Business news

Draft Doha agreement would freeze output until October

The freeze would last until October 1 as producers want to meet again in October in Russia to review their progress.

Apr 17, 2016

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Market cap of Sensex companies rises by $10 billion

The three-day truncated week of trading closed on a buoyant note due to positive macroeconomic data and positive monsoon forecast.

Apr 17, 2016

Neyveli Lignite Corporation is now NLC India Limited

Neyveli Lignite Corporation sought approval to change its name in view of its changing profile and geographical expansion.

Apr 16, 2016

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TCS says no IP infringement in Epic Systems case, to appeal $940 million fine in the trade secret case

TCS and Tata America International Corporation have been directed by a Wisconsin federal grand jury to pay up for "ripping off" a company of its software.

Apr 16, 2016

Food regulator allots Rs. 500 crore for lab upgradation, seeks private partners: Report

Private players will be allowed to run and manage government laboratories, except for a few critical roles.

Apr 16, 2016

Infosys ADRs rise 8% on Nasdaq, employees get 6-12% salary hike

India's second-largest IT software services exporter declared its Q4 and full year results on Friday.

Apr 16, 2016

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TCS, Wipro Q4 results, trade data to influence trading next week

Indian stock market benchmark indices Sensex and Nifty had risen sharply this week on the back of easing inflation, IIP data and a positive monsoon forecast.

Apr 16, 2016

Vodafone India may raise $2 billion using IPO route

The stock offering was earlier reported to be a pure stake sale by the parent firm or involve primary capital raising.

Apr 16, 2016

SunEdison to file for bankruptcy as early as Sunday night: Reuters source

The company said it needed about $310 million to stay in business, estimating a cash shortfall of $260 million by mid-June.

Apr 16, 2016

Intel plans to cut thousands of jobs: Report

The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 U.S. jobs eliminated last year, Oregonlive said

Apr 16, 2016

Airport Authority of India, Singapore's Changi end talks on bilateral cooperation

Both the parties were unable to come to an agreement on the commercial terms of the proposal.

Apr 15, 2016

Vijay Mallya's passport suspended

The Enforcement Directorate recently sought the revocation of Mallya's passport after he failed to appear before the agency thrice.

Apr 15, 2016

Start-up funding falls as wary investors wait and watch

Investment continued to decline in the first quarter with growing investor hesitation and concerns of overvaluation.

Apr 15, 2016

Bidders line up for India's first airport mall

The Rs. 600-crore mall would come up at Indira Gandhi International Airport, Mint reported.

Apr 15, 2016

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Infosys Q4 net profit grows 3.8% to Rs. 3,597 crore; clientele touches 1092

On a year-on-year basis, Infosys reported a consolidated profit rise of 9.4 percent to Rs.13,491 crore, and a revenue growth of 17.1 percent to Rs.62, 441 crore.

Apr 15, 2016