Business news

Nokia to tap into broadband market through cable company tie-ups

Nokia looks for strategic partnerships with cable companies, which have last-mile reach, to tap into the broadband market in India.

Aug 17, 2016

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IndiGo-owner Interglobe Aviation spurts on stock upgrade

Interglobe Aviation, which owns budget carrier IndiGo, got a stock upgrade from Citi, resulting in its shares gaining on the BSE.

Aug 17, 2016

Oil prices fall on doubts producers can agree output restraint

Oil prices fell away from 5-week highs, as analysts doubted if producer talks to rein in oversupply would be successful.

Aug 17, 2016

Ola shutting down TaxiForSure business; to lay off 700 employees

Ola will cut jobs in TaxiForSure's call centre, driver relations department and business development unit.

Aug 17, 2016

Cisco Systems to lay off about 14,000 employees: CRN

The company has already offered many early retirement package plans to Cisco's employees, according to CRN.

Aug 17, 2016

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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

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 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

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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 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

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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 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

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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