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TCS eyes double-digit growth in FY19 after Q2 net profit jumps 22.6%

TCS eyes double-digit growth in FY19 after Q2 net profit jumps 22.6%

Continuing with its growth story, Tata Consultancy Services, the country's largest information technology services company, met the Street's expectations for the September quarter's financial numbers.

And, for the first time after many quarters, it reported double-digit revenue growth in constant currency (CC) terms, apart from widening the profitability.

Oil, battered rupee: Mounting risks that are difficult for RBI to ignore

Oil, battered rupee: Mounting risks that are difficult for RBI to ignore

India’s headline inflation data may be subdued for now, but there are mounting risks that are difficult to ignore: a record-low currency, high oil prices, and a looming election that’s prompting the government to raise food prices to placate farmers.

Data due Friday evening will probably show consumer prices rose 4 per cent in September, according to the median of 35 estimates in a Bloomberg survey of economists.

Rupee continues recovery on easing oil prices, gains 38 paise against USD

Rupee continues recovery on easing oil prices, gains 38 paise against USD

Continuing its recovery, the rupee Friday strengthened 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency.

YES Bank up 6% on appointment of advisory firm Korn Ferry to find new CEO

YES Bank up 6% on appointment of advisory firm Korn Ferry to find new CEO

Shares of YES Bank have rallied 6% to Rs 255 on the BSE in early morning trade after the private sector lender appointed US-based headhunter Korn Ferry to assist the bank’s committee in its selection of the new managing director & chief executive officer (MD & CEO).

The bank had announced that it would find a successor to MD & CEO Rana Kapoor whose term was cut short by the Reserve Bank of India (RBI).

Air India flight with 133 on board brushes against wall at Trichy airport

Air India flight with 133 on board brushes against wall at Trichy airport

A Dubai-bound Air India Express flight with 133 people on-board brushed against a wall at the airport Friday, officials said.

All passengers are safe.

The plane lost contact with air traffic control officials and landed in Mumbai after around four hours, they said.

Facebook removes 559 pages, 251 accounts ahead of US mid-term elections

Facebook removes 559 pages, 251 accounts ahead of US mid-term elections

Facebook has removed 559 Pages and 251 accounts that consistently broke its rules against spam and coordinated inauthentic behaviour related to upcoming US mid-term elections.

Many were using fake accounts or multiple accounts with the same names and posted massive amounts of content across a network of Groups and Pages to drive traffic to their websites, the social networking platform said late on Thursday.

Govt raps CIL execs over production as coal availability remains a worry

Govt raps CIL execs over production as coal availability remains a worry

The government has told coal companies to immediately ramp up production even as it slammed their executives for not reviewing production regularly, as coal availability remains a worry.

The normative coal stock at power units — which used to be for 20-25 days — is down by half to 10-12 days. There are currently 10 units which have zero coal stock, 46 with just one-day stock and 31 with coal stock ranging from seven to 15 days.

SBI Gen Insurance bets on cyber protection, eyes 30% jump in premium income

SBI Gen Insurance bets on cyber protection, eyes 30% jump in premium income

The domestic cyber insurance market is slowly gaining traction, with India bracketed alongside the US and China as among the world’s most cyber attack-prone countries.

“Although the cyber insurance market is still miniscule, Indian corporates have started to show interest in such products and have realised the prospective threats emanating from cyber hacking,” SBI General Insurance managing director and CEO, Pushan Mahapatra, told Business Standard in Lucknow.

Microsoft pulls the plug on Minecraft for Apple TV

Microsoft pulls the plug on Minecraft for Apple TV

Microsoft investigated isolated reports of users missing files after updating. (Reuters)[/caption]Microsoft is pulling back support for its popular game “Minecraft” from Apple TV given the small number of people who accessed the game via Apple TV.

The decision went into effect on September 24, but no one really seemed to notice until this week, The Verge reported on Wednesday.

Air India revival package may be ready in a month: official

Air India revival package may be ready in a month: official

The Centre is likely to finalise a revival package for the ailing Air India in a month, a top official of the Civil Aviation Ministry said on Tuesday assuring “need-based” support to the debt-laden carrier.

Civil Aviation Secretary, RN Choubey also said the safety audit that the Director General of Civil Aviation ordered on domestic airlines “did not find any backlog of any safety steps that they should have taken.”

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