IT/ITes

  • Chair on Narayana Murthy set up at IIT-Madras IANS - 2 hours 24 minutes ago

    Chennai, April 18 (IANS) Software major Infosys co-founder and IIT-Madras alumni Kris Gopalakrishnan on Saturday set up a Chair for computational brain research at his alma-mater named after his colleague NR Narayana Murthy, IIT-Madras said. This is the second Chair set up by Gopalakrishnan. Gopalakrishnan will set up …

  • Mumbai, April 18 (IANS) The Indian equities markets were dampened during the weekly trade ended April 17, proving that mere endorsement of economic growth potential by international financial institutions is not enough and that corporate India's earnings have to catch-up with the high expectations. Even though India's …

  • Mumbai, April 17 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed Friday's trade over 220 points down, as healthcare, banks and information technology ...

  • Mumbai, April 17 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading over a 100 points down during the late-afternoon session on Friday. The wider 50-scrip ...

  • Mumbai, April 17 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading nearly 100 points down during the mid-afternoon session on Friday. It was down 97 ...

  • TCS heads towards steepest fall in six months Reuters - Fri 17 Apr, 2015 11:27 AM IST
    Employees of Tata Consultancy Services (TCS) work inside the company headquarters in Mumbai

    Shares in Tata Consultancy Services fell as much as 4.4 percent on Friday, heading towards their biggest fall since October 2014, after the company's January-March revenue fell short of expectations. TCS ...

  • TCS accused in U.S. lawsuit of South Asian bias Reuters - Thu 16 Apr, 2015 8:14 PM IST
    Logos of TCS are displayed at the venue of the annual general meeting of the software services provider in Mumbai

    Tata Consultancy Services Ltd (TCS.NS) has been sued by a white American information technology worker who accused India's largest software services exporter of overwhelming favoritism toward workers of South Asian descent in the United States. In a complaint filed on Tuesday in San Francisco federal court, Steven Heldt …

  • TCS sees FY revenue growth beating industry estima … Reuters - Thu 16 Apr, 2015 8:04 PM IST
    An employee of Tata Consultancy Services (TCS) works inside the company headquarters in Mumbai

    India's largest software services exporter Tata Consultancy Services (TCS.NS) posted a better than expected rise in net profit led by strong worldwide client spending and said it expected revenue growth in the year starting in April to top industry estimates. TCS, which has been growing revenues faster than rivals Infosys …

  • Mumbai, April 16 (IANS) A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex) closed Thursday's trade down 134 points or 0.46 percent, as capital goods, healthcare ...

  • Sensex down 249 points; healthcare stocks decline IANS - Thu 16 Apr, 2015 3:22 PM IST

    Mumbai, April 16 (IANS) A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading in the red in the late-afternoon session on Thursday. It was down 249 points ...

  • Rolta India rejects U.S. research firm's 'capex fraud' … Reuters - Thu 16 Apr, 2015 12:36 PM IST

    California-based Glaucus Research, well known for shorting stocks, issued a "strong sell" report on software firm Rolta India (ROLT.NS), saying the company does not produce free cash flow and cannot repay offshore bondholders without refinancing. Rolta's shares fell as much as 11.1 percent on Thursday in Mumbai, while …

  • Nokia-Alcatel deal may force Ericsson to expand fixed … Reuters - Thu 16 Apr, 2015 12:14 AM IST

    Sweden's Ericsson (ERICb.ST), the world's biggest maker of mobile telecoms equipment, will probably have to expand its range of fixed line products to defend its turf following Nokia's (NOK1V.HE) purchase of Alcatel-Lucent(ALUA.PA). As the Finnish and French firms combine, Ericsson will face a much stronger competitor …

  • Mumbai, April 15 (IANS) After remaining range-bound for the bulk of Wednesday's trading session, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended with a loss of 244.75 points, ...

  • Information technology group Tech Mahindra is partnering with U.S.-Israeli Comverse Inc to set up a research and development centre in Israel. Manish Vyas, president of Tech Mahindra's communications group, told Reuters the deal -- which would bring the Indian company hundreds of engineers -- will help the firm more than …

  • Sensex sheds 78 points; auto stocks down IANS - Wed 15 Apr, 2015 1:58 PM IST

    Mumbai, April 15 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading 77.67 points or 0.27 percent down in the afternoon session on Wednesday as auto ...

