Companies

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

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

BSE closes points 380.36 up on Jan 2

New Delhi, Jan 2 (ANI): Trading at the Bombay Stock Exchange today closed 380.36 points up to stand at 27,887.90. At the National Stock Exchange the Nifty closed 111.45 points up to stand at 8,395.45. PIPAVAVDOC and GPPL were among the top gainers of Group A with an increase of 13.70% and 12.08% along with BERGER PAINTS INDIA LTD and BAYER CROPSCIENCE LTD with an increase of 11.08% and 8.94% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.96% and 4.88% along with MUTHOOT FINANCE LTD and PRESTIGE with a decrease of 4.74% and 4.53% at the close of the markets. The Auto sector is up 142.35 points at 18,845.88 while the banking sector is up 356.91 points at 21,830.10 and the reality sector is up 14.15 points at 1,571.90. The Indian currency is up 0.36% at Rs 63.31 per dollar.

Jan 2, 2015

Manufacturing PMI Zooms to Two-Year High Of 54.5 in December

Expectations run high on government reforms and RBI rate cut.

Jan 2, 2015

Snapchat Raises $486 mn, Firm Now Valued at $10 bn

Snapchat, the instant photo messaging app, has managed to raise about $486 million in its latest round of funding, which now pegs its value at $10 billion.

Jan 2, 2015

BSE closes points 8.12 up on Jan 1

New Delhi, Jan 1 (ANI): Trading at the Bombay Stock Exchange today closed 8.12 points up to stand at 27,507.54. At the National Stock Exchange the Nifty closed 1.30 points up to stand at 8,284.00. JUBILANT and MUTHOOTFIN were among the top gainers of Group A with an increase of 17.29% and 11.81% along with JETAIRWAYS and GRUH with an increase of 9.99% and 9.43% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.96% and 4.65% along with GPPL and Sunrise Asian Ltd. with a decrease of 3.85% and 2.62% at the close of the markets. The Auto sector is up 72.69 points at 18,703.53 while the banking sector is up 15.08 points at 21,473.19 and the reality sector is up 2.68 points at 1,557.75. The Indian currency is down 0.39% at Rs 63.28 per dollar.

Jan 1, 2015

Idaho: Uber Operates in Boise Despite Cease-and-Desist Order

Uber, the controversial ride-sharing service, continued to operate in the city of Boise, Idaho, despite the cease-and-desist order sent by city officials to the company.

Jan 1, 2015

Microsoft Sues Bangalore-Based Software Firm for Running 'Tech Support Scam'

Almost 65,000 complaints involving such scams have been registered since May, Microsoft said

Dec 31, 2014

SpiceJet Denies Extending Flight Cancellations, to Operate 230 Flights Daily in January

Cash strapped airline SpiceJet denied media reports on flight cuts, confirming that it intends to operate 230 flights a day in January 2015 ₹

Dec 31, 2014

BSE closes points 7.81 up on Dec 30

New Delhi, Dec 30 (ANI): Trading at the Bombay Stock Exchange today closed 7.81 points up to stand at 27,403.54. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 8,248.25. ADANI PORTS and BEML were among the top gainers of Group A with an increase of 7.92% and 7.53% along with NATCO PHARMA LTD. and ABB with an increase of 6.59% and 6.58% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.97% and 4.93% along with UNITECH and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.79% and 4.03% at the close of the markets. The Auto sector is down 61.93 points at 18,670.54 while the banking sector is up 143.37 points at 21,365.09 and the reality sector is down 3.11 points at 1,540.13. The Indian currency is down 0.37% at Rs 63.43 per dollar.

Dec 30, 2014

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Xiaomi, the largest smartphone maker of China, confirmed on Monday that it has managed to raise $1.1 billion in its latest round of funding.

Dec 30, 2014

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

The burger giant reportedly filed for an Initial Public Offering with the US Securities and Exchange Commission on Monday.

Dec 30, 2014

BSE closes points 153.95 up on Dec 29

New Delhi, Dec 29 (ANI):Trading at the Bombay Stock Exchange today closed 153.95 points up to stand at 27,395.73. At the National Stock Exchange the Nifty closed 45.60 points up to stand at 8,246.30. ABAN and RELIGARE were among the top gainers of Group A with an increase of 17.27% and 10.78% along with GPPL and IL&FS Transportation Networks Ltd with an increase of 8.76% and 6.66% respectively, while the top losers of Group A include PMCFIN and PAGE INDUSTRIES LTD with a decrease of 6.83% and 4.98% along with RASOYPR and INFRATEL with a decrease of 4.70% and 2.93% at the close of the markets. The Auto sector is up 279.28 points at 18,734.41 while the banking sector is down 31.58 points at 21,221.72 and the reality sector is up 10.01 points at 1,543.95. The Indian currency is down 0.18% at Rs 63.68 per dollar.

Dec 29, 2014

Allianz Jinxed? After MH370 and MH317, Company Confirms It is Lead Insurer to Missing AirAsia Flight; Could Take $100 mn Hit in Claims

Allianz SE, the German multinational financial services company, confirmed on Monday that it was the lead re-insurer for the AirAsia flight that went missing on Sunday. Agencies believe the payout could cost more than $100 million.

Dec 29, 2014