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ICICI Bank shares hit 52-week high on robust Q4 results, trigger rally in other bank stocks; Sensex above 30,000

In addition to ICICI Bank hitting new 52-week high after Q4 results, many bank stocks scaled new highs on Thursday.

May 4, 2017

ICICI Bank reports 189% rise in Q4 net profit; declares 1:10 bonus

While standalone net profit rose to Rs 2,025 crore ($312 million) from Rs 702 crore, YoY, bad loans as a percentage of total advances also shot up.

May 3, 2017

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Seattle pips San Francisco as best city for tech employees, reveals study

A survey by career solutions firm Paysa throws up interesting insights on cities with cost of living and earning potential for tech employees.

May 3, 2017

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Hudco IPO to open on May 8, close on May 11

A fully-owned public sector company, Hudco, is offering 20 crore shares by way of offer of sale at a price band of Rs 56-60 per share.

May 3, 2017

Fortigo Network raises $10 million, 4tigo network, fortigo network investors, nandan nilekani invests in fortigo network

Fortigo Network (4TiGO) raises $10 million from Nandan Nilekani, Accel Partners

In the Series A round, Fortigo Network raised $10 million from Infosys co-founder and former UIDAI Chairman Nandan Nilekani, and Accel Partners.

May 3, 2017

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MakeMyTrip to raise $330 million via share sale to drive growth

Nasdaq-listed MakeMyTrip, the Indian online travel company, will sell shares at $36 apiece to Ctrip.com, MIH Internet SEA and other investors.

May 3, 2017

David Davis says UK will not be paying £100bn Brexit divorce bill

Brexit Secretary David Davis has rejected claims Britain faces a soaring bill from Brussels for the EU exit on 3 May. European Commissions lead Brexit negotiator Michel Barnier later said the UK needs to honour its share of financial obligations.

May 3, 2017

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Matrimony.com posts Rs. 300 crore in revenues for FY2017; IPO likely in September quarter, says founder-CEO Murugavel Janakiraman

Murugavel Janakiraman, founder and CEO of Matrimony.com, which owns BharatMatrimony and few other matchmaking portals, speaks about the upcoming initial public offering (IPO) to International Business Times, India edition.

May 3, 2017

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Infosys decision to hire 10,000 Americans seen as yielding to pressure tactics of Trump administration

A day after Infosys said it will be hiring 10,000 American workers over two years, a White House spokesperson lauds CEO Vishal Sikka's decision.

May 3, 2017

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Lendingkart Finance partners with BASIX Sub-K to facilitate working capital loans

Over 1,20,000 SMEs have till date reached out to Lendingkart Finance for their credit needs.

May 2, 2017

Wipro unveils new brand identity and logo

"The new brand identity marks our journey of transformation in the digital world," says Abidali Z. Neemuchwala, CEO and Executive Director, Wipro.

May 2, 2017

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BMR elevates five partners in Mumbai, Delhi

The partners are Anand Laxmeshwar, Sumit Singhania, Saurabh Kanchan, Lokesh Malik and Harkishan Bhatia.

May 2, 2017

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ICICI Group launches 100 'ICICI Digital Villages'

The 100 villages that have been transformed into 'ICICI Digital Villages' are located across 17 states in India.

May 2, 2017

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'Bikini airline' VietJet plans to grab 50% market share, raises cap on foreign ownership

VietJet, Vietnam's only private airline, which went public this February, shot into fame first in 2012 for hiring bikini-clad women to walk the aisle.

May 2, 2017

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Salaries of MF executives rise modestly for FY2017

Except for Reliance MF CEO Sundeep Sikka, HDFC MF CEO Milind Barve and ICICI MF MD Nimesh Shah got reasonable hike in salary for FY2017.

May 2, 2017

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Business news

ICICI Bank shares hit 52-week high on robust Q4 results, trigger rally in other bank stocks; Sensex above 30,000

ICICI Bank reports 189% rise in Q4 net profit; declares 1:10 bonus

Seattle pips San Francisco as best city for tech employees, reveals study

Hudco IPO to open on May 8, close on May 11

Fortigo Network (4TiGO) raises $10 million from Nandan Nilekani, Accel Partners

MakeMyTrip to raise $330 million via share sale to drive growth

David Davis says UK will not be paying £100bn Brexit divorce bill

Matrimony.com posts Rs. 300 crore in revenues for FY2017; IPO likely in September quarter, says founder-CEO Murugavel Janakiraman

Infosys decision to hire 10,000 Americans seen as yielding to pressure tactics of Trump administration

Lendingkart Finance partners with BASIX Sub-K to facilitate working capital loans

Wipro unveils new brand identity and logo

BMR elevates five partners in Mumbai, Delhi

ICICI Group launches 100 'ICICI Digital Villages'

'Bikini airline' VietJet plans to grab 50% market share, raises cap on foreign ownership

Salaries of MF executives rise modestly for FY2017

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]