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Business

Indian-US couple make $2 bn on sale of firm started with $2000

Syntel co-founders, Bharat Desai and his wife Neerja Sethi, have seen their rankings dive on the Forbes Richie Rich lists in the past few years. Desai, who was ranked the richest Indian-American in the World Billionaires list in 2014, came in at No. 1999 in the 2018 rankings. Similarly, Sethi ranked 21st on the magazine's list of America's 60 self-made richest women, down from rank 14 in 2015.


Equity market gains with Nifty closing over 11,000; rupee recovers from record low

 Hopes of political stability as the current government seemed confident of winning the trust vote in parliament lifted investor sentiments in the Indian equity market.


LATEST HEADLINES

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis


LoP Ashoka targets CM govt over corruption, says being 'shameless' in public life not forgivable


SIR in Gujarat: More than 17 lakh deceased voters found on electoral rolls


Russian President Putin says India, Russia collaboration not directed against anyone


SIT formed to probe second sexual assault case against expelled Cong MLA Mamkootathil


49 Indigo flights likely to be cancelled from Hyderabad


RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper


ED attaches fresh assets in PMLA case against Reliance Group; total attachment over Rs 10K cr


Man dies by suicide after jumping in front of metro train in Bengaluru


Red sandalwood worth Rs 1.75 cr seized, five held


Russia's Rosatom delivers nuclear fuel to Kudankulam plant


PM Modi presents copy of Gita in Russian to Putin




Weak rupee, global cues depress equity indices; rupee ends below 69 per dollar

Depreciation in the Indian rupee and domestic political uncertainty subdued the key Indian equity indices on Thursday.

EU slaps record $5 bn fine on Google, Pichai says will appeal

Accusing Google of illegally using Android mobile devices to strengthen dominance of its search engine, the European Commission on Wednesday imposed a record fine of 4.34 billion euros ($5 billion) on the tech giant, which said it would appeal against the decision.

Inflation, global cues depress equity indices; metal stocks slump

Rise in wholesale inflation rate and broadly weak global cues subdued the key Indian equity indices on Monday, with the Nifty50 on the National Stock Exchange (NSE) closing below the 11,000-mark.

RIL's market-cap re-enters $100-bn mark; shares hit 52 week high

Supported by a surge in share prices, stocks of Reliance Industries hit $100-billion market capitalisation (m-cap) mark on Thursday, for the second time after first reaching the landmark level on October 18, 2007.

Juventus online shop crashes hours after Ronaldo shirts put on sale

Juventus's online shop went down on Wednesday just hours after the Italian club released its new line of jerseys emblazoned with the number seven and the name of its latest signing, Portuguese superstar Cristiano Ronaldo, who has completed a $131.46 million transfer from Real Madrid.

Paytm launches forex services

Payments-wallet services provider Paytm on Wednesday said it has launched foreign exchange services in 20 international currencies.

TCS net up 23.5%, revenue up 15.8% in Q1

Global software major Tata Consultancy Services (TCS) on Tuesday reported Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, registering 23.5 per cent annual and 6.3 per cent sequential growth.

Equity indices rise on firm global cues; banking, auto stocks lead

The key Indian equity indices traded in the green on Tuesday afternoon supported the broadly positive global markets.

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