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Wipro posts 18% rise in Q3 net; March quarter guidance cut
Weak rupee, improved operational efficiencies helped in Dec quarter. Bangalore Jan. 21 Predicting a grim outlook, Wipro Ltd forecast its lowest ever growth for IT services revenues for the March quarter due to delayed contracts in 2009. However, ...
Cos will have to disclose pledged shares: SEBI
Market regulator has not been able to question Ramalinga Raju yet. Mumbai, Jan. 21 Any pledge of shares held by promoters in their own listed companies must be mandatorily disclosed to the stock exchanges, the SEBI board decided on ...
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Tough times ahead: Mr Azi...
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TODAY'S PICK (Latest Audio: English/Tamil)
Oriental Bank (Rs 142.20): Sell
We recommend a sell in Oriental Bank of Commerce from short-term trading perspective. It is evident from the charts of the stock that it was on an intermediate-term uptrend between late October 2008 and early January (from Rs 109 to Rs ...
Day Trading Guide
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Sensex slips by 321 points on weak Q3 results
Obama’s speech fails to boost investor confidence; Asian, European markets trade in red. Weak global cues and disappointing third quarter results from Indian companies pushed domestic stocks down for the second straight day on ...
States pitch for special grant of Rs 20,000 cr
As VAT revenue growth falls. New Delhi, Jan 21 With the VAT revenue growth rate up to December this fiscal plunging to 12 per cent from trend growth rates of about 22 per cent in earlier years, the States are raising the pitch for ...
HDFC’s growth slows as wholesale lending drops
Gets more enquiries in January than in Nov-Dec. Mumbai, Jan. 21 Housing finance major HDFC Ltd has reported a 15 per cent increase in net profit after tax, at Rs 542 crore for the quarter ended December 31, 2008, against Rs 472 crore in the ...
It now pays to sell full-cream milk
Dairies make money marketing liquid milk in pouches. New Delhi, Jan. 21 A can of milk is a can of milk, whether sold as such or as the sum of ...
Truly independent directors, a rarity
If the board is in awe of the family executive, it makes it difficult for the board sometimes to ask tough questions.. The currently unfolding Satyam episode raises a challenge for analysts, shareholders and policymakers about how to distinguish ...
Satyam management restrained from selling properties
CLB directs officials to furnish bank, property details by Feb 20. New Delhi, Jan. 21 The Company Law Board (CLB) on Wednesday restrained the key personnel of erstwhile Satyam management from selling any movable and immovable properties. They ...
Genpact, Quatrro ‘interested’ in parts of Satyam biz
Assets pertain to engg design work, SAP practice. Its deep financial troubles notwithstanding, the buyer interest in Satyam continues unabated. BPO giants such as Genpact and Quatrro are said to be “interested in parts of ...
Satyamites lose health insurance cover
Co failed to pay Rs 30 cr renewal premium. Hyderabad, Jan. 21 Thousands of Satyam employees working across the country are set to lose their health insurance cover from today as the beleaguered IT giant has failed to renew the ...
M&M to drive speciality retailing biz via global brands
Stores focussing on infant care, maternity products to be launched. Mumbai, Jan. 21 Mahindra & Mahindra has decided to launch its own private label brands at its newly launched Mom & Me stores. It would also be bringing in a host of ...
Tata Motors launches pre-owned car business
Mumbai, Jan. 21 Tata Motors launched its certified pre-owned car programme, ‘Tata Motors Assured’. The used car business has been launched on a pilot basis through 15 dealers in 10 major cities across India. The cities are ...
Despite denials, Educomp continues to plummet
Co files complaint with Delhi Police to check rumours. Mumbai/Delhi, Jan. 21 The stock price of Educomp Solutions tumbled on the bourses on Wednesday for the second consecutive trading session, on the back of reports of questionable accounting ...
Cold wave ahead of fresh westerly system
North, northwest, central and east India is in the grip of a cold wave with the mercury plunging 1 to 3 deg Celsius from Tuesday's ...
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