Infosys pushes salary hikes to July, even later for executives

Infosys has deferred salary hikes for employees to July and even later in case of senior executives as the Indian tech industry struggles to cope with uncertain environment and visa-related issues in key markets like the US, reported PTI.

Typically, the country's second-largest software services firm rolls out increments from April but this year the hikes have been pushed back to

India cool on Beijing summit as "Silk Road" stirs unease

By Sanjeev Miglani

NEW DELHI  India is likely to be represented by local embassy staff or academics this weekend at a major gathering of leaders and ministers on China's "Silk Road" initiative, reflecting deep unease in New Delhi about the far-reaching project.

India's main objection to China's plan to build ports, railways and pow

Indian equities slip, investors cautious ahead of macro-data release

 Indian equity markets on Friday slipped as investors were cautious ahead of the release of major domestic macro-economic data.

The new series of Wholesale Price Index (WPI) and Index of Industrial Production (IIP) data with the revised base year of 2011-12 are slated to be released later in the evening.

Besides, sentiments were hampered by negative global cue

Key Indian equity indices trade flat in early session

By Samantha Kareen Nair

Indian shares edged lower on Friday, after hitting record highs in the previous two sessions, as investors turned cautious ahead of inflation data and booked profits in recent outperformers.

Consumer price inflation (CPI) is expected to have eased to a three-month low of 3.49 percent in April from 3.81 percent the previous month, below the central ban

Asian Paints` Q4 consolidated net profit up 10%

Decorative coatings company Asian Paints on Thursday reported an increase of 10.4 per cent in its consolidated net profit for the fourth quarter (Q4) of 2016-17.

According to the company, its consolidated net profit during the quarter under review increased to Rs 462.22 crore from Rs 418.70 crore in the corresponding period of 2015-16.

Asian Paints' consolidate

India pitches to private companies for help in defence drive

By Aditya Kalra and Nigam Prusty

NEW DELHI   India presented a long-delayed plan to industry officials on Thursday for selecting private arms manufacturers to help build an indigenous defence industry, a government document seen by Reuters showed.

Local companies will be chosen as strategic partners that can combine with foreign firms to manuf

Coal workers to strike against planned provident funds merger

NEW DELHI  Five trade unions at top coal producers in India will go on a three-day strike in June to protest against a proposed merger of the coal miners' provident fund with the employees' provident fund, they said.

The unions, which claim they represent more than 400,000 coal mine workers, also called for an end to the contractual system for appointment

Gujarat Pipavav clocks 28% profit in Q4 at Rs 66.19 cr

India’s first private sector port Gujarat Pipavav Port Ltd on Thursday reported a surge of 28.1 per cent in its standalone net profit after taxes (PAT) at Rs 66.19 crore for the fourth quarter ended March 31, 2017.

“The standalone net profit of the largest container terminal operater stood at Rs 51.67 crore during the same period a year ago,” Gujarat Pipavav Port Ltd

Havells India Q4 net plunges 74% at Rs 94.70 cr

Consumer electrical goods maker Havells India Ltd on Thursday reported a sharp fall of 74.1 per cent in its standalone net profit after taxes (PAT) at Rs 94.70 crore for the fourth quarter ended March 31, 2017. “The standalone net profit of the company stood at Rs 365.74 crore during the same period a year ago,” Havells India Ltd said in a filing to the Bombay Stock Exchange on May

No downsizing, says TCS

Bucking the trend, lobal software major Tata Consultancy Services (TCS) has ruled out laying-off employees in the near future and instead plans to create more jobs.

"No, certainly no," Rajesh Gopinathan, CEO and MD of TCS, told IANS here on Thursday when asked if there were any plans of laying-off employees or downsize as some other big players in India's IT sector have

India private forecaster Skymet holds to weak monsoon view, contrary to IMD

NEW DELHI    India's only private weather agency on Thursday warned against "irrational exuberance" after a state forecast flagged heavier-than-expected monsoon rains and the stocks of companies dependent on the farm economy shot ahead a second straight day.

The Indian Meteorological Department (IMD) told Reuters late on Tuesday that the J

Global cues surge equity markets to new highs

The Indian equity markets closed at new highs on Thursday, as positive global cues and an appreciating rupee buoyed investors' sentiments.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) provisionally closed at 9,422.40 points -- up 15.10 points or 0.16 per cent.

Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at a new

In Trump's shadow, Fed official says trade barriers a 'dead end'

MUMBAI     New York Federal Reserve President William Dudley said on Thursday the U.S. central bank will normalise its balance sheet in a "very careful way", while leaving "sufficient" excess reserves in the financial system.

Dudley, in a speech in Mumbai, also told the audience not to expect any "dramatic change" in moneta

Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart - TV

Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart, ET Now reported, citing sources.

Nexus and Snapdeal founders have agreed to the terms of payment with SoftBank wherein Snapdeal founders would get $1

HCL net up 20.8% in Q4

HCL Technologies Ltd posted Rs 2,325 crore consolidated net profit for the fourth quarter (Q4) of fiscal 2016-17, registering 20.8 per cent year-on-year (YoY) growth from Rs 1,926 crore in the same period a year ago (2015-16), said the global software services major on Thursday.

Sequentially, the net profit in Q4 (Rs 2,325 crore) grew from Rs 2,070 crore in the third quarter regi

HPCL seeks gasoil as refinery starts maintenance - sources

SINGAPORE   Hindustan Petroleum Corp Ltd is seeking gasoil amid planned maintenance at its 180,000 barrels-per-day Bathinda refinery, three industry sources said on Thursday.

The company is seeking 60,000 tonnes of gasoil with a sulphur content of 40 parts per million for delivery into Visakhapatnam over May 25 to 30, a tender document seen by Reuters showed

Vardhman Textiles Q4 net profit dips 10 % at Rs 158 cr

Vardhman Textiles has reported a 10 per cent drop in net profit to Rs 158.56 crore for the fourth quarter ended March.

The company had posted a net profit of Rs 176.21 crore in the corresponding period of the last fiscal. However, for the entire fiscal ended March 31, the company's net profit stood at Rs 981.41 crore, as against Rs 614.59 crore in the financial year 2015-16.

Dalmia Bharat Q4 net zooms 94% at Rs 184 cr

Dalmia Bharat Ltd, manufacturer of Dalmia Cement has reported a steep jump of 94.16 per cent in its consolidated net profit at Rs 184.05 crore for the fourth quarter ended March. The company reported a net profit of Rs 94.79 crore in January-March a year-ago, Dalmia Bharat said in a BSE filing.

Total income during the quarter under review was at Rs 2,504.68 crore, up 15.29 per cent fr

Siemens India net flat in Q2

The Indian arm of German power distribution products maker Siemens Ltd on Wednesday reported Rs 186 crore net profit for its second quarter ending March 31, as against Rs 189 crore, registering flat year-on-year (YoY) growth.

In a regulatory filing on the BSE, the city-based company said sales revenue for the quarter under review (Q2) grew 24 per cent YoY to Rs 2,983 crore from R

Zee Entertainment's Q4 net profit up 42%

Zee Entertainment on Wednesday reported a substantial increase of 42 per cent in net profit for the quarter ended March 31.

According to a filing to the BSE, its net profit during the quarter rose to Rs 262 crore from Rs 184.39 crore reported for the corresponding period of 2015-16, while standalone total income grew 11.63 per cent to Rs 1,268 crore from Rs 1,135.85 crore reporte

Tata Motors` April global wholesales decline 9%

 Automobile major Tata Motors Group on Wednesday reported a decline of nine per cent in its global wholesales for April, including Jaguar Land Rover (JLR).

According to the company, its global wholesales including that of JLR for last month decreased to 73,691 units.

"Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in A

HCL Technologies fourth quarter consolidated profit jumps 28 percent, beats estimates

HCL Technologies Ltd , India's fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.

Consolidated profit rose to 24.75 billion rupees ($383.57 million) for the quarter ended March 31, from 19.39 billion rupees a year earlier, the

Key Indian equity market indices open higher

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 30,248.17 points on Wednesday, opened higher at 30,309.71 points. Minutes into trading, it was quoting at 30,311.95 points, up by 63.78 points, or 0.21 per cent.

At the National Stock Exchange (NSE), the broader 51-scr

Tata Chemicals to acquire silica operation

 Tata Chemicals on Wednesday said it has signed a business transfer agreement with specialty inorganic materials producer Unnati Inorganics to acquire its undertaking of precipitated silica operation.

"Tata Chemicals Ltd has signed a business transfer agreement with Unnati lnorganics Pvt Ltd to acquire their undertaking of precipitated silica operation, on a slump sale