The benchmark BSE Sensex bounced back in style, bucking the sluggish global cues and were trading near the highs of the day in the early noon session.

At 12:21 pm, BSE Sensex traded 258.25 points up at 28,440.39. NSE Nifty traded 79.20 down at 8,608.65

NEW DELHI: Passengers used to stale fare on Indian trains may finally get some relief as some of the top fast-food chains in the country are boarding the band wagon. After pizza maker Domino's, American chicken restaurant chain Kentucky Fried Chicken (KFC), has tied up with the Indian Railway Catering and Tourism Corporation (IRCTC) to serve consumers on trains.

RBI Governor Raghuram Rajan today called on Finance Minister Arun Jaitley and is believed to have discussed various issues including current macroeconomic situation.

Rajan''s meeting with the Finance Minister comes ahead of the bi-monthly monetary policy to be announced on August 4.

After a long wait, Infosys, India’s second-largest information technology services company, seems to have finally achieved the kind of growth that had been eluding it for the past few years.

For the quarter ended June, the company reported seven per cent sequential growth in revenue, the highest in the past 15 quarters, even as it reported a decline in net profit and operating margin compared to the March quarter. The management has often argued that once growth returned, everything else would fall into place, whether it was profitability or attrition.

Microsoft Corp reported a $3.2 billion quarterly net loss, its biggest ever, as the company wrote down its Nokia phone business and demand fell for its Windows operating system.

The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year.

Idea Cellular, the flagship mobile company of the Aditya Birla group, reported a 28 per cent year-on-year (y-o-y) increase in net profit in the June quarter to Rs 930.8 crore. This was ahead of the Street's estimates of Rs 911 crore and driven by healthy growth in data and voice volumes. Profits were driven by robust growth in mobile data volumes. Sequentially, however, profits were down 1.16 per cent. The company said it has carefully studied the market for launch of 4G services and is expecting to roll out the upgraded services from January 2016 in 10 circles where it has bought licences.

Inexpensive smartphones and 2G subscriptions are expected to help boost Internet usage rates in India over the next two years, according to a new study by the Internet and Mobile Association of India (IAMAI) and KPMG. While city dwellers are quickly upgrading to 3G and 4G, slower but more affordable data plans will enable more people to get online.

IAMAI-KPMG estimates that there will be a total of 500 million Internet users (out of a total population of 1.25 billion) in India by 2017, up from a current number of about 350 million. According to the report, the number of mobile Internet users in two years will be 314 million.

New Delhi: Supreme Court threw out on Tuesday a last-minute appeal by Yakub Memon, the only person to be sentenced to death for a series of bombings in Mumbai in 1993, clearing the way for his execution this month after two decades in jail.

He is due to be hanged on 30 July.

Two months after it launched its new Google Photos service, Google is closing its predecessor Google+ Photos — that will start on August 1st, initially on Android, and soon thereafter on the Web and iOS. A prompt inside the Google+ Photos on Android is already suggesting the user to download the new Google Photos.

Google assures users that all their photos and videos will still be saved and available after they switch to the new, stand-alone Google Photos app. With the new app they will still be able to backup, edit, and share their photos and videos, with unlimited storage, automatic organization, and more.

Infosys’s founder and former chairman Narayana Murthy’s Catamaran Ventures has invested $5 million in payment solutions provider Innoviti Payment Solutions (IPS). The round also saw participation from Canada-based New India Investment Corporation. The company aims to utilize the raised funds to expand the company’s SME loans category as well as for marketing, product development and scaling its overall payments infrastructure.

Prior to this, Innoviti has received Rs 10 crore in January from investors including Tata Capital and a group of London and India based individual investors. Bengaluru-based firm was founded by Rajeev Agrawal, it counts Reliance, Titan, Indigo, Yatra, Walmart, Sikkim Manipal University, HDFC, ICICI, Axis and SBI among its clients.

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