Microsoft, a long time back, wanted to buy ‘itsy-bitsy’ Facebook for $24 billion. In an interview with CNBC, former Microsoft CEO informed that he had approached Facebook CEO Mark Zuckerberg and also said that he never wanted to buy Twitter. Recalling that Zuckerberg had ‘said no’ and that he ‘respects it since you have to be a willing seller’.

MUMBAI: Wipro’s $500 million of cloud services company Appirio was not just to gain access to its cloud-integration business, it was also part of a bet that the IT industry would be disrupted the way cab-hailing company Uber disrupted the transport sector. Buried inside Appirio is a crowdsourcing platform for developers and data scientists called TopCoder. Clients contact the platform with their IT requirements and with a budget.

An Air India plane, carrying 108 passengers and crew members onboard, on Sunday made an emergency landing at the Indira Gandhi International airport in the national capital after its tyre burst while taking off from Udaipur.

The aircraft (Airbus 319 operating as flight no AI-472) took off around 7:20 PM from Udaipur's Maharana Pratap international Airport and just before it took to the skies, a loud bang was heard, officials said.

The Securities and Exchange Board of India (Sebi) (pictured) has said it has probed the activities of Sahara Q-shop and found these do not fall under purview of its Collective Investment Scheme (CIS) regulations. It has referred the matter to Maharashtra government for action under its investor protection laws. The reply came last week in the matter of a case filed in Allahabad High Court by IPS officer Amitabh Thakur and his wife Nutan Thakur.

Reliance Industries (RIL) is expected to continue with its momentum of double-digit gross refining margins (GRMs) for the next few quarters on the back of the winter effect and strong fundamentals, analysts say.

Reliance Industries (RIL) is expected to continue with its momentum of double-digit gross refining margins (GRMs) for the next few quarters on the back of the winter effect and strong fundamentals, analysts say.

Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business, three top lenders — ICICI Bank, Axis Bank and StanChart — have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.

The two Indian lenders — which together had an exposure of $1.5 billion — will get back nearly half of their money or about $770 million in cash while further $750 million of debt will get transferred to Rosneft-led consortium and Essar's ports and other businesses, according to the terms agreed upon by them.

Mumbai: Indian stocks dropped, with the benchmark gauge paring a weekly gain, as some investors sold lenders and energy companies after recent advances.

Reliance Industries Ltd., which has a 7% weighting on the S&P BSE Sensex, was the biggest drag on the gauge. The stock dropped 2.2%, the most in a week. Axis Bank Ltd. was the top loser on the Sensex, while a gauge of lenders capped its best week since July after Essar Group’s $13 billion deal with a group involving Russia’s Rosneft PJSC improved prospects for loan recoveries at local banks.

Chennai: Tamil Nadu governor Ch Vidyasagar Rao on Saturday visited Apollo Hospital, where chief minister J. Jayalalithaa is undergoing treatment, and was happy to note that she was “progressing well”.

Rao’s visit, the second this month, comes a day after the hospital announced that Jayalalithaa, admitted on 22 September after she complained of fever and dehydration, was interacting and progressing gradually.

State Bank of India (SBI) has advised its customers not to use automated teller machines (ATMs) of other banks for the time being for safe transactions following reports of the biggest-ever cyber security breach in the country’s banking system.

The bank is aiming at replacing around six lakh debit cards, which have been blocked by it as a proactive measure, within 10 days, a senior SBI official has said.“We have set an internal target of seven to ten days for issuing new debit cards to customers whose cards have been blocked,” said chief general manager (Kolkata Circle) Partha Pratim Sengupta.

Mirroring the subdued mood currently prevalent in the Indian IT industry, Wipro too posted flat revenue growth for the three months to September with net profit rising marginally due to cost optimisation measures and higher utilisation of its employees. Wipro’s net profit at the end of the second quarter rose 2.6% in dollar terms sequentially and the expectation for the December quarter is also muted, with the IT major providing a revenue growth guidance of 0-2%.

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