Business news

How Infosys, TCS, Wipro, Tech Mahindra are expected to perform in June quarter

Profit margins of Infosys and TCS are likely to be hit due to the salary hikes announced during the last quarter, while Wipro and Tech Mahindra are projected to lag in revenue growth.

Jul 4, 2016

Funds from IPOs hits a nine-year high in April-June quarter of FY2017

IPOs scheduled for the second half (July to Dec) of the fiscal might bring even bigger bounty than the first half (Jan to June).

Jul 4, 2016

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Hero Motocorp workers at Gurgaon unit to get salary hike

However, the hike of about Rs. 12,500 over three years, effective from August 2015, is lower than the Rs. 18,000 the workers were demanding.

Jul 4, 2016

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher Airlines' financial details lost without backup

The financial data is a crucial link in the alleged fraud in transfer of funds and other nonpayment of dues by the Airlines.

Jul 4, 2016

SBI to Govt Panel: ready for a one-time settlement with Vijay Mallya

The bank was ready for a haircut with some existing bad loans and it is not insisting on payment of interest upon interest, says a report

Jul 4, 2016

Real Estate aggregator Zenify floats expansion plans, revenue hike by 2021

Zenify looks at ambitious expansion plans, revenue hike and technology enhancement by 2021

Jul 4, 2016

5 bidders finalised for Lafarge's India cement business

Two of the five bidders are foreign firms, which are expected to submit bids of Rs. 8,500-9,000 crore.

Jul 4, 2016

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Kerosene deregulation buzz, price hike lift ONGC, HPCL, BPCL shares

State-run oil firms such as ONGC, Oil India, HPCL, BPCL and IOC rose on speculation of kerosene deregulation.

Jul 4, 2016

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Bank, IT stocks outperform Sensex; Zensar, Firstsource, Allahabad Bank, PNB major gainers

Shares of Zensar Technologies, Infosys, Tech Mahindra, Firstsource and Wipro gained on the BSE on Monday.

Jul 4, 2016

Flipkart, Snapdeal, Alibaba, Abof.com in race to acquire Jabong

The initial rounds of talks are on, and the Jabong sale deal is valued between $250 and $300 million.

Jul 4, 2016

Gold inches up, silver passes $20 threshold at near 2-yr highs

Two of the European Central Bank's top policymakers pressed Britain on Friday to provide a clear-cut plan for leaving the European Union, to prevent more economic damage.

Jul 4, 2016