 14, 2016
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