New Delhi: Twitter Inc. on Monday named Taranjeet Singh head of sales for its India operations.

Singh will be based at the company’s Gurgaon office and his main responsibilities will include increasing commercial opportunities for Twitter in India and working closely with brands and agencies to maximize the value of real-time marketing on the world’s largest platform for live, public conversations.

Mumbai: The 30-share benchmark S&P BSE Sensex Index was trading higher for a third consecutive day, up 150 points, after Wipro Ltd jumped over 7% on better-than-expected earnings.

At 12.04pm, the Sensex was up by 0.54%, or 150.51 points, at 28,272.40 points, while the 50-share CNX Nifty of the National Stock Exchange (NSE) was trading higher by 0.43%, or 37.05 points, at 8,550.85 points.

Public sector bank employees have decided to go on a 4-day strike from January 21 to protest against the “rigid and callous attitude” of Central Government in resolving the long pending wage revision issue, a senior union leader said on Monday.

Earlier, it was decided to hold one day strike on January 7, which was deferred on the request of IBA to find out an amicable solution, All India Bank Officers’ Confederation (AIBOC) State Secretary Deepak Kumar Mr. Sharma said.

Network video maker, Axis Communications has introduced AXIS Q29 Temperature Alarm Camera Series, a new series of network cameras with remote temperature monitoring capabilities. With two available lens alternatives and a resolution of 336×256, the cameras allow remote monitoring of critical temperatures at both short and long distances.

The temperature alarm cameras are likely to be available in Q1 2015 at a price of USD$6499 through Axis distribution channels.

Under its new management team, Infosys exhibited predictability in revenue growth and operational performance for the second quarter running. While we believe revenue growth revival will be gradual, we are enthused by: (i) strategic clarity around re-inventing its core offerings and using innovation to drive traction in newer technologies;(ii) likely better cash utilisation/return after Q4. Given our positive stance on sector demand and comfort on the management, we retain our Buy and TP (target price) of R2,220.

Shares of IT services major Wipro today surged nearly 8 per cent after the company reported an 8 per cent growth in consolidated net profit in the December quarter.

Wipro’s scrip gained 7.78 per cent to Rs 598.45 at the BSE.

On the NSE, it climbed 7.82 per cent to Rs 598.50.

State-owned carrier Air India is to cuts its costs by 14 billion rupees ($227 million), or about 6% of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances.

Air India, which controls close to a fifth of India's domestic air travel market, has been losing money for years and has long been criticised for its high costs. In 2012, the government handed the company a $5.8 billion bailout package.

Mahindra and Mahindra (M&M) Financial Services has dipped 7% to Rs 287 on BSE in otherwise firm market after the company reported disappointing set of numbers for the third quarter of current financial year.

The company has posted a 14% year on year (yoy) decline in consolidated net profit to Rs 157 crore in the quarter ended December 31, 2014 (Q3), due to higher loan provisions and write offs. The company had profit of Rs 182 crore in year ago quarter.

Days after the Reserve Bank of India (RBI) lowered the repo rate in a surprise move, banks have set the ball rolling for a possible reduction in their lending rates.

Repo is the rate at which the central bank lends to commercial banks.

The Nano did not take off the way Tata Motors would have liked, despite aggressive pricing and Rs 4,000 crore of investments in development, marketing and a dedicated plant at Sanand in Gujarat. But the company, India's largest automaker by revenue, is looking to recover some of the cost incurred on the Nano platform. The plan is to develop a slightly bigger hatchback at the Sanand factory, to take on the Maruti Suzuki Alto, India's top-selling car.

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