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Facebook 1Q Results Soar; CFO to Step Down

Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's…

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Reliance Insurance launches online life cover plan

Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, Monday launched an online life cover plan called “Reliance Online Term”.“This is one of the most competitive online life insurance plans currently available in…

21 Apr 2014

Sensex gains 136 points; capital goods, metal stocks rise

A benchmark index of the Indian stock markets on Monday gained 135.99 points or 0.60 percent, as capital goods, metal and bank stocks rose sharply.Markets were bullish ahead of the result season and the ongoing…

21 Apr 2014

Indians top foreign investors list in Dubai

Indians have topped the list of foreign investors in real estate in Dubai, pumping in $1.6 billion during the first quarter of 2014, according to a government agency.According to Dubai Land Department (DLD), 111 nationalities…

21 Apr 2014

TCS, Mitsubishi sign agreement; to merge IT units

India's largest software services firm Tata Consultancy Services (TCS) has signed an agreement with Japanese major Mitsubishi Corporation to form a single IT services unit, the company said today.The merger, in which TCS will hold…

21 Apr 2014

'Sebi norms on related party deals would pose difficulties'

Capital market watchdog Sebi's new norms on related party transactions could pose practical difficulties for listed companies, according to consultancy KPMG. The norms are part of a stringent corporate governance framework for listed companies that…

20 Apr 2014

Pay outstanding salaries to pilots: HC to Kingfisher

The Delhi High Court has directed the grounded Kingfisher Airlines to pay the outstanding salaries of three of its ex-pilots who had moved the court over non-payment of salaries.Justice Rajiv Sahai Endlaw disposed off the…

19 Apr 2014

Doha Bank Agrees to Buy HSBC Bank Oman's Indian Biz

HSBC Bank Oman has signed an agreement to sell its banking business in India to Doha Bank. According to statement, all the staff of HSBC's business will also be transferred to the Qatar-based bank.HSBC Bank…

19 Apr 2014

Modi Open to Pan-India Retail Tax, Pushes For Jobs, Infrastructure

A pan-India goods and services tax with the support of state governments, a push for infrastructure and privatisation of state units without politics are among the assurances of BJP's prime ministerial candidate Narendra Modi if…

18 Apr 2014

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