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TCS, Mitsubishi sign agreement; to merge IT units

India's largest software services firm Tata Consultancy Services (TCS) has signed an agreement with Japanese…

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Reliance's Retail Chain Now Largest in India: Mukesh Ambani

Reliance Industries Limited on Friday said its retail chain has become the largest in the country and reported a cash profit in 2013-14.Revenue at Reliance Retail rose 34 per cent to Rs 14,496 crore in…

18 Apr 2014

China's home price growth decelerates

Home prices in major Chinese cities grew at a slower pace in March, with fewer cities reporting month-on-month price gains, authorities said Friday.The National Bureau of Statistics (NBS) said out of a statistical pool of…

18 Apr 2014

Air India to Sell Three Boeing 777s to Mop up Resources

Air India today declared its intent to sell three of its Boeing 777s for mopping up resources to stem its liabilities, barely four months after selling five of these planes to Gulf carrier Etihad Airways.The…

17 Apr 2014

Telecom Firms see Opening of Pandora's box with SC Order

The Supreme Court order on Thursday that the national auditor CAG can audit telecom operators could open a Pandora's box and lead to similar demand in other industries, unhappy service providers said."Yes, whatever judgment Supreme…

17 Apr 2014

Oil Imports from Iran Cut by Nearly Fifth in 2013/14

Iranian crude imports have fallen approximately a fifth in the fiscal year that ended in March, in spite of a growth in shipment in recent months that followed a deal that eased sanctions on Tehran.In…

17 Apr 2014

HCL Tech Q3 net profit rises 59%, beats estimates

HCL Technologies, the IT Services firm has declared a 59 per cent increase in the net profit in the third quarter (Q3) at Rs. 1,624 Crore that ended on 31st March 2014. According to an…

17 Apr 2014

Mobile to Become Main Shopping Channel in 2 Years: Flipkart

Flipkart expects orders made from mobile handsets of customers to account for a significant part of sales in 18-24 months as the online marketplace major bets big on growth in India with the spread of…

16 Apr 2014

TCS Net Up 38 Percent for Fiscal 2013-14

Indian IT bellwether Tata Consulting Services (TCS) posted a net profit of Rs.19,117 crore for fiscal 2013-14, registering a 38 percent year-on-year (YoY) growth as per Indian accounting standards.In a regulatory filing to stock exchanges…

16 Apr 2014

DGCA Issues Notice To GMR Aviation Over Falsified BA Tests

The directorate general of civil aviation (DGCA) yesterday issued a show cause notice to GMR, the charter operator that regularly flies members of the esteemed Gandhi family, asking why action should not be taken against…

16 Apr 2014

Spanish regions have highest unemployment rates in EU

The Spanish regions of Andalusia, Ceuta, Melilla, the Canary Islands and Extremadura had the highest unemployment rates of the entire European Union (EU) in 2013, the EU's official statistics agency Eurostat said on Tuesday.Not only…

16 Apr 2014

SpiceJet, IndiGo Add Fuel Surcharge to Base Fare

No frills airlines SpiceJet and IndiGo today merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.Before this, an air ticket of domestic airlines used to have different components, separately…

15 Apr 2014

Global trade to rise by 4.7 percent in 2014: WTO

Global trade is expected to increase by 4.7 percent in 2014, better than the average of 2.2 percent in the past two years, on the back of projected improvements in the developed economies, the World…

15 Apr 2014

Sensex slumps 183 points on disappointing inflation data

India's stock markets benchmark index Sensex fell 183 points on Tuesday on profit taking in blue chips on disappointing inflation data.The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE), which opened higher…

15 Apr 2014

Inflation rises to 5.7 percent on high food, fuel prices

India's wholesale price based inflation rose to three months' high of 5.7 percent in March from 4.68 percent in the previous month following sharper increase in food and fuel prices, government data showed on Tuesday.The…

15 Apr 2014

Infosys Q4 net profit up 24.9 per cent to Rs 2,992 crore

India's second largest software services exporter, Infosys, has reported better margins than expected for the fourth quarter (January-March) net profit at Rs. 2,992 Crores which is up by 4 per cent compared to the previous…

15 Apr 2014

Reliance Industries Silvassa polyester plant starts production

Mukesh Ambani-led Reliance Industries Ltd (RIL) has commissioned its new polyester filament yarn (PFY) unit at Silvassa, capital of the union territory of Dadra and Nagar Haveli, the company said Tuesday."The entire production from this…

15 Apr 2014

No Intention of Selling Handset Business: BlackBerry CEO

BlackBerry has no plans to sell its devices business even as the Canadian smartphone maker faces losses and inventory pile up."I want to assure you that I have no intention of selling off or abandoning…

14 Apr 2014

Hyundai Receives 11,000 Bookings of Entry-Level Sedan Xcent

Automobile major Hyundai Motor India on Monday has reported that it has received bookings for 11,000 units of its entry-level compact sedan 'Xcent’ within just 30 days of its launch in March 2014."We are committed…

14 Apr 2014

G-20 Pushes US to Ratify IMF Reforms by Year End

Expressing disappointment at the continued delay over International Monetary Fund's quota and governance reforms that would give emerging economies, including India, a greater voice, the G-20 has given the US a year end deadline to…

14 Apr 2014

Global military spending drops, led by US: SIPRI

World military expenditure fell in 2013 as the United States and other Western countries cut back, but spending in emerging economies grew, a Swedish think tank said today.The 1.9 per cent global decline followed a…

14 Apr 2014