S V Krishnamachari

Articles by S V Krishnamachari

S V Krishnamachari has about seven years of experience in journalism and has been writing on various topics such as politics, healthcare, business and legal affairs. At IB Times, he tracks stock, currency and bullion markets; covers developments at banks, financial institutions and mutual funds and occasionally writes on the intersection of politics and business.

Follow : @S V Krishnamachari Email : editor@ibtimes.co.in

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Three directors of Bombay Rayon Fashions allegedly misappropriated Rs. 1.90 crore belonging to their employees' provident fund.

Apr 21, 2016

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

State-run Dredging Corporation of India is expected to benefit from initiatives such as "Sagarmala" and "Clean Ganga."

Apr 21, 2016

TCS added more employees than Wipro and Infosys put together in FY16

Tata Consultancy Services Limited added 34,187 employees on a net basis, more than 17,857 by Infosys and 14,695 by Wipro in 2015-16.

Apr 21, 2016

Bank deposit growth rate in FY16 falls below five-decade low

Bank deposits grew 9.72 percent as on April 1, 2016, year-over-year, lower than the five-decade low of 9.9 percent as on March 18, according to the RBI.

Apr 21, 2016

Generali Future Generali India Insurance Company

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Future Generali India Insurance has tied-up with 10 banks in Maharashtra to tap the growing insurance segments.

Apr 20, 2016

Rupee gains for second straight day

The Indian rupee gained 33 paise on Wednesday to close at 66.23 to the US dollar on sustained selling by bankers and exporters.

Apr 20, 2016

Steel production World Steel Association

World steel production plunges 3.6% in the first three months of 2016

The three-month steel production in 2016 was 385.67 mt, down from 400.27 mt in the corresponding period of 2015, according to World Steel Association.

Apr 20, 2016

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Bengaluru-based Wipro announced its fourth-quarter and annual results for 2015-16 on Wednesday, including a share buy-back programme.

Apr 20, 2016

wipro q3, wipro q3 results, wipro share price, wipro interim dividend, wipro t k kurien retires, wipro it revenues, wipro q4 guidance

Wipro announces decision to buy back 40 million shares

Wipro informed stock exchanges on Monday about the decision to buy back the shares for an amount not exceeding Rs. 2,500 crore.

Apr 20, 2016

Sugar production declines 2 million tonnes in India during October-April

India, the world's second-largest sugar producer, produced 24.3 million tonnes during October 2015-April 2016, down 8 percent (YoY).

Apr 20, 2016

Tata Steel's Port Talbot chief launches management buyout

Stuart Wilkie, the managing director of Tata Steel's Port Talbot operations, is "seeking contribution of up to Â£10,000 from interested employees," Sky News reported.

Apr 20, 2016

RBL Bank opens dedicated branch in Bengaluru for start-ups

The branch will offer start-ups a range of banking services and help in tax and legal compliance through partners, RBL Bank said.

Apr 19, 2016

taj mahal tourism in india incredible india FTA

Foreign tourist arrivals up 12% in March

During the month, 8.17 lakh foreign tourists visited India as compared to 7.29 lakh in March 2015.

Apr 19, 2016

Maharashtra may halt water supply to breweries in Aurangabad from May

The Maharashtra government will review on April 30 the 20 percent water supply cut to breweries and distilleries till the end of the month.

Apr 19, 2016

Sequoia Capital denies link with Aircel-Maxis case, says ED searches were for investments in Vasan Healthcare

Sequoia Capital allegedly misused India's foreign direct investment policy, CNN News 18 reported.

Apr 19, 2016

gold bars, gold prices, trump policies, strong us dollar, gold demand, gold consumption

Gold imports plummet 80% in March due to strike by jewellers

Shipments of gold into India plunged for a second straight month in March to $972.96 million after an 85 percent surge in January.

Apr 19, 2016

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Mumbai-based TCS reported net profit of Rs. 6,341 crore and revenues of Rs. 28,449 crore for the March 2016 quarter.

Apr 18, 2016

India Petrol fuel consumption petrol station fuel station

Fuel consumption in India rose to 8-year high in FY16

The spurt was caused mainly by a fall in average retail prices of petrol, diesel and jet fuel, mirroring falling crude oil prices globally.

Apr 18, 2016

Infosys leads Sensex rally; Nifty closes above 7,900

Bengaluru-based Infosys spurted more than 8 percent on Monday in response to its upbeat fourth quarter results declared on Friday.

Apr 18, 2016

Income tax arrears tax collection tax filing PAN

India expediting efforts to collect $117 billion in tax arrears

However, only about 15-20 percent of $117 billion is "realistically" recoverable, Reuters reported, citing a tax department official.

Apr 18, 2016

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Articles by S V Krishnamachari

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

TCS added more employees than Wipro and Infosys put together in FY16

Bank deposit growth rate in FY16 falls below five-decade low

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Rupee gains for second straight day

World steel production plunges 3.6% in the first three months of 2016

Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 million

Wipro announces decision to buy back 40 million shares

Sugar production declines 2 million tonnes in India during October-April

Tata Steel's Port Talbot chief launches management buyout

RBL Bank opens dedicated branch in Bengaluru for start-ups

Foreign tourist arrivals up 12% in March

Maharashtra may halt water supply to breweries in Aurangabad from May

Sequoia Capital denies link with Aircel-Maxis case, says ED searches were for investments in Vasan Healthcare

Gold imports plummet 80% in March due to strike by jewellers

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Fuel consumption in India rose to 8-year high in FY16

Infosys leads Sensex rally; Nifty closes above 7,900

India expediting efforts to collect $117 billion in tax arrears

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'