Business news

IT Sector Pays Highest Hourly Salary, Followed by Finance: Report

With a median gross salary of ₹341.8 per hour, the software industry has emerged as the top paymaster, followed by finance sector that pays ₹291 per hour.

Jan 20, 2015

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Budget Proposals Will Be Transparent, Says Arun Jaitley

Arun Jaitley reiterated his stand on a more rationalized tax structure and added that Tier II and III cities would see infra investments go up, benefiting farmers.

Jan 20, 2015

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BSE closes points 522.66 up on Jan 20

New Delhi, Jan 20 (ANI):Trading at the Bombay Stock Exchange today closed 522.66 points up to stand at 28,784.67. At the National Stock Exchange the Nifty closed 144.90 points up to stand at 8,695.60. GDL and PRESTIGE were among the top gainers of Group A with an increase of 9.96% and 7.05% along with ABAN and HDFC with an increase of 6.29% and 5.63% respectively, while the top losers of Group A include PMCFIN and RAJESH EXPORTS with a decrease of 4.96% and 4.43% along with MINDTREE LTD and MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. with a decrease of 4.17% and 3.80% at the close of the markets. The Auto sector is up 136.84 points at 19,658.28 while the banking sector is up 409.99 points at 22,633.4 and the reality sector is up 19.49 points at 1,643.38. The Indian currency is down 0.11% at Rs 61.78 per dollar.

Jan 20, 2015

Budget Session Likely to Begin on 23 February, CCPA to Finalise Dates

The Union Budget for fiscal year 2015-16 is crucial for the new government as it will be their first full-year budget.

Jan 20, 2015

Twitter Shares Soar Following Takeover Rumours; Is Google A Potential Buyer?

Twitter Makes First Indian Acquisition - ZipDial - a 'Missed-Call' Service Provider

Furthering the Indian software success story, ZipDial, a missed-call marketing platform company, has been acquired by US-based micro-blogging site Twitter.

Jan 20, 2015

After World Bank, IMF Projects India to Outpace China's Growth in 2016

IMF projects the world's 10th-largest economy to post faster economic growth, overtaking China.

Jan 20, 2015

Employee Under-Performance and the TCS Saga -- Myth and Truth

As former employees struggle to come to terms with their lives taking a strange turn, employers have also raised the performance bar. The Indian IT employee has much to be concerned about.

Jan 19, 2015

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Arun Jaitley: Investment, Growth Linked to Policy Stability, Rationalised Subsidies

To attract investments and achieve high economic growth, it is necessary to rationalise subsidies and have stable economic policies, according to Union Finance Minister Arun Jaitley.

Jan 19, 2015

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BSE closes points 140.12 up on Jan 19

New Delhi, Jan 19 (ANI): Trading at the Bombay Stock Exchange today closed 140.12 points up to stand at 28,262.01. At the National Stock Exchange the Nifty closed 36.90 points up to stand at 8,550.70. SPARC and RAJESH EXPO were among the top gainers of Group A with an increase of 19.98% and 14.40% along with SUZLON and SINTEX with an increase of 9.00% and 7.95% respectively, while the top losers of Group A include MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. and HINDUSTAN UNILEVER LTD. with a decrease of 6.75% and 5.27% along with PMCFIN and PIIND with a decrease of 4.99% and 4.23% at the close of the markets. The Auto sector is up 189.54 points at 19,515.84 while the banking sector is up 202.03 points at 22,223.44 and the reality sector is up 4.02 points at 1,623.89. The Indian currency is down 0.16% at Rs 61.76 per dollar.

Jan 19, 2015

Wipro Q3 Results 'Fires All Engines,' Shares Up By Almost 8%

The Bengaluru based company reported its third-quarter results ended 31 December 2014 after market hours on Friday

Jan 19, 2015

Help Railways Cut Energy Costs, Suresh Prabhu tells Experts

The Railway minister asked industry experts to help bring down the energy costs for Railways.

Jan 17, 2015

World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit.

Jan 17, 2015

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What's on TCS CEO's Budget Wishlist? Ease of Doing Business, Simple Tax Dispute Resolution

TCS CEO N Chandrasekaran asked the government to improve the business start-up scenario and to simplify tax dispute resolution provisions.

Jan 17, 2015

TCS Remains 'Sensitive' and 'People-Centric', Insists CEO Chandrasekaran

TCS CEO addressed the recent canards of firing thousands of people, insisting that the employer remains 'sensitive' to its employees

Jan 17, 2015

Wipro quarterly profit beats estimates

Bengaluru, Jan 17 (ANI): India's third-biggest software services company Wipro reported a near-9 percent rise in third-quarter profit, slightly ahead of analysts' forecasts, helped by a rise in clients' technology spending. The company said revenue from its IT services business is expected to be $1.8 billion to $1.85 billion in the January-March period, representing growth of up to 3.4 percent from the preceding quarter. Wipro also announced the appointment of Jatin Dalal, senior vice president in the finance department, to take over from retiring CFO Suresh Senapaty from April.

Jan 17, 2015

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