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TCS has enhanced total pay packages of its top management personnel and board members by over Rs 1 crore — in the process giving a better hike to its incoming CEO than his predecessor.

Citigroup Inc. and insurance firms AXA SA and Aviva PLC, among others, have sold offshore computer-programming shops and other operations to companies in India over the past year, WSJ reports.

Sensex rose 97 points in early trade on Monday, extending its winning streak to the second session, on increased capital inflows by foreign funds.

Domestic passenger-car sales increased by 2.48% to 1,13,490 units in May from 1,10,745 units in the same month last year.

The Indian rupee quoted low by 18 paise against the dollar in early trade on Monday following weak Asian currencies and selling of the dollar by banks.

Domestic steel giants like JSW Steel and Jindal Steel and Power (JSPL) are considering increasing prices of their products following the firming global cues and the improvement in domestic demand.

Even after India raised concerns with EU, troubles of generic companies which export drugs to developing countries through Europe are far from over as seizures by Dutch customs still continue.

State-run Oil and Natural Gas Corp (ONGC) has bowed to the diktat of the petroleum ministry and approved higher investment in Cairn India’s Rajasthan oilfields.

Seeking to mitigate protectionist measures like visa restrictions being adopted by countries like US, the top Indian IT exporter, TCS, is looking to hire more local nationals in key markets.

Private sector lender HDFC Bank has revised India’s growth forecast upwards to 6.5% for this fiscal on the back of increase in demand and signs of recovery in industrial production.

Describing India as a “safe harbour” for foreign investors, ICICI Bank chairman K V Kamath on Sunday said the country’s infrastructure space alone would need $750 billion over the next three years.

The Supreme Court has issued notice to Vedanta group firm Sesa Goa, its subsidiary Sesa Industries and others on a plea filed by a minority shareholder alleging “criminal misappropriation and breach of trust” by the companies.

Enthused by improving market conditions, eight real estate firms including Unitech, Parsvnath and Sobha Developers are looking to raise more than Rs 25,000 crore together through sales of shares, mostly to foreign investors.

The airline and hotel industries have been hit hard by the global economic slowdown as corporates cut travel budgets.

Investors are back to what they do when the market is on a song – inundate their financial advisors with calls to find out the best way to get into the market.

Airbus says quite a few plane orders being deferred; Paris Air Show orders will be nothing like last year; Airbus sees more consolidation in airlines industry

Net profit of firms set to rise as consumer demand begins to pick up and most input costs continue to remain low

Driven by economic pressures, people are looking for creative ways to supplement their incomes

The trend, of venture capital firms looking at growth equity investments, including those in listed entities, is fast catching on. Traditionally such firms invest largely in early- stage companies