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Infosys Q3 net rises 33% on higher earnings growth
Muted guidance for March quarter; next 12-18 months challenging. Bangalore, Jan. 13 Defying the economic slowdown, Infosys posted better-than-expected earnings growth for the December quarter aided by a weaker rupee and improved operational ...
Heat now turned on Price Waterhouse
CID looks for evidence, documents relating to Satyam at auditor’s offices. Hyderabad, Jan. 13 With the key players in the Rs 7,136-crore financial fraud at Satyam Computer Services – the Raju brothers and the CFO, Mr V. Srinivas ...
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Strong business model: Mr...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cairn India (Rs 152.95): Sell
We recommend a sell in Cairn India stock from short-term trading perspective. It is clearly visible from the charts of Cairn India that it has been on a long-term downtrend from its May 2008 high of Rs 342 (its 52-week ...
Day Trading Guide
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‘Regulators must have say on auditors for MFs, insurers’
Auditor choice should be patterned on public sector banks model, says ICAI. New Delhi, Jan. 13 Call this the Satyam effect. The regulators of mutual funds and insurance industry – the Securities and Exchange Board of India and the ...
Reliance KG gas at $4.2: Govt
Mumbai, Jan. 13 Natural gas from the Reliance Industries-controlled KG block would be available to all private and public sector at a price not less than $4.20/mmbtu, which has been fixed by the Government, said Mr Mohan Parasaran, ...
Govt may allow foreign airlines to take minority stake in domestic carriers
New Delhi, Jan. 13 Foreign airlines may soon be allowed to pick up a minority stake in domestic ...
Satyam case referred to Serious Fraud Office
Govt asks the body to submit report in three months. New Delhi, Jan. 13 Getting a clear indication of serious financial irregularities by the erstwhile management of Satyam Computers Services Ltd, the Government has referred the matter to the ...
TCS bags chunk of World Bank projects serviced by Satyam
New Delhi / Mumbai / Bangalore, Jan. 13 Tata Consultancy Services (TCS) has clinched a “significant” portion of World Bank contracts that were previously serviced by Satyam Computer ...
Infosys bullish, to exceed hiring target
Estimates recruitments to go up to 27,000 by March. Bangalore Jan. 13 Bullish on long-term prospects, Infosys is gearing up to bid for any opportunities that are likely to come up while tracking the economic revival in major markets such as the ...
Infosys parking funds with public sector banks
Chennai/Bangalore Jan. 13 A couple of weeks ago, while waiting in a queue at a wedding reception, one asked the owner of a small and medium scale enterprise about whether he was getting the benefit of lower rates. He didn’t think he ...
Satyam staff: The smiles are back, nervously
Hyderabad, Jan. 13 After a week of shock, scepticism and anxiety, the smiles are back on the faces of a lot of Satyamites, albeit with a bit ...
Mahindra unveils multi purpose vehicle Xylo
It costs between Rs 6.24 lakh and Rs 7.69 lakh. Nashik, Jan. 13 Utility vehicle major Mahindra & Mahindra launched its multi-purpose vehicle Xylo at its Nashik plant on ...
Satyam: Truth in trickles
So, the muck is gradually beginning to filter out of Satyam. The ex-CFO, Mr Srinivas Vadlamani is, as they say, singing in custody and spelling out murky details. We appear set for a long, agonising period ahead as the scandal unravels, piece ...
Rupee under pressure (Latest Audio:English/Tamil)
Rupee was unfazed by the Satyam scam that exploded last Wednesday, dragging the Sensex 750 points lower. It did not budge beyond the narrow range within which it has been moving since Christmas. Easing crude prices and muted FII activity ...
Cement cos buoyed as imports from Pakistan dry up
Countervailing duties make imports costlier. Mumbai, Jan. 13 Cement companies heaved a sigh of relief with imports from Pakistan almost grinding to a halt after the Government imposed a countervailing duty on ...
Banks urge RBI to relax asset classification norms
Fear higher provisioning on account of NPAs could affect profits. Mumbai, Jan. 13 Banks have moved the Reserve Bank of India to temporarily relax the asset classification norm in view of the severe downturn in the country’s economy. ...
US worried over Cotton Corpn’s purchases
Fears disposition of stocks will hit exports, prices of its produce. Chennai, Jan. 13 The Centre’s move to procure cotton from the farmers through Cotton Corporation of India is worrying ...
N.India may get rains from Thursday
Thiruvananthapuram, Jan. 13 A slow-moving western disturbance with an induced cyclonic circulation in tow is expected to enter northwest India and buffet the western Himalayas with moderate to heavy snowfall/rainfall over five days ...
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