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Nadella writes to Microsoft staff, hints at lay-offs in phone units

Announces restructuring of phone business that will produce impairment charge of approximately $7.6 bn related to assets associated with acquisition of Nokia Devices and Services business

YES Bank raises Rs 554 cr in Basel-III bonds

The management said the capital had been raised to augment the bank's capital base and to employ it for growth

Bank credit down by 2.5% in April-June quarter

Bankers say the credit growth in the first quarter is usually tepid on account of low economic activity

FII holding in Indian insurance promoter not part of total FDI

Foreign equity investment cap of 49% is applicable to all Indian insurance companies as per earlier definitions by FIPB in their rules in Feb 2015

Metal stocks crack on commodity slump

BSE Metal Index fell nearly 4% after iron ore, copper and aluminium, among others saw softening in prices

GI dispute : Patiala growers join legal tussle at IPAB

The association says the GI should be allowed based on the geographical area where basmati grows naturally

Metropolitan SE rights issue garners Rs 75 cr

Falls short of the targeted Rs 120 crore; issue closes today

CII to assist Odisha for 'ease of doing business'

CII is in talks with each state in the eastern India to formulate laws and procedures so that things can move fast

KIOCL, MECL sign MoU for joint exploration of mineral assets

Both PSU firms will jointly deploy mining & mineral exploration experts to undertake mining and detailed exploration of minerals in various states

Entrepreneurship Cell IIT Kharagpur presents Empresario 2016

Empresario accepts business ideas in all fields which include Product and Service, Product Design and Social categories

RIL concludes EFS Midstream sale

Reliance received gross cash consideration of $574 mn towards the first tranche of sale proceeds

Captive status unlikely for Tata's chromite mine

Panel to soon recommend extension of seven mines

Honda drives the Jazz again; entry price at Rs 5.31 lakh

Entry price fixed at an aggressive Rs 5.31 lakh to take on Swift, Elitei20

Brazil Suspends Drug Ingredient Import From Lupin

Firms says develpment won't impact revenue; supplies to resume in September from another plant

China billionaires Jack Ma & Wang Jianlin lose $800 mn in meltdown

Business tycoons from mainland and Hong Kong collectively see $34 billion shaved off their personal wealth in the worst monthly market slump in two years

Sistema appoints Bijender Yadav as Chief Technology Officer

Yadav will be responsible for overall network strategy and operations for company

Uninor launches contest for mobile app developers

Telenor's India unit is looking to set up its own mobile application store

Video of Indian grandfather saving baby's life from speeding train goes viral

The 62-year-old saved the baby before running off the track, saving his own life

Infosys wins multi-year deal from Deutsche Bank

Company doesn't disclose value or tenure of agreement

Jaguar Land Rover launches 'collector's' range of lifestyle products

The collection includes clothing, gifts, accessories and luggage items