Business news

Infosys Profit Up by 5% in Q1, Shares Soar 10%

Analysts said that the company is making a progress due to various strategies initiated by its newly-appointed CEO Sikka.

Jul 21, 2015

PayPal valued at about $52bn in market return

PayPal Holdings shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on 20 July, valuing the company at about $52bn (£33.4bn).

Jul 20, 2015

Infosys Q1 Net Profit Likely to Fall 2.5%, Says CNBC-TV18 Poll

The poll estimates revenue of the Bengaluru-based company to grow about 5% to Rs 14,097 crore.

Jul 20, 2015

Gold Price Slumps to 5-Year Low Triggered by Frantic Selling by China, Recovers Later; Platinum Falls to 6-Year Low

Gold price fell to $1,088.05 an ounce, the lowest since March 2010, as soon as trading began on the Shanghai Gold Exchange.

Jul 20, 2015

Huawei's H1 Revenue up 30% at Rs. 1.7 Lakh Crore

Huawei earlier this year set a target of 20 percent growth in global revenue for 2015.

Jul 20, 2015

Gold Tumbles 4% to 5-year Low, Platinum Weakest Since 2009

It was a sudden, massive drop for gold and platinum prices which had breached critical support levels since Friday

Jul 20, 2015

Stock Markets: Hopes of Reforms, Rate Cut, Cheap Oil Drive Rally

The markets are hopeful of a rate cut from the Reserve Bank of India (RBI) in its upcoming monetary policy review in August, says an analyst.

Jul 18, 2015

Google Propels Nasdaq to Another Record High Close

Google surged 16.26 percent to end at an all-time high of $699.62, a day after reporting strong ad revenue growth.

Jul 18, 2015

Los Angeles airport to become largest air hub to allow Uber pick-ups

Los Angeles International Airport is set to become the largest US airport to allow popular ride-sharing services such as Uber and Lyft to pick up passengers at curbside, following a vote by a local commission on 16 July.

Jul 17, 2015

SBI Plans to Share 3% Profit With Staff; Centre's Decision Pending

SBI chairperson Arundhati Bhattacharya justified the proposal to prevent the poaching of senior and mid-level managers by private banks, which offer much better incentives.

Jul 17, 2015

Anil Ambani Announces Rs.5,000 Crore New Defence Investment

The Reliance Group chairman said the acquisition of the Pipavav Defence Company in Gujarat with assets worth more than Rs.10,000 crore was his company's contribution towards self reliance.

Jul 17, 2015

ECB agrees extra emergency funding for Greek banks

The European Central Bank (ECB) raised its emergency funding for Greek banks slightly on 16 July, in a step to help banks partially reopen after euro zone governments agreed in principle to grant Athens a new three-year loan.

Jul 16, 2015

DoT Targets WhatsApp, Skype; End of Free Voice Calls?

The DoT Committee has suggested that tariff and regulation be set up for voice calling on Viber, Skype and others.

Jul 16, 2015

Uber fined $7.3m by California regulator over disclosure

A court in California has slapped a $7.3m (£4.6m, €6.6m) fine on taxi-app firm Uber for not disclosing enough information about its operations to regulators, besides recommending suspension of its operations across the state.

Jul 16, 2015