Business news

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Three directors of Bombay Rayon Fashions allegedly misappropriated Rs. 1.90 crore belonging to their employees' provident fund.

Apr 21, 2016

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

State-run Dredging Corporation of India is expected to benefit from initiatives such as "Sagarmala" and "Clean Ganga."

Apr 21, 2016

TCS added more employees than Wipro and Infosys put together in FY16

Tata Consultancy Services Limited added 34,187 employees on a net basis, more than 17,857 by Infosys and 14,695 by Wipro in 2015-16.

Apr 21, 2016

SEBI grants conditional nod to RBL Bank IPO

The Kolhapur-based bank is planning to raise about Rs. 1,100 crore through the proposed IPO.

Apr 21, 2016

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Mexico: Oil plant explosion in Veracruz kills three and injures at least 30 others

Apr 21, 2016

Crude oil prices fall as major producers hint at output hike

Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed.

Apr 21, 2016

Qualcomm profit forecast misses estimates as chip shipments drop

Qualcomm said it expects chip shipments to fall 13-22 percent to 175-195 million in the current quarter.

Apr 21, 2016

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Bengaluru-based Wipro announced its fourth-quarter and annual results for 2015-16 on Wednesday, including a share buy-back programme.

Apr 20, 2016

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Wipro announces decision to buy back 40 million shares

Wipro informed stock exchanges on Monday about the decision to buy back the shares for an amount not exceeding Rs. 2,500 crore.

Apr 20, 2016

Sugar production declines 2 million tonnes in India during October-April

India, the world's second-largest sugar producer, produced 24.3 million tonnes during October 2015-April 2016, down 8 percent (YoY).

Apr 20, 2016

Google gets lease of 100,000 sq ft office space in Bengaluru: Report

Google recently signed an agreement to lease office space at the Bagmane World Technology Centre in Bengaluru.

Apr 20, 2016

Tata Steel's Port Talbot chief launches management buyout

Stuart Wilkie, the managing director of Tata Steel's Port Talbot operations, is "seeking contribution of up to Â£10,000 from interested employees," Sky News reported.

Apr 20, 2016

Malaysian Airlines CEO Christoph Mueller heading for an early exit

Christoph Mueller, who joined the airline in May 2015, said he was quitting due to "changing personal circumstances."

Apr 20, 2016

Yahoo results edge past estimates in good sign for sale of business

Yahoo shares rose nearly 1 percent to $36.66 in light volume in extended trading on Tuesday.

Apr 20, 2016

HDFC to list up to 10% stake in life insurance JV

The Indian lender owned 61.63 percent of the joint venture, HDFC Life, as of the end of March.

Apr 20, 2016

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