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Gold

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt. Jul 6, 2017
indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

Ratan Tata backed-Moglix raises $12 million in Series B funding

The latest round of fund-raising saw participation by new investors IFC and Rocketship, apart from existing ones, including Accel Partners. Jul 6, 2017
Amazon CEO Jeff Bezos

Amazon invests Rs 1,680 crore in India amid Flipkart and Snapdeal merger talks

Amazon's infusion Rs 1,680 crore in its India ops is seen as a move to conquer the Indian online retail market, and cut further into Flipkart's pie. Jul 6, 2017

Key Indian equity market indices open higher

Nasdaq closed in green, up by 0.66 percent while FTSE 100 was up by 0.14 percent at the closing on Wednesday. Jul 6, 2017
Microsoft logo

Microsoft employees prepare for massive layoffs likely to begin on Thursday

While the job cuts have been predicted for quite some time, it is now being said that Microsoft's corporate rejig is likely to begin on Thursday, July 6. Jul 6, 2017
Bombay Stock Exchange (BSE)

Indian equity markets close with marginal gains

The 30-scrip Sensex ended 36 points higher at 31,245 points. Jul 5, 2017
wipro iai tie up, wipro ties up with israel aerospace industries, modi visit to israel, india israel friendship, modi visits israel, india israel trade

Wipro announces tie-up with Israel Aerospace Industries

Wipro Infrastructure Engineering (WIN), part of Wipro Enterprises (P) Ltd. and IAI will manufacture composite aerostructure parts and assemblies. Jul 5, 2017
Capgemini

French IT firm Capgemini likely to hire 20,000 workers in India this year

Apart from its plans of hiring employees this year, Capgemini has also re-skilled about 45,000 of its employees until May in a bid to embrace automation. Jul 5, 2017
Snapdeal

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

Snapdeal reportedly did not explain why it had decided to refuse Flipkart's offer, but the talks regarding the sale are said to be ongoing. Jul 5, 2017
essar icici bank axis bank standard chartered bank loans debt deal essar oil steel rosneft 12.9 billion oil petrol refinery ok

SBI, other lenders suffer setback; Essar Steel gets reprieve in loan default case from Gujarat High Court

Estimates put the amount owed by Ruia-controlled Essar Steel at Rs 37,000 crore; the company is one of the 12 defaulters reportedly identified by RBI for swift recovery under insolvency code. Jul 5, 2017
Infosys IT company

Infosys: Employees to get 5-11% annual salary hike, lower than last year; no arrears for 3 months

India's second-largest IT services exporter Infosys gives employees an average hike of 5 to 11 percent as against 6-12 percent last year. Jul 5, 2017
SBI

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button. Jul 4, 2017
sc bar on liquor, bars within 500 metres of highways, liquor stocks, usl share price, sc relief to pubs and bars, karnataka excise department, excise revenue from liquor sale

Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

United Spirts, Khoday, Jagatjit, Globus Spirits gain sharply on the back of Supreme Court making an exception to bars, pubs and hotels located within cities. Jul 4, 2017
infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Krishnamurthy Shankar said that as the industry grows at a rapid pace each year, employees will definitely need to keep up with the changing standards. Jul 4, 2017
axis bank, digital banking, atms, online banking, demonetisation, note ban, digidhan, axis bank annual report 2017

Highlights of Axis Bank annual report FY2017

Credit cards, retail lending, digital banking, focus on SMEs and consolidating position debt markets are key extracts from Axis Bank's annual report for 2017. Jul 4, 2017
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