Advertisement

HindustanTimes Sun,20 Apr 2014

Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Nokia
Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.

RIL sees flat Q4 net, but full-year profit hits record

Reliance
Reliance Industries Ltd on Friday reported a marginal rise of 0.8% in its net profit in the fourth quarter, even though the company’s quarterly profits were the highest in more than two years.

Google a top pick for Wall Street despite weak Q1

Eric Schmidt
Google Inc’s disappointing first-quarter results left Wall Street unfazed about the Internet giant’s ability to come to grips with the shift to the fast-growing mobile advertising market.

Touched for being awarded GBE by UK: Ratan Tata

3 Ratan Tata: Rs. 69,132 crore (as on October 31, 2008)
Ratan Tata, chairman emeritus of Tata Group, on Wednesday said he was 'deeply touched' for being one of five foreign nationals to be honoured by Queen Elizabeth with the GBE (Knight Grand Cross) in 2014.

Wipro Q4 net up 41%, beats expectations

Wipro

India’s third-largest software services exporter, Wipro, on Thursday beat expectations with a 41% year-on-year growth in consolidated net profit to Rs. 2,230 crore for the quarter ended March 31. 2014 aided by IT spending by customers.

RBI raises $3.3 billion in biggest-ever bond auction

Wipro
The Reserve Bank of India on Thursday fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.

CAG can audit accounts of telecom firms: SC

Telecom tower
The Supreme Court on Thursday held that the Comptroller and Auditor General of India (CAG) can audit the account books of private telecom companies which share revenue with the government for using spectrum.

'India's ratings to depend on new govt policies'

Gold Coins
Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.

Sony sells more than seven million PlayStation 4 worldwide

PlayStation 4
Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can't make them fast enough, in a welcome change of fortune for the Japanese consumer electronics giant.

Glenmark pulls 2,900 bottles of ulcer drug in US

India's Glenmark Pharmaceuticals Ltd is recalling some  2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.

Rajat Gupta to surrender on June 17 in insider trading case

Rajat Gupta
Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.

'Chief Yahoo' David Filo returns to board

Yahoo

Yahoo announced the nomination Wednesday of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

HCL Tech Q3 net profit up 59% at Rs. 1,624 crore

HCL
IT services firm HCL Technologies on Thursday posted 59% increase in net profit at Rs. 1,624 crore for the quarter ended March 31, 2014.

A star abroad, RBI boss, Raghuram Rajan, riles bond traders at home

Raghuram Rajan
Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

Piramal to buy 20% stake in Shriram Capital for $334 million

Piramal Healthcare
Piramal Enterprises Ltd said it agreed to buy a 20% stake in unlisted Shriram Capital Ltd for Rs. 20.14 billion ($334 million), increasing its foothold in the financial services sector.

Rupee snaps three-day fall; share gains help

rupee symbol
The rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank.
more »

 

Advertisement

cities

Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved