Shares of Bajaj Auto dipped 4% to Rs 2,510, declining 5.5% from their intra-day highs on the NSE, after the company reported 37% year-on-year (YoY) jump in net profit at Rs 1,015 crore for the quarter ended June 2015 (Q1) mainly on account of higher other income.

The two-wheeler manufacturer had posted a profit of Rs 740 crore in the same quarter a year ago.

Sony is stepping into the drone business after the Japanese electronics giant announced a new venture that captures images and other data for business purposes using unmanned crafts.

The new business — which is called Aerosense — is a joint-venture with Japanese robotics and automation company ZMP. It won’t sell drones, but instead will use them to capture images from the skies which — when combined with cloud-based data processing — will provide a range of services and data to help with tasks like measurement, surveying, observation and inspection.

Apple released its third-quarter earnings declaring it had sold 47.5 million iPhones, up 35 percent from a year ago but fell short of expectations as analysts had expected a figure around 49 million.

The company said net income rose to $10.68 billion, or $1.85 per share, from $7.75 billion, or $1.28 per share, a year earlier.

HDFC Bank has reported a net profit of Rs.2,695.72 crore for the quarter ended June 30, 2015, an increase of 20.7 per cent compared to Rs.2,233.04 crore recorded in the corresponding period of previous year.

The bank’s total income was Rs.16,503 crore, an increase of 26.3 per cent over Rs.13,070.7 crore for the quarter ended June 30, 2014.

The benchmark BSE Sensex bounced back in style, bucking the sluggish global cues and were trading near the highs of the day in the early noon session.

At 12:21 pm, BSE Sensex traded 258.25 points up at 28,440.39. NSE Nifty traded 79.20 down at 8,608.65

NEW DELHI: Passengers used to stale fare on Indian trains may finally get some relief as some of the top fast-food chains in the country are boarding the band wagon. After pizza maker Domino's, American chicken restaurant chain Kentucky Fried Chicken (KFC), has tied up with the Indian Railway Catering and Tourism Corporation (IRCTC) to serve consumers on trains.

RBI Governor Raghuram Rajan today called on Finance Minister Arun Jaitley and is believed to have discussed various issues including current macroeconomic situation.

Rajan''s meeting with the Finance Minister comes ahead of the bi-monthly monetary policy to be announced on August 4.

After a long wait, Infosys, India’s second-largest information technology services company, seems to have finally achieved the kind of growth that had been eluding it for the past few years.

For the quarter ended June, the company reported seven per cent sequential growth in revenue, the highest in the past 15 quarters, even as it reported a decline in net profit and operating margin compared to the March quarter. The management has often argued that once growth returned, everything else would fall into place, whether it was profitability or attrition.

Microsoft Corp reported a $3.2 billion quarterly net loss, its biggest ever, as the company wrote down its Nokia phone business and demand fell for its Windows operating system.

The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year.

Idea Cellular, the flagship mobile company of the Aditya Birla group, reported a 28 per cent year-on-year (y-o-y) increase in net profit in the June quarter to Rs 930.8 crore. This was ahead of the Street's estimates of Rs 911 crore and driven by healthy growth in data and voice volumes. Profits were driven by robust growth in mobile data volumes. Sequentially, however, profits were down 1.16 per cent. The company said it has carefully studied the market for launch of 4G services and is expecting to roll out the upgraded services from January 2016 in 10 circles where it has bought licences.

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