Software major Infosys on Friday lowered dollar guidance again for the fiscal 2016-17 on declining revenue in the third quarter (October-December) unlike its peer TCS, which posted robust growth for the same quarter. ....

According to the airline, the total order for 205 aircraft is worth $22 billion (Rs 150,000 crore) at list prices. ....

Global software major Tata Consultancy Services (TCS) on Thursday appointed Rajesh Gopinathan as its new CEO and N.G. Subramaniam as COO. ....

Natarajan Chandrasekaran, 53, who has spent some 30 years in the Tata group, will be the new Executive Chairman of Tata Sons -- the first non-Parsi to head the $103-billion global empire with a 148-year history, it was announced on Thursday. ....

India's factory output rose 5.7 per cent in November, the first month of the government's demonetisation drive, while retail inflation declined to 3.41 per cent in December from 3.63 per cent in the month before, official data showed on Thursday. ....

Nepal's tourism industry rebounded in 2016 after taking a big hit in the previous year by way of twin disasters-a devastating earthquake and crippling trade embargo. ....

Iraq on Thursday said it has cut oil production by 170,000 barrels per day and will cut it further in the coming days in line with the agreement reached between Opec and non-Opec members in Vienna last month. ....

A Moody's Investors Service-ICRA report on Thursday upgraded the outlook for the Indian power sector to "stable" over the next 12-18 months with a Baa3 positive rating, saying it reflects sustained improvement in domestic coal availability. ....

Taking cues from global markets the key Indian equity market indices opened higher on Thursday. ....

US officials on Wednesday indicted six executives of German automaker Volkswagen in the emission scandal with the company agreeing to pay $4.3 billion in fines, a media report said. ....