Adopting a segregated brand and product approach to address both personal and commercial usage segments, Tata Motors has decided that only old car brands, starting with Indica and Indigo, will ply in taxi segment as it looks for a stronger presence in personal usage market.

The company, better known for its cars in the taxi segment, is trying to overcome a “unique social perspective (in India) that a brand which does well in the commercial market, nobody wants to buy for personal usage segment”.

Strong beat in Q4: Q4FY15 profit after tax of Rs 9.1 bn (+38% year-on-year) was better than expected with a beat on both lending and capital market businesses. For the lending business, not only is the revenue momentum picking up but also some of the fundamental metrics like CASA (current account savings account) and fee intensity performance is better than expected, and with buoyant capital markets we are finally seeing capital market profitability improving. We have nothing much to complain about; our only constraint remains rich valuations (3.4x FY17 book). Thus we maintain our Neutral rating.

BENGALURU: Wipro has revamped its internal training framework for employees and launched at least three technical training programmes over the past year to reskill its staff in newer areas of technology, especially digital, amid evolving customer needs in a rapidly changing technology landscape.

This is part of an organisational overhaul being undertaken at India's third largest software exporter by CEO TK Kurien with a focus on heavy automation of commoditised service lines and creating a leaner and multi-skilled workforce.

The S&P BSE benchmark Sensex today extended its last Friday's gains on positive global cues triggered by strong US jobs data amid China's decision to cut rates and was quoting higher by another 281 points at 27,386.53 in late-morning deals.

Positive overseas developments boosted the market sentiment. Strong US jobs data pointed to economic growth picking up amid China's move to lower interest rates by 25 bps over the preceding weekend for the third time in six months.

Shares of Bank of Baroda has moved higher by 12% to Rs 163 on the NSE after the state-owned bank said that the bank's assets quality improved during the quarter ended March 2015 on a sequential basis.

The percentage of gross and net non-performing assets ratios stood at 3.72% and 1.89% during the March 2015 quarter from 3.85% and 2.11% respectively in the December 2014 quarter, Bank of Baroda said in a statement.

Morgage lender Housing Development Finance Corporation (HDFC) has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

HDFC is ranked seventh on the list, compiled by business magazine Forbes, where American Express is placed on the top followed by Capital One Financial, Visa, Discover Financial Services and Orix in the top-five. Mastercard is ranked sixth.

NEW DELHI: Adding to a series of recent boosts for India's defence sector, Indian Navy's latest Naval establishment, INS Sardar Patel, was commissioned at Gujarat's Porbandar on Saturday. The base was commissioned by Gujarat chief minister Anandiben Patel.

According to the Navy, the commissioning of INS Sardar Patel would enable it to qualitatively augment its infrastructure and organisational effectiveness in Gujarat, which would improve coordination and synergy with other maritime agencies of the government.

MUMBAI: Markets endured immense volatility and unprecedented sell-off sessions by FIIs during the week, leading the benchmark Sensex and the CNX Nifty to log their multi-months low though it managed to accrue gains on hectic short-coverings on April 8 on government's move to soothe foreign investors' tax worries and the rupee rebound.

The week commenced strong, with investors taking fresh positions at the beginning of May contract on heavy sell-off in April series and the passing of Finance Bill, 2015.

To compete against Xiaomi and Motorola, now Chinese smartphone maker CoolPad is set to enter the Indian market and will soon set up R&D centre alongside a manufacturing plant in the country as part of the ‘Make in India’ campaign. The company has appointed former Flipkart executive, Varun Sharma as the India CEO. It will launch affordable smartphones under its Dazen brand and intends to sell its smartphones only through eCommerce websites.

The firm claims to own about 5,500 patents including dual-SIM and dual standby, but nature of the patents that are in the process of being filed locally are still undisclosed. It will sell smartphones in Rs 5,000-20,000 range under the Dazen brand. Also, the company wants to be among the top three online selling brands in India by December and number 1 in the segment with in 2-3 years.

The Founder and CEO of Future Group, Kishore Biyani is set to launch an app for Big Bazaar to give a competition to its eCommerce counterparts in India. This move is a price-cutting strategy that brick-and-mortar stores have been struggling to come to terms with.

Biyani in an interview stated, “We are launching a price-match offer where if you shop from us and anybody else is selling cheaper than us at that moment, we will automatically give credits in your account — anything online or offline.”

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.