Business news

Rackspace to go private after $4.3 billion deal with private equity firm Apollo

The US-based cloud services provider will be acquired by Apollo Global Management for $32 per share in cash.

Aug 27, 2016

An employee of Infosys stands at the front desk of its headquarters in Bengaluru

Infosys to focus on skill training, digital technology in 2016-17 fiscal

Infosys to focus on digital services, design thinking strategy and employee training in the third and fourth quarters.

Aug 26, 2016

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Supreme Court slams Air India for seeking repeated adjournments

Air India had sought 21 adjournments in a case involving pilots and cabin crew, infuriating the Supreme Court.

Aug 26, 2016

L&T's AM Naik to donate 75% of his lifetime income to charitable causes

Naik, who is set to step down next year, is also in the process of setting up a Vedic school.

Aug 26, 2016

Virgin Galactic SpaceShipTwo in numbers

Everything you need to know about the spacecraft that Richard Branson hopes to take tourists into space with.

Aug 26, 2016

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

sahara-chief-subrato-roy-was-attacked-by-black-ink-on-tuesday-as-he-arrived-at-the-supreme-court

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

datawind tablet sales india june quarter

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

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

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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BJP's renaming spree: Allahabad is Prayagraj, Faizabad is Ayodhya, Agra to be 'Agravan' next?

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