Washington/Bangalore: Indian tech honcho Phaneesh Murthy was Tuesday sacked as chief executive of US-based software services company iGate Corporation "for not disclosing a relationship with a subordinate", over a decade after he was forced to quit Indian IT bellwether Infosys…

Mumbai: A benchmark index of Indian equities markets closed Tuesday's trade more than half a percent down owing to continued profit-booking.Scrips of automobile, bank, health-care, oil and gas, public sector undertakings (PSUs) and realty companies plunged.However, there was healthy buying…

New Delhi: Qatar National Bank (QNB), one of the Gulf region's largest lender, Tuesday said it will set up a fully-owned subsidiary in India and start operations in the third quarter of 2013.The Doha-headquartered lender said it has received “all…

New Delhi: Vodafone India, the second largest mobile operator in the country clocked Rs.35,600 crore revenue for financial year 2012-13, a 10.6 percent rise, a top company official said here Tuesday.“While ending the year our customer base was 152.4 million,…

Mumbai: FMCG major CavinKare Pvt. Ltd. has roped in cricketer Ravichandran Ashwin as brand ambassador for its new dairy product Cavin’s Milkshakes.Ashwin will also endorse the entire range of dairy products under the brand.Speaking on the association, joint managing director…

Bangalore: iGate Corporation sacked its chief executive officer Phaneesh Murthy on the charges of sexual abuse by a woman employee, the US-based IT major said Tuesday."The decision to terminate the employment of president and chief executive Phaneesh Murthy was made…

Kolkata: The city-based Jain Group is planning to build affordable housing projects across four east Indian cities, covering five million square feet of space at an investment of about Rs.2,000 crore by 2014-end.The real estate firm is currently developing eight…

Mumbai: A benchmark index of the Indian equities markets was trading nearly 0.30 percent down in the pre-afternoon trade Tuesday owing to negative foreign cues and continued profit-booking.There was healthy buying spree in IT, technology, media and entertainment (TECk) and…

New Delhi: India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.Ambani, who…

Kolkata: MP Birla group flagship Birla Corporation Monday reported a 26.40 percent rise in its net profit to Rs.72.63 crore for the quarter ended March 31, 2013, from Rs. 57.46 crore during the same period a year ago.During the fourth…