Business news

Nasscom cuts software services growth estimate for next fiscal

Growth concerns in the US and high volatility in Chinese markets are likely to pose significant risks for the IT industry going forward.

Feb 4, 2016

TCS labelled as world's 'most powerful brand' in IT services

It reportedly earned AA+ rating on a variety of measures such as familiarity, loyalty, job satisfaction and corporate reputation.

Feb 4, 2016

RMZ waiting for clarity on dividend distribution tax before IPO

A senior executive of the Bengaluru-based developer said they may look at Singapore for listing if it does not work for India.

Feb 4, 2016

Blackstone, Apollo join Tech Mahindra in race to buy Mphasis: Report

There is "no certainty" that the talks would result in a deal, sources said.

Feb 4, 2016

China's Alibaba in talks to buy stake in Flipkart: Report

The deal could make Alibaba one of the top investors in the Indian e-commerce space, alongside Japan's SoftBank Group.

Feb 4, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba may deepen full-year loss forecast as restructuring costs mount

The Nikkei reported that Toshiba will downgrade its net loss projection to over 600 billion yen.

Feb 4, 2016

Yahoo plans to cut 15% jobs, shut down several units

The company would announce its plans after the declaration of Q4 results on Tuesday.

Feb 2, 2016

Alphabet passes Apple to become most valuable traded US company

Alphabet will officially overtake Apple in market value if the two companies' shares open around current levels on Tuesday.

Feb 2, 2016

Myntra plans to enter US online market despite reporting losses at home

In FY 2015, Myntra reported loss of Rs 740 crore on revenue of Rs 758 crore.

Feb 1, 2016

New Delhi-based Beer Cafe seeks to raise Rs 270 crore to expand business

The company has reportedly hired Mumbai-based Avendus Capital to help it raise the funds.

Feb 1, 2016

Barclays, Credit Suisse strike record deals with SEC, NY over dark pools

Barclays admitted it broke the law and agreed to pay $70 million, federal and New York state officials said.

Feb 1, 2016

Mobile phone production crosses the 100-million mark in India

Mobile phone production in India increased by 95% in the current financial year (FY) as compared to the previous year.

Jan 31, 2016

Berkshire resumes buying Phillips 66 stock

Phillips 66 is Berkshire's sixth-largest stock holding, regulatory filings show.

Jan 31, 2016

Sunny Leone and Vir Das during the promotion of "Mastizaade"

'Mastizaade' fails to do an 'Airlift' at the box office, disappoints PNC shareholders

The Sunny Leone starrer saw a lukewarm response on its opening day, unlike Akshay Kumar's "Airlift".

Jan 30, 2016

Infosys promotes 2,100 employees after upbeat Q3 numbers

Earlier this month, Infosys had slashed variable payouts to employees from 100 percent to 75 percent.

Jan 30, 2016

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