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HCL Tech Q1 net profit up 14.8%; shares jump 8.6%

Shares of HCL Technologies jumped over 8 percent intraday, as the IT company's net profit increased by 14.8 percent year-on-year.

Aug 3, 2016

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HSBC's first-half profit skids 29% on UK, Hong Kong slowdown

HSBC said that pretax profit in the half ended June slipped to $9.7 billion, down from $13.6 billion in the same period a year earlier.

Aug 3, 2016

SBI merger: 30 percent cut and consolidation of branches may not affect employees

A recent proposal has advised SBI to cut, consolidate or relocate 30 percent of its 24,000 branches.

Aug 2, 2016

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Paytm catching up with rival BookMyShow; claims to sell 1 lakh online movie tickets daily

Mobile payment firm Paytm entered online movie ticket booking space in March and is fast catching up with rival Bookmyshow.

Aug 2, 2016

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RBL Bank IPO: Issue size, listing, price band, net profit, EPS, revenues, NPAs, and other details you need to know

RBL Bank, the Kolhapur-based private sector lender, is coming up with an initial public offering (IPO).

Aug 2, 2016

HCL Technologies earnings in focus after lacklustre Q1 by peers TCS, Infosys, Wipro

The Indian IT sector is undergoing a shift from resources-heavy IT operations to automation, cloud computing and artificial intelligence.

Aug 2, 2016

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HDFC masala bonds list on London Stock Exchange; Deepak Parekh says sovereign wealth investors bullish

HDFC raised Rs. 3,000 crore via masala bonds last month; the bonds got listed on London Stock Exchange (LSE) on Monday.

Aug 2, 2016

Wipro to acquire Israeli aerospace machine manufacturer H R Givon

The all cash acquisition is expected to be completed by September this year.

Aug 1, 2016

Tech Mahindra Q1 net profit rises 20.5%, revenues up 10%

Tech Mahindra, which posted a 20.5 percent increaese in Q1 net profit, will focus on automation, says CEO C.P. Gurnani.

Aug 1, 2016

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Facebook June quarter net earnings higher than combined profit of Infy, Wipro, TCS

Menlo Park-based social media company Facebook had net earnings of more than $2 billion, higher than the combined one of Infosys, Wipro and TCS.

Aug 1, 2016

IndiGo-owner Interglobe's Q1 net profit falls 7.4% to Rs. 591 crore

The low-cost carrier's profit fell on account of competitive pricing between airlines during the peak travel season.

Aug 1, 2016

Uber to merge China operations with Didi Chuxing

According to reports, the value of the deal is pegged at $35 billion.

Aug 1, 2016

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Jet fuel prices fall 4%; aviation, oil stocks trend divergently

The new aviation turbine fuel (ATF) or jet fuel price, will be effective from Aug 1.

Aug 1, 2016

Vijay Mallya's KFA assets to be auctioned on Aug 4; jet, houses, bathrobe, sofa up for sale

The assets, which will be auctioned, are worth Rs. 700 crore.

Aug 1, 2016

ICICI Bank Q1 net profit down 25% on higher provisioning, net NPAs jump to 3.35%

The bank set aside Rs. 2,514 crore in provisioning against bad loans, up 163% from Rs. 955 crore in the corresponding quarter previous year.

Jul 29, 2016

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