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Infosys employees

Infosys reintroduces employee stock option; attrition up by 3 percent in Q1 FY17

Infosys to reward 7,500 junior to mid-management employees with stock option, says UB Pravin Rao, COO, Infosys. Jul 15, 2016
Idea Cellular

Idea to offer up to 45% more internet on all existing mobile internet packs

The offer appears to target small time mobile internet subscribers with data packs below 1 GB across 4G, 3G and 2G networks. Jul 15, 2016
pnb-punjab-national-bank

PNB shares rally 13.3% since RBI okays foreign investment into state-run bank

PNB shares are surging on account of its housing subsidiary filing an IPO and a seven-year old restriction on receiving foreign funds being struck off. Jul 15, 2016
Bell Helicopter

Tata Advanced Systems, Bell Helicopter sign chopper deal

The two firms would jointly develop commercial and government rotary wing markets in India under the light utility segment. Jul 15, 2016
Steel Imports MIP Steel imports from China

Essar Steel Algoma sale suffers setback; American PE fund KPS Capital Partners opts out of bidding consortium

The consortium agreement has been terminated, but the lenders will continue to bid independently. Jul 15, 2016
Infosys

Infosys Q1 2017: Here is what Vishal Sikka, Pravin Rao, M.D. Ranganath said after June quarter results

Infosys lowers its revenue guidance for FY2017 after declaring June quarter results while CEO Vishal Sikka talks about challenges. Jul 15, 2016
Infosys IT company

Infosys Q1 2017: Shares plunge almost 10% on disappointing June quarter results, downward guidance

Shares of Infosys dropped sharply after it declared its June 2016 quarter results on Friday. Jul 15, 2016

Microsoft wins landmark appeal over seizure of foreign emails

Microsoft had been challenging a warrant seeking emails stored on a server in Dublin, Ireland, in a narcotics case. Jul 15, 2016
ONGC gas prices

ONGC Videsh to raise $1.1 billion to fund stake purchase in Russian Vankor oilfield

ONGC has restricted its guarantee amount to 109 percent of the principal amount of the bonds outstanding. Jul 14, 2016
Tata Consultancy Services (TCS)

TCS June 2016 quarter net profit rises 9.4%, revenues up 14%

Mumbai-based Tata Consultancy Services (TCS) net profit rises 9.4 percent while revenues increase 14.2 percent, YoY. Jul 14, 2016
bengaluru

Infosys AI lead Samson David steps down ahead of Q1 FY17 results

Samson David, who spearheaded Infosys' AI platform Mana, is the fifth top executive to quit the company in the last two years. Jul 14, 2016
vistara airasia india aviation policy india domestic air traffic Phee Teik Yeoh

Vistara plans using smaller aircraft, new brand for regional operations

The airline plans to use smaller aircraft to connect regional airports with those in metro cities. Jul 14, 2016
IB Times

June 2016 results preview: Ashok Leyland net profit, revenues likely to rise sharply, says analyst

Heavy vehicle maker Ashok Leyland is likely to see its June quarter net profit climb 60 percent, says Motilal Oswal Securities. Jul 13, 2016
AirAsia India

Farnborough International Airshow: GoAir, AirAsia place orders for 172 Airbus aircraft

Indian carrier GoAir will buy 72 Airbus A320sneos, while AirAsia will expand its fleet by 100 A321neos. Jul 13, 2016
Bombay Stock Exchange building

Indiabulls offices raided by income tax department; shares fall on BSE

Shares of Indiabulls Housing Finance and Indiabulls Real Estate fell over reports that the companies' offices were raided by I-T department. Jul 13, 2016
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