IT/ITes

  • Infosys to invest Rs 1,918 crore to develop 3 new campuses in Bengaluru

    The Karnataka government on Saturday approved a proposal from IT major Infosys to set up three more campuses in Bengaluru at an investment of Rs 1,918 crore. The State High Level Clearance Committee (SHLCC), headed by the chief minister Siddaramaiah approved several other investment proposals for a combined investment …

  • Bengaluru, Aug 29 (IANS) Global software major Infosys Ltd will set up three more campuses here at an investment of Rs.1,918 crore ($290 million) and create an additional 27,000 jobs, a state government official said on Saturday. "The state high level clearance committee on industry has cleared the three IT projects of …

  • Mumbai, Aug 28 (IANS) Healthy growth in Chinese exchanges and the US economy, coupled with attractive valuations, buoyed investor sentiment in Indian equity markets on Friday. Bullish sentiments propelled the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) to gain the 161 points or 0.61 percent. …

  • Mumbai, Aug 28 (IANS) Healthy growth in Chinese exchanges and the US economy, coupled with attractive valuations, buoyed investor sentiment in the Indian equity markets and propelled a barometer index to gain 133 points during the late-afternoon trade session on Friday. The positive sentiments propelled the barometer 30-scrip …

  • RCom partners Jasper to roll out IoT in India The Financial Express - Fri 28 Aug, 2015 6:47 AM IST

    Anil Ambani-controlled Reliance Communications (RCom) on Thursday said it is entering into a partnership with global Internet of Things (IoT) platform leader Jasper to enable enterprises throughout India to launch, manage and monetise next-generation IoT businesses. RCom is Jasper’s sole telecom partner in India, the company …

  • Kolkata, Aug 27 (IANS) Tech firm Cisco on Thursday said Indian consumers have been adopting technology at a blazing rate but don't feel their primary banks provide the relevant, convenient services they value the most. The company said its findings came from a global study of more than 7,000 consumers in 12 countries which …

  • New Delhi, Aug 27 (IANS) NASSCOM's IT-ITeS Sector Skills Council, in association with TalentSprint, has launched a nationwide programme for talent acquisition professionals in the information technology-business process management (IT-BPM) industry, a statement said here on Thursday. The Talent Acquisition Professionals …

  • Haryana to get Rs.10,000 crore investment: Khattar IANS - Thu 27 Aug, 2015 6:14 PM IST

    Chandigarh, Aug 27 (IANS) Haryana Chief Minister Manohar Lal Khattar on Thursday said that his recently-ended nine-day trip to US and Canada to attract investment ensured that the state will get Rs.10,000 crore inflow and employment opportunities would be created for about 40,000 people. Claiming that the visit of the …

  • New Delhi, Aug 27 (IANS) Reliance Communications (RCom), part of the Anil Ambani-led group, has partnered with global Internet of Things (IoT) platform leader Jasper to enable enterprises throughout India to launch, manage and monetise next-generation IoT businesses, the company said in a filing in the Bombay Stock Exchange …

  • New Delhi, Aug 27 (IANS) IT service provider HCL Technologies (HCL) has appointed Jaco Van Eeden as executive vice president to lead its beyond digital business unit, a company statement said here on Thursday. ...

  • 5 companies that benefit from rupee fall Simplus Information Services - Thu 27 Aug, 2015 9:31 AM IST

    The fall in the value of the Indian rupee against the US dollar helps companies that export most of their produce or services. Earnings per share or EPS is calculated by dividing the net profit by the number of outstanding equity shares of the company. At Rs 66.50 to one US dollar, Infosys earnings per share is expected …

  • Govt’s innovation incentives not tailored for MNCs The Financial Express - Thu 27 Aug, 2015 3:50 AM IST

    Intel India president Kumud Srinivasan, who is steering the company’s innovation and R&D efforts, feels the government could further incentivise research to make the country an R&D powerhouse. In an interview with Darlington Jose Hector & Vidya Ram, she dwells on the importance of developing a culture of innovation in …

  • Sikka picks up Infosys shares from his stock optio … IANS - Wed 26 Aug, 2015 10:00 PM IST

    Bengaluru, Aug 26 (IANS) Infosys chief executive Vishal Sikka bought 10 percent of the blue chip shares granted to him as restricted stock option units, the global software major said on Wednesday. In a regulatory filing to the Bombay Stock Exchange (BSE), the company said the 10 percent or 2,279 shares Sikka bought were …

  • The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 26,063.27 points, closed at 25,714.66 points -- down 317.72 points or 1.22 percent from its previous close at 26,032.38 points. The Sensex touched a high of 26,156.61 points and a low of 25,657.56 points during intra-day …

  • Chandigarh, Aug 25 (IANS) Haryana Chief Minister Manohar Lal Khattar on Tuesday said that investors in US and Canada were keen to invest in the state and be part of its progress under the new policies promoted by his government. On his return from the nine-day long trip to both countries with a 32-member delegation, he …

More IT/ITes News »
 

Oil & Gas

  • A car is filled with gasoline at a gas station pump in Carlsbad

    World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Tropical Storm Erika moved closer to Florida, prompting worries about oil and gas installations …

  • India's oil imports to be 90 percent by 2020: Repo … IANS - Fri 28 Aug, 2015 10:22 PM IST

    Bengaluru, Aug 28 (IANS) India's import dependence on oil is likely to touch 90 percent by 2020 due to widening supply-demand gap on growing appetite for the fossil fuel, a joint study said on Friday. If the trend of importing more oil continues, India's dependence is likely to reach 90 percent by 2020 from 79 percent …

  • China stocks extend rebound but banks lose steam; Hong … Reuters - Fri 28 Aug, 2015 10:47 AM IST

    China stocks rose on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. China also announced that local pensions funds will start investing 2 trillion yuan ($313.05 billion) as soon as possible in stocks and other assets.

