Business news

Infosys invests in US-based VC firm to boost presence in start-up space

An Infosys spokeswoman confirmed that the company has invested in Vertex Ventures without giving any details on the transaction.

Sep 29, 2015

Sensex rebounds by 161 points on RBI's surprise rate cut

The Sensex surged by over 400 points to break the 26,000 level in late afternoon session,

Sep 29, 2015

Nestle India ends 12-year contract with Maggi manufacturer

SAJ Food Products is the "lone third party producer" of its Maggi noodles.

Sep 29, 2015

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Labour: John McDonnell declares tax war on Amazon and Google in fair share warning

Shadow chancellor said a Labour government would aggressively balance the books in power.

Sep 28, 2015

Accenture's muted guidance clouds Indian IT companies' double-digit growth

"The guidance is a sentiment negative for Indian IT," said Religare.

Sep 28, 2015

Sensex falls by 246 points ahead of crucial RBI meeting

Shares of Infosys and Wipro ended in red following a sharp recovery in the rupee.

Sep 28, 2015

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Charlize Theron issues a call to action for AIDS prevention

South African-born film star Charlize Theron issued a call to action for HIV and AIDS prevention and used startling statistics about the infection rates among young women and girls. Speaking to a United Nations panel called Ending the AIDS epidemic by 2030 on 27 September. Theron detailed stories from young women and girls she has met.

Sep 28, 2015

IDBI Bank shares gain over 36% on reports of government's stake dilution to 49%

Currently, the central government owns 76.5% stake in the bank.

Sep 28, 2015

Virtusa to buy Polaris in deal worth $350 million: Report

Polaris is expected to finalise the acquirer shortly as "negotiations were fairly advanced," said a source.

Sep 28, 2015

Volkswagen brand value falls by $10 bn after emission test scandal

Volkswagen's rank slipped to fifth position from third spot in a list of top global automotive brands, according to Brand Finance.

Sep 26, 2015

Infosys ceases using bell curve to evaluate employees' performance, attrition falling

Infosys' attrition rate projected to come down to 13% during the July-September quarter.

Sep 26, 2015

Stock market investors' wealth evaporated by Rs 3 lakh crore so far this year

Investors' wealth rose by a massive Rs 28 lakh crore last year.

Sep 26, 2015

Taiwan takes India to WTO over duties on USB drives

India has 60 days to resolve the dispute, or Taiwan could ask the world trade body to adjudicate.

Sep 26, 2015

Gold touches 1-month high, reclaims Rs 27,000 level

Gold prices soared by Rs 400 to end the session at Rs 27,250 per 10 gram.

Sep 25, 2015

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Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong.

Sep 25, 2015

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