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NSE Nifty hits new high; crosses 9,300-mark for first time

NSE Nifty hits new high; crosses 9,300-mark for first time

The National Stock Exchange Nifty index has crossed the 9,300 mark for the first time on Tuesday while the Bank Nifty crossed the 22,000 mark for the first time too. Nifty breached the previous all-time high which was set only earlier in the day of 9,280.

Nifty index, after hitting the new all-time high, retreated and was trading at 9,299.60, up 81.65 or 0.89% from previous close.

Sebi to discuss measures to check black money in deeper markets

Sebi to discuss measures to check black money in deeper markets

The Sebi board will meet on Wednesday to discuss stricter norms to check any flow of black money into the stock market through controversy-ridden P-Notes as well as initiate steps to allow mutual fund investments via e-wallets.

The markets regulator will also consider new norms for allowing options trading in commodity derivatives market, sources said.

Wipro Q4 results out today: Five key things to watch out for

Wipro Q4 results out today: Five key things to watch out for

Wipro, India’s third-largest information technology (IT) services firm, may surprise the streets with poor profit and organic revenue growth numbers for the fourth quarter of FY17.

The Bengaluru-based company, which is chasing a target of $15 billion revenue and 23 per cent operating margin by 2020, may see up to 15 per cent decline in net profit on year-on-year basis due to decline in other income and Rupee appreciation, say market analysts.

Maruti's most expensive car, S-Cross, crosses its first major milestone

Maruti's most expensive car, S-Cross, crosses its first major milestone

S-Cross, the most expensive vehicle from Maruti Suzuki, has managed to cross a milestone of 50,000 units in sales. Launched in August 2015, the vehicle had seen an initial phase of weakness due to its pricing and competition from Hyundai’s Creta, launched days before S-Cross.

The country’s largest car maker has sold over 46,000 units of S-Cross in domestic market since launch, data with Siam showed. More than 4,000 vehicles have been exported to different destinations. The vehicle, positioned as a crossover, had seen challenges post the launch.

Infosys grows footprint in Eastern Europe, opens delivery center in Croatia

Infosys grows footprint in Eastern Europe, opens delivery center in Croatia

IT major Infosys Tuesday announced that it was strengthening its engineering footprint in Eastern Europe by opening its first office and delivery center (DC) in Croatia.

In line with the company's strategy to establish global competency centers, offering the best talent in the market and making it available to customers globally, this DC also marks our expansion into Eastern Europe's established heavy engineering sector, Infosys said in a release here.

Isro invites proposals for Venus Mission

Isro invites proposals for Venus Mission

The Indian Space Research Organisation (Isro) is planning to develop a 175 kg satellite to study Venus, the second planet from the Sun.

Isro officials have said the mission to Venus is on the horizon and studies are underway.

Microsoft's Nadella banks on LinkedIn data to challenge Salesforce

Microsoft's Nadella banks on LinkedIn data to challenge Salesforce

Microsoft is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialised business software.

The improvements to Dynamics 365, as Microsoft's sales software is called, are a challenge to market leader Salesforce.com and represent the first major product initiative to spring from Microsoft's $26-billion acquisition of LinkedIn, the business-focused social network.

Nasscom says Indian IT firms get 20% of H-1B visas, pay higher wages

Nasscom says Indian IT firms get 20% of H-1B visas, pay higher wages

The National Association of Software and Services Companies (Nasscom) said Indian information technology (IT) service entities account for less than a fifth of H-1B visas in America.

A background briefing by US White House officials, ahead of President Donald Trump signing an executive order last week to bring in changes to the H-1B visa programme, had accused both Tata Consultancy Services (TCS) and Infosys Technologies of paying lower wages for workers sent to the US.

RIL net up 12.3% to Rs 8,046 cr. Here are all the details

RIL net up 12.3% to Rs 8,046 cr. Here are all the details

Reliance Industries (RIL) reported record annual profits for the last financial year (2016-17), riding high on refining and petrochemicals businesses. For the March quarter, its consolidated net profit rose 12.3 per cent to Rs 8,046 crore, against Rs 7,167 crore for the same period a year ago.

With a significant part of its capital expenditure on the hydrocarbons business complete, the company expects it to contribute to its income in the current financial year (2017-18). The full impact would be visible in the next financial year (2018-19). The coming quarters, however, will see accounting for both revenue and expenses from its telecom venture.

LG launches flagship G6 in India at Rs 51,990 with bold display format

LG launches flagship G6 in India at Rs 51,990 with bold display format

Kicking off an era of premium smartphones with the 18:9 screen aspect ratio, South Korean giant LG on Monday launched G6 in the Indian market at Rs 51,990.

Initially launched at the Mobile World Congress (MWC) in Barcelona in February, the 18:9 format offers more viewing space and a better immersive experience while streaming videos and playing games.

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