Google said that second-quarter net income climbed two percent to $3.4 billion on an 11 percent rise in revenue to $17.7 billion.

The company said it had roughly $70 billion in cash and cash equivalents on hand. Shares of Google Inc rose nearly 12 percent as Web search leader’s profits beat forecasts for the first time in the last six quarters, boosted by strong advertising revenue. Google rallied to $673.50 in extended trading after closing at $601.78 on Nasdaq.

Debt-laden Air India plans to sell properties and land parcels worth nearly Rs 250 crore spread across three cities.

To monetise these assets of Air India, the Civil Aviation Ministry would soon be moving a Cabinet note.

On the expectations that the implementation of the 7th pay commission would give a boost to sale of passenger cars, shares of Maruti Suzuki rose to a record high of Rs 4,191 on Thursday, after foreign brokerage Credit Suisse, on Wenesday, increased the target price by 17% to Rs 5,100. Shares of Maruti Suzuki, on Friday opened lower at Rs 4,174.

The rise in the share price of Maruti Suzuki took its market capitalisation to a level higher than that of competitor Tata Motors.

To prevent money laundering and tax evasion through misuse of securities markets, leading stock exchange BSE has suggested removal of the long-term capital gains tax exemption on transactions in stocks.

The suggestion, made by BSE in a letter to the Finance Minister, follows a continuing crackdown by the capital market regulator Sebi on hundreds of entities found to have misused the stock market platform to launder black money and evade taxes, including through BSE's own SME trading platform.

Benchmark share indices which had ended at three-month closing highs witnessed profit taking in select financials capping further upside even as IT shares continued to trade firm. Further, rising concerns over weak monsoon in July also weighed on sentiment.

At 1:30PM, the 30-share Sensex was up 24 points at 28,470 and 50-share Nifty was up 5 points at 8,613.

State Bank of India (SBI) today said it plans to offer up to 3 per cent of annual profit to employees as part a talent retention and motivation initiative.

The bank has sought permission from the Finance Ministry in this regard, SBI Chairperson Arundhati Bhattacharya told PTI.

Apollo Hospitals Enterprise Ltd (AHEL), one of the leading hospital chains in the country, is planning to increase its capacity by around 25%. Currently, the hospital chain has 9,215 beds.

In a letter to the shareholders, AHEL's Executive Chairman Prathap C Reddy said Apollo will add another 800 beds across three new hospitals in the coming year.

After witnessing a pull in customer demand with the launch of the Zest, Bolt and Nano, India’s biggest automobile maker, Tata Motors, is set to make ‘strong’ investments in new products and technologies.

In his annual address as the chairman, Cyrus Mistry said, “Tata Motors’ strategy hinges on leveraging the long-term growth opportunity in the Indian automobile industry. India is forecast to witness multi-fold increase in motorisation. The company is strongly investing in product and technologies that would make it future ready and would also fuel international growth.”

Google launched its new Bluetooth Low Energy (BLE) beacon-based platform called as Eddystone. The platform is said to be a direct competition of Apple’s iBeacon tech.

BLE (bluetooth low energy) beacons are small battery-powered devices that use bluetooth technology to trigger actions when a compatible smartphone or tablet is nearby.

Mumbai: The Indian rupee on Thursday weakened against the dollar, tracking the losses in the Asian market.

The Federal Reserve chairperson Janet Yellen signalled the US central bank is on track to raise interest rates this year. Forecasts issued by the Federal Open Market Committee in June implied two quarter-point rate rises this year, followed by a shallower path of increases than what officials predicted in March.

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