Business news

Wipro ADRs plunge more than 4% on Nasdaq, NYSE in response to downbeat Q4 results

In sharp contrast to Wipro, Infosys ADRs rose more than 8 percent after its upbeat Q4 results and FY2017 guidance.

Apr 22, 2016

British govt offers to buy stake in debt-ridden Tata Steel

Up to 40,000 jobs in the UK could be saved if the government's plan to to partly nationalise Tata Steel's UK business works out finally.

Apr 22, 2016

Vijay Mallya makes a new settlement offer of Rs. 6,868 crore

Mallya told the Supreme Court Rs. 1,591 crore could be deposited upfront by selling off shares in United Spirits and Airbus.

Apr 22, 2016

Microsoft revenue, profit misses estimates

Two of Microsoft's three major businesses showed lower operating profits led by intelligent cloud division.

Apr 22, 2016

Google's parent Alphabet results hit by rising traffic costs, strong dollar

The results, which were also hit by the strong dollar, drove shares of the Web search company down 6 percent in late trading Thursday.

Apr 22, 2016

Oil: Three reasons why you should invest in oil companies despite Doha failure

Despite the Doha Opec meeting failing to freeze oil output, there are many reasons why oil prices can recover.

Apr 21, 2016

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Three directors of Bombay Rayon Fashions allegedly misappropriated Rs. 1.90 crore belonging to their employees' provident fund.

Apr 21, 2016

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

State-run Dredging Corporation of India is expected to benefit from initiatives such as "Sagarmala" and "Clean Ganga."

Apr 21, 2016

TCS added more employees than Wipro and Infosys put together in FY16

Tata Consultancy Services Limited added 34,187 employees on a net basis, more than 17,857 by Infosys and 14,695 by Wipro in 2015-16.

Apr 21, 2016

SEBI grants conditional nod to RBL Bank IPO

The Kolhapur-based bank is planning to raise about Rs. 1,100 crore through the proposed IPO.

Apr 21, 2016

Mexico: Oil plant explosion in Veracruz kills three and injures at least 30 others

Apr 21, 2016

Crude oil prices fall as major producers hint at output hike

Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed.

Apr 21, 2016

Qualcomm profit forecast misses estimates as chip shipments drop

Qualcomm said it expects chip shipments to fall 13-22 percent to 175-195 million in the current quarter.

Apr 21, 2016

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Bengaluru-based Wipro announced its fourth-quarter and annual results for 2015-16 on Wednesday, including a share buy-back programme.

Apr 20, 2016

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Wipro announces decision to buy back 40 million shares

Wipro informed stock exchanges on Monday about the decision to buy back the shares for an amount not exceeding Rs. 2,500 crore.

Apr 20, 2016

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Business news

Wipro ADRs plunge more than 4% on Nasdaq, NYSE in response to downbeat Q4 results

British govt offers to buy stake in debt-ridden Tata Steel

Vijay Mallya makes a new settlement offer of Rs. 6,868 crore

Microsoft revenue, profit misses estimates

Google's parent Alphabet results hit by rising traffic costs, strong dollar

Oil: Three reasons why you should invest in oil companies despite Doha failure

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

TCS added more employees than Wipro and Infosys put together in FY16

SEBI grants conditional nod to RBL Bank IPO

Mexico: Oil plant explosion in Veracruz kills three and injures at least 30 others

Crude oil prices fall as major producers hint at output hike

Qualcomm profit forecast misses estimates as chip shipments drop

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Wipro announces decision to buy back 40 million shares

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]