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Hike Messenger raises $175 million in funding led by Tencent Holdings, Foxconn

After the Series D fund-raising led by Tencent and Foxconn , Indian messaging startup Hike Messenger is valued at $1.4 billion. Aug 16, 2016
IB Times

Infosys, L&T in news; Sensex, Nifty snap winning streak

Infosys shares fell on news of client RBS scrapping plans to list Williams & Glyn; L&T gained on Nagpur smart city buzz. Aug 16, 2016
Infosys

Infosys shares likely to fall on Tuesday after company's client RBS scraps Williams & Glyn project

Royal Bank of Scotland (RBS) had roped in Infosys as a technology partner for its Williams & Glyn listing project. Aug 15, 2016
state bank of mysore sbm merger results q1 quarter non npa gross net share price sbi results june cabinet approval deposit liabilities staff strike

State Bank of Mysore shares spurt 35% in 3 months

The Bengaluru-based bank had on May 17 informed the BSE of that its board approved the merger with State Bank of India. Aug 15, 2016
ONGC

ONGC allocates Rs. 100 crore for start-up fund on 60th anniversary

ONGC will oversee all stages involved in incubating start-ups, including seed funding, mentoring, market linkages and follow-ups. Aug 14, 2016
gold imports prices jewellery deficit billion tonnes wgc schemes bond etfs women jewelry india trade exports gems council asia obsession

Falling gold imports is bad news for India

Though gold imports through official channels fell 52 percent for the April-July 2016 period, "unofficial" buying spurted even higher, hinting at smuggling. Aug 13, 2016
Madras High Court

Madras High Court upholds DoT's claim to revenue share from service providers; dismisses Aircel petition

The telecom department can claim a share of revenues of the firms, including that from non-telecom activities, ruled the court. Aug 13, 2016
Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Sensex, Nifty poised for volatile trading next week over divergent triggers

The positive news of SC lifting the ban on sale of diesel cars in Delhi is likely to be negated by galloping retail inflation for July at 6.07 percent. Aug 13, 2016
Air Costa

Air Costa employees not paid salary since June: Report

Debt-ridden Air Costa has not paid salaries to employees since June this year. Aug 12, 2016
State Bank of India SBI headquarters

State Bank of India Q1 net profit down 32 percent; shares jump 7.5 percent

SBI shares jumped 7.5 percent even as the bank posted a 31.7 percent decline year-on-year in net profits for June quarter. Aug 12, 2016
Marriott

JW Marriott pays Rs. 5.59 crore property tax after BBMP seizes furniture

The civic body seized sofas, chairs, desks and computers from the JW Marriott Hotel. Aug 12, 2016
A view of the Hewlett Packard headquarters in Palo Alto, California November 23, 2009.

Hewlett Packard Enterprise acquires SGI for $275 million to expand in big data market

Hewlett Packard acquires SGI, a HPC solutions provider for $275 million; the $11 billion HPC market will grow at 6-8% CAGR over the next 3 years. Aug 12, 2016
real estate construction bill workers prestige estates bangalore demolition illegal encroachment restructuring business share price developer

Prestige Estates plans business restructuring

Bengaluru-based real estate firm Prestige Estates informed BSE that it has formed a committee to explore business restructuring. Aug 12, 2016
Essar Oil Vadinar refinery

Oil up 4 percent as Saudis mull meeting, tighter market forecast

Oil prices jumped the most in a month, rising more than 4 percent on Thursday, after comments from the Saudi oil minister about possible action to stabilize prices. Aug 12, 2016
BSE Sensex, NSE Nifty, budget 2017, stocks rally, buzzing stocks, wipro share price, kmb share price, hdfc bank share price

Sensex rises almost 300 points, Aditya Birla Nuvo falls 25%; SBI to declare Q1 results

The 30-scrip benchmark index, Sensex, was up almost 300 points in early trade; SBI will be declaring its results later in the day. Aug 12, 2016
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