Business news

China's Alibaba likely to set up India base in Bengaluru

The initial office space requirement is for about 150-200 people.

Aug 18, 2016

Will Cisco's 5,500 job cuts affect India business?

Cisco's lay-offs may impact Cisco India, the company's largest non-US division. Cisco India has 11,000 employees accounting for 15 percent of its 70,000 global workforce.

Aug 18, 2016

Singapore's Singtel to hike stake in Bharti Telecom, buy shares in Thailand's Intouch

Bharti Airtel's stock rose 1.38 percent on the Bombay Stock Exchange on Thursday following news of Singtel's acquisition of shares.

Aug 18, 2016

Asia stocks rise as Fed minutes spur optimism; dollar weakens

Asian stocks rose while the US dollar languished near two-months low after US Fed showed no signs of raising interest rates.

Aug 18, 2016

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TCS, Adani Ports, Infosys drag Sensex

The BSE Sensex dropped for the second straight day, led by TCS, Adani Ports, Power Grid and Infosys.

Aug 17, 2016

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Coal India, NTPC, Air India on a hiring spree

Public sector enterprises such as Coal India, Air India and NTPC are set to hire in large numbers, including those from IITs, IIMs.

Aug 17, 2016

AirAsia India inducts new aircraft to its fleet; adds Hyderabad to its network

The seventh aircraft will connect AirAsia India's existing services in North East to the rest of the country.

Aug 17, 2016

Nokia to tap into broadband market through cable company tie-ups

Nokia looks for strategic partnerships with cable companies, which have last-mile reach, to tap into the broadband market in India.

Aug 17, 2016

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IndiGo-owner Interglobe Aviation spurts on stock upgrade

Interglobe Aviation, which owns budget carrier IndiGo, got a stock upgrade from Citi, resulting in its shares gaining on the BSE.

Aug 17, 2016

Oil prices fall on doubts producers can agree output restraint

Oil prices fell away from 5-week highs, as analysts doubted if producer talks to rein in oversupply would be successful.

Aug 17, 2016

Ola shutting down TaxiForSure business; to lay off 700 employees

Ola will cut jobs in TaxiForSure's call centre, driver relations department and business development unit.

Aug 17, 2016

Cisco Systems to lay off about 14,000 employees: CRN

The company has already offered many early retirement package plans to Cisco's employees, according to CRN.

Aug 17, 2016

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Hike Messenger raises $175 million in funding led by Tencent Holdings, Foxconn

After the Series D fund-raising led by Tencent and Foxconn , Indian messaging startup Hike Messenger is valued at $1.4 billion.

Aug 16, 2016

Infosys, L&T in news; Sensex, Nifty snap winning streak

Infosys shares fell on news of client RBS scrapping plans to list Williams & Glyn; L&T gained on Nagpur smart city buzz.

Aug 16, 2016

Infosys shares likely to fall on Tuesday after company's client RBS scraps Williams & Glyn project

Royal Bank of Scotland (RBS) had roped in Infosys as a technology partner for its Williams & Glyn listing project.

Aug 15, 2016

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