Business news

IT majors re-skilling staff in new programming languages over traditional ones

IT majors Wipro, TCS and Infosys are training developers in new programming languages Python, Go and Swift over older ones like Java and C++

Aug 26, 2016

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Sahara chief Subrato Roy ready to pay additional Rs. 300 crore for parole extension

Subrato Roy has said the amount should be adjusted as bank guarantee.

Aug 26, 2016

Venu Srinivasan, Ajay Piramal join Tata Sons board

Tata Sons, the holding company of the Tata Group, will have Venu Srinivasan and Ajay Piramal as non-executive directors,

Aug 26, 2016

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DataWind's market share in India tablet sales up, maintains leadership position

In a statement, DataWind Inc. says its market share has gone up from 34.2 percent to 37.2 percent in June quarter.

Aug 26, 2016

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JKumar Infraprojects shares rise sharply on stock upgrade by Edelweiss over winning Mumbai Metro Rail contracts

In a note, Edelweiss says JKumar Infraprojects is poised to gain from Mumbai Metro Line 3 project, which contributes a lot to its revenues.

Aug 26, 2016

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Masala bond news fails to spice up bank stocks on BSE, NSE

Shares of many banks were trading in the red on Friday despite the RBI allowing them to issue masala bonds to shore up capital requirements.

Aug 26, 2016

Lotte Group vice chairman Lee In-won found dead hours before questioning by prosecutors

Lotte Group vice chairman Lee In-won was due for questioning over his role in a series of scandals surrounding the conglomerate.

Aug 26, 2016

Oil prices dip as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices LCOc1 were trading at $49.55 per barrel.

Aug 26, 2016

Former Wipro executive Sangita Singh may join Infosys as executive vice president

Sangita Singh, former head of Wipro's healthcare and lifesciences division, may join Infosys.

Aug 26, 2016

Vodafone India IPO: Telecom firm's market launch delayed due to Reliance Jio?

The draft prospectus was previously expected to be filed in September or October.

Aug 26, 2016

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Infosys may get Rs. 400 crore revenue boost from GSTN project

The project could provide a 1 percent pick-up in the company's revenue growth over the next two quarters.

Aug 25, 2016

Monsanto withdraws application for cotton seeds in India, won't share technology

Cotton farmers in India could be hit due to the decision since the new seed variety helps fight against weeds.

Aug 25, 2016

Tata Global Beverages may sell its China operations

TGB's Chinese subsidiary, Zhejiang Tata Tea Extraction Company, reported a net loss of Rs. 15 crore in the previous fiscal.

Aug 25, 2016

Zoomcar raises $24 million from investors led by Ford Smart Mobility

With the latest funding, the car rental firm looks to expand its fleet to tier-2 and tier-3 cities in India.

Aug 25, 2016

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Maini Precision Products raises $16.5 million, shelves IPO plan

Led by Paragon Partners, it comprises fresh issue of shares and stake sale by existing investors of Maini Precision.

Aug 25, 2016

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