Sources said the spin-off, a joint venture company, was yet to be named.
The digital opportunity is not just tech opportunity, but an opportunity to reinvent client business model.
Firm evaluating options, could spend over $400 million.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
The launch kicks off a busy period for Waterloo, Ontario-based BlackBerry.
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
Not just e-commerce players, even spirits majors are banking on artificial intelligence and chatbots to offer newer, quicker, smarter services. Shivani Shinde Nadhe reports.
Monsoon is expected to be normal in June.
IT firm iGate is planning to revamp its go-to-market strategy
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
It is too early to say if we have seen the "final" bottom to these stocks in August 2013 or if another attempt to test them will be made before or just after elections, says Sonali Ranade.
Bidders eyeing parts of Canadian smartphone maker than the whole company, say sources
Rajeev Mehta says the slow beginning in North America was primarily on account of some health care clients, evaluating the impact of the Affordable Care Act before deciding on their technology spending.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
In India, however, the Nifty continues to climb a wall of worry as general elections loom, fiscal deficit surges and the current account deficit is barely under control following subdued gold and crude prices, says Sonali Ranade.
After taking over scam-hit Satyam, Techn Mahindra has made many structural changes in the latter to turn it around.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
ShopClues does 1.5 million transactions a month and claims to have 40 million monthly visitors.
A serial entrepreneur and author talks about the mistake he made as a first time entrepreneur and the lessons he learned from it.
As his personal wealth started booming, Mallya went on a buying spree.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
Industry analysts were broadly excited at the prospect, but sceptical that it could produce a working model at a mass-market price that soon.
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
The Budget has evoked mixed reactions from Silicon Valley investors.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Hoard cash. There will be plenty of time and opportunity at far lower levels, warns Sonali Ranade in her weekly Market Notes
A number of Xooglers are employing lessons and practices learnt during their stint at Google to branch out into innovative ventures.
Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of constant talks with optimistic proclamations, as details leaked out of the pact they were negotiating.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
An excerpt from Conde Nast India's Make In India magazine.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
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