Business news

TCS Jobcuts and Unionisation Drive: Existential Threat to India's Knowledge-Driven IT Industry?

Trade unions, until recently considered a taboo in the IT industry, are seeking to ingrain themselves with employees facing the axe.

Jan 6, 2015

Xiaomi's Revenue Doubles to $12 Billion as Phone Sales Triple

Xiaomi, China's largest smartphone maker, announced on Monday that its revenue had doubled to $12 billion on account of its phone sales that tripled in 2014.

Jan 5, 2015

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding

Jan 5, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

BSE closes points 45.58 down on Jan 5

New Delhi, Jan 5 (ANI): Trading at the Bombay Stock Exchange today closed 45.58 points down to stand at 27,842.32. At the National Stock Exchange the Nifty closed 17.05 points down to stand at 8,378.40. ASHOK LEYLAND LTD. and GSPL were among the top gainers of Group A with an increase of 7.96% and 7.75% along with VA TECH WABAG LTD. and UNITECH with an increase of 5.67% and 4.60% respectively, while the top losers of Group A include IRB and PERSISTENT SYSTEMS LTD. with a decrease of 6.96% and 6.52% along with RattanIndia Power Limited and PMCFIN with a decrease of 4.97% and 4.95% at the close of the markets. The Auto sector is up 213.82 points at 19,050.97 while the banking sector is down 54.98 points at 21,775.12 and the reality sector is up 3.51 points at 1,575.41. The Indian currency is up 0.05% at Rs 63.31 per dollar.

Jan 5, 2015

Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units.

Jan 5, 2015

China Ends Rare Earth and Metals Export Quota

The Chinese government abolished export quota on rare earth and other metals used in high-end electronic devices like smartphones on December 31, 2014.

Jan 5, 2015

Jet Airways Eyes SpiceJet's Bombardier Q400 Fleet; Vistara To Take Delivery of 3rd A-320

The fall in fuel prices bodes well for the airline industry which has struggled to turn in a profit. Fleet expansion and optimization could help improve operating costs and profits.

Jan 5, 2015

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues.

Jan 5, 2015

finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks.

Jan 3, 2015

Arvind Panagariya -- Meet the Man Who Will Implement Modi's Plans for Economy

Jagdish Bhagwati favored his protege, Panagariya, to become the chief economist to Narendra Modi, in April.

Jan 3, 2015

Government Plans Massive Public Investment to Boost Economy

The Narendra Modi government's growth strategy for fiscal 2015-16 is three-pronged – increase in public investment, easing fiscal roadmap and higher revenue generation from oil, spectrum and disinvestment.

Jan 3, 2015

logos-of-tata-consultancy-services-tcs-are-displayed-at-the-venue-of-the-annual-general-meeting-of-the-software-services-provider-in-mumbai-june-29-2012

Protests Against 'Involuntary Attrition' of IT Major Gain Traction

TCS to recruit 55,000 new employees, with a significant 35,000 coming from campuses.

Jan 3, 2015

former-pm-went-ahead-with-corruption-knowing-it-will-hurt-countrys-economy-prakash-javadekar

Javadekar Eases Green Norms For 'Linear' Infra Projects

On receiving the necessary approvals, infra projects can go ahead with tree cutting and commence work if the necessary funds are in place

Jan 2, 2015

More Room for Chickens in US Poised to Push Up Egg Prices

Eggs are going to get costlier in the US this year as a new law that requires poultry farmers to put their hens in larger, roomier cages goes into effect this month.

Jan 2, 2015