Business news

An employee of Infosys stands at the front desk of its headquarters in Bengaluru

Infosys invests $4 million in Israeli cloud management start-up

Infosys is focusing on its platform business and has developed a cloud ecosystem hub similar to what Cloudyn offers.

Aug 3, 2016

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Emami's Q1 net profit falls 35% on higher finance, lower other income

Emami, with 2,900 distributors across the country, is one of the fastest growing FMCG firms in India.

Aug 3, 2016

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Honda Motorcycle & Scooter, Yamaha, Hero Motocorp post high growth in July

Honda Motorcycle & Scooter India (HMSI), Yamaha India and Hero Motocorp reported good volume sales in July.

Aug 3, 2016

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HCL Tech Q1 net profit up 14.8%; shares jump 8.6%

Shares of HCL Technologies jumped over 8 percent intraday, as the IT company's net profit increased by 14.8 percent year-on-year.

Aug 3, 2016

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HSBC's first-half profit skids 29% on UK, Hong Kong slowdown

HSBC said that pretax profit in the half ended June slipped to $9.7 billion, down from $13.6 billion in the same period a year earlier.

Aug 3, 2016

Lupin buys 21 drugs from Japan's Shionogi to expand its generic portfolio

Shionogi's generic drug portfolio to be acquired by Lupin's Japanese subsidiary Kyowa has sales worth $90 million.

Aug 2, 2016

SBI merger: 30 percent cut and consolidation of branches may not affect employees

A recent proposal has advised SBI to cut, consolidate or relocate 30 percent of its 24,000 branches.

Aug 2, 2016

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Paytm catching up with rival BookMyShow; claims to sell 1 lakh online movie tickets daily

Mobile payment firm Paytm entered online movie ticket booking space in March and is fast catching up with rival Bookmyshow.

Aug 2, 2016

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Advanced Enzyme shares rally 53% in two days; Sensex falls tracking European stocks

Shares of Advanced Enzyme Technologies listed at a premium of 35 percent to its issue price of Rs. 896 per share on Monday.

Aug 2, 2016

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RBL Bank IPO: Issue size, listing, price band, net profit, EPS, revenues, NPAs, and other details you need to know

RBL Bank, the Kolhapur-based private sector lender, is coming up with an initial public offering (IPO).

Aug 2, 2016

HCL Technologies earnings in focus after lacklustre Q1 by peers TCS, Infosys, Wipro

The Indian IT sector is undergoing a shift from resources-heavy IT operations to automation, cloud computing and artificial intelligence.

Aug 2, 2016

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HDFC masala bonds list on London Stock Exchange; Deepak Parekh says sovereign wealth investors bullish

HDFC raised Rs. 3,000 crore via masala bonds last month; the bonds got listed on London Stock Exchange (LSE) on Monday.

Aug 2, 2016

US crude oil edges back over $40, but oversupply still weighs

International Brent crude oil futures were trading at $42.34 per barrel.

Aug 2, 2016

Income tax returns deadline extended to Aug. 5; how to file ITR online [VIDEO]

The original date for filing income tax returns was July 31 and the Jammu and Kashmir can now file it by Aug. 31.

Aug 2, 2016

Wipro to acquire Israeli aerospace machine manufacturer H R Givon

The all cash acquisition is expected to be completed by September this year.

Aug 1, 2016

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