Corporates

London | May 22, 2013 01:35 (IST)

European Union regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.

May 22, 2013 01:21 (IST)

Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganisation and created a unit aimed at growing its market share in future mobile technologies.

Tampa, Florida | May 21, 2013 23:57 (IST)

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year.

New Delhi | May 21, 2013 23:26 (IST)

Srei Infrastructure Finance Ltd said on Tuesday that its board has approved to raise Rs 1,500 crore by public issue of debentures in one or more tranches during the current fiscal year.

Cork/Dublin | May 21, 2013 23:15 (IST)

Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the US Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

New Delhi | May 21, 2013 23:01 (IST)

Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, reported on Tuesday a standalone net profit of Rs 94.16 crore for the fourth quarter ended March, 2013.

New York | May 21, 2013 22:37 (IST)

India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court on Tuesday by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him.

New Delhi | May 21, 2013 20:34 (IST)

Real estate firm Prestige Estates Projects reported on Tuesday a more than two-fold jump in its standalone net profit at Rs 89.03 crore for the quarter ended March, 2013.

Chandigarh | May 21, 2013 19:50 (IST)

Dismissed workers of Maruti Suzuki Workers' Union demanded release of over 100 workers who were arrested by the Haryana Police on May 19 during a protest demonstration in Kaithal.

Mumbai | May 21, 2013 19:11 (IST)

Software exporter Tech Mahindra reported on Tuesday a 25 per cent increase in its consolidated net profit at Rs 377.24 crore for its fourth quarter that ended on March 31, 2013.

Mumbai | May 21, 2013 18:46 (IST)

Essar Energy Plc on Tuesday signed a $1 billion financial cooperation agreement with the China Development Bank and PetroChina International Co Ltd, according to a document seen by Reuters.

Mumbai | May 21, 2013 18:27 (IST)

Tata Group chairman Cyrus P Mistry hosted Chinese Premier Li Keqiang and his delegation at Tata Consultancy Services global development centre in suburban Goregaon East, Mumbai, on Tuesday.

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.

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.

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.

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.

San Francisco | May 21, 2013 11:44 (IST)

Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns.

Mumbai/Bangalore, United States | 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.