Business news

Bombay Stock Exchange building

Can Fin Homes shares gain 100% in 1 year, put PNB Housing Finance IPO in focus

Over a 52-week period, shares of Can Fin Homes have gained 100 percent even as PNB Housing Finance gears up for IPO.

Aug 27, 2016

Zika virus: FDA recommendstesting for all blood donated in U.S.

The U.S. Food and Drug Administration recommends that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The current Zika outbreak was first detected in Brazil last year and has since spread across the Americas. In Brazil, Zika has been linked to more than 1,800 cases of microcephaly, and U.S. officials expect as many as 270 cases in Puerto Rico, where local transmission of the virus is widespread. Testing of donated blood is underway in Florida, Puerto Rico, as well as in other areas of the United States, and has been proven helpful in finding infected donations.

Aug 27, 2016

data servers

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

supreme court india air india national carrier cabin air crew judgment adjournments what is this union settlement disputes clear attitude

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

AM Naik, L&T

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

Coding, programming language

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

Tata Group patents Bombay House

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

jkumar infra mumbai metro rail share price stock upgrade edelweiss

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 found dead

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

Pump Jacks and Oil fields

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

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