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ICICI Bank reports 189% rise in Q4 net profit; declares 1:10 bonus

While standalone net profit rose to Rs 2,025 crore ($312 million) from Rs 702 crore, YoY, bad loans as a percentage of total advances also shot up.

May 3, 2017

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Seattle pips San Francisco as best city for tech employees, reveals study

A survey by career solutions firm Paysa throws up interesting insights on cities with cost of living and earning potential for tech employees.

May 3, 2017

hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india, rera, real estate

Hudco IPO to open on May 8, close on May 11

A fully-owned public sector company, Hudco, is offering 20 crore shares by way of offer of sale at a price band of Rs 56-60 per share.

May 3, 2017

Fortigo Network raises $10 million, 4tigo network, fortigo network investors, nandan nilekani invests in fortigo network

Fortigo Network (4TiGO) raises $10 million from Nandan Nilekani, Accel Partners

In the Series A round, Fortigo Network raised $10 million from Infosys co-founder and former UIDAI Chairman Nandan Nilekani, and Accel Partners.

May 3, 2017

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MakeMyTrip to raise $330 million via share sale to drive growth

Nasdaq-listed MakeMyTrip, the Indian online travel company, will sell shares at $36 apiece to Ctrip.com, MIH Internet SEA and other investors.

May 3, 2017

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Matrimony.com posts Rs. 300 crore in revenues for FY2017; IPO likely in September quarter, says founder-CEO Murugavel Janakiraman

Murugavel Janakiraman, founder and CEO of Matrimony.com, which owns BharatMatrimony and few other matchmaking portals, speaks about the upcoming initial public offering (IPO) to International Business Times, India edition.

May 3, 2017

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Infosys decision to hire 10,000 Americans seen as yielding to pressure tactics of Trump administration

A day after Infosys said it will be hiring 10,000 American workers over two years, a White House spokesperson lauds CEO Vishal Sikka's decision.

May 3, 2017

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Lendingkart Finance partners with BASIX Sub-K to facilitate working capital loans

Over 1,20,000 SMEs have till date reached out to Lendingkart Finance for their credit needs.

May 2, 2017

Wipro unveils new brand identity and logo

"The new brand identity marks our journey of transformation in the digital world," says Abidali Z. Neemuchwala, CEO and Executive Director, Wipro.

May 2, 2017

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BMR elevates five partners in Mumbai, Delhi

The partners are Anand Laxmeshwar, Sumit Singhania, Saurabh Kanchan, Lokesh Malik and Harkishan Bhatia.

May 2, 2017

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ICICI Group launches 100 'ICICI Digital Villages'

The 100 villages that have been transformed into 'ICICI Digital Villages' are located across 17 states in India.

May 2, 2017

bikini airline vietjet, vietjet services, vietjet stewardesses, vietjet bikini dance, vietjet ipo, vietjet ceo CEO Nguyen Thi Phuong Thao

'Bikini airline' VietJet plans to grab 50% market share, raises cap on foreign ownership

VietJet, Vietnam's only private airline, which went public this February, shot into fame first in 2012 for hiring bikini-clad women to walk the aisle.

May 2, 2017

saudi aramco, aramco ipo, aramco public issue

Saudi Aramco takes 100% control of America's largest oil refinery

Port Arthur is considered the crown jewel of the US refinery system.

May 2, 2017

infosys, infosys share buyback, infosys bonus history, infosys share price, infosys capital structure, infosys cash reserves

Infosys to hire 10,000 Americans in the next two years; build four technology hubs

In a statement, Infosys CEO Vishal Sikka says hiring 10,000 American workers and setting up technological hubs will "help invent and deliver the digital futures for our clients."

May 2, 2017

Apple likely to report $250 billion in cash reserves

Apple's cash pile of ~$250 billion assumes significance in the context of US President Donald Trump's proposed tax break for American companies to repatriate profits.

May 1, 2017

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