Infosys Ltd reported an impressive set of numbers of Friday, sending not just its own stock, but also those of other IT companies such as Tata Consultancy Services Ltd, HCL Technologies Ltd, Wipro Ltd also up by 1-2%. But a closer look reveals that Infosys’ performance does not hold very bullish outlook for the rest […]
Warning against ‘agents of the Congress and the BJP’, the Aam Aadmi Party has called upon social activist Anna Hazare to give up his fast and join the electoral movement. “While expressing our full support for the cause for which Anna is fasting, we call upon him to give up his fast and join the […]
Bharti Airtel Ltd said it has raised a further 250 million euros (Rs 2,100 cr) by reopening an earlier bond issue, preparing itself for the upcoming spectrum auction. Airtel has already raised 750 mln euros from the bond issue in December. Bharti is expected to bid aggressively for spectrum in the coming auction, and has […]
While housing prices in some markets in the country may see a correction, overall, property prices are not in a bubble situation, Keki Mistry, CEO of the Housing Development Finance Corporation (HDFC) of India said. Mistry, leading one of India’s biggest housing loans provider, did not seem overly worried about the possibility of a correction […]
Loop Mobile has chosen the unexpected option of not participating in the upcoming spectrum auction, even though its spectrum and license will expire in November. That means the company is taking a big risk as the mobile operations were valued at about $0.8-1.0 billion in 2005 when it changed hands from long-time promoter BPL’s TPG […]
There seems to be no respite in the offing for India’s real estate sector at least during the first half of the calendar year 2014, believe majority of players in the realty sector, highlighted the ASSOCHAM survey. ASSOCHAM survey covered about 1,000 developers, real estate brokers and agents, property consultants and senior officials of various […]
HCL Technology’s 3% constant currency growth in revenue in the December quarter was slightly above estimates, as the market was looking at about 2.8% constant currency growth. Rupee revenue growth was 2.8%, also in line to slightly above estimates. The stock was up 2.8%. Depreciation of the US dollar meant that the 3% growth in […]
Buckling under accusations of large-scale diversion of funds and violence associated with the ‘food for work’ program, the Central government has warned states that it will not release funds unless allegations are probed in a timely manner. The National Employment Guarantee Scheme has been under the spotlight after an activist was killed by local level […]
Tata Consultancy Services reported a third quarter only mildly below expectations, but the stock is likely to see some profit booking on Friday. TCS reported dollar revenue growth of 3% quarter on quarter, missing average analyst estimates of 3.5%. Volume growth came in at 1.8% compared to expectations of about 2.25%. However a slight increase […]
One of the most powerful tablets in the market today, the LG G Pad 8.3 Google Play Edition – has been launched in India by shopyourworld.com at a price of Rs 30,000. The 8.3 inch tablet comes with a full HD display, a quad-core 1.7 GHz Krait 300 processor and 2GB RAM. The LG G […]
Cornering over one-fourth share of the total number of new jobs advertised on portals and newspapers, Delhi-NCR has emerged on top with over 1.39 lakh new jobs created during the calendar year 2013, industry body Assocham said, quoting an in-house study. The survey analysed the vacancies posted by about 4,500 companies via job portals like […]
Corporate and financial information provider Dun & Bradstreet said India’s GDP growth is likely to pick up pace in the new year, rising to 5.5% compared to its estimate of a 4.8% GDP growth in 2013. It also expects wholesale inflation to fall to around 5.8%. “Owing to the substantial moderation in the services sector […]
India’s Home Minister P Chidambaram felt a pang of guilt at trying to ‘usurp’ law and order responsibilities from the state governments through the formation of the National Intelligence Agency, according to the latest cable leaked by Wikileaks. According to the cable written two years ago, American officials said Chidambaram felt considerable trepidation and doubts […]
Idea Cellular has copied the post-pay plans of Bharti Airtel to announce a new flexible billing scheme for its customers. India, where over 95% of mobile subscribers are on prepaid schemes, has not found many takers for billing schemes, largely on account of a mutual distrust on the part of customers and operators about the […]
Jairam Ramesh has ordered the Orissa government to take action against Navin Jindal’s Rs 25000 crore project in Orissa that was cleared by him a month ago. He took the extraordinary decision after media reports that he had favored the Congress MP’s company by allowing it to take advantage of a circular that was in […]
ONGC Videsh, India’s government-owned overseas petroleum company, increased its stake in Block BC-10, a deepwater offshore block in Campos Basin of Brazil, by 12% to 73%, the company said, blocking a move by China’s Sinochem to buy a 35% stake in the block. The Campos Basin is considered a promising hydrocarbon reserve of the future, […]
With a view to counter the attractiveness of Reliance Communications’ emi scheme for Apple iPhone and clear out existing stocks, Samsung has also tied up with credit card companies and Ingram Micro to offer a unique buy-back guarantee scheme for its mobiles. Under the scheme, which also enables the user to buy Samsung mobiles on […]
Analjit Singh, Chairman of Max India Group, dispelled suggestions that he was not paid his due share when Britain’s Vodafone Plc increased its stake in the company’s Indian arm to 100%. Singh said his stake was routed through various companies that in turn had debt obligations. As such, he explained in a statement, the amount […]
Indian IT professionals are likely to earn less dollars per hour this year as some IT companies have opted to compete by passing on the benefits of rupee depreciation, DHL said, quoting Crisil Research. Billing rates are likely to fall to 74.7 dollars (Rs 4,600) per hour for onsite workers, while they are likely to […]
Tata Consultancy Services, which employs nearly 2.85 lakh people, said it would set up the world’s largest corporate training center in Thiruvananthapuram in Kerala, overtaking Infosys’s Mysore training campus in size. The 6.1 million square feet facility will be able to train 15,000 people at the same time. Infosys has a Rs 260 crore corporate […]
