Business news

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

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

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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

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

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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

Emirates offers $7,000 as compensation to each passenger on crash-landed flight EK521

The airline is offering the sum to each of the 300 people who were on board the aircraft that crash-landed at Dubai last week.

Aug 12, 2016

aditya birla group merger grasim nuvo financial bse announcement chairman group ok

Aditya Birla Nuvo to merge with Grasim; financial services business to be merged with Aditya Birla Financial Services

The boards of Aditya Birla Nuvo and Grasim approved to merge into one entity; Aditya Birla Financial Services to list separately.

Aug 11, 2016

IDBI Bank posts net profit in June quarter on huge tax write-back; shares gain

Without the tax write-back of Rs. 1,206 crore, IDBI Bank would have posted a loss of Rs. 965 crore for the quarter.

Aug 11, 2016

Intel India, IIT Bombay collaborate to 'incubate' hardware and systems startups

The program is designed to support hardware and systems-based start-ups in India through mentoring, training, lab facilities.

Aug 11, 2016

infosys vishal sikka executives quit resign results quarter june guidance revenue weak profit geog sikka vishal

From algorithm to ESOP, 4 ways Infosys is using to fight attrition

The measures adopted by Infosys also throw light on how IT companies are bracing for changing trends.

Aug 11, 2016

Azim Premji, Shiv Nadar on Forbes' list of richest tech tycoons

Wipro Chairman Azim Premji and HCL founder Shiv Nadar beat Google CEO Eric Schmidt and Uber's Travis Kalanick in Forbes richest billionaires list.

Aug 11, 2016

Pakistan International Airlines air hostesses all set to go glamorous in new, chic uniform

The new uniform for PIA air hostesses has been designed by Nomi Ansari and will be worn from August 14 on PIA Premier.

Aug 11, 2016

Bank of Baroda psu banks psb state-run banks banks bob bank losses bank results q1 net profit revenue interest share price bse bank stocks nifty 50 sensex

Bank of Baroda shares fall 10% over sharp decline in June quarter net profit

Bank of Baroda reported a 60 percent fall in Q1 net profit, leading to its shares plunging almost 10 percent on the BSE.

Aug 11, 2016

Indian gold demand to revive in H2 on surplus monsoon rains - World Gold Council

Two-thirds of demand in India, the world's second-biggest gold consumer, comes from villages, where jewellery is a traditional investment.

Aug 11, 2016

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Business news

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

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

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

Prestige Estates plans business restructuring

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

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

Emirates offers $7,000 as compensation to each passenger on crash-landed flight EK521

Aditya Birla Nuvo to merge with Grasim; financial services business to be merged with Aditya Birla Financial Services

IDBI Bank posts net profit in June quarter on huge tax write-back; shares gain

Intel India, IIT Bombay collaborate to 'incubate' hardware and systems startups

From algorithm to ESOP, 4 ways Infosys is using to fight attrition

Azim Premji, Shiv Nadar on Forbes' list of richest tech tycoons

Pakistan International Airlines air hostesses all set to go glamorous in new, chic uniform

Bank of Baroda shares fall 10% over sharp decline in June quarter net profit

Indian gold demand to revive in H2 on surplus monsoon rains - World Gold Council

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]