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Tata companies showcase 3,300 implemented innovations at Innovista programme

A statement issued by the conglomerate says Tata companies more than doubled its implemented innovations in two years.

May 11, 2017

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Cognizant seeks 2 weeks from Telangana govt to explain charges of layoffs; CFO says H-1B visa holders do not offer benefit over American workers

Cognizant management holds talks with Telangana government over allegations of forced layoffs; its CFO Karen McLoughlin says in an earnings call that H-1 B visa holders do not offer price differential over American workers.

May 11, 2017

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State Bank of India to declare last pre-merger quarterly results on May 19; clarifies on ATM charges

Five associate banks — SBH, SBBJ, SBM, SBT and SBH — merged with State Bank of India effective from April 1, 2017; SBI issues clarification on ATM charges.

May 11, 2017

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Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

While Paytm is in the race to buy FreeCharge from Snapdeal, the e-commerce company (Snapdeal) is reportedly up for sale to bigger rival Flipkart.

May 11, 2017

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Close to 100 stocks trading nearing lifetime high on BSE

With benchmark indices Sensex and Nifty hitting new levels, many stocks such as Ceat, ICICI Prudential, Titan, GAIL, Voltas, HDFC and HUL are nearing their lifetime highs.

May 11, 2017

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IT layoffs: After Cognizant and Infosys, Tech Mahindra likely to sack over 1,500 employees

Tech Mahindra may hand out pink slips to over 1,500 employees for poor performance but it is yet to be revealed whether the decision will affect workers across the board or only at certain levels.

May 11, 2017

Apple tops $800 billion market cap for first time

Apple Inc became the first US company to top the $800 billion mark in market capitalisation, and the iPhone maker's shares have gained 33 percent this year and almost 50 percent since the US election.

May 11, 2017

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

In a statement, Japanese conglomerate SoftBank said it has recognized Japanese yen 160,419 million (~$1.4 billion) as loss on accounts of its investments in Snapdeal and Ola.

May 10, 2017

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SoftBank logs second-best annual profit, keen to talk about a deal for Sprint

Japan's SoftBank Group Corp reported 13 percent rise in full-year operating profit, gaining from cost cuts and a rise in subscribers at its US wireless unit Sprint Corp..

May 10, 2017

Reliance Growth Fund says Rs 1 lakh grows to Rs 1 crore in 22 years

In a comparison to drive home its success, Reliance Growth Fund says Rs 1 lakh invested in the scheme in 1995 is worth Rs 1 crore now.

May 10, 2017

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NSE Nifty crosses 9,400 for first time; Sensex hits new lifetime high on upbeat monsoon rainfall prediction by IMD

Just before closing hours, NSE Nifty crossed the 9,400 mark while the Sensex hits historic high of 30,271; HUL shares gain sharply.

May 10, 2017

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RBI initiates 'prompt corrective action' against IDBI Bank

The development follows April 13, 2017 revision of the prompt corrective action (PCA) guidelines by RBI.

May 10, 2017

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Closing your car loan? Don't make these mistakes

It's not just payment of the last EMI, make sure you complete the formalities to bring a closure to your car loan.

May 10, 2017

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Quick updates on Indian markets: HUDCO IPO, mid-cap shares, buzzing stocks, Sensex reclaims 30,000 mark, Hero Motocorp Q4 results

Tracking Asian stock markets, BSE Sensex gains 240 points to cross the 30,000 again, benchmark indices rally led by select stocks like HUL, Mahindra, Airtel.

May 10, 2017

Wipro, Infosys react to reports of layoffs; Capgemini responds to rumours about laying off 9,000 employees

In separate statements, IT software exporters Wipro and Infosys respond to reports of layoffs affecting many employees, after Capgemini also reacted to similar news.

May 10, 2017

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