Business news

Microsoft investors celebrate after stock hits new record high

Growth in its software and Azure cloud services business bolstered Microsoft's stock to $108.20 in early trade, resulting in a market cap of $832 billion after its earnings call. The company is now a close third, in the race with Apple and Amazon to be the first $1 trillion company.

Jul 21, 2018

Wipro sees strong demand for services from financial clients

Beating analysts' forecasts, net profit for the IT firm grew 2 percent mostly for its US businesses. India and the Middle East contribute around 10 percent, a number that the company is keen to change at the earliest.

Jul 21, 2018

Trump holds his signed memorandum on intellectual property tariffs

Trump's trade war: Amazon, Toyota working to counter tariff plans

Toyota Motor North America, a subsidiary of Japan's Toyota, even flew workers to Washington for a rally this week in front of the U.S. Capitol.

Jul 21, 2018

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Weak Rupee, no-confidence vote help IT stocks soar

Sensex sees a rise as Rupee weakens after a no-confidence vote and a drop in the value of the Yuan. IT stocks are the biggest earners from the weakening value of India's currency.

Jul 20, 2018

Comcast concedes defeat to Disney, withdraws bid for Fox

Comcast announced that it was dropping its $66 billion bid for Twenty-First Century Fox, clearing the path for Disney to take over the lucrative entertainment assets. Comcast will now focus on acquiring a stake in European broadcaster Sky.

Jul 20, 2018

If TRAI has its way, iPhones may soon stop working on Indian networks

The body on Thursday launched a new regulation making it mandatory for TRAI's DND app to be installed on all devices, or else it could force mobile operators to de-register non-compliant devices, mainly iPhones since Apple is yet to allow DND on the App Store.

Jul 20, 2018

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Ola expands Australian services with Adelaide

The Indian app-based taxi service has announced operations in its sixth Australian city on Thursday. Riders in Adelaide will be offered discounted services as Ola begins services in the city.

Jul 19, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

New report finds digitisation could open up a market worth $39 billion for India

A report by Google-KPMG found that digitisation could unlock export opportunities worth $39 billion for Indian businesses in travel, media and entertainment and real estate, amongst others by 2022.

Jul 19, 2018

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Sensex continues to trade flat ahead of no-confidence motion against Modi government

The parliament will debate a no-confidence motion tabled by opposition parties against the Prime Minister Narendra Modi's government on Friday.

Jul 19, 2018

Amazon close to edging out Apple as most valuable American company

E-commerce giant Amazon's market cap touched $900 billion following the success of its Prime Day sale. Headed by Jeff-Bezos, the company now looks at dislodging Apple as the most valuable company in the USA.

Jul 19, 2018

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Multiplexes and movie theaters in Hyderabad ordered to sell snacks at MRP

Movie theatre owners have been directed to display prices of all packaged goods to be sold at MRP. Sales of unpackaged popcorn will be regulated as well, by introducing universal weight measurement for all multiplexes and single-screens.

Jul 19, 2018

After EU fine on Google, mobile industry might face a huge shake-up

The European Union has fined Google for illegally forcing its applications on hardware manufacturers. The ruling could allow makers such as Microsoft and Amazon to launch its own software, without affecting sales in the EU.

Jul 19, 2018

Director General of the World Trade Organization Roberto Azevedo

The WTO is under threat, will they step up?

A new report by the Bertelsmann Foundation says that the credibility of the WTO is under threat, and the organisation could face closure if more countries vacate its Appellate body.

Jul 18, 2018

Skytrax World Airline Awards: Singapore Airlines named world's best for 2018

Singapore's triumph highlighted resurgence in Asian carriers, which have contested against their Middle Eastern counterparts for supremacy ever since UK-based aviation industry reviewer Skytrax introduced its awards in back in 2001

Jul 18, 2018

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AI boom in India leads to drop in hiring at software firms

Nasscom predicts a fall in hiring, especially of laterals in the software industry this year as automation continues to grow into a staple of sorts at larger firms. Campus recruitments are expected to remain flat due to the increase in the number of SMEs and start-ups.

Jul 18, 2018