Business Daily from THE HINDU group of publications
Thursday, July 12, 2007
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Rupee impact: Infosys cuts earnings guidance
Q1 net profit up 34.5%; sequentially down 5.7% More

‘Rupee rise has hit our BPO margins’
Increased hiring to meet biz requirements More

Infosys long-term growth story intact
The first quarter earnings card of Infosys Technologies looks disappointing. Infosys is known to give conservative guidance and even such guidance has not been achieved this time around. But the numbers also show continuing business ... More

BSNL union gives 15 days time to resolve contract row
Even as it ended its one-day strike on Wednesday, the Bharat Sanchar Nigam Ltd (BSNL) employees union has given 15 days time to the Communications Ministry to resolve the cellular contract row. The Joint Forum of BSNL Unions said that ... More

GMR Infra setting up 2 teams to look for new projects
New Delhi, July 11 Fresh from its recent success in Turkey, GMR Infrastructure plans to set up two teams to look for business opportunities in energy, roads and airport projects in India and abroad, a senior company officer said on ... More

Dabur Foods merged with Dabur India
Expanding presence in wellness space More

Armed forces, a hothouse of talent to tap into
‘From engineering to logistics, industry could draw from a huge pool’ More

Stronger rupee likely to hit tea exports in H2
Shipments slip in May; South India production also drops More

Moody’s assigns stable rating for Indian banks
Robust macroeconomic environment continues to bolster financial performance More

‘Railways may have to change alignment for freight corridor’
To avoid building 873 bridges More

Adani mulls jt venture for LNG terminalling
User group as partner may get minority stake More

Morgan Stanley decision lays down guiding principles
Taxability of captive BPO operations More

Megasoft to acquire US firm for $65 m
Hyderabad, July 11 Telecom technology solutions provider Megasoft Ltd has concluded a definite agreement to acquire US-based Boston Communications Group, Inc (BCGI) in an all cash deal valued at $65 million.“The boards of both the ... More

Infy scouting for mid-sized buys to expand consulting
New Delhi, July 11 Even as the company remained mum on recent market speculation that it was mulling a bid for Paris-based Capgemini, India’s second largest software exporter Infosys Technologies today said it is actively scouting for ... More

Liquid funds, fixed maturity plans aid corporate treasury
Firm rates, absence of alternatives make short-term funds attractive More

‘Liquid Plus’, new attraction
While liquid funds and other products of their ilk reigned supreme for most of the fiscal, a tightening of liquidity – a phenomenon noticed at the close of the year – bank deposits to the fore.Corporates had pointed out ... More

A Muggle farewell
The world prepares to bid the Harry Potter book series goodbye much in the same style that it welcomed the other books – with discounts, carnivals and freebies. More

Rain belt shifts to signal weak monsoon phase
Thiruvananthapuram, July 11 Active rain belt is shifting to the Himalayan foothills in the east even as the existing low-pressure area over southeast Rajasthan and neighbourhood became less marked on Wednesday. Model predictions suggest ... More


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