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HindustanTimes Fri,25 Apr 2014

Business

iPhone sales up 55% in India, crows Apple

iPhone maker Apple, which announced unexpectedly high quarterly profits on Wednesday, said iPhone sales in India had risen by 55% for the January-March quarter from a year ago.

State-owned banks set to get fresh capital

There are strong indications that public sector banks, creaking under the load of bad loans that yield no interest or suffer defaults, are set for a fresh dose of capital injection to cushion the impact and sustain lending for growth.

If you don’t get a decent raise, expect a detailed feedback

Companies including Virtusa Corp, Dalmia Bharat Group, Lupin and Convergys and those in the Tata and HCL groups have offered feedback slips or verbal feedback from bosses to employees — to make them know where they lacked.

Facebook Q1 revenue grows 72% on rising mobile ads

Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets.

Bharti Infratel Q4 net profit jumps 64%

Bharti Infratel on Thursday reported a 64% jump in its net profit at Rs. 472 crore for the quarter ended March 31, 2014. The company had reported a net profit of Rs. 287 crore in the corresponding period last year.

Markets closed on Thursday for elections

Indian debt, currency and equity markets will be closed on Thursday as Mumbai takes part in the five-week long Parliament election process set to conclude in mid-May.

Ambani's daughter Isha set for big RIL role?

Isha Ambani, the 22-year-old daughter of Reliance Industries chairman Mukesh Ambani, who has been working as a consultant at McKinsey & Co. in the US since May last year, is likely to play a larger role in the group's consumer-facing businesses.

Google offers refund for fake anti-virus app

Search engine giant Google recently had its oops! moment after the company discovered that an anti-virus app “Virus Shield” available for $3.99 on its Play Store actually offered no security protection to users who had downloaded it.

High fees at IIM, ISB hit student loans

Manoj Gupta, 30, a finance manager at a leading multinational bank took up his first job four years ago after completing his post graduation from Indian Institute of Management, (IIM) Indore.

After fighting him in court, Raheja leaves Rs. 11,000-crore fortune to son

Real estate magnate Gopal Raheja, who passed away in March, has reportedly left his entire estate to his son Sandeep, with whom the senior Raheja was fighting a court case at the time of his death, accusing the son of trying to grab his Rs. 11,000-crore business.

Kiran Shaw apologises after praising Rohan Murty in tweet

Biocon chairperson Kiran Mazumdar Shaw on Wednesday apologised after her tweet on Rohan Murty, son of Infosys chairman Narayana Murthy, kicked up a controversy.

Coming: 2-step verification for web payments

Expressing concern over the rise in cyber crimes, the Reserve Bank of India (RBI) has asked banks to introduce a two-way authentication process to ensure customer safety.

Aviation regulator allows in-flight use of mobiles, laptops on flight mode

'Please put your mobile phones on the flight mode'. Now on, you may hear an airhostess announcing this before your flight takes off instead of asking you to switch it off.

Markets hit all-time high levels, profit-booking likely now

Continuing its record breaking performance, the Sensex on day spurted by over 118 points to end the day at all-time closing high of 22,876.54 on select buying in blue-chip stocks like L&T, HDFC Bank and BHEL amid persistent capital inflows.

GM seeks US court protection against ignition lawsuits

General Motors Co filed a motion in a US court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
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