Business news

TCS beats Infosys, Wipro in attrition rates in June 2016 quarter

TCS beats Infosys, Wipro as the company with least attrition for the third consecutive quarter at 13.3 percent for June 2016 quarter.

Jul 20, 2016

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Infosys, Wipro shares fall 10% in 5 days

Shares of IT software services exporters Infosys and Wipro have dropped sharply after they declared their June quarter (Q1) results.

Jul 20, 2016

Thousands line up outside stores as new handsets join Jio Preview Offer

Reliance Jio 4G: How Reliance Industries telecom arm plans to take on Airtel, Idea Cellular

Reliance Jio Infocomm, the telecom arm of Mukesh Ambani's RIL, plans tie-ups with handset makers to boost user base and take on rivals.

Jul 20, 2016

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Gold holds firm as equity rally loses steam

U.S. gold was up 0.1 percent at $1,333.30 an ounce.

Jul 20, 2016

India needs to increase its civilian aircraft fleet size 6-fold

Single-aisle airplanes such as next-generation 737 and 737 MAX will continue to account for the largest share of new deliveries.

Jul 20, 2016

UltraTech Cement net profit rises 29% in June quarter

The company reported net profit of Rs. 780.11 crore for Q1 against Rs. 604 crore in previous year.

Jul 20, 2016

Cloud business boosts Microsoft's quarterly revenue, shares rise

Nadella has refocused the company on cloud and mobile in the face of stagnation in its traditional PC-based Windows business.

Jul 20, 2016

Global Funds buy a record $921 million rupee-bonds in 8 days of July: Report

India's growth profile and macro stability increases risk appetite among foreign investors to invest in emerging market assets.

Jul 19, 2016

Wipro's Q1 net profit falls 6%; sets services revenue target of $1.95 billion for Q2

Total revenues of the company increased 11 percent to $2.0 billion, of which IT Services segment contributed $1.93 billion.

Jul 19, 2016

Govt infuses Rs. 23,000 crore in PSU banks; SBI gets Rs. 7,575 crore

Under the Indradhanush road map, the government will infuse Rs. 70,000 crore over 4 years, while banks will raise Rs. 1.1 lakh crore from markets.

Jul 19, 2016

infosys vishal sikka executives quit resign results quarter june guidance revenue weak profit geog sikka vishal

Infosys: Top executive exits in management reshuffle after Q1 results

Anup Uppadhayay, who handled large deals at Infosys, has quit as Vishal Sikka CEO rejigs his team after weak June quarter results.

Jul 19, 2016

Pokemon GO: Share price surge doubles Nintendo's market cap, but profit avenues remain unclear

A Japanese fund manager justified the gains in share prices as he estimated the sales from PokÃ©mon GO and related business could bolster net profits by $471 million.

Jul 19, 2016

PNB Housing Finance IPO: PNB subsidiary could see good response like Quess, L&T Infotech

PNB Housing Finance, a subsidiary of Punjab National Bank, is coming up with a Rs. 2,500 crore IPO.

Jul 19, 2016

kris gopalakrishnan start ups india fail doomed bleak future investments in indian startups startup india

Kris Gopalakrishnan: Most start-ups destined to fail, says Infosys co-founder

Infosys co-founder Kris Gopalakrishnan says only about 5 to 10 percent start-ups globally will be able to scale their businesses.

Jul 19, 2016

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Ratan Tata-backed jewellery portal Bluestone raises $30 million

BlueStone, co-founded by Vidya Nataraj and Gaurav Singh Kushwaha, has Ratan Tata, Accel Partners and Kalaari Capital as investors.

Jul 19, 2016

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