  • Schlumberger to buy oilfield gear maker Cameron in … Reuters - Wed 26 Aug, 2015 10:23 PM IST

    Schlumberger will be able to bundle its services, which range from surveying a site to drilling wells, with Cameron's products such as pressure valves and blowout preventers, one of which was used in BP's Macondo well that exploded in 2010. Schlumberger said the combined company would have had pro-forma revenue of $59 …

  • Wall St posts worst day in four years, S&P 500 now … Reuters - Tue 25 Aug, 2015 4:27 AM IST
    A trader works on the floor of the New York Stock Exchange

    U.S. stock indexes plunged almost 4 percent on Monday as investors, rattled about China's economy, sold heavily in an unusually volatile session that confirmed the benchmark S&P 500 was formally in a correction. ...

  • Digital empowerment is imperative for India The Financial Express - Mon 24 Aug, 2015 3:47 AM IST

    German enterprise software maker SAP is betting big on the government sector in India. Whether it is building the infrastructure, providing digital governance or ensuring that the digital divide is bridged—SAP India managing director Deb Deep Sengupta is confident that there is significant scope for future growth. “Government …

  • Brazil regulator tells Shell, partners to develop two … Reuters - Tue 18 Aug, 2015 3:58 AM IST

    Brazil's National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output. Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. …

  • Mumbai, Aug 17 (IANS) Anil Agarwal-led natural resources firm Vedanta Ltd. on Monday said it would issue non-convertible debentures (NCDs) worth Rs.2,000 crore towards refinancing debt. "Vedanta Ltd. is, subject to favourable market conditions, in the process of issuing secured, rated, non-cumulative, redeemable NCDs …

  • Carlyle buys minority stake in DEE Piping Systems Reuters - Mon 17 Aug, 2015 5:29 PM IST

    Carlyle Group (CG.O) has acquired a minority stake in DEE Piping Systems, in the latest investment in Asia's third largest economy by the U.S. private equity firm. Carlyle bought some of the stake from secondary investors, according to a statement by the U.S. company on Monday. DEE makes high-pressure piping systems for …

  • ONGC to spend $6-7 bn on KG block: Sarraf The Financial Express - Fri 14 Aug, 2015 5:15 AM IST
    ONGC to spend $6-7 bn on KG block: Sarraf

    State-run ONGC, the country’s largest oil and gas producer, will spend about $6-7 billion to take out hydrocarbons from the KG-DWN-98/2 block off the east coast over the next three years, a move that could help the investment cycle to pick-up. Gas production from the offshore deep-water block is likely to commence in 2018 …

  • A technician opens a pressure gas valve inside ONGC group gathering station on the outskirts of Ahmedabad

    India's top energy explorer Oil and Natural Gas Corp (ONGC.NS) could spend up to $7 billion to develop its block off the country's east coast and expects to begin gas production there in 2018, its chairman said on Thursday. ONGC's block in the Krishna-Godavari basin should produce 77,000 barrels per day of oil and up to …

  • How They Clicked India Today Group - Thu 13 Aug, 2015 2:08 PM IST

    Top fund managers share their investment strategies and outlook.

  • Cabinet nod for India-Nepal petroleum products pip … IANS - Wed 12 Aug, 2015 10:14 PM IST

    New Delhi, Aug 12 (IANS) The union cabinet on Wednesday approved signing of a memorandum of understanding (MoU) between India and Nepal for constructing a petroleum products pipeline from Raxaul in India to Amlekhgunj in Nepal, as well as the re-engineering of Amlekhgunj depot. "The MoU will promote bilateral cooperation …

  • Oil prices fall again after brief rally IANS - Tue 11 Aug, 2015 4:50 PM IST

    New Delhi, Aug 11 (IANS) A day after crude oil prices saw their biggest rally in two months after data showed that China imported more crude in July, they retreated again on Tuesday as China devalued the yuan to boost its economy. The Indian basket, made up of 73 percent "sour" grade crude from Oman and Dubai and the balance …

  • Premium price for ‘tough’ gas soon: Dharmendra Pra … The Financial Express - Tue 11 Aug, 2015 5:02 AM IST
    Premium price for ‘tough’ gas soon: Dharmendra Pradhan

    The premium price for natural gas produced from geologically difficult areas would be announced soon, petroleum minister Dharmendra Pradhan said on Monday, reports fe Bureau in New Delhi. Although the minister, who discussed the issue with the finance minister Arun Jaitley recently, refused to divulge the premium, sources …

More Oil & Gas News »
 

Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

More Banking & Finance News »