Business news

Vedanta Q4 consolidated net profit at Rs 2,989 crore

Consolidated revenue rose 41 percent to Rs 22,371 crore.

May 15, 2017

ICICI Bank, HDFC slash home loan rates

For loans up to Rs 30 lakh, interest rate on home loan will be 8.40 percent for men and 8.35 percent for women, say ICICI Bank and HDFC; the cuts come a week after SBI made a similar reduction.

May 15, 2017

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Sensex, Nifty zoom to close at record highs

Positive global cues, coupled with retail inflation and factory output data released last Friday, and early monsoon lifted stock markets; Piramal Enterprises zooms on upbeat Q4 results.

May 15, 2017

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Vani Kola steps down from Kalaari Capital

Director of Snapdeal investor Kalaari Capital since September 2009, she sent her resignation letter on May 2.

May 15, 2017

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SriLankan Airlines to add three new Indian cities to its network

The state-owned carrier will commence services to Hyderabad, Coimbatore and Visakhapatnam from July.

May 13, 2017

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L&T wins order for supply of artillery guns

The contract is valued at about Rs 4,500 crore.

May 13, 2017

Happiest Minds acquires Cupola Technology

Cupola Technology is an IoT services company with innovative solutions across the IoT lifecycle

May 13, 2017

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Nifty likely to touch 10,000 in FY18, says Edelweiss Broking analyst

The 50-scrip, NSE Nifty closed at 9,400 on Friday (May 11), implying a projected rise of 600 points by March 2018, implies Edelweiss analyst Sahil Kapoor.

May 13, 2017

IT Layoffs: 56,000 employees with 7 IT firms, including Infosys and Wipro, could lose jobs in 2017

After Infosys, Wipro, Cognizant, Capgemini and Tech Mahindra made news for cutting jobs and deferring appraisals, it is estimated that 56,000 IT employees could lose their jobs this year.

May 13, 2017

IT layoffs: Are slow growth and automation responsible for mass job cuts in the sector?

IT giants like Infosys, Wipro, Cognizant, Tech Mahindra and Capgemini have made news for the reported layoffs, which seem to have a lot to do with the slow growth in the sector and automation.

May 13, 2017

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Tata Steel to declare Q4, FY17 results on May 16

Early this month, Tata Steel had sold its speciality steels business to Liberty House Group for £100 million.

May 12, 2017

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PVR, Inox shares lose sharply even as Baahubali 2 create box office records

Since the release of Baahubali 2 on April 28, the film has earned record amount at the box office but share prices of multiplexes PVR and Inox Leisure have actually dropped during the period.

May 12, 2017

Baahubali 2: Many key takeaways for investors from movie's success, says Angel Broking

Forget billionaire investor Warren Buffett, Baahubali 2, its story and box office success offer many tips for stock market investors, says Angel Broking.

May 12, 2017