Money Matters - Simplified

Business

TCS Zooms to m-cap of $58.6 billion

Thanks to a combination of the sharp depreciation of the rupee and a significant spike in share prices of Tata Consultancy Services (TCS) in recent days, the India based company has leapfrogged to become the 2nd largest IT services company in the world by market capitalization.

Government equipped to shoulder Food Security Bill burden

India put an important step forward towards ensuring food to the scores of people reeling under the pangs of poverty when the Lok Sabha, the lower house of the parliament, gave the green signal to the Food Security Bill.

Mounting NPAs of Public Sector Banks Worrisome

The mounting loan defaults of public sector banks in India are a cause of serious concern.

ICICI increases base rate by 25 bps as rupee continues to slide

The effect of the fall in Indian rupee is being witnessed across the board. The bank interest rates are no exception.

Court directs social networking sites to adhere to Indian laws

The Delhi High Court has come down heavily on social networking behemoths Facebook and Google for infringing an Indian law.

Samsung’s Galaxy Gear coming in five colors: Report

Speculation has been rife over the past few months that Samsung Electronics Co. is ready to launch a wristwatch-like device named the Galaxy Gear that can make phone calls, surf the Web and handle e-mails.

Future Ventures to offload its stake in ‘And Designs’

Kishore Biyani promoted Future Ventures is reportedly in advanced talks with General Atlantic, a private equity fund to off load its 22.86 percent stake in apparel maker 'And Designs India Limited', the brainchild of renowned designer Anita Dongre, Meena Sehra & Mukesh Sawlani.

Business News : India May Become 5th Biggest Market for Coca-Cola by 2020

Soft-drinkers manufacturer Coca-Cola has ambitious plans so far as its Indian operations are concerned.

Currency fall spooks markets! Big companies loss or gain?

The top echelons of India Inc can rest in peace, the plunging rupee may spare them some wakeful nights! The currency dip may have scared the daylights out of most people and the markets, but the influential and the big companies lie cocooned!

Infosys promotes 3 senior executives as its eyes turnaround

India based software has announced that it has promoted three senior employees; Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan with immediate effect.