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Ex-Employee sues TCS for favouring South Asians in US
A former employee of Tata Consultancy Services (TCS) has accused India's leading IT services company of discriminating against American workers and favouring "South Asians" in hiring and promotion. In a complaint filed Tuesday in San…
TCS posts Net Profit of 13.5 percent in 2014-15
Tata Consultancy Services (TCS) has posted net profit of Rs.21,696 crore for the just-concluded fiscal 2014-15, registering 13.5 percent year-on-year (YoY) growth as per the Indian accounting standard.
In a regulatory filing to the stock…
Renault India targets 100,000 Unit Sales in 2015
The Indian subsidiary of French carmaker Renault S.A. is targeting sales of one lakh units in 2015, a company official said here on Thursday.
The company (Renult India) is also expecting its newly-launched multi-purpose vehicle and a…
BSE Sensex down 134 Points; Capital Goods Stocks Decline
A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (BSE Sensex) closed Thursday's trade down 134 points or 0.46 percent, as capital goods, healthcare and information technology (IT) stocks fell.
The wider…
Food Ministry to propose Hike Sugar Import Duty to 40%
The food ministry will recommend a hike in the sugar import duty to 40 percent to check falling prices of the commodity and enable mills to clear cane payments arrears, union Food Minister Ram Vilas Paswan said on Wednesday. Paswan was…
BSE Sensex down 36 Points; Banking Stocks drop
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, was trading 35.90 points or 0.12 percent down on Thursday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also trading 10.70 points or 0.12 percent down…
RBI refurbishes its Website for More User Friendly
The Reserve Bank of India (RBI) has refurbished its website to make it more user friendly and to reach out to the people through social media, a senior official said.
"This is the third time we are refurbishing our website based on…
Brocade investing $300 million in India for Tech Innovations
US-based networking products' major Brocade Communications Systems on Wednesday announced an additional investment of $300 million (Rs.1,870 crore) in India over the next five years for innovations in the technology hub here.
"We will…
Petrol Prices cut by 80 paise per litre, Diesel by Rs 1.30
State-run Indian Oil Corp on Wednesday said it has reduced prices of transport fuels effective midnight by 80 paise a litre for petrol and by Rs.1.30 a litre for diesel, both including local taxes in Delhi.
The price of petrol in Delhi…
New Asian Bank founding member-states finalised at 57
The number of prospective founding members of the China-proposed Asian Infrastructure Investment Bank (AIIB) was finalised at 57 on Wednesday after the names of seven more countries were approved, the Chinese finance ministry said.…