A powerful US trade body on Thursday urged President Barack Obama to ensure current efforts at immigration reforms do not end up discriminating against Indian firms. Yashwant Raj reports.
Indian-born CEOs in the West have come a long way from the 1980s, when they were seen as geeks and nerds barely capable of making it to the top job. HT
Petroleum Minister Veerappa Moily on Friday refuted allegations levelled by CPI MP Gurudas Dasgupta that the proposed revision in gas pricing was being done to benefit private sector players such as Mukesh Ambani-led Reliance Industries. HT reports.
The proliferation of information technology across sectors is generating demand for a new kind of specialist: the cyber security expert. Manoj Gairola reports.
Shareholders in India's Jet Airways approved an agreed sale of a 24% stake in the airline to Abu Dhabi's Etihad Airways, a senior executive at the Indian carrier said today.
Extending losses for the second day in a row, shares of Wockhardt today plummeted by over 19%, after the company said import alert issued by US health regulator on its manufacturing facility near Aurangabad could impact the company's business by $100 million.
Tata Steel Ltd shares rose more than 5% on Friday after its January-March quarterly operating profit beat analyst estimates.
Vedanta Resources will use the $1.7 billion (Rs 9,500 crore) it has raised through bonds to partly repay the debt taken for its Cairn India acquisition.
India’s biggest commercial bank, State Bank of India (SBI), on Thursday posted a 18.54% year-on-year decline in its net profit to Rs. 3,299 crore during the quarter ended March 31, from Rs. 4,050 crore recorded during the corresponding quarter of the previous fiscal.
Phaneesh Murthy, the disgraced former chief executive of iGate Corp, may lose as much as USD 15.09 million (about Rs. 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct.
Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17% for the year to end-March 2015, but said there were “encouraging” signs of a revival in its electronics business.
Despite an increase in total income, engineering and construction major Larsen & Toubro (L&T) reported a 6.9% year-on-year decline in standalone net profit for the March quarter at Rs. 1,788 crore, mainly due to a sharp increase in interest costs which skyrocketed to 132%.
A consumer forum in Delhi imposed a fine of Rs. 5.5 lakh on banking major Hongkong and Shanghai Banking Corporation (HSBC) Ltd for unfair trade practice of keeping its customer's already settled loan account outstanding and charging interest from him.
Infrastructure conglomerate Larsen & Toubro today reported 6.90% decline in standalone net profit at Rs. 1,787.94 crore for the fourth quarter ended March, 2013, due to a sharp rise in interest outgo.
Describing Indian market as an attractive and big for solar power, equipment maker First Solar has said it is looking for partnerships to strengthen business activities in the country.