Business news

TCS Market Capitalisation Reduced by 20,000 crore rupees, Outlook Remains Cautious

Worse-than-expected results saw TCS shares sliding by 4.22 percent on Friday, posting its biggest losses in six months.

Apr 18, 2015

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Neurosurgeon insists ‘time is now’ for frontier-breaking head transplant

Dr Sergio Canavero, an Italian neurosurgeon, says he is getting ready to carry out the first ever human head transplant

Apr 17, 2015

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Burberry celebrates London in Los Angeles at Griffith Observatory

Burberry celebrated fashion, music, and Britishness at an exclusive event staged at Griffith Observatory in Los Angeles on 16 April.

Apr 17, 2015

Ola Becomes Third-Most Valued Start-up After Flipkart and Snapdeal

Online cab aggregator Ola is now the third-most valuable venture-backed company in India after Flipkart and Snapdeal.

Apr 17, 2015

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Online marketplace Etsy valued at $3.88bn in IPO debut

Shares of Etsy, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on 16 April, valuing the company at about $3.88bn (£2.59bn).

Apr 17, 2015

India's First Maruti 800 Car Lying Unused for Over 1 Year

Indira Gandhi had handed over the keys of India's first Maruti 800 car to Harpal Singh.

Apr 17, 2015

EU: Googles ‘favourable treatment over its shopping services’ hurts competitors

The European Union Competition Commissioner accused Google on 16 April of cheating consumers and competitors by distorting Web search results to favour its own shopping service, after a five-year investigation that could change the rules for business online.

Apr 16, 2015

Mukesh Ambani, Chairman and Managing Director Of Reliance Industries Ltd.

Reliance Industries Q4 Profit Likely to Reach Record High on Higher Refinery Margins

The Mukesh Ambani-controlled RIL is estimated to post a net profit of 5% for the last quarter of fiscal year 2014-15, on the back of improved gross refining margins

Apr 16, 2015

Microsoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco

Microsoft's Satya Nadella Top Paid CEO in US, Says Report

Indian-origin Satya Nadella, who heads Microsoft Corporation, is the top paid CEO in the US, with a pay of $84.3 million (Rs 525 crore) a year, according to Equilar.

Apr 16, 2015

Former US Employee of TCS Files Lawsuit Against the Company 'Favouring South Asians' in Hiring

Steven Heldt, ex-TCS employee, who filed the lawsuit, alleged that a "substantial anti-American sentiment" prevailing in the company led to his termination.

Apr 16, 2015

Falling US Oil Production Lifts Crude Oil Prices

Crude oil prices continue to recover from the lows hit in March, supported by a fall in US oil production.

Apr 15, 2015

Indian Stocks to Take Backseat to Chinese Equities

Chinese stocks are currently trading at seven-year highs on the expectations that monetary authorities will roll out more stimulus measures to boost economic growth in the country.

Apr 15, 2015