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 […]
Flipkart has launched arguably the best convertible laptop-cum-tablet device in India – the HP Pavilion Touchsmart 11-H009TU. The Touchsmart 11-H009TU will compete against the Asus T100, which was launched two months ago. However, the two are quite different, though technologically of the same era. First, the Asus model costs only around Rs 33,000, while the […]
Snapdeal.com has launched a same day delivery service which will allow consumers to get products ordered from Snapdeal to be delivered on the same day. All orders booked by or before 1PM will be attempted to be delivered on same day, Snapdeal said. The move comes a month after Amazon India announced a next-day-delivery scheme […]
The bail plea of Prabhat Sharma, the Tata Steel official who has been booked for abetment to suicide, will come up for hearing in the Vasai sessions court on the outskirts of Mumbai tomorrow. The case was filed after Charu Deshpande, an ex-journalist who joined Tata Steel, committed suicide. It has been alleged that he […]
Vodafone Essar continues to hold on to its lead in the Mobile Number Portability statistics, according to the latest data shared by the Cellular Operators’ Association (COAI), the GSM interest group. Vodafone, which has been leading the list of ‘net gainers’ — operators who have seen more people join them than leave them — continued […]
Shopyourworld.com, a website that sells imported items in India, has become the first to launch Google’s Motorola Moto G smartphone in India, marking the return of the brand after a long hiatus. Motorola was once the number two mobile brand in India, ahead of Samsung and LG, and behind Nokia. However, the company, which was […]
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 […]
With bulk of the speculative activity around rupee value in the foreign exchange market ebbing away, the dollar value is not likely to go beyond 62-63 even after RBI withdraws the temporary measures like direct sale of dollar to the oil importing companies and FCNR swap facility, an ASSOCHAM paper on Rupee Rate has said. […]
Bhim Singh, head of the Jammu & Kashmir based National Panthers Party has come out in support of former army general, VK Singh, but demanded that any ‘secret’ funds used for influencing politicans be made public. He called the allegations against former Singh “politically motivated, mala fide and without substance.” The Indian Express had written […]
The Indian mutual fund industry’s month-end assets under management (AUM) posted its fastest month-on-month percentage growth since April 2013 and was up by nearly 12% to Rs 8.34 trillion (Rs 8,34,000 crore) in October. The rise in AUM was primarily due to total net inflows of Rs 663 bn with liquid / money market funds […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM) has called the government’s move to set up the seventh pay commission to look at increasing salaries of government employees ‘out of turn’. It warned that such a move would lead to pressure on the state governments and the private sector to increase salaries, leading […]
India’s exports kept up the pace for the fourth straight month by expanding at 13.5% -a 24 month high. Imports too declined in Oct’13, though the pace slowed down a little. Non-oil imports declined by 22.8%, with oil imports posting a marginal pick-up in growth. Cumulative trade balance was at $90.7 billion during Apr-Oct’13. “The […]
