Business news

Madras High Court upholds DoT's claim to revenue share from service providers; dismisses Aircel petition

The telecom department can claim a share of revenues of the firms, including that from non-telecom activities, ruled the court.

Aug 13, 2016

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Sensex, Nifty poised for volatile trading next week over divergent triggers

The positive news of SC lifting the ban on sale of diesel cars in Delhi is likely to be negated by galloping retail inflation for July at 6.07 percent.

Aug 13, 2016

Air Costa employees not paid salary since June: Report

Debt-ridden Air Costa has not paid salaries to employees since June this year.

Aug 12, 2016

State Bank of India Q1 net profit down 32 percent; shares jump 7.5 percent

SBI shares jumped 7.5 percent even as the bank posted a 31.7 percent decline year-on-year in net profits for June quarter.

Aug 12, 2016

JW Marriott pays Rs. 5.59 crore property tax after BBMP seizes furniture

The civic body seized sofas, chairs, desks and computers from the JW Marriott Hotel.

Aug 12, 2016

A view of the Hewlett Packard headquarters in Palo Alto, California November 23, 2009.

Hewlett Packard Enterprise acquires SGI for $275 million to expand in big data market

Hewlett Packard acquires SGI, a HPC solutions provider for $275 million; the $11 billion HPC market will grow at 6-8% CAGR over the next 3 years.

Aug 12, 2016

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Prestige Estates plans business restructuring

Bengaluru-based real estate firm Prestige Estates informed BSE that it has formed a committee to explore business restructuring.

Aug 12, 2016

Oil up 4 percent as Saudis mull meeting, tighter market forecast

Oil prices jumped the most in a month, rising more than 4 percent on Thursday, after comments from the Saudi oil minister about possible action to stabilize prices.

Aug 12, 2016

BSE Sensex, NSE Nifty, budget 2017, stocks rally, buzzing stocks, wipro share price, kmb share price, hdfc bank share price

Sensex rises almost 300 points, Aditya Birla Nuvo falls 25%; SBI to declare Q1 results

The 30-scrip benchmark index, Sensex, was up almost 300 points in early trade; SBI will be declaring its results later in the day.

Aug 12, 2016

Emirates offers $7,000 as compensation to each passenger on crash-landed flight EK521

The airline is offering the sum to each of the 300 people who were on board the aircraft that crash-landed at Dubai last week.

Aug 12, 2016

aditya birla group merger grasim nuvo financial bse announcement chairman group ok

Aditya Birla Nuvo to merge with Grasim; financial services business to be merged with Aditya Birla Financial Services

The boards of Aditya Birla Nuvo and Grasim approved to merge into one entity; Aditya Birla Financial Services to list separately.

Aug 11, 2016

IDBI Bank posts net profit in June quarter on huge tax write-back; shares gain

Without the tax write-back of Rs. 1,206 crore, IDBI Bank would have posted a loss of Rs. 965 crore for the quarter.

Aug 11, 2016

Intel India, IIT Bombay collaborate to 'incubate' hardware and systems startups

The program is designed to support hardware and systems-based start-ups in India through mentoring, training, lab facilities.

Aug 11, 2016

infosys vishal sikka executives quit resign results quarter june guidance revenue weak profit geog sikka vishal

From algorithm to ESOP, 4 ways Infosys is using to fight attrition

The measures adopted by Infosys also throw light on how IT companies are bracing for changing trends.

Aug 11, 2016

Azim Premji, Shiv Nadar on Forbes' list of richest tech tycoons

Wipro Chairman Azim Premji and HCL founder Shiv Nadar beat Google CEO Eric Schmidt and Uber's Travis Kalanick in Forbes richest billionaires list.

Aug 11, 2016

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