Business news

Qualcomm profit forecast misses estimates as chip shipments drop

Qualcomm said it expects chip shipments to fall 13-22 percent to 175-195 million in the current quarter.

Apr 21, 2016

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Bengaluru-based Wipro announced its fourth-quarter and annual results for 2015-16 on Wednesday, including a share buy-back programme.

Apr 20, 2016

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Wipro announces decision to buy back 40 million shares

Wipro informed stock exchanges on Monday about the decision to buy back the shares for an amount not exceeding Rs. 2,500 crore.

Apr 20, 2016

Sugar production declines 2 million tonnes in India during October-April

India, the world's second-largest sugar producer, produced 24.3 million tonnes during October 2015-April 2016, down 8 percent (YoY).

Apr 20, 2016

Google gets lease of 100,000 sq ft office space in Bengaluru: Report

Google recently signed an agreement to lease office space at the Bagmane World Technology Centre in Bengaluru.

Apr 20, 2016

Tata Steel's Port Talbot chief launches management buyout

Stuart Wilkie, the managing director of Tata Steel's Port Talbot operations, is "seeking contribution of up to Â£10,000 from interested employees," Sky News reported.

Apr 20, 2016

Malaysian Airlines CEO Christoph Mueller heading for an early exit

Christoph Mueller, who joined the airline in May 2015, said he was quitting due to "changing personal circumstances."

Apr 20, 2016

Yahoo results edge past estimates in good sign for sale of business

Yahoo shares rose nearly 1 percent to $36.66 in light volume in extended trading on Tuesday.

Apr 20, 2016

HDFC to list up to 10% stake in life insurance JV

The Indian lender owned 61.63 percent of the joint venture, HDFC Life, as of the end of March.

Apr 20, 2016

RBL Bank opens dedicated branch in Bengaluru for start-ups

The branch will offer start-ups a range of banking services and help in tax and legal compliance through partners, RBL Bank said.

Apr 19, 2016

Sequoia Capital denies link with Aircel-Maxis case, says ED searches were for investments in Vasan Healthcare

Sequoia Capital allegedly misused India's foreign direct investment policy, CNN News 18 reported.

Apr 19, 2016

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Gold imports plummet 80% in March due to strike by jewellers

Shipments of gold into India plunged for a second straight month in March to $972.96 million after an 85 percent surge in January.

Apr 19, 2016

Greybull Capital now looks to buy Tata Steel's specialty arm in UK

The private equity firm has already inked a deal to buy the Long Products division of Tata Steel U.K.

Apr 19, 2016

Crude prices dip as global glut outweighs Kuwait oil strike

Kuwait's oil output has dropped to 1.1 million barrels per day (bpd) from 2.8 million bpd due to the worker strike.

Apr 19, 2016

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Mumbai-based TCS reported net profit of Rs. 6,341 crore and revenues of Rs. 28,449 crore for the March 2016 quarter.

Apr 18, 2016

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