The benchmark BSE Sensex opened on a positive note on Tuesday and rose 109.61 points or 0.39 per cent to 27,839.82, taking cue from the global market trend which has shown a steep rise bolstered by hopes that Greece’s latest budget proposals would stave off a debt default and lead to a deal with lenders later this week.

It slipped into red for a bried period in monring trade. At 9.27 am, BSE Sensex was down 4.61 points at 27,725.60. Similarly, Nifty was down 2.25 points at 8350.85 during the same time.

Reiterating the goal of $20 billion in revenues by 2020, Infosys CEO Vishal Sikka on Monday unveiled a strategy that includes a visa-independent delivery system, entailing hiring a higher number of local employees in overseas locations.

Addressing shareholders at the Infosys’ 34th Annual General Meeting, Sikka said the company is vigorously renewing its existing “bread and butter” services business through better internal operational efficiencies.

The boardroom challenge to CEO & primary shareholder (~11.8%) Rana Kapoor from the family of a copromoter (~10.3%) has got some closure with the Bombay High Court’s ruling. It validates Kapoor’s term and role as CEO (and does not grant the challenger a board seat) – key for the business, and leaving it largely business-as-usual for YES Bank. It does however annul the appointment of three executive directors, and seeks procedural reviews for four others. While the legal tussle is not necessarily over, it should not impact the business or the stock.

In a bid to facilitate supply of coal to medium and small scale enterprise (MSME) sector, Coal India Ltd. (CIL) held a meeting with the State Governments recently at its headquarters in Kolkata. This was the first time that such a meeting was held. CIL earmarks about 8 million tonnes of coal annually, sold at notified prices, to MSME sector which constitutes brick kilns, food processing industry, lime factories, smokeless fuel plants, coke oven units and other small industries that rely on coal for their manufacturing process.

Merely going after black money could create wrong perceptions about India and it is more important to understand why black money is created and address those issues, Chief Economic Adviser to the NDA government Arvind Subramanian said here today.

“I don’t understand black money. Politicians spend a lot of time and money on it. What I would say is that the way to think about black money is as a stock problem and a flow problem,’’ Subramanian said on the sidelines of a series of talks on ‘Economic Survey: Taking stock of the Indian Economy’ that he has been delivering around the country.

Yahoo’s business has always been about using the latest tech to capture people’s attention with interesting content. They were many people’s first real home page on the web.

Before search and social, you’d go to Yahoo to see links worth checking out. In the interim periods of change in consumer tech, they’ve adapted their product strategies to follow their model, with points of success and failure. In a recent visit to Yahoo’s Sunnyvale headquarters, we got a better look at how the company is adapting the mobile-first world.

CHENNAI: There has been a shift in the pecking order of car and SUV companies in India with the fourth, fifth and sixth spots showing significant changes.

According to statistics from the Society of Indian Automobile Manufacturers (SIAM), the top five passenger vehicle companies in India by sale are Maruti, Hyundai, Mahindra & Mahindra, Honda and Toyota.

With an aim to double its mobile phone market share in India, LG Electronics has launched a new flagship smartphone – G4 in the country at a price of Rs 51,000. The devices comes with a 5.5-inch QHD (2560x1440p) IPS Quantum display, powered by a 1.8GHz Qualcomm Snapdragon 808 hexa-core processor, and 3GB of RAM.

It houses 32GB of storage and a microSD card with expandable storage support up to 2TB. Also, the G4 features a 16 MP rear camera, 8-megapixel front camera, 3000mAh removable battery, and runs on Android 5.1 Lollipop OS.

Google has confirmed its acquisition of startup Agawi which allows users to stream and use the applications before making a decision of purchasing them. The startup is said to have been silently acquired last year, but Google confirmed the news now only after it came into media limelight.

Agawai’s Twitter account was inactive since 2013, its website was also not functional and three of its employees were already working with Google as their Linkedin profiles mentioned, including the firm’s Co-founder, Rohan Relan. However, Peter Relan and Rajat Gupta the Executive Chairman and the CEO of Agawi respectively do not mention Google in their LinkedIn profiles.

Private sector lender Yes Bank, in the news recently over two of its directors, M R Srinivasan and Diwan Arun Nanda, assuming office Friday and cutting base rate from 10.75 per cent to 10.50 per cent, got a boost with Systemix putting a ‘buy’ recommendation on its stock.

Yes Bank stock is expected to move in a range, and above Rs 844 would lead to the upper levels of the range – Rs 897-909. On breakout above Rs 909, its next target would be Rs 930-971-1,022 levels.

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