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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

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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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State Bank of India will hire less this year, thanks to merger of associate banks

State Bank of India had 2,06,994 employees as of March 31, 2017, including 13,097 who joined and 11,264 who retired; the combined strength (including associate banks' employees) stood at 2,78,872.

May 22, 2017

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SpiceJet, Jet Airways, Interglobe Aviation likely to trade sideways over GST service tax on transport

The GST Council reduced service tax on economy class to 5 percent from 6 percent while raising it to 12 percent on business class from the current 9 percent.

May 21, 2017

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The United States and Saudi Arabia Sign Military Deals Worth Almost $110 Billion

The United States on Saturday (May 20) announced military deals worth nearly $110 billion, during a visit by President Donald Trump to Saudi Arabia. Business leaders on both sides were keen to demonstrate their talks had been a success, so there was an element of showmanship in the huge numbers.

May 20, 2017

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Market outlook: Stocks to watch out for after announcement of GST rates

The impact of tax rates announced by the GST Council for most goods (except gold and some items) and services will be reflected on Monday trading.

May 20, 2017

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GST rate on capital goods no game changer; impact on L&T, ABB, BHEL, Siemens, Thermax seen as minimal

The GST Council fixed the rate on capital goods at 18 percent while on coal, a key raw material, it is 5 percent. Companies dominating this industry include L&T, ABB, Siemens, BHEL and Thermax.

May 20, 2017

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