Vishal Sikka Does It Again, Infosys Q4 net grows 16.2 percent up to Rs 3,597 crore

Vishal Sikka Does It Again, Infosys Q4 net grows 16.2 percent up to Rs 3,597 crore

Friday, April 15th, 2016 | Posted in Business News | by

Country’s second-largest software services major Infosys today reported a 16.2 percent growth in consolidated net profit at Rs 3,597 crore for the quarter ended March 31, 2016. It had posted a net profit of Rs 3,097 crore in January-March of 2014-15, Infosys said in a BSE filing. Revenue of the Bengaluru-based firm grew 23.4 percent […]

Facebook CEO Mark Zuckerberg announces $100 Million project to send tiny space probes to investigate alien life!

Facebook CEO Mark Zuckerberg announces $100 Million project to send tiny space probes to investigate alien life!

Thursday, April 14th, 2016 | Posted in Business | by

Facebook CEO Mark Zuckerberg has grand plans for his $ 190 billion company, and they are quite literally stellar! The social media giant is all set to probe the stars, with Zuckerberg announcing a $100 million project, in partnership with Russian billionaire Yuri Milner and renowned physicist Stephen Hawking. Zuckerberg announced on Tuesday that the […]

Loan default case: Enforcement Directorate seeks revocation of Vijay Mallya's passport

Loan default case: Enforcement Directorate seeks revocation of Vijay Mallya’s passport

Wednesday, April 13th, 2016 | Posted in Business | by

ED (Enforcement Directorate) today sought revocation of Vijay Mallya’s passport in connection with money laundering probe in the IDBI loan fraud case. Earlier, Beleaguered businessman Vijay Mallya sought time till May to depose before ED investigators in connection with money laundering probe in over Rs 900 crore IDBI loan fraud case. Mallya who is in […]

Monsoon, inflation, industry , Economy set for boost; forecast of good monsoon to revive rural demand.

Monsoon, inflation, industry , Economy set for boost; forecast of good monsoon to revive rural demand.

Wednesday, April 13th, 2016 | Posted in Business Featured News | by

Official data forecasts above normal rains during the upcoming monsoon season, retail inflation has fallen to a six-month low, and factory output is up after three straight months of decline thereby raising hopes for the Indian economy. First came the forecast by the Indian Meteorological Department that after two straight years of drought, India is […]

Vijay Mallya skips Enforcement Directorate hearing again, seeks time till May

Vijay Mallya skips Enforcement Directorate hearing again, seeks time till May

Saturday, April 9th, 2016 | Posted in Business | by

Beleaguered businessman Vijay Mallya will not be presenting himself before ED investigators for the third time today as he sought time till May to depose before it in connection with a money laundering probe in the over Rs 900 crore IDBI loan fraud case. Officials said Mallya has informed the Investigating Officer (IO) of the […]

Nita Ambani, Arundhati Bhattacharya, Tops A Forbes Power List For Asia

Nita Ambani, Arundhati Bhattacharya, Tops A Forbes Power List For Asia

Thursday, April 7th, 2016 | Posted in Breaking News Business News | by

Reliance Foundation Chairperson Nita Ambani has been named the most powerful businesswoman in Asia by Forbes, leading a list of 50 women leaders from the region that includes eight from India. SBI Chairman and Managing Director Arundhati Bhattacharya has been ranked second on the 2016 ‘Asia’s 50 Power Businesswomen’ list that features trailblazing women from […]

Vijay Mallya Offer Rejected, court asks to disclose complete assets

Vijay Mallya Offer Rejected, court asks to disclose complete assets

Thursday, April 7th, 2016 | Posted in Breaking News Business News | by

A group of Indian banks has rejected business tycoon Vijay Mallya and Kingfisher Airlines’ offer to repay Rs 4,000 crore by September, 2016. Vijay Mallya had been negotiating the deal with a consortium of 17 banks through video conferencing. The Supreme Court has directed Mallya and Kingfisher to disclose their total assets. The apex court […]

RBI monetary policy review: Cuts Repo Rate By 0.25%, EMIs Set To Fall

RBI monetary policy review: Cuts Repo Rate By 0.25%, EMIs Set To Fall

Tuesday, April 5th, 2016 | Posted in Breaking News Business Featured News | by

The Reserve Bank of India has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.75%to 6.5% keeping in mind the assessment of the current and evolving macroeconomic situation. The RBI also introduced a host of measures to smoothen liquidity supply so that banks can lend to the […]

Driven by IT sector, Karnataka tops country's job creator list

Driven by IT sector, Karnataka tops country’s job creator list

Monday, April 4th, 2016 | Posted in Business News | by

Karnataka has been ranked as the country’s top job creating state with over 24 percent share during the fourth quarter of the last fiscal, according to a study. It is followed by Maharashtra (23 percent) and Tamil Nadu (10.5 percent), said the study by Assocham. Information technology (IT) sector created about 57 percent of about […]

Individual e-filing of I-T returns likely from mid-April

Individual e-filing of I-T returns likely from mid-April

Sunday, April 3rd, 2016 | Posted in Business | by

E-filing of income tax returns for individuals for the assessment year 2016-17 is likely to begin sooner this time as the revenue department will put in place the necessary software by mid-April. “The department has notified income tax return forms for various categories of assesses. The software for e-filing of returns by individuals and HUFs […]

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