Wipro Ltd is seeking to generate more revenue from existing clients by selling them cloud computing, business applications and analytics solutions, as India’s third largest software services exporter seeks to weather a downturn in demand.

Bengaluru-based Wipro’s effort to win more business from old customers follows a year in which the company’s revenue increased 7%—well below industry lobby group Nasscom’s forecast of average 12-14% growth for India’s software services industry.

The two-year old Bengaluru-based price comparison site, BuyHatke has raised $1 million in its first round of funding from Infosys Co-founder S Gopalakrishnan along with Japanese company Beenos. The new funding will be used by the startup for marketing the site and on working on new products, besides expanding the team.

S Gopalakrishnan has invested money in his personal capacity while Beenos has infused funds as a company.

Pune-based cyber security startup, Uniken which has operations in India, Israel and US, has raised Rs 12 crore as bridge funding from Exfinity Ventures backed by ex-Infosys veterans V Balakrishnan and TV Mohandas Pai. Exfinity looks to invest in tech companies focused on cloud, data analytics and digital security.

The firm had raised series A funding of Rs 30 crore from Nexus Venture Partners earlier this year. According to research firm Gartner, the information security market is projected to grow to $95 billion (Rs 5.9 lakh crore) by 2017.

Calcutta, May 7: Axis Bank will tap the rising demand for mobile-based payment solutions with an application called Ping Pay. The application will allow the bank's customers to transfer funds to any beneficiary on the user's contact lists, including on Whatsapp, Facebook and Twitter.

This application, which is in addition to the bank's existing mobile application, will allow a person-to-person transfer of funds of up to Rs 50,000 using National Payment Corporation of India's Immediate Payment Service.

MUMBAI: The Bombay high court has proposed an amicable settlement to the tussle in the Yes Bank case. The high court has posted the next hearing in the case for May 12.

The Madhu Kapur camp had earlier filed a revised petition before the HC against the appointment of three new whole-time directors. Alleging lack of corporate governance at the bank, the Madhu Kapur faction, whose request for appointment of Shagun Gogia as a director had been rejected by Yes Bank, also sought the court intervention to protect their interest.

New Delhi: Air India Ltd, the state-owned carrier, is in talks with Airbus Group NV to order single-aisle jets valued at $1.5 billion (around Rs.9,600 crore) in list prices, according to a person with direct knowledge of the discussions.

The carrier wants to purchase at least 14 A320neo aircraft, according to the person, who asked not to be identified as the discussions are private. An A320neo costs $106.2 million at list prices. Buyers usually get a discount when they order planes in bulk.

India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list which is topped by the US with its share of 579 companies.

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian companies in the 2015 Forbes ‘Global 2000′ list.

In a fresh twist to the boardroom battle at Diageo-owned United Spirits, stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya’s UB Group, but the liquor maker has rejected the demand citing ‘confidentiality’.

The matter is already being looked into by several agencies, including markets watchdog Sebi and the stock exchanges which act as front-end regulators.

Between Tata Consultancy Services (TCS), Wipro and Infosys, the three bigwigs of the Indian IT space, it seems that that employees are jumping the ship at a rate faster than ever.

The annual attrition rate at Infosys stood at 18.9%, Wipro average at around 15% and TCS shed nearly 48,000 employees last year, averaging at 14.9% in the last quarter of fiscal year 2015.

Markets have closed lower for the third straight session amid volatility weighed down by financials and oil shares.

The 30-share Sensex provisionally ended lower by 146 points at 26,572 and the 50-share Nifty was down 50 points at 8,047.

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