Business

Banking, Financial Services Segment Ahead of Overall Growth: TCS

New Delhi: Allaying concerns regarding demand slowdown in banking and financial services (BFS) vertical, country’s largest IT firm Tata Consultancy Services (TCS) today said the segment continues to grow well and is “ahead of the overall company growth”. Yesterday, TCS’ rival Cognizant had given a bleak revenue outlook for the first quarter and 2016, citing a “soft start to the ... Read More »

Renuka Sugars Q3 Net Loss Narrows at Rs 46 Crore

New Delhi: Leading sugar refiner Shree Renuka Sugars today reported a narrowing of its standalone net loss at Rs 46 crore for the quarter ended December 31, 2015. The company had posted a net loss of Rs 90 crore in the same quarter last year, it said in a BSE filing. The net loss narrowed down due to increase in ... Read More »

Crisil Posts Rs 87-Crore Net Profit in Q3

New Delhi: Crisil Ltd on Tuesday reported a 23 per cent growth in net profit at Rs 87.05 crore for the quarter ended December 2015. The company had posted a net profit of Rs 70.79 crore in the October-December quarter of last fiscal. Consolidated total income during the quarter was up 18 per cent at Rs 385 crore, Crisil said ... Read More »

Snapdeal to End Contract With Brand Ambassador Aamir Khan: Report

Snapdeal will reportedly be ending its association with brand ambassador Aamir Khan, with his contract signed March 2015 set to expire soon. According to a recent news report, which cites unnamed sources, the company decided not to renew the contract as it is looking to reduce its advertising spend and focus on its products instead. Speaking to NDTV, the actor’s ... Read More »

Raghuram Rajan Says MNCs Too Are Responsible for Tax Rows

Mumbai: Blaming multinational corporations squarely for tax controversies, Reserve Bank of India Governor Raghuram Rajan on Thursday said their indulgence in avoidance and evasion results in prolonged legal battles. Addressing the issue of tax havens, Rajan wondered aloud as to what makes a bulk of intellectual property reside in Cayman Islands, quipping that no one has seen scientists in so ... Read More »

Tata Steel Edges Higher Despite Big Q3 Loss

Tata Steel took a one-time charge of Rs 711 crore on its European operations Tata Steel shares recovered, after falling 4 per cent on Friday, on hopes that the government would take steps to curb cheap imports in a bid to protect domestic steel manufacturers. Mumbai-headquartered Tata Steel had posted a net loss of Rs 2,127 crore in the December ... Read More »