More IT/ITes News »
 

Oil & Gas

  • MILAN/LONDON/SINGAPORE (Reuters) - Anadarko Petroleum (APC.N) is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil (XOM.N) and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources said. Exxon is seen as the front runner, and it would be its …

  • Strong dollar hit to GE, Honeywell may bode poorly … Reuters - Sat 18 Apr, 2015 12:17 AM IST

    Indeed, the impact of currency shifts on U.S. companies will be highlighted further next week with quarterly reports from United Technologies Corp (UTX.N), which already slashed its 2015 financial forecast in January over currency worries, as well as from 3M Co (MMM.N) and Illinois Tool Works Inc (ITW.N). GE said foreign …

  • RIL warns on U.S. shale slowdown, refining lifts p … Reuters - Fri 17 Apr, 2015 7:25 PM IST

    Reliance Industries Ltd(RELI.NS) warned investors to expect slower growth from its U.S. shale assets in the near term as a slump in oil prices prompts spending cuts. Reliance, also dogged by falling production at its domestic oil and gas business, said it would focus on cutting costs in its shale operations in light of …

  • The Rolls-Royce logo and The Spirit of Ecstasy hood ornament are seen during the first press day ahead of the 85th International Motor Show in Geneva

    Rolls-Royce (RR.L) has won a $9.2 billion deal to supply engines for 50 A380 aircraft for Dubai's Emirates airline [EMIRA.UL], the largest order in its history and giving it a boost after a torrid year of profit warnings. Shares in the British company rose an initial 2 percent after Friday's announcement, which Rolls-Royce …

  • Corrected - Indian delegation to visit Iran to discuss … Reuters - Fri 17 Apr, 2015 11:44 AM IST

    An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan said. Officials from India's finance and oil ministries and executives from ONGC Videsh …

  • Indian delegation to visit Iran to discuss oil deals … Reuters - Thu 16 Apr, 2015 7:02 PM IST

    An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan said. Officials from India's finance and oil ministries and executives from ONGC Videsh …

  • Reuters poll - Asia FX sentiment improves further, … Reuters - Thu 16 Apr, 2015 4:54 PM IST

    Sentiment towards emerging Asian currencies has improved further over the past two weeks with the Singapore dollar's short positions at the lowest in nearly six months, a Reuters poll showed, supported by expectations of a delay in U.S. interest rate hikes. Bearish bets on the Singapore dollar fell to the lowest since …

  • Gold extends gains on softer dollar, sluggish U.S. … Reuters - Thu 16 Apr, 2015 6:05 AM IST

    Gold extended gains above $1,200 an ounce on Thursday, rising for a second straight session on a softer dollar and weak data on U.S. industrial production. FUNDAMENTALS * Spot gold gained 0.4 percent to ...

  • New Delhi, April 13 (IANS) In addition to the $6 billion already invested, Indian oil companies are slated to invest another $6 billion in stages by 2019 in Mozambique's Rovuma Area 1 offshore block, Petroleum Minister Dharmendra Pradhan said on Monday. "In Mozambique, where I have just concluded my official visit, we …

  • Global stocks gain on Royal Dutch Shell bid; oil s … Reuters - Thu 9 Apr, 2015 2:48 AM IST
    A general view of the Frankfurt stock exchange

    Global equity markets rose on Wednesday and European shares hit eight-year highs on a $70 billion takeover bid by Royal Dutch Shell (RDSa.L), while U.S. shares pared gains after the largest U.S. crude inventory build in 14 years slammed oil prices. U.S. Energy Information Administration data showed stockpiles of U.S. crude …

  • Royal Dutch Shell Plc's $70 billion (47 billion pounds) agreement to buy BG Group Plc (BG.L) may be just the signal that other dealmakers need to make their own energy takeover bets, particularly in the U.S. shale sector. Bankers and analysts say that Shell's move is telling potential acquirers that one of the biggest …

  • Shell-BG deal could face bumpy ride from partner r … Reuters - Thu 9 Apr, 2015 1:49 AM IST
    A Shell logo is seen on a pump at a petrol station in London

    Royal Dutch Shell Plc's (RDSa.L) agreed $70 billion takeover of rival BG Group (BG.L) could trigger pre-emption rights in key oil and gas fields that would erode the potential benefits of the deal for the Anglo-Dutch oil giant. Shell said a main driver of its bid for BG Group was the gas-focused British group’s position …

  • Shell challenges Exxon dominance with $70 bln bid for … Reuters - Wed 8 Apr, 2015 11:38 PM IST
    A passenger plane flies over a Shell logo at a petrol station in west London

    Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil after a plunge in prices. This is a hefty premium of around 52 percent to the 90-day trading average for BG, setting …

  • Essar Oil becomes India's largest CBM gas producer IANS - Mon 6 Apr, 2015 3:30 PM IST

    Kolkata, April 6 (IANS) Indian oil and gas producer Essar Oil on Monday said it has become India's largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently. "We have been able to register a multifold increase in CBM …

  • U.S. job growth brakes sharply, clouds Fed rate hike … Reuters - Fri 3 Apr, 2015 10:17 PM IST
    People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York

    U.S. employers added the fewest number of jobs in more than a year in March, the latest sign of weakness in the economy and one likely to further delay an anticipated interest rate increase by the Federal Reserve. The weakness was concentrated in the goods-producing sector, which has been hurt by a strong dollar and lower …

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 »