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World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit.

Jan 17, 2015

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What's on TCS CEO's Budget Wishlist? Ease of Doing Business, Simple Tax Dispute Resolution

TCS CEO N Chandrasekaran asked the government to improve the business start-up scenario and to simplify tax dispute resolution provisions.

Jan 17, 2015

TCS Remains 'Sensitive' and 'People-Centric', Insists CEO Chandrasekaran

TCS CEO addressed the recent canards of firing thousands of people, insisting that the employer remains 'sensitive' to its employees

Jan 17, 2015

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Wipro quarterly profit beats estimates

Bengaluru, Jan 17 (ANI): India's third-biggest software services company Wipro reported a near-9 percent rise in third-quarter profit, slightly ahead of analysts' forecasts, helped by a rise in clients' technology spending. The company said revenue from its IT services business is expected to be $1.8 billion to $1.85 billion in the January-March period, representing growth of up to 3.4 percent from the preceding quarter. Wipro also announced the appointment of Jatin Dalal, senior vice president in the finance department, to take over from retiring CFO Suresh Senapaty from April.

Jan 17, 2015

'I' Box Office Collection (Day 2): Vikram Starrer Beats 'Bangalore Days' in Kerala

Shankar's "I' has broken the two-day gross collection record of Bangalore Days in Kerala

Jan 16, 2015

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BSE closes points 46.34 up on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 46.34 points up to stand at 28,121.89. At the National Stock Exchange the Nifty closed 19.65 points up to stand at 8,513.80. SUNTV and Edelweiss Financial Services Ltd were among the top gainers of Group A with an increase of 11.04% and 9.09% along with TV18 BROADCAST and SUZLON with an increase of 8.12% and 7.54% respectively, while the top losers of Group A include PMCFIN and RASOYPR with a decrease of 4.92% and 4.49% along with JETAIRWAYS and Welspun Corp LTD. with a decrease of 3.95% and 3.12% at the close of the markets. The Auto sector is up 35.42 points at 19,342.32 while the banking sector is down 1.89 points at 22,021.41 and the reality sector is up 8.44 points at 1,619.87. The Indian currency is up 0.05% at Rs 62.03 per dollar.

Jan 16, 2015

RBI Mulls Allowing Banks to Purchase Infra Bonds to Improve Bond Market Liquidity

The RBI could consider allowing banks to also purchase infrastructure bonds, in a bid to increase the liquidity in the bond market.

Jan 16, 2015

TCS Retrenchment Comes Under Fire, this Time from ForIT

ForIT has asked TCS to put retrenchment on hold until a 'comprehensive grievance redressal mechanism,' is in place, even when admitting that involuntary attrition is part of the industry protocol.

Jan 16, 2015

Rate Cut Effect: Govt Banks to Post Higher Treasury Gains, Use it to Offset Higher Provisioning

With 28% of deposits tied to government bonds, the state-run banks can now use the treasury gains made from the RBI rate cut to offset their bad loans and shore up capital

Jan 16, 2015

Government to Invest ₹5 Lakh Crore on Road Construction Over 5 Years

The Center is focused on improving connectivity and in reducing road accident deaths.

Jan 16, 2015

Marans Exit SpiceJet, Transfer Ownership to Ajay Singh

SpiceJet's Maran Brothers have agreed to transfer ownership and control of the beleaguered budget airlines to its original founder Ajay Singh and his partners

Jan 15, 2015

Audi R8 LMX and Datsun Go+ Launched in India

A budget and a super car share the same launch day.

Jan 15, 2015

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BSE closes points 728.73 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 728.73 points up to stand at 28,075.55. At the National Stock Exchange the Nifty closed 216.60 points up to stand at 8,494.15. HDIL and PRESTIGE were among the top gainers of Group A with an increase of 18.66% and 11.46% along with INDIABULLS REAL ESTATE LTD. and DLF with an increase of 10.55% and 10.39% respectively, while the top losers of Group A include PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and RASOYA PROTEINS LTD. with a decrease of 4.50% and 4.30% along with JETAIRWAYS and BERGER PAINTS INDIA LTD. with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 402.26 points at 19,306.90 while the banking sector is up 701.71 points at 22,023.30 and the reality sector is up 119.25 points at 1,611.43.The Indian currency is down 0.56% at Rs 61.83 per dollar.

Jan 15, 2015