Business news

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Facebook June quarter net earnings higher than combined profit of Infy, Wipro, TCS

Menlo Park-based social media company Facebook had net earnings of more than $2 billion, higher than the combined one of Infosys, Wipro and TCS.

Aug 1, 2016

IndiGo-owner Interglobe's Q1 net profit falls 7.4% to Rs. 591 crore

The low-cost carrier's profit fell on account of competitive pricing between airlines during the peak travel season.

Aug 1, 2016

10 percent of entry, mid-level IT jobs will be lost to automation, says Mohandas Pai

Entry-level and mid-level jobs will be cut due to automation in the next 10 years, said the former Infosys HR head.

Aug 1, 2016

Asian shares hit 1-year peak as chances of US rate hike recede

U.S. gross domestic product increased at a 1.2 percent annual rate in the April-June period.

Aug 1, 2016

Uber to merge China operations with Didi Chuxing

According to reports, the value of the deal is pegged at $35 billion.

Aug 1, 2016

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Jet fuel prices fall 4%; aviation, oil stocks trend divergently

The new aviation turbine fuel (ATF) or jet fuel price, will be effective from Aug 1.

Aug 1, 2016

Gold Bonds: 4th tranche collection at new high; Modi Govt plans more tranches in FY17

The fourth tranche of the gold bond scheme saw 1.95 lakh applications worth Rs. 919 crore representing 2,950 kg of gold.

Aug 1, 2016

Vijay Mallya's KFA assets to be auctioned on Aug 4; jet, houses, bathrobe, sofa up for sale

The assets, which will be auctioned, are worth Rs. 700 crore.

Aug 1, 2016

Foreign institutions invest $1,575 million in July in Indian equities; July car sales data crucial next week

For most of July, FIIs/FPIs invested about $1,575 million (net) in Indian stocks markets; July car sales data to influence trading next week.

Jul 30, 2016

ICICI Bank Q1 net profit down 25% on higher provisioning, net NPAs jump to 3.35%

The bank set aside Rs. 2,514 crore in provisioning against bad loans, up 163% from Rs. 955 crore in the corresponding quarter previous year.

Jul 29, 2016

PVR registers marginal fall in its net profit for June quarter

The multiplex firm's profit declined marginally by 1.60 percent to Rs. 42.81 crore in the June quarter of 2017.

Jul 29, 2016

Select shares gain despite Sensex losing over 150 points; Eicher Motors, Jet Airways, DCB Bank stocks spurt

A fall in bank stocks led to markets closing Friday trading with losses; select shares like Eicher, Dish TV, DCB Bank, Jet Airways gained.

Jul 29, 2016

Amazon's Jeff Bezos crowned world's third richest man, Mark Zuckerberg ranked 5th

Bezos surpassed Warren Buffet, the chairman and chief executive of Berkshire Hathaway, to gain the number three slot.

Jul 29, 2016

Reliance Infra to exit road business, may sell entire portfolio to ease debt

Reliance Infrastructure is reportedly negotiating with Brookfield Asset Management to sell all its road projects for around Rs. 8,000 crore.

Jul 29, 2016

Shoppers Stop posts loss, low revenue growth in June quarter

K Raheja Group retail chain Shoppers Stop announced its first quarter (Q1) results on Friday.

Jul 29, 2016

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Business news

Facebook June quarter net earnings higher than combined profit of Infy, Wipro, TCS

IndiGo-owner Interglobe's Q1 net profit falls 7.4% to Rs. 591 crore

10 percent of entry, mid-level IT jobs will be lost to automation, says Mohandas Pai

Asian shares hit 1-year peak as chances of US rate hike recede

Uber to merge China operations with Didi Chuxing

Jet fuel prices fall 4%; aviation, oil stocks trend divergently

Gold Bonds: 4th tranche collection at new high; Modi Govt plans more tranches in FY17

Vijay Mallya's KFA assets to be auctioned on Aug 4; jet, houses, bathrobe, sofa up for sale

Foreign institutions invest $1,575 million in July in Indian equities; July car sales data crucial next week

ICICI Bank Q1 net profit down 25% on higher provisioning, net NPAs jump to 3.35%

PVR registers marginal fall in its net profit for June quarter

Select shares gain despite Sensex losing over 150 points; Eicher Motors, Jet Airways, DCB Bank stocks spurt

Amazon's Jeff Bezos crowned world's third richest man, Mark Zuckerberg ranked 5th

Reliance Infra to exit road business, may sell entire portfolio to ease debt

Shoppers Stop posts loss, low revenue growth in June quarter

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]