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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

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In a first, Sensex crosses 31,000-mark, Nifty nears 9,600 level

The 30-scrip Sensitive Index (Sensex) of the BSE crossed the 31,000 mark for the first time to touch a new high of 31,034.30 points intra-day.

May 26, 2017

IT Layoffs: Cognizant opens up about 'voluntary separation offer,' says beneficial to new generation of employees

Cognizant also said that this is the first time that the company has introduced an offer like this, whereas other firms have been doing it for years.

May 26, 2017

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Sensex hits record high; banks rally

The benchmark Sensex rose 1.48 percent to end at 30,750.03 points, after earlier climbing to a record high of 30,793.43.

May 25, 2017

Wipro issues 4 lakh equity shares under stop option plans; HCL Tech stock buyback at Rs. 1,000 per share

The equity shares issued by Bengaluru-based IT software services company are under Restricted Stock Unit Plans 2004, 2005 and 2007.

May 24, 2017

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Infosys CEO Vishal Sikka takes huge salary cut for FY2017

The Infosys 2017 annual report gives details of salary, incentives and ESOPs for CEO Vishal Sikka, COO Pravin Rao and other top executives for 2016-17.

May 24, 2017

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Sensex, Nifty end in the red; Tata Motors, GAIL buck the trend, close with gains

With many brokerages recommending a "buy," Tata Motors is the top gainer on BSE, rises 5 percent in intraday high; GAIL (India), Adani Ports also gain.

May 24, 2017

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US plays spoilsport with OPEC

President Donald Trump's proposal to sell half of the United States' strategic oil reserve runs counters OPEC's efforts to control supply in order to boost prices.

May 23, 2017

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Sun Pharma, Kotak Mahindra Bank, CRISIL, GAIL buzzing stocks on BSE

CRISIL, Kotak Mahindra Bank, GAIL and Sun Pharma are top-trending stocks on the BSE; Taro reported 26 percent fall sales and 28 percent drop in net profit for Q4.

May 23, 2017

Ford sacks CEO Mark Fields, appoints Jim Hackett as successor

Hackett is the current head of Ford Smart Mobility LLC subsidiary and will report to Executive Chairman Bill Ford.

May 22, 2017

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SpiceJet, Jet Airways, SBI, Bank of India, Bank of Baroda, Piramal, Fortis among top losers on BSE; ITC top gainer

Aviation stocks such as SpiceJet, Interglobe and Jet Airways drop due to rising crude oil prices; Fortis, SBI, other PSU banks fall on profit-booking; ITC spurts 6 percent.

May 22, 2017

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Titan, PC Jeweller, Gitanjali Gems among world's top 50 luxury brands

In the fourth annual Global Powers of Luxury Goods report, Titan was ranked 31st, Gitanjali Gems 30th and PC Jeweller 44th; Louis Vuitton topped the list.

May 22, 2017

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Cathay Pacific to undertake biggest job cut in 20 years; Singapore Airlines reports weak results

Hong Kong-based Cathay Pacific Airways will cut 600 jobs to save money amid mounting losses; Singapore Airlines reports drop in revenues and operating profit.

May 22, 2017

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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Besides Softbank and Saudi Arabia's Public Investment Fund, the new fund's investors include Abu Dhabi's Mubadala Investment, Apple Inc, Qualcomm, Taiwan's Foxconn Technology and Japan's Sharp Corp.

May 22, 2017

Play

Meet Consolata, a woman who benefitted from the programme ambulance taxi in Tanzania

A first-of-its-kind ambulance taxi service created by the Vodafone Foundation to save the lives of high-risk pregnant women in two Tanzanian districts the size of Belgium. Consolata is one of the women who benefitted from the programme that helped reduce the maternal mortality by 27%.

May 22, 2017

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