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ITC posts 12% rise in Q4 net profit on excise duty savings, revenues up 6%

For the fourth quarter (Q4) ended March 2017, ITC's net profit stood at Rs 2,669 crore, helped by Rs 500 crore saved on account of excise duty.

May 27, 2017

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Low bank deposit rates push retail investors to liquid funds

In 2016-17, retail portion of AUMs of liquid funds rose 42 percent to Rs 5,800 crore from Rs 4,100 crore in the preceding fiscal, says Cafemutual.

May 27, 2017

India-born Rajeev Misra joins Japan's SoftBank board

Rajeev Misra and four others will be formally elected on June 21, SoftBank said.

May 27, 2017

Rakesh Sarna, head of Tata's hotel business, resigns; will leave in September

Rakesh Sarna, the chief executive and managing director of Tata Group's hotel business, said he was stepping down for personal reasons.

May 27, 2017

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Tech Mahindra Q4 net profit plunges 33%

Consolidated revenue grew 9.9 percent to Rs 7,733 crore for the quarter under review.

May 27, 2017

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ONGC Q4 net profit falls 6% to Rs 4,340 crore

Total income for the March 2017 quarter (Q4) increased by 29.24 percent to Rs 26,233.56 crore.

May 27, 2017

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Indian firms' foreign borrowings in April triple to $1.30 billion

The external commercial borrowings (ECBs) of Indian companies went up more than three-fold to $1.30 billion in April; the corresponding figures stood at $304.57 million in the same month last year, the Reserve Bank of India has said.

May 27, 2017

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In a first, Sensex crosses 31,000-mark, Nifty nears 9,600 level

The 30-scrip Sensitive Index (Sensex) of the BSE crossed the 31,000 mark for the first time to touch a new high of 31,034.30 points intra-day.

May 26, 2017

IT Layoffs: Cognizant opens up about 'voluntary separation offer,' says beneficial to new generation of employees

Cognizant also said that this is the first time that the company has introduced an offer like this, whereas other firms have been doing it for years.

May 26, 2017

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Sensex hits record high; banks rally

The benchmark Sensex rose 1.48 percent to end at 30,750.03 points, after earlier climbing to a record high of 30,793.43.

May 25, 2017

Wipro issues 4 lakh equity shares under stop option plans; HCL Tech stock buyback at Rs. 1,000 per share

The equity shares issued by Bengaluru-based IT software services company are under Restricted Stock Unit Plans 2004, 2005 and 2007.

May 24, 2017

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Infosys CEO Vishal Sikka takes huge salary cut for FY2017

The Infosys 2017 annual report gives details of salary, incentives and ESOPs for CEO Vishal Sikka, COO Pravin Rao and other top executives for 2016-17.

May 24, 2017

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Sensex, Nifty end in the red; Tata Motors, GAIL buck the trend, close with gains

With many brokerages recommending a "buy," Tata Motors is the top gainer on BSE, rises 5 percent in intraday high; GAIL (India), Adani Ports also gain.

May 24, 2017

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US plays spoilsport with OPEC

President Donald Trump's proposal to sell half of the United States' strategic oil reserve runs counters OPEC's efforts to control supply in order to boost prices.

May 23, 2017

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Sun Pharma, Kotak Mahindra Bank, CRISIL, GAIL buzzing stocks on BSE

CRISIL, Kotak Mahindra Bank, GAIL and Sun Pharma are top-trending stocks on the BSE; Taro reported 26 percent fall sales and 28 percent drop in net profit for Q4.

May 23, 2017