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Infosys Q2 net jumps 49% to Rs 447 cr — Upbeat on full year outlook
DRIVEN by a strong volume growth, software major Infosys Technologies Ltd, beating its own and street expectations, announced a 49 per cent jump in its net profits on Tuesday to Rs 447.37 crore for the quarter ending September against Rs 300.98 ...
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SBI, LIC come together for funding infrastructure projects
THE country's biggest banker and the largest insurer have joined hands to provide adequate long-term finance to infrastructure projects . State Bank of India (SBI) and Life Insurance Corporation of India (LIC) on Tuesday signed an MoU, which ...
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Ordinance promulgated for corporatisation of SEs
The ordinance has also amended the Depositories Act and SCRA to align them with the amended SEBI Act, 2002.
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Patni set to acquire US firm Cymbal for $68 m
PATNI Computer Systems, through its US subsidiary, Patni Inc, has entered into an agreement to acquire a California-based IT services company, Cymbal Corporation, for $68 million, to be paid in cash and over a period of time. Cymbal ...
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Global hedge funds under home country regulation may get nod
AFTER the initial willingness shown by the Finance Ministry-Securities Exchange Board of India (SEBI) combine to tackle the might of global hedge funds, it is now time for adopting caution. The participation by global hedge funds in the Indian ...
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Merck effect: Pharma cos scan pain relief options
DOMESTIC companies that made and sold the arthritis drug rofecoxib are quickly scanning their pain relief portfolios to see how best to recover market space. Rofecoxib, a much-prescribed drug for the past two years, is now a market discard, ...
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Sensex declines further as bearish trend continues
CONTINUING the bearish trend witnessed on Monday, the benchmark indices declined further during Tuesday's trading. After opening on a firm note, both BSE Sensex and S&P CNX Nifty ended the day in the negative territory. The Sensex opened at ...
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Paging industry in death throes
For the first time, the quarterly report on the telecom sector brought out by the Telecom Regulatory Authority of India, has not recorded the status of the once thriving paging industry. The six surviving paging operators have also stopped ...
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