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Wipro Q1 net grows 25% at Rs 908 cr
Muted growth forecast for Q2. Bangalore, July 18Wipro Ltd, the country’s third largest IT services provider, reported first quarter revenue marginally higher than what it had estimated. ...
RCom, MTN call off talks for deal
In a surprise development, Reliance Communication Ltd (RCom) said on Friday evening that the company and the South African telecom major MTN Group have mutually decided to call off their talks for a business deal. ...
‘MNC trying to scuttle deal with Daiichi Sankyo’
New Delhi, July 18 After blaming rivals for pulling down its share price earlier this week, pharma major Ranbaxy Laboratories Ltd on Friday alleged that a large global drug maker was trying to scuttle its deal with Daiichi Sankyo. ...
Corn prices seen gaining on continuing demand
Consumption as feedstock for ethanol production to pressure supply. Chennai, July 18 Continued strong demand for coarse grains, especially corn as feedstock for ethanol production, is likely to cast upward pressure on global coarse grain ...
Rains, price trends favour North in kharif sowing
West & South see shrinkage in acreage. New Delhi, July 18 With the monsoon playing truant south of the Vindhyas this time, a clear pattern pointing towards a regional divergence of agricultural fortunes is emerging. ...
Sensex gains more than mid, small-cap indices
Mumbai, July 18 The benchmark indices, the Sensex and the Nifty, moved up around 4 per cent on Friday prompted by a sharp fall in crude and lower-than-expected inflation numbers. ...
Satyam Q1 net up 45 pc
Revenues set to cross Rs 10,000 cr this fiscal. Hyderabad, July 18 Satyam Computer Services registered 43.20-per cent growth in software revenues and 44.77-per cent growth in net profit for the first quarter ended June 30, 2008 in comparison ...
Ministry relooking at ban on old foreign ships
Oil exploration cos worried about operations being hit. New Delhi, July 18 The Shipping Ministry is re-examining the Government stance of disallowing foreign flag vessels over 25 years to sail in Indian waters. ...
Tata Steel 1st quarter sales rise 11%
Mumbai, July 18 Tata Steel, furnishing figures relating to its India operations, said hot metal production at 1.387 million tonnes and crude steel at 1.253 million tonnes was higher by 3.2 per cent and 8.6 per cent for the first quarter of ...
UltraTech Q1 net profit rises 2 pc, sales up 10%
Export ban, input cost spike hurt margins. Mumbai, July 18 Hit by the 6-week cement export ban and high input cost, UltraTech Cement has reported a muted 2 per cent rise in net profit at Rs 265 crore in the first quarter ended June 30, against ...
Difficult times ahead, says Deepak Parekh
IDFC sees slowdown in infra growth. Chennai, July 18 Indian economy is “entering into difficult and dangerous times” with high inflation and high cost of funds, Mr Deepak Parekh, Chairman, IDFC Ltd, said ...
RBI moves forex assets to ‘safer’ avenues
Mumbai, July 18 The Reserve Bank of India appears to have shifted its foreign currency assets to safer investment ...
Helping rag-pickers to become entrepreneurs
GRAMEEN BANK INITIATIVE. Mangalore, July 18 After bringing rag-pickers under the banking network a year ago, the Dharwad-headquartered Karnataka Vikas Grameen Bank (a regional rural bank sponsored by Syndicate Bank) has now taken a step ...
Britannia to explore new international markets
Looking to export ghee to West Asia, Far East countries. New Delhi, July 18 With a plan to take its share of exports from the current 5 per cent to 10 per cent over the next few years, Britannia is exploring forays into new markets. The ...
Foster Wheeler in talks with BGR Energy for boiler manufacture
Collaboration could be joint venture or tech transfer. Chennai, July 18 Foster Wheeler Corporation, the global engineering and construction contractor and power equipment supplier, is in talks with Chennai-based BGR Energy for a possible ...
No TDS certificates for returns
The Central Board of Direct Taxes on Friday said that tax deduction at source (TDS) or tax collected at source (TCS) certificates are not required to be annexed to the income-tax returns to be filed with the Income-Tax Department. “Wherever ...
Market this week
On Monday the Sensex lost 191 points in the opening trade and touched an intraday low of 13,277.96 before closing at 13,330.51, down by 139.34 points from its previous close. Investors turned extremely cautious in the wake of the ...
Pacific typhoon pestering monsoon system
Thiruvananthapuram, July 18 A west Pacific typhoon named Kalmaegi raging over the past two days has been the latest drag on the Indian monsoon which finds a surge from the southwest coast faltering. ...
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