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Infosys Q1 net rises 20.7% on the back of falling rupee
Margins hit due to salary, visa costs; ‘cautiously optimistic’ in near term. Bangalore, July 11 Infosys Technologies Ltd reported a 20.7 per cent increase in first quarter net profit that beat estimates, partly helped by a ...
Cautious optimism is Infosys guidance
Challenges remain; client sentiment is down. Chennai, July 11 The negative sentiment in the West (triggered by the mortgage crisis in the financial services industry) still lingers, giving some cause for concern among IT services providers in ...
India’s rating may be downgraded, says S&P
‘Risks currently balanced despite low credit profile’. Mumbai, July 11 India’s sovereign credit ratings are under threat from factors such as rising fiscal deficit, rising inflation and widening current account deficits, said ...
Industrial growth slumps to 3.8% in May
Manufacturing, electricity generation pull down growth. New Delhi, July 11 Industrial output slumped to its lowest level in over six years during May 2008, growing 3.8 per cent on an annual basis as against a healthy 10.6 per cent growth ...
Inflation rise continues, touches 11.89%
New Delhi, July 11 Annual inflation, measured by the Wholesale Price Index, surged further to 11.89 per cent during the week ended June 28. ...
Fewer people fly in June; airports see dip in traffic
New Delhi, July 11 The large number of aircraft seen grounded at some airports in the country is but corroborated by the figures of Directorate General of Civil Aviation (DGCA) for ...
OECD indicators signal intensified slowdown
Data for China, Russia show continued expansion. Mumbai, July 11 Latest data (composite leading indicators) from the OECD secretariat signal intensified slowdown of economic activity among OECD members, mainly industrialised economies. ...
Rate hike looks certain; will it be on July 29?
Rising oil prices, inflation key challenges. Mumbai, July 11 With inflation touching 11.89 per cent for the week ended June 28, bankers and analysts expect a further hike in Repo rate or CRR by at least 25 basis points. However, opinion is ...
Maruti, Hyundai woo rival car owners
Inducements include upgrade offers, lower EMIs. Hyderabad, July 11 At a time when domestic automotive manufacturers are wooing car-owners with loyalty programmes and retaining them with sops and upgrades, two recent ads from Maruti and ...
Investor interest in uranium increasing
Focus on nuclear energy as coal, crude oil prices soar. Mumbai, July 11 Energy is the most critical input to fuel economic growth. With crude oil and coal prices rising to astronomical levels and no respite in sight anytime soon, attention is ...
Higher base price for 3G, WiMax auction proposed
Revised recommendations in line with DoT views. New Delhi, July 11 The Telecom Regulatory Authority of India on Friday proposed to raise the base price for operators participating in the auction for third generation mobile and broadband ...
Cotton acreage drops 38% on extended dry spell
Crop diversion sees higher coverage of maize, soya, groundnut. New Delhi, July 11 An extended dry spell across the peninsula has led to a 38 per cent dip in area sown under cotton during the ongoing kharif season. ...
ONGC enters 1st gas sales pact for coal-bed methane
Supply to Calcutta Compressor to begin year-end. Kolkata, July 11 Oil and Natural Gas Corp Ltd has entered into a firm pact for supply of gas to Calcutta Compressor and Liquifaction Ltd (CC&L) from its Jharia coal-bed methane field in ...
Infy nos dampen IT stocks
Marketmen expect similar show from other cos. Mumbai, July 11 The BSE IT Index erased its gains in early trading to shed almost 7 per cent on Friday, post the Q1 results of IT bellwether Infosys Technologies. All the scrips in the BSE IT index ...
Capital goods wilt on industrial data
Capital goods stocks fell on Friday after a drop in industrial output numbers for May was announced. While the overall IIP growth for May 2008 plummeted to 3.8 per cent compared with 10.6 per cent in May 2007, the capital goods sector grew by ...
Markets this week (Latest Audio:English/Tamil)
Political turmoil over the civil nuclear deal took centrestage this week, with both Left parties and the SP playing their cards close to the chest. Investors, driven by stop-go signals were evenly poised as the Sensex on Monday was up by ...
Disquiet in South drains rain surplus to 10%
23 meteorological sub-divisions register surplus-to-normal rainfall. Thiruvananthapuram, July 11 All-India area weighed rainfall surplus for the country as a whole until Wednesday (July 9) has more than halved week-on-week to 10 per cent ...
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