May 21, 2013 17:00 (IST)
At 1115 GMT, the rupee was at 55.37/38 versus its Monday close of 55.10/11. It fell to 55.41 during the session, a level last seen on November 29, 2012.
May 21, 2013 16:50 (IST)
Phaneesh Murthy had to quit Infosys, India's second biggest software services exporter, under controversial circumstances over a decade ago.
Written By: Ramarko Sengupta | New Delhi | May 21, 2013 16:28 (IST)
Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.
Washington | May 21, 2013 15:48 (IST)
One of Apple's Irish affiliates reported profits of $30 billion between 2009 and 2012, but because it did not technically belong to any country, it paid no taxes to any government.
May 21, 2013 15:41 (IST)
The BSE Sensex fell for a second consecutive session on Tuesday to its lowest close in a week as recent outperforming blue chips such as ITC fell ahead of Federal Reserve events that could provide cues on the future of the U.S. stimulus programme.
New Delhi | May 21, 2013 15:40 (IST)
The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue.
Bangalore | May 21, 2013 14:31 (IST)
Natarajan said the board seems to have done a fairly thorough due diligence before taking the action. "It is a very isolated incident and has no bearing in terms of what implications it has on Indian IT industry," he said.
Hong Kong | May 21, 2013 14:04 (IST)
The annual survey by industry tracker AsiaHedge, released this week, found that Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion.
London | May 21, 2013 13:26 (IST)
The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2 per cent fall in organic service revenue, broadly in line with forecasts.
May 21, 2013 13:20 (IST)
Phaneesh Murthy, the sacked chief executive of iGate Corp, says he will rigourously defend the charges of sexual harassment brought against him by a subordinate that led to his termination from the company. Mr Murthy is one of India's best-known IT executives.
May 21, 2013 12:56 (IST)
Technology outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment.
May 21, 2013 12:31 (IST)
The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since it bought online search engine Overture a decade ago for $1.3 billion.
Mumbai | May 21, 2013 12:23 (IST)
The rupee opened higher at 54.97 per dollar as against the previous closing level of 55.11 at the Interbank Foreign Exchange (Forex) market.
May 21, 2013 12:06 (IST)
Tata Motors' Jaguar Land Rover basket top end of Range Rover falls in this bracket.
May 21, 2013 11:46 (IST)
Shares in Coal India surged as much as 2.6 per cent on Tuesday after the state-run miner recommended higher than expected dividend for the 2012-13 fiscal year. Coal India recommended final dividend of Rs 4.30 per share against Rs 0.50 per share dividend announced in 2011-12.
San Francisco | May 21, 2013 11:44 (IST)
Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns.
May 21, 2013 10:45 (IST)
The BSE Sensex traded flat amid choppy trade on Tuesday tracking weakness in Asian equities. Global markets are in a pause mode, waiting for the U.S. Fed to take a final call on ending its bond-buying stimulus scheme.
Washington | May 21, 2013 10:40 (IST)
Eesha Khare from Saratoga in California was awarded the Young Scientist Award by the Intel Foundation after developing the tiny device that fits inside mobile phone batteries that could allow them to charge within 20-30 seconds.
May 21, 2013 10:39 (IST)
The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement.
May 21, 2013 09:46 (IST)
The rupee opened higher on Tuesday. The rupee-dollar pair traded at 54.97/98 versus its last close at 55.10/11.