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 […]
Ultra HD TVs that offer four times the resolution of full HD TVs are likely to become more affordable in India this festival season, with local brand Videocon all set to hit the market. At present, Ultra HDTVs, such as the Sony XBR-84X900 (Rs 16 lakh) cost more than eight times what a similar full […]
Microsoft revealed the results of a startling study of the banking sector in India today. Conducted by Ascentius Consulting, the study revealed that some 34,115 Indian PSU bank branches are at risk, thanks to their reliance on Windows XP. Windows XP will no longer be supported by Microsoft beginning April 08, 2014, but the study […]
The latest index of industrial production (IIP) numbers indicate continued stagnation in the economy, Crisil Research has said. Numbers released today revealed that the the IIP grew at a slower pace of 0.6 per cent in August as compared to 2.8 per cent in the previous month. “Excluding the exceptionally high growth of over 25 […]
In what has to be the biggest Wikileaks revelation so far to hit the government, a cable written just before the 2008 trust motion against government gave lurid details of bribing of MPs. Here is the extract: “On July 16, PolCouns [Political Counsel of the US Embassy] met with Captain Satish Sharma, a Congress Party […]
India may be headed for its highest ever foodgrain production and it will further ease India’s external trade deficit, Deutsche Bank Equity Research India has said. It said India was heading for a record food production thanks to the abundant monsoon rains this year. “Based on our analysis of foodgrain production estimates of individual states, […]
