New York: Microsoft Corp. lost a round in a potentially costly patent battle when a US International Trade Commission judge on Monday found that the software giant used InterDigital Inc.’s technology in its mobile phones without permission.

The judge, Theodore Essex, said that Microsoft infringed two wireless cellular patents owned by InterDigital, a patent licensor, and said it would not be against the public interest to ban the Microsoft devices from being imported into the US.

Private sector lender YES Bank announced its international foray by launching its first International representative office in Abu Dhabi, UAE.

Here, the bank will provide services for unique investment needs of the Indian diaspora in the Gulf city through their flagship Global Indian Banking program which comprises of NRE/ NRO savings account & fixed deposits, foreign currency fixed deposit and YES First wealth management programme among others.

Four-wheeler manufacturer Maruti Suzuki reported a 60% jump in net profit at Rs 1,284 crore for the quarter ending March 2015 as against Rs 800 crore in the same period a year ago.

The company said that higher volumes, lower material cost Contributed to its bottomline in Q4.

Private sector lender ICICI Bank on Monday reported a 10% rise in net profit on standalone basis at Rs 2,922 crore for the January-March quarter.

It had posted Rs 2,652 crore profit in the fourth quarter of the 2013-14 fiscal.

Mumbai: Reliance Communications Ltd (R-Com) is seeking to raise at least $300 million (around Rs.1,900 crore) by selling bonds to investors in Europe and Asia, said two people familiar with the deal who did not want to be named.

This is the first time that R-Com is tapping the overseas market as it seeks funds for capital expenditure and payments related to the recently concluded spectrum auctions, one of the persons cited above said.

NSE Nifty fell below its 200-day moving average for the first time in nearly 15 months, led by declines in blue-chip stocks on continued worries about retrospective taxes and lower-than-expected January-March earnings so far.

The 50-shares NSE index declined as much as 0.76 percent to break its 200 day moving average of 8,254.17 for the first time since Feb. 6, 2014, on Monday.

Emerging as one of the most-liked stocks by foreign funds, mortgage giant HDFC Ltd has seen overseas investors raise their stake in it to a record high of nearly 80 per cent during the quarter ended March 2015.

The mortgage financier has also become the first listed Indian company among 30 Sensex firms to have around 80 per cent shareholding by foreign institutional investors (FIIs).

The death toll in Nepal’s devastating earthquake today crossed 3,200 with another 6,000 people injured as rains and fresh tremors hampered rescue efforts to locate survivors trapped under tonnes of rubble of flattened homes and buildings.

“The death toll has reached 3,218 and over 6,500 are injured,” said Rameshwor Dangal, head of the home ministry’s national disaster management division.

BENGALURU: Wipro is rolling out aprogramme that aims to disproportionately reward and incentivise top technical talent irrespective of seniority and designation, replicating a model that International Business Machines and Intel have successfully adopted and made famous.

The nation's third largest software exporter has created a 'fellow' programme that will offer privileges usually given to vicepresident level executives to the selected few, who will be part of Wipro's Distinguished Members of Technical Staff. "Very clearly, these technical career paths that we've created ... are driven by people who are growing without having any people under them," Wipro's global human resources head, Saurabh Govil, said in an interview on Saturday. "That is a new thing we're doing - technical knowledge is driving that."

While announcing the March 2015 quarter results on Friday afternoon, Infosys' management team shared the company’s vision for FY20. Infosys aims to clock in $20 billion annual revenue by FY20 (currently $8.7 billion), improve employee productivity by 50% and take up the company’s EBIT margin to 30% from 25% currently.

Higher revenue contribution from new services such as design thinking, artificial intelligence and intellectual property; increased focus on inorganic growth and higher revenue per employee are the three areas which will help Infosys achieve these targets, according to the management.

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