Business news

Global Funds buy a record $921 million rupee-bonds in 8 days of July: Report

India's growth profile and macro stability increases risk appetite among foreign investors to invest in emerging market assets.

Jul 19, 2016

Wipro's Q1 net profit falls 6%; sets services revenue target of $1.95 billion for Q2

Total revenues of the company increased 11 percent to $2.0 billion, of which IT Services segment contributed $1.93 billion.

Jul 19, 2016

Govt infuses Rs. 23,000 crore in PSU banks; SBI gets Rs. 7,575 crore

Under the Indradhanush road map, the government will infuse Rs. 70,000 crore over 4 years, while banks will raise Rs. 1.1 lakh crore from markets.

Jul 19, 2016

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

Infosys: Top executive exits in management reshuffle after Q1 results

Anup Uppadhayay, who handled large deals at Infosys, has quit as Vishal Sikka CEO rejigs his team after weak June quarter results.

Jul 19, 2016

Pokemon GO: Share price surge doubles Nintendo's market cap, but profit avenues remain unclear

A Japanese fund manager justified the gains in share prices as he estimated the sales from PokÃ©mon GO and related business could bolster net profits by $471 million.

Jul 19, 2016

PNB Housing Finance IPO: PNB subsidiary could see good response like Quess, L&T Infotech

PNB Housing Finance, a subsidiary of Punjab National Bank, is coming up with a Rs. 2,500 crore IPO.

Jul 19, 2016

kris gopalakrishnan start ups india fail doomed bleak future investments in indian startups startup india

Kris Gopalakrishnan: Most start-ups destined to fail, says Infosys co-founder

Infosys co-founder Kris Gopalakrishnan says only about 5 to 10 percent start-ups globally will be able to scale their businesses.

Jul 19, 2016

bluestone vidya online jewellery diamond ruby india caratlane ratan tata investors round funding

Ratan Tata-backed jewellery portal Bluestone raises $30 million

BlueStone, co-founded by Vidya Nataraj and Gaurav Singh Kushwaha, has Ratan Tata, Accel Partners and Kalaari Capital as investors.

Jul 19, 2016

Yahoo reports lackluster results as sale looms

Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected.

Jul 19, 2016

Employees' provident fund investment into indexed equities to remain at 5%

The central board of trustees agreed to continue with only 5 percent investments into exchange traded funds (ETFs).

Jul 18, 2016

Bombay Stock Exchange building BSE brexit crash

Mindtree Q1 net profit down 3.7% to Rs. 123.5 crore; shares fall 4%

Mindtree share prices plunged as the company's net profit decline by 3.7 percent YoY during the June 2016 quarter.

Jul 18, 2016

Reliance Jio 4G effect: Idea cellular now cuts rates on BIG internet packs over 2GB limit

Idea Cellular's new price for its 2GB, 5GB and 10GB data packs are Rs. 349, Rs. 649 and Rs. 990, respectively.

Jul 18, 2016

Jennifer Aniston helps Emirates fly high; airline ranked UAE's top brand

Other brands that ranked among the top by market research firm YouGov are WhatsApp, Samsung, Facebook, Apple, YouTube, Emaar, Google and Eithad.

Jul 18, 2016

ICICI to sell 12.65% stake in insurance firm, ICICI Pru Life

ICICI Prudential Life's sale of 1.81 crore equity shares could be valued at Rs. 5,000 crore.

Jul 18, 2016

Pokemon Go alternatives: Best AR-based games that can fill the void

Pokemon Go: Nintendo investors may not gain much from game's popularity, says report

PokÃ©mon Go has been developed by Niantic Labs, a JV between Google and PokÃ©mon Company, in which Nintendo has 32 percent stake.

Jul 18, 2016

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