IT Bellwether Infosys Technologies has reported a 6% sequential jump in dollar revenues and a 6.1% increase in net profits during the December quarter, in line with expectations. Year on Year, revenues jumped 28.7% and profits were up around 19%. Total revenues were $1.585 billion and net income was $397 million.
State run fuel retailers have increased price of petrol by around Rs 2.5 per litre, barely a month after a Rs 3 per litre increase in response to rising international crude oil prices. Petrol is likely to cost around Rs 63 per litre in Mumbai after the hike. The hike was prompted by a global […]
Environment minster Jairam Ramesh has hinted at a more considerate policy towards companies in his post-reshuffle stint in environment ministry. Using his special powers to over-turn a rejection of forest clearance to one of India’s biggest iron ore mines in Jharkhand on Wednesday, he said as a minister, he had to take a broader view. […]
The Prime Minister of India announced a reshuffle and reallocation of portfolios in his ministry. RTN gives your the new ministers and their new portfolios: CABINET MINISTERS: 1. Shri Praful Patel : Heavy Industries and Public Enterprises 2. Shri Shriprakash Jaiswal : Coal 3. Shri Salman Khursheed : Water Resources and additional charge of Minority […]
It was meant as an opportunity to find the middle ground between a worried industry and an activist environment minister, but the interactive function organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) only highlighted the conflicting positions of the two. While FICCI heavy-weight and JK Paper MD Harsh Pati Singhania pointed […]
The Prime Minister of India has denied media reports that the commercial arm of the Indian Space Research Organization (ISRO) has allocated a large chunk of prime satellite and ground spectrum to a private company for a few hundred crores of rupees. The ISRO comes under the Department of Space, currently under the Prime Minister […]
In what may be a hardsell, iBall has launched iBall Slide 3G 7334Q-10, a 3G dual SIM-enabled, 7-inch IPS display tablet at Rs 11,500. The tablet is a successor to the similarly priced dual-core iBall 3G 7334i. However, the improvements, besides in the processor, include quality of display (IPS) and 3G (on both SIMs). Ram, or […]
The technology of 3D “bioprinting” (the medical application of 3D printing to produce living tissue and organs) is advancing so quickly that it will spark a major ethical debate on its use by 2016, according to Gartner Inc. At the same time, 3D printing of non-living medical devices such as prosthetic limbs, combined with a […]
A new survey, conducted by C Voter in Delhi, seems to be showing that the mainstream media seems to have got it entirely wrong on how people saw Delhi Chief Minister Arvind Kejriwal’s protest outside the Parliament. Conducted last week, the survey that involved close to 5,000 people taken to represent the Delhi electorate, found […]
Persistent Systems reported another strong quarter, with 2.2% quarter-on-quarter growth in dollar revenue and 5.6% rise in profit after tax. The company, which provides software product related services, is one of the few that has lived up to Street expectations, especially in the mid-cap IT space. “We have delivered another strong quarter with 3.8% Q-o-Q growth in […]
MTNL, the telecom operator, will restrict its upcoming WiFi service to those of its customers who already have a landline broadband from the company. According to official information, MTNL will not be offering any WiFi connection as a new, or a standalone service. Instead, anyone who wants to make use of the WiFi service will […]
The recent monetary and fiscal policy tightening in India is likely to help India and Indonesia cope better with the impact of the upcoming withdrawal of the US Federal Reserve’s stimulus program, ratings agency Fitch said. India and Indonesia had seen their currencies swoon last year after commentary from the US indicated the Federal Reserve would soon […]
BSE’s upcoming platform for small and medium enterprises, BSE SME, has got its 45th stock listed today – that of Mumbai-based Suyog Telematics Ltd. Suyog had raised Rs 4.53 crore in its IPO at 25 per share on January 7. The stock listed today, and will be traded at a lot size of 6,000 shares, […]
Sessions Court Greater Mumbai today granted anticipatory bail to Michael Ferreira and stayed proceedings on the lookout notice issued against him earlier by the Economic Offences Wing of Mumbai Police in the QNET multi-level marketing company case. Michael Ferreira, who has been out of the country, had missed an earlier summons by the Mumbai police […]
Shares of Zensar Technologies Ltd are likely to fall on Wednesday as the company has reported a decline in both revenue and profit compared to the preceding quarter. The company, which provides outsourcing and IT services, said revenue fell 1% to Rs 594 crore, while net profit fell nearly 30% to 50.7 crore. The company […]
Untitled document No MOU SIGNATORIES 1 Urea Manufacturing Ministry of Industry of the Republic of Indonesia H.E. Mr. Mohamad S. Hidayat, Minister of Industry VS. Ministry of Chemicals & Fertilizers India H.E. M.K. Azhagiri, Minister of Chemical & Fertilizers 2 Development of Industrial Complex Based on […]
As Western governments are cracking down on those who use unprotected computers to steal data and send spam emails, many of these ‘botnet’ networks have been successfully transplanted to countries such as India, according to Kaspersky Labs. While the US and Western Europe have fallen drastically as the areas from which spam and harmful viruses […]
India is likely to soon have one more auction for wireless broadband spectrum, according to sources in the Department of Telecom. The Department on Wednesday released details of how much spectrum is available in all circles across all the three categories of 2G, 3G and 4G or wireless broadband. Only wireless broadband has close to […]
The state-owned explorer ONGC claimed to have struck the first prospective shale gas deposit on Thursday. It said natural gas, trapped in shale rock deposits, flowed out from the Barren Measure shale in its first R&D well near Durgapur at Icchapur, West Bengal. “Though the well is still under assessment, the breakthrough is significant as […]
A year after promising a $1 billion loan to clean up the Ganga, the World Bank is in talks with India to fund new environment-related project, environment minister Jairam Ramesh said. “Our government is clear about the need to reflect and factor in ecological concerns into our growth process so that the benefits of growth […]
