IT/ITes

  • New Delhi, Aug 3 (IANS) HCL Technologies, India's fourth largest IT services company in the country and reporting 14 percent growth year-on-year, aims to ride the digitisation wave to maintain sustainable growth in the coming period as well as its "co-innovation" labs. Currently, HCL has six co-innovation labs (the India …

  • Mumbai, Aug 3 (IANS) Anticipation of a rate cut by the Reserve Bank of India (RBI) and capital infusion in banks led a barometer index of the Indian equity markets to gain 72 points on Monday. The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,089.09 points, closed at 28,187.06 …

  • A recent survey found that 42.5% population suffers from depression, 23% from obesity, 9% from high blood pressure and 8% from diabetes. How to be safe

  • New Delhi, Aug 3 (IANS) Software major HCL Technologies on Monday reported Rs.7,254 crore net profit for fiscal 2014-15, registering 14 percent growth year-on-year (YoY), as per the Indian accounting standard. ...

  • New Delhi, Aug 3 (IANS) Software major HCL Technologies on Monday reported Rs.7,254 crore net profit for fiscal 2015-16, registering a 14 percent growth year-on-year (YoY), as per the Indian accounting ...

  • Who cannot file ITR-4S? ClearTax - 15 hours ago

    The ITR-4S Form also called Sugam is the Income Tax Return form for taxpayers who run small businesses. It is applicable where the total turnover or gross receipts for the year are less than Rs 1 Crore and where the income has been calculated under the presumptive method as per Section 44AD and Section 44AE. … Continue …

  • Telangana moots Data Analytics Park in Hyderabad IANS - Sat 1 Aug, 2015 9:38 PM IST

    Hyderabad, Aug 1 (IANS) The Telangana government on Saturday proposed to set up here a Data Analytics Park, which will be the first of its kind facility in the country. State Information Technology Minister K. Tarakarama Rao floated the proposal while inaugurating the office of Techwave Consulting Inc, a US headquartered …

  • Insight - Apple, BMW in courtship with an eye on car … Reuters - Sat 1 Aug, 2015 12:18 AM IST

    FRANKFURT/SAN FRANCISCO (Reuters) - BMW (BMWG.DE) and Apple (AAPL.O) may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last …

  • Reliance arm offers access to Amazon web services IANS - Fri 31 Jul, 2015 11:28 PM IST

    Mumbai, July 31 (IANS) Reliance Communications' arm Global Cloud Xchange (GCX) on Friday announced a direct access to Amazon web services via its cloud platform. "Using our Cloud X Fusion, businesses ...

  • Around 2.26 lakh patents pending: Sitharaman IANS - Fri 31 Jul, 2015 7:32 PM IST

    New Delhi, July 31 (IANS) The government on Friday reported that 226,339 patents are pending with it and are being processed at various stages. According to data furnished by the minister of state (MoS) for commerce and industry Nirmala Sitharaman, Delhi topped the list with 83,291 patent applications, with Mumbai being …

  • Banking sector buoys markets; Sensex up 409 points IANS - Fri 31 Jul, 2015 7:14 PM IST

    Mumbai, July 31 (IANS) Capital infusion in banks, clarity on retrospective tax on capital gains and expectations of a rate cut by the apex bank cheered investor sentiments and boosted Indian equity markets ...

  • L&T criticises "unhurried" reform pace as profit s … Reuters - Fri 31 Jul, 2015 6:35 PM IST
    An instructor teaches at a masonry workshop at the Larsen & Toubro construction skills training institute in Panvel

    NEW DELHI/MUMBAI (Reuters) - Industrial giant Larsen & Toubro Ltd (LART.NS) criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit. Larsen, which makes everything from metro train lines to gas pipelines to parts …

  • Banking sector boost markets, Sensex up 427 points IANS - Fri 31 Jul, 2015 3:26 PM IST

    Mumbai, July 31 (IANS) Capital infusion in banks, clarity on retrospective tax on capital gains and expectations of a rate cut by the apex bank cheered investor sentiments and boosted the Indian equity markets on Friday. The positive cues propelled the barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock …

  • Mobikwik introduces cash pickup facility IANS - Thu 30 Jul, 2015 8:40 PM IST

    New Delhi, July 30 (IANS) Mobile wallet company MobiKwik on Thursday launched its "Cash Pickup" service, a facility that allows cash to be directly added to MobiKwik wallet. The service, which will soon be launched across all major cities in India, is currently available in Delhi-NCR area. "Mobile technology is redefining …

  • Mumbai, July 30 (IANS) Clarity regarding P-Notes, the government's push for reforms and the expiry of July derivative contracts, coupled with the US Fed's decision to keep interest rates intact, buoyed ...

