Sensex jumps amid hope of RBI-government truce

Mumbai (IANS): Key equity indices jumped amid bets the government and the Reserve Bank of India will bury their differences at a crucial central bank board meeting on Monday.

Subdued global oil prices, and foreign fund inflows amid a stable…

Facebook investors want Mark Zuckerberg to resign

San Francisco (IANS) Facebook investors have increased pressure on Chairman and CEO Mark Zuckerberg to step down after a New York Times investigation suggested that the social network hired a Republican-owned political consulting and PR…

Infosys to open Texas hub, hire 500 Americans

Bengaluru (IANS): Infosys will soon open a technology hub at Richardson in the US state of Texas where it will hire 500 American techies by 2020, said the global software major on Wednesday.

"The new hub will drive expansion and create…

Ashok Leyland posts Rs 460 cr profit in Q2, CEO quits

Chennai (IANS): Commercial vehicle maker Ashok Leyland on Tuesday said its net profit grew 37 percent on year in the quarter ended September to Rs 460 crore, and also announced its CEO has resigned.

The Hinduja group's flagship company…

Key market indices open in green

Mumbai (IANS): Amid mixed global cues, the 30-scrip S&P BSE Sensex on Monday opened in the green.

Healthy buying was witnessed in IT, healthcare, capital goods counters, though oil and gas stocks traded in the red.

The Sensex which…

Sensex, Nifty fall 1% as crude oil prices surge

Mumbai (IANS): A rise in global crude oil prices, along with a weak rupee, dragged the key equity indices lower by around 1 percent on Monday.

Except for the IT and Teck sectors, all the other segments on the BSE like auto, energy, banking…

Aditya Birla Group to invest over $2 bn in Odisha

Bhubaneswar (IANS) Aditya Birla Group Chairman Kumar Mangalam Birla on Monday announced an investment of over $2 billion in Odisha in the next two years.

"Even as we are able to consolidate, we dream of higher growth trajectory…

Oil, rupee fail to cheer markets as investors turn wary ahead of polls

Mumbai (IANS): Key equity indices settled lower on Friday despite a sharp rebound in the domestic currency and a decline in global crude oil prices, as investors turned cautious ahead of key state assembly elections this month and the next.

The…

Jumbo deal: Indian tea firm strikes $1 mn export deal with Chinese company

Beijing (IANS): As India eyes the world's biggest tea market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.

Indian company Jay Shree Tea & Industries Ltd signed the contract with Chinese company…

Global cues, rupee dent equity indices

Mumbai (IANS): Broadly negative Asian markets, along with a slightly weak rupee and profit booking dragged the key domestic equity indices in the red during Monday's morning trade session.

In addition, heavy selling pressure was witnessed…