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…

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…

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…

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…

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…

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…

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…

Apple puts Wistron on probation after violence at India plant

Bengaluru (IANS) One week after violence broke out at Wistron Corporation's plant near Bengaluru where iPhones and other IT products are manufactured, Apple on Saturday placed the Taiwanese tech giant on probation after finding that the company…

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…

Reliance and BP announce first gas from Asia's deepest project

New Delhi (IANS) Reliance Industries Limited (RIL) and BP on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the Kakinada coast.

RIL and BP are developing three deepwater gas projects…