Business news

Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

Infosys Q2 Profit Rises 28.6%, Shares Jump on Bonus

Infosys also declared 1:1 bonus shares to investors.

Oct 10, 2014

Is Amazon Planning to Acquire Jabong? New War in Fashion E-tail

The deal, if finalized, could pose serious competition to the current market leader Mytnra, which was acquired by Flipkart,

Oct 10, 2014

Chinese Exports Hit Sivakasi Firecracker Makers; 5 Lakh Families Suffer Losses

Illegally imported Chinese firecrackers are devoid of authenticity; Indian manufacturers take complete responsibility of products.

Oct 9, 2014

BSE closes points 390.49 up on Oct 9

New Delhi, Oct 9 (ANI): Trading at the Bombay Stock Exchange today closed 390.49 points up to stand at 26,637.28. At the National Stock Exchange the Nifty closed 117.85 points up to stand at 7,960.55. NCC and DEN were among the top gainers of Group A with an increase of 14.81% and 11.00% along with RAYMOND and BHEL with an increase of 8.42% and 8.37% respectively, while the top losers of Group A include RASOYA PROTEINS LTD. and SUZLON with a decrease of 4.91% and 3.90% along with TECH MAHINDRA LTD. and MINDTREE with a decrease of 2.60% and 2.18% at the close of the markets. The Auto sector is up 170.12 points at 17,844.10 while the banking sector is up 441.80 points at 18,017.86 and the reality sector is up 41.09 points at 1,616.78. The Indian currency is down 0.66% at Rs 60.99 per dollar.

Oct 9, 2014

Infosys Whistleblower in US Files Second Lawsuit; Seeks Reappointment, Compensation

In the first lawsuit filed by the whistleblower Jack Palmer, Infosys had to pay $32 million to the US government for civil settlement of visa fraud case.

Oct 9, 2014

Flipkart Big Billion Day Fail? Consumers Mock #FlopKart Show on Twitter

Flipkart 'Big Billion' Sale: Government Intervenes, Will Examine Complaints

Government will look into Flipkart complaints to check if Commerce and Industry Ministry needs a separate policy on e-commerce in retail.

Oct 9, 2014

Reliance Group to Invest ₹60,000 Crore in Madhya Pradesh

Inspired with Modi's "Make in India" mission, Ambani group will go a step further with its "Make in Madhya Pradesh" mission.

Oct 9, 2014

sensex-gains-400-points-nifty-stable-at-7700-as-markets-laud-modis-budget

Sensex Trades up 250 Points; Banks Stocks Shine

The Sensex touched a high of 26,571.66 points and a low of 26,394.21 points in the trade so far.

Oct 9, 2014

Yashodhara Raje Scindia underscores skill development for youth at Global Investors Summit

Indore, Oct 09 (ANI): Madhya Pradesh Commerce and Industry Minister Yashodhara Raje Scindia said at the Global Investors Summit that she will take steps for skill development of the youths and unemployed of the state so that they become self reliant. During a news conference at the Global Investors Summit, the minister said the regional government will ensure skill availability within the state. Barely weeks after Prime Minister, Narendra Modi, launched his 'Make in India' initiative, Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan, inaugurated a three-day Global Investors Summit on Wednesday, inviting business leaders from across the world to invest in the state. Scindia added that enhancing employment is one of the primary objectives of her government. She said she will also urge corporate houses to adopt industrial training institutes so that they can directly hire talent from there. Day one of the summit was dedicated to Micro, Small and Medium Enterprises (MSME). Scindia said the MSME sector demands special attention from the federal government.

Oct 9, 2014

BSE closes points 25.18 down on Oct 8

New Delhi, Oct 8 (ANI): Trading at the Bombay Stock Exchange today closed 25.18 points down to stand at 26,246.79. At the National Stock Exchange the Nifty closed 9.70 points down to stand at 7,842.70. BF UTILITIES LTD. and IOC were among the top gainers of Group A with an increase of 9.87% and 6.99% along with NATIONALUM and GSFC with an increase of 5.91% and 5.71% respectively, while the top losers of Group A include NATCO PHARMA LTD. and CREDIT ANALYSIS AND RESEARCH LTD. with a decrease of 6.96% and 5.62% along with JKLAKSHMI and HEXAWARE with a decrease of 5.44% and 5.02% at the close of the markets. The Auto sector is up 101.28 points at 17,673.98 while the banking sector is up 189.76 points at 17,576.06 and the reality sector is up 24.34 points at 1,575.70. The Indian currency is down 0.07% at Rs 61.38 per dollar.

Oct 8, 2014

Indian TV Viewers Could Soon Switch Service Provider with Ease

Ministry is working towards bringing in "inter-operability" to the Set Top Boxes, said I&B Minister Prakash Javadekar.

Oct 8, 2014

Sensex Trades Flat; Healthcare Stocks Plunge

However, healthy buying was observed in capital goods, automobile, consumer durable, banks and FMCG sectors.

Oct 8, 2014

Yahoo! Lays Off 400 India Staff but Offers US Jobs to Some

The company would consolidate "certain teams into fewer offices" in Bangalore, its second largest engineering facility outside US.

Oct 8, 2014

International Gold Price should Bottom around $1,100 per Ounce

The US economy added 248,000 jobs in September, which marked the 48th straight month of job creation.

Oct 7, 2014

BSE closes points 296.02 down on Oct 7

New Delhi, Oct 7 (ANI): Trading at the Bombay Stock Exchange today closed 296.02 points down to stand at 26,271.97. At the National Stock Exchange the Nifty closed 93.15 points down to stand at 7,852.40. GMRINFRA and APOLLOTYRE were among the top gainers of Group A with an increase of 12.08% and 6.04% along with HATHWAY and SCI with an increase of 5.34% and 5.29% respectively, while the top losers of Group A include DEN and CYIENT with a decrease of 8.54% and 7.93% along with PETRONET and POLARIS with a decrease of 6.27% and 6.00% at the close of the markets. The Auto sector is down 129.45 points at 17,590.42 while the banking sector is down 178.83 points at 17,359.74 and the reality sector is down 19.88 points at 1,551.36. The Indian currency is up 0.32% at Rs 61.41 per dollar.

Oct 7, 2014