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Wipro to provide 35,000 books to needy children in North America

Wipro to provide 35,000 books to needy children in North America

India’s leading global IT company Wipro has said it will provide new books to tens of thousands of children in need across five cities in North America.

For this it has entered into a tie up with First Book, a non-profit social enterprise.

Tata Motors-owned JLR to invest $2 bn in Slovakia

Tata Motors-owned JLR to invest $2 bn in Slovakia

Tata Motors' Jaguar Land Rover will invest $2 billion to build a plant in Slovak Republic which will help create over 50,000 jobs, European nation's economy minister Vazil Hudak said.

"We are happy to inform you all that the first Indian company to invest in Slovak Republic is Tata's JLR. They will invest $2 billion in the first phase," Hudak was quoted as telling a industry meet yesterday.

ICICI Bank's mVisa service

ICICI Bank's mVisa service

Top private sector lender ICICI Bank today launched a mobile-payment solution based on 'mVisa' that will allow its customers pay for services using their smartphones.

The service, which can be used by customers who have installed an app of the bank's mobile wallet 'Pockets', works by scanning QR codes.

Ford goes beyond Make in India, will Design in India

Ford goes beyond Make in India, will Design in India

Global automobile companies Mercedes and BMW have been gung-ho on the government’s ‘Make in India’ initiative. Now, American carmaker Ford is giving Indian automobile manufacturing a new dimension — its India subsidiary is considering designing a new vehicle in the country.

The move will make Ford the first global automobile major to design a vehicle here. Typically, global carmakers with a manufacturing base in India collaborate with their global research teams.

Q2 earnings: Infosys margins may expand on revenue growth

Q2 earnings: Infosys margins may expand on revenue growth

Infosys is due to announce its earnings figures for the second quarter on October 12. For the first quarter ended June 2015, the company posted a consolidated net profit of Rs 3,030 crore, down 2.19 per cent, against Rs 3,098 crore in the sequential quarter ended March 2015. Net sales of the company jumped 7.03 per cent quarter-on-quarter (QoQ) to Rs 14,354 crore.

For the second quarter, market experts foresee revenue growth of over 6 per cent (in rupee terms) and net profit growth of over 12 per cent on a Quarter-on-Quarter basis (QoQ).

Pepsi set to end sponsorship of IPL

Pepsi set to end sponsorship of IPL

The cash-rich Indian Premier League will have a new title sponsor in its next edition after PepsiCo expressed its interest to terminate the association with BCCI.

The beverage giant is keen to walk out on the five-year title contract, due to expire in 2017, because of the cash-rich league bringing "disrepute" to the game. However, BCCI sources claimed that Pepsi wants to end the deal due to its dipping foreign interests.

Dadri lynching: Rajnath clarifies on PM Modi's silence; says centre have limited power in law and order issue

Dadri lynching: Rajnath clarifies on PM Modi's silence; says centre have limited power in law and order issue

Giving clarification on Narendra Modi's silence over the Dadri lynching incident, Union Home Minister Rajnath Singh on Thursday said that the prime minister has given him the responsibility and the Centre cannot directly interfere in this matter.

Speaking to the media, Singh said, "PM has given me responsibility. Even with Dadri, we asked the State government for a report and sent an advisory."

Telangana a magnet for e-commerce, retail, aviation companies

Telangana a magnet for e-commerce, retail, aviation companies

Telangana, India’s youngest state, is slowly becoming the go-to state in the south for big businesses. In attracting investments from industry majors, the state is giving tough competition to its neighbours, Andhra Pradesh and Karnataka.

In the past year, Telangana has become the favourite of major e-commerce, retail and aviation companies. While Amazon has one of its largest fulfilment centres in the state and is planning to open another, Flipkart has decided to set up its largest warehouse in Hyderabad. In its first major investment in India, Swedish furniture major IKEA has bought 13 acres near Hyderabad.

DLF promoters to sell 40% in rental arm

DLF promoters to sell 40% in rental arm

K P Singh and his family, promoters of India’s largest real estate company, DLF, will sell their 40 per cent stake in the company’s rental arm, DLF Cyber City Developers Ltd (DCCDL), to institutional investors. The stake is estimated to be worth Rs 12,000-14,000 crore.

A decision on the matter was taken at a meeting of the company’s board on Thursday, based on the recommendations of a committee set up to suggest ways to drive growth in the rental business. The business accounts for annual income of about Rs 2,400 crore.

RIL, ONGC share gas fields: Report

RIL, ONGC share gas fields: Report

Some natural gas from the fields of Oil and Natural Gas Corp (ONGC) in the Bay of Bengal might have flown out through the adjoining, connected KG-D6 fields of Reliance Industries Ltd (RIL), said a PTI report quoting US consultant DeGolyer and MacNaughton’s (D&M) preliminary observations.

Unconfirmed media reports on the development pulled down the RIL stock 2.7 per cent to Rs 889.15 on BSE on Thursday. The stock hit a low of Rs 886.6 at 3:15 pm, tumbling from its intra-day high of Rs 915.

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