Wipro to takeover IT operations of German firm in $700m deal

Bengaluru (IANS) Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal.

"As a part of the transaction, Wipro will take over the…

Emami manufacturing units for Zandu brands get WHO-GMP quality certification

New Delhi/Kolkata (IANS) Two plants of Emami Limited, located at Vapi and Masat in Gujarat, producing range of its healthcare portfolio products under the brand name of Zandu, have been accredited with WHO-GMP and Certificate of Pharmaceutical Products…

Honda 2Wheelers sees sustained demand, hopeful of robust 2021

New Delhi (IANS) Two-wheeler manufacturer Honda Motorcycle & Scooter India is hopeful of a demand recovery in 2021, on the back of lower industry base, new launches and a differentiated customer experience centres.

Accordingly, the company…

Economic recovery progressing towards Q4 level of FY20: PHD Chamber

New Delhi (IANS) The continuous improvement in the key economic and business indicators signals that the worst is behind us and expectations of a positive GDP growth at 0.1 per cent to 2 per cent in Q3 and 2 per cent to 4 per cent in Q4 FY 2020-21…

Majority of Indians plan to purchase property in 2021: Report

New Delhi (IANS) Around 82 per cent of the people across the major cities plan to buy a residential property in 2021, according to a report by NoBroker.com.

The purchase sentiment among the people last year was 64 per cent. The report titled…

Indian firms line up for 2nd Gen Oracle Cloud to boost growth

New Delhi (IANS) Cloud major Oracle on Monday announced that several Indian businesses like Polycab, Religare Broking and Mphasis have moved on to its second-generation cloud services in the country, amid the rising demand for secure, enterprise-grade…

Sharp fall in market, Sensex plunges over 1,500 points

Mumbai (IANS) The Indian stock market witnessed a slump on Monday with the BSE Sensex falling over 1,500 points.

Across-the-board sell-off took place during the afternoon trade session, led by banking, finance and oil and gas stocks.

Fresh…

Six bidders submitted bids for Reliance Home Finance

New Delhi (IANS) Six bidders have submitted bids for Reliance Home Finance Limited (RHFL).

Of these, only two bidders submitted compliant and binding bids and other four bids are non-binding and not compliant with bid conditions.

The…

Additional borrowing permission of Rs 16,728 Cr granted to 5 states

New Delhi (IANS) Centre has granted permission for additional mobilise additional financial resources to the tune of Rs 16,728 crore through open market borrowings to five states.

The permission has been granted as the state have so far completed…

Petrol, diesel prices hold for 12 days even as crude rises over $52/b

New Delhi (IANS) Oil marketing companies continued to hold back any change in retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for past 12 days.

Accordingly, there…