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Company News
  • 25 May 16
    08:12 AM
    Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp , allowing the company to focus on its cloud services business and other fast-growing units.
    07:10 AM
    Former Ranbaxy promoters Malvinder Singh and Shivinder Singh on Tuesday assured the Delhi High Court they would keep assets secure to be in a position to make the Rs 3,500-crore payment to Japanese conglomerate Daiichi Sankyo, which had in 2008 bought a
    04:42 AM
    Every time he started a new venture, the stocky business owner has always defied naysayers.
    04:35 AM
    With improving growth in communications and manufacturing businesses as well as with profitability of LCC (a company acquired recently) expected to scale up, Tech Mahindra's margins are expected to improve.
    03:46 AM
    Considering the varying profile of investors, Sterlite Technologies has decided to hive off its power business as Sterlite Power Transmission from Sterlite Technologies, which will continue to focus on the telecom infrastructure.
    03:45 AM
    In yet another high-profile exit from a start-up, chief product officer at Snapdeal Anand Chandrasekaran has quit the company less than a year of joining it.
    03:42 AM
    Ricoh India, a subsidiary of Japanese multinational imaging and electronics major Ricoh Co, is under the scanner of the Securities and Exchange Board of India (Sebi) for the alleged inconsistencies in financial transactions recorded in the company's book
    03:38 AM
    Snapdeal-owned digital payments platform Freecharge has elevated its chief operating officer Govind Rajan to the position of chief executive, while co-founder Kunal Shah has been made Chairman of the company.
    02:56 AM
    When Toyota zeroed in on May 13 to launch its Innova Crysta in the capital, it was confident the ambiguity over the fate of diesel-powered vehicles would be over by then.
    02:47 AM
    Drug maker Cipla’s net profit fell 68.9 per cent year-on-year (y-o-y) to Rs 81 crore in the quarter ended March 2016, on account of one-off expenses related to inventory reduction and closure of business in some small-sized foreign markets.
    02:02 AM
    The San Francisco judge handling the possible trial of Volkswagen in the emissions cheating scandal said today that there had been "substantial progress" toward a final settlement.
    01:52 AM
    Ever since the Broadcast Audience Research Council of India (BARC) started reporting rural television viewership data in October last year, broadcasters have been aware that sooner or later, they would need to customise content for rural audiences.
    01:11 AM
    Monsanto Co will reject Bayer AG's $62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday.
    12:56 AM
    Many leaders of India Inc want the Centre to give an extension to Reserve Bank of India Governor Raghuram Rajan because of his performance.
    12:50 AM
    In a move to strengthen its research & development (R&D), India’s largest car maker Maruti Suzuki India (MSIL) plans to use 40 per cent of its proposed capex of Rs 4,400 crore for the current financial year for new product development.
    12:48 AM
    Ahmedabad-based pharma major Cadila Healthcare, which covered a long journey from being a Rs 250-crore company in 1995 to the Rs 9,800-crore behemoth it is today, feels the road ahead lies in biosimilars.
    12:45 AM
    Japanese automobile major Toyota is “re-looking&" at its Indian operations saying orders are passed “against principle of natural justice&".
    12:44 AM
    Digital payment platform Freecharge on Tuesday announced appointment of Govind Rajan as the chief executive officer (CEO) of the company. Rajan had joined Freecharge in August 2015 and is currently the chief operating officer.
    12:40 AM
    Taking a step towards cleaning up its balance sheet, the Punjab National Bank (PNB) has identified 53 corporate non-performing loans worth Rs 6,300 crore for sale to asset reconstruction companies (ARCs).
    12:33 AM
    Melwyn Rego, managing director and chief executive officer, BoIPublic sector lender Bank of India (BoI) on Tuesday posted net loss of Rs 3,587 crore in the quarter ended March 31, 2016, on a sharp rise in provisions for bad loans.
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Sensex

Company Price Gain (%)
ICICI Bank231.803.30
H D F C1,208.903.03
Asian Paints975.001.96
Axis Bank498.551.89
Infosys1,209.801.82

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