Business news

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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

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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

Tech Mahindra Q1 net profit rises 20.5%, revenues up 10%

Tech Mahindra, which posted a 20.5 percent increaese in Q1 net profit, will focus on automation, says CEO C.P. Gurnani.

Aug 1, 2016

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Facebook June quarter net earnings higher than combined profit of Infy, Wipro, TCS

Menlo Park-based social media company Facebook had net earnings of more than $2 billion, higher than the combined one of Infosys, Wipro and TCS.

Aug 1, 2016

IndiGo-owner Interglobe's Q1 net profit falls 7.4% to Rs. 591 crore

The low-cost carrier's profit fell on account of competitive pricing between airlines during the peak travel season.

Aug 1, 2016

10 percent of entry, mid-level IT jobs will be lost to automation, says Mohandas Pai

Entry-level and mid-level jobs will be cut due to automation in the next 10 years, said the former Infosys HR head.

Aug 1, 2016

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