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Oil & Gas

  • Airbus H1 profit rises, takes new A400M charge Reuters - Fri 31 Jul, 2015 4:25 PM IST

    Airbus Group (AIR.PA) surprised investors with a strong second-quarter rise in earnings, pushing its shares up as much as five percent as lucrative jetliner deliveries outshone more bad news for the A400M military transporter. Airbus Group maintained its financial forecasts for the year as first-half revenue and core profits …

  • Oil companies slash spending, jobs as prices slide … Reuters - Fri 31 Jul, 2015 12:06 AM IST

    The stark reality of a much-feared second dip in crude prices is prompting global oil majors and nimble U.S. shale companies alike to axe spending once again a year after the first price crash started. Just days into the second-quarter earnings season, Chevron Corp (CVX.N) and Royal Dutch Shell Plc (RDSa.L) said they would …

  • Kolkata, July 30 (IANS) India needs to consider Africa as a whole and not simply focus on individual countries as places for investment, the Ghanian envoy to India said here on Thursday. "India needs to look for strategic investment in Africa and consider the entire continent as a single market," Ghanian High Commissioner …

  • Shell to axe 6,500 jobs, cut spending to cope with … Reuters - Thu 30 Jul, 2015 1:43 PM IST
    A pedestrian stands near a sign displaying the cost of gasoline at a filling station in San Francisco

    Royal Dutch Shell (RDSa.L) is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits. The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with …

  • Siemens exceeds expectations despite China weaknes … Reuters - Thu 30 Jul, 2015 1:20 PM IST

    German trains-to-turbines group Siemens (SIEGn.DE) beat expectations for its third-quarter results and stuck to its full-year outlook on Thursday despite weakness in China. The Munich-based group reported solid results in six of its eight divisions, with industrial software and healthcare in particular lifting profits …

  • Vedanta looks to restart Goa mines by October Reuters - Wed 29 Jul, 2015 7:18 PM IST
    A bird flies by the Vedanta office building in Mumbai

    Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India (CAIL.NS). Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as early as next …

  • Indian basket crude oil falls further IANS - Wed 29 Jul, 2015 4:16 PM IST

    New Delhi, July 29 (IANS) With global oil prices again heading south towards $50 per barrel in a repeat of the early 2015 plunge from over $100, the Indian basket of crude oil traded on Tuesday at $52.93 for a barrel of nearly 160 litres. Brent crude for September delivery decreased 17 cents to close at $53.3 a barrel …

  • BP profits slump after huge oil spill charge Wed 29 Jul, 2015 12:15 AM IST
    Men leave BP's North Sea Headquarters in Aberdeen

    BP's (BP.L) second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico. BP's Chief Financial Officer Brian Gilvary said he expected oil prices (LCOc1), which fell on Tuesday to their …

  • Oil hits four-month low on China stock market dive, … Reuters - Tue 28 Jul, 2015 2:18 AM IST
    A pump jack is seen at sunrise near Bakersfield

    Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted.

  • Nigeria's president plans to split state oil company … Reuters - Sun 26 Jul, 2015 10:36 AM IST

    Nigerian President Muhammadu Buhari plans to split the state-owned Nigerian National Petroleum Corporation (NNPC) into two entities, his spokesman said on Saturday. Buhari, elected in March on promises to combat corruption, has made clear he wants to overhaul the oil sector in Africa's biggest economy, which provides the …

  • New CEO at Reliance Group's oil, gas unit IANS - Sat 25 Jul, 2015 7:16 PM IST

    New Delhi, July 25 (IANS) The Anil Ambani-led Reliance Group said on Saturday that former chief executive of Petronet LNG Ashok Kumar Balyan has joined the company here as chief executive of its oil and gas business. "Among other areas, Balyan shall be leading the group's efforts towards setting up of a liquefied natural …

  • Oil prices climb, but stay in bear market territor … Reuters - Fri 24 Jul, 2015 7:02 AM IST

    Oil prices rebounded in early Asian trade on Friday after settling at their lowest in months in the previous session as worries over the demand outlook and continued oversupply weighed on the market. U.S. ...

  • Iran eyes $185 billion oil and gas projects after  … Reuters - Thu 23 Jul, 2015 4:49 PM IST
    An Iranian flag flutters in front of the United Nations headquarters, during an IAEA board of governors meeting, in Vienna

    Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. Iran's Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would focus on …

  • Mumbai, July 21 (IANS) Oil major Cairn India on Tuesday reported a 24 percent drop in its net profit for the first quarter ended June caused by the drop in international crude oil prices. The company's net profit during April-June at Rs.835 crore was lower than the Rs.1,093 crore posted in the same period a year ago, the …

  • Insight - Global miners face succession crisis as old … Reuters - Mon 20 Jul, 2015 2:49 PM IST

    TORONTO/VANCOUVER (Reuters) - As if slumping commodity prices and unhappy shareholders were not enough, global mining companies are also facing a looming succession crisis. Several mining CEOs have reached or are nearing retirement age and industry executives, recruiters and analysts worry that there is not enough people …

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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 ...

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