Infosys is due to announce its earnings figures for the second quarter on October 12. For the first quarter ended June 2015, the company posted a consolidated net profit of Rs 3,030 crore, down 2.19 per cent, against Rs 3,098 crore in the sequential quarter ended March 2015. Net sales of the company jumped 7.03 per cent quarter-on-quarter (QoQ) to Rs 14,354 crore.

For the second quarter, market experts foresee revenue growth of over 6 per cent (in rupee terms) and net profit growth of over 12 per cent on a Quarter-on-Quarter basis (QoQ).

The cash-rich Indian Premier League will have a new title sponsor in its next edition after PepsiCo expressed its interest to terminate the association with BCCI.

The beverage giant is keen to walk out on the five-year title contract, due to expire in 2017, because of the cash-rich league bringing "disrepute" to the game. However, BCCI sources claimed that Pepsi wants to end the deal due to its dipping foreign interests.

Giving clarification on Narendra Modi's silence over the Dadri lynching incident, Union Home Minister Rajnath Singh on Thursday said that the prime minister has given him the responsibility and the Centre cannot directly interfere in this matter.

Speaking to the media, Singh said, "PM has given me responsibility. Even with Dadri, we asked the State government for a report and sent an advisory."

Telangana, India’s youngest state, is slowly becoming the go-to state in the south for big businesses. In attracting investments from industry majors, the state is giving tough competition to its neighbours, Andhra Pradesh and Karnataka.

In the past year, Telangana has become the favourite of major e-commerce, retail and aviation companies. While Amazon has one of its largest fulfilment centres in the state and is planning to open another, Flipkart has decided to set up its largest warehouse in Hyderabad. In its first major investment in India, Swedish furniture major IKEA has bought 13 acres near Hyderabad.

K P Singh and his family, promoters of India’s largest real estate company, DLF, will sell their 40 per cent stake in the company’s rental arm, DLF Cyber City Developers Ltd (DCCDL), to institutional investors. The stake is estimated to be worth Rs 12,000-14,000 crore.

A decision on the matter was taken at a meeting of the company’s board on Thursday, based on the recommendations of a committee set up to suggest ways to drive growth in the rental business. The business accounts for annual income of about Rs 2,400 crore.

Some natural gas from the fields of Oil and Natural Gas Corp (ONGC) in the Bay of Bengal might have flown out through the adjoining, connected KG-D6 fields of Reliance Industries Ltd (RIL), said a PTI report quoting US consultant DeGolyer and MacNaughton’s (D&M) preliminary observations.

Unconfirmed media reports on the development pulled down the RIL stock 2.7 per cent to Rs 889.15 on BSE on Thursday. The stock hit a low of Rs 886.6 at 3:15 pm, tumbling from its intra-day high of Rs 915.

Prime Minister Narendra Modi took a dig at the grand JD (U)-RJD-Congress alliance by Nitish Kumar, saying they were promoting politics of opportunism.

"They gave such a bad government for all these years. Can you trust them?. Before you vote, ask yourselves- this 'mahaswarthbandhan' have they done anything for Bihar for 60 years. Shouldn't Lalu ji, Sonia ji and Nitish ji tell what they did for welfare of the people of Bihar in the last 60 years?" he said while addressing a rally in Bihar's Begusarai district.

Amazon.com Inc is launching a marketplace for handcrafted goods on Thursday that will allow customers to buy products made by artisans from more than 60 countries.

"We don't allow any mass manufacturing, we don't allow any factory-made products. All of these products have to be handmade and hand-manufactured," Amazon Marketplace vice-president Peter Faricy told Reuters.

The benchmark indices hit a roadblock after six-straight sessions of gains, amid weak global cues, as investors booked profits at higher levels among financials and index heavyweight shares.

The 30-share Sensex closed lower by 190 points at 26,846 and the 50-share Nifty dipped 48 points at 8,129.

This year, so far, has been evidently better for Coal India Ltd (CIL) as far as production and offtake volumes are concerned. For instance, production and offtake (or sales volume) for the first six months of FY16 increased 8.9% and 9.3%, respectively, reasonably higher than the past two years’ growth rates for the same period. In fact, September offtake improved by an impressive 15%, which is the best monthly growth in recent years.

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