NIIT Tech Q1 net profit up 35.5% at Rs 58.5 crore

Last Updated: Tuesday, July 14, 2015, 13:04

IT firm NIIT Technologies today reported 35.5 per cent increase in net profit at Rs 58.5 crore in the April-June quarter of 2015.

HCL Tech to acquire assets of US-based Trygstad

Last Updated: Monday, July 13, 2015, 22:04

Country's fourth largest software services firm HCL Technologies has said it will buy certain assets of Trygstad Technical Services in an all-cash deal.

TCS swears by digital tech, to train over 1 lakh employees

Last Updated: Friday, July 10, 2015, 00:21

Country's largest software exporter Tata Consultancy Services (TCS) Thursday said it's training over one lakh employees this year in digital technologies.

Sterlite Technologies eyes defence contract worth Rs 7,000 cr

Last Updated: Monday, July 6, 2015, 15:53

The optical fibre manufacturer is also connecting defence establishments in Jammu & Kashmir with high-speed optical fibres.

Sterlite to invest Rs 400cr, up optic fibre capacity to 30m km

Last Updated: Sunday, July 5, 2015, 15:10

Sterlite Technologies will invest up to Rs 400 crore on capacity expansion as it targets a major part of the Rs 72,000-crore BharatNet project.

Infosys to invest $10 mn in Irish start-ups, expand presence

Last Updated: Friday, July 3, 2015, 13:21

Infosys on Friday said it will invest USD 10 million (about Rs 63 crore) in Ireland-based start-ups that are developing disruptive technologies and is expanding presence there by setting up a unit in Dublin.

SC stays CERC order asking FTIL to transfer its shares of IEX

Last Updated: Thursday, July 2, 2015, 19:17

The Supreme Court on Thursday stayed the order of power sector regulator CERC asking Financial Technologies India Ltd (FTIL) to transfer all its shares of India Energy Exchange (IEX) to a trust demat account.

FTIL floats EoI to sell 23% stake in MCX-SX CCL

Last Updated: Friday, June 26, 2015, 19:17

Financial Technologies of India Ltd (FTIL) has begun the process of selling its 23 percent stake in MCX-SX Clearing Corporation in order to comply with market regulator Sebi's order.

KPIT Tech shares plunge 9.5%; company denies stake sale buzz

Last Updated: Thursday, June 25, 2015, 19:21

Shares of KPIT Technologies plunged 9.5 percent today amid reports of promoters selling stake and cancellation of dividend, even as the company denied such rumours.

FTIL signs new pact to sell 16.6% stake in IEX for Rs 357 cr

Last Updated: Friday, June 19, 2015, 14:18

FTIL is divesting its stake in IEX following the direction from regulator Central Electricity Regulatory Commission's (CERC) in May last year in the wake of the Rs 5,600 crore payment scam at FTIL's group firm NSEL.

News Corp raises stake in PropTiger to 30%

Last Updated: Tuesday, June 16, 2015, 17:24

"While India's real estate sector continues to work its way through challenging macro conditions, we remain very optimistic, not only about India's long-term potential but also about the management team of PropTiger in its ability to execute, rationally and deliberately," News Corp Senior Vice President, Strategy, Raju Narisetti who also chairs Elara's Singapore-based board, said.

Maruti Suzuki to bring in new green technologies to cut emissions

Last Updated: Thursday, June 4, 2015, 19:04

Car market leader Maruti Suzuki is planning to bring new green technologies, which could include parent Suzuki's mild hybrid system and downsized direct-injection turbo petrol engine to cut emissions by enhancing fuel efficiency.