Reliance Industries reported a nearly flat profit of Rs 5,511 crore on falling gas production and refinery margins for the December quarter but beat analysts estimates as earnings from investments and lower finance costs compensated for a drop in operating income. However, the oil-to-retail conglomerate saw its revenues rise 10.5% to Rs 106,383 crore due […]
Sanjay Mehrotra, the Indian-American Chief Executive Officer of SanDisk, leading maker of flash memory devices, has been named the 2013 CEO of the Year by the Entrepreneurs’ Foundation of the Silicon Valley Community Foundation (SVCF). “The 2013 Powered by EF” CEO of the Year was given to Mehrotra as “a chief executive officer who demonstrates […]
Canadian handset major BlackBerry today said its BlackBerry 10 and BlackBerry Enterprise Service 10 (BES 10) have been gaining a strong presence in India. Over 1,000 companies in India have either adopted or tested BES 10 since its launch last year, it said. The company has been struggling in the highly competitive smartphone market globally. […]
Playback singer G Venugopal has completed 30 years in the music industry. Venugopal started his career in the music industry by singing a Hindi song in 1984 Malayalam movie ‘Odaruthammava Aalariyam’. Venugopal hails from a family of gifted classical musicians and started learning music at an early age. Despite having faced tough competition from his […]
Tata Steel on Monday reported a 9.4 per cent increase in sales volumes to 2.06 million tonnes from its Indian operations in the October-December quarter. The private sector steel major had reported sales of 1.88 million tonnes in the corresponding quarter a year earlier, the company said in a statement. Production of saleable steel during […]
Infosys chairman NR Narayana Murthy is spreading some New Year cheer among its 1.58 lakh employees. The company plans a salary increase in April, unlike last year when it gave increments in July and the year before that in October. “Our desire is that we should get back to the April cycle. That’s what Shibu […]
Rising for the third straight day, gold prices rose by another Rs. 45 to Rs. 30,215 per 10 grams in the national capital on Saturday on increased buying by stockists and jewellers to meet the upcoming marriage season demand amid a strong global trend. Silver also jumped up by 490 to Rs. 44,800 per kg on increased […]
The rupee weakened on Monday as shares fell to their lowest close in 2 and a half weeks on worries about whether foreign investors will continue to buy into India in the new year, but exporters sold dollars, capping broader losses. The rupee has fallen 0.8% so far this year, hitting a one-month low on […]
The benchmark S&P BSE Sensex failed to maintain initial gains and was quoted lower by 19 points in the morning trade due to mild selling pressure mainly in banking, realty and FMCG counters tracking weak Asian cues. The Sensex opened higher at 20,755.73 and firmed up further to 20,778.13 on initial buying mainly in metal, […]
Facebook, Inc. acquired a Bangalore-based company Little Eye Labs making it the company’s first acquisition in India. Little Eye Labs, a product start up company founded in May 2012, develops performance analysis as well as monitoring tools for developers of mobile app. The financial consideration of the deal is not disclosed. However, as per industry […]