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Tech Mahindra shares witness steepest fall in 9 years; stock crashes 17% over weak Q4 results; Sensex, Nifty rebound

On Monday, IT services company Tech Mahindra saw its shares plummet 17 percent after it reported dismal Q4 results the previous week.

May 29, 2017

IT layoffs: Cognizant job cut plea closed in favour of retrenched employees; what's next?

The relief comes after eight employees had filed a plea with the labour department saying that Cognizant had sacked many of its employees on the basis of the annual performance appraisal.

May 29, 2017

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Key Indian equity indices trade in red

The Sensex was trading at 122.78 points or 0.40 per cent lower soon after opening, while Nifty was also trading 20.60 points or 0.21 per cent lower at 9,574.50 points.

May 29, 2017

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NIFT, Senco Gold boost budding designers, new styles

To execute the two-way collaboration, students from the institute will intern at the jewellery company, which will showcase their designs.

May 27, 2017

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ITC posts 12% rise in Q4 net profit on excise duty savings, revenues up 6%

For the fourth quarter (Q4) ended March 2017, ITC's net profit stood at Rs 2,669 crore, helped by Rs 500 crore saved on account of excise duty.

May 27, 2017

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Low bank deposit rates push retail investors to liquid funds

In 2016-17, retail portion of AUMs of liquid funds rose 42 percent to Rs 5,800 crore from Rs 4,100 crore in the preceding fiscal, says Cafemutual.

May 27, 2017

India-born Rajeev Misra joins Japan's SoftBank board

Rajeev Misra and four others will be formally elected on June 21, SoftBank said.

May 27, 2017

Rakesh Sarna, head of Tata's hotel business, resigns; will leave in September

Rakesh Sarna, the chief executive and managing director of Tata Group's hotel business, said he was stepping down for personal reasons.

May 27, 2017

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Tech Mahindra Q4 net profit plunges 33%

Consolidated revenue grew 9.9 percent to Rs 7,733 crore for the quarter under review.

May 27, 2017

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ONGC Q4 net profit falls 6% to Rs 4,340 crore

Total income for the March 2017 quarter (Q4) increased by 29.24 percent to Rs 26,233.56 crore.

May 27, 2017

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Indian firms' foreign borrowings in April triple to $1.30 billion

The external commercial borrowings (ECBs) of Indian companies went up more than three-fold to $1.30 billion in April; the corresponding figures stood at $304.57 million in the same month last year, the Reserve Bank of India has said.

May 27, 2017