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Shikha Sharma is new MD and CEO of Axis Bank
P.J. Nayak quits in protest; bank posts 61% rise in net profit. Mumbai, April 20 The board of Axis Bank on Monday appointed Ms Shikha Sharma, Managing Director, ICICI Prudential Life Insurance Company, as the bank’s new Managing Director ...
TCS posts 7% rise in Q4 net profit; forex losses at Rs 192 cr
Mumbai, April 20 The current economic crisis coupled with losses related to forex hedging continued to weigh down the financials of Tata Consultancy Services, which reported a seven per cent rise in consolidated net profit for the three ...
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Pricing pressure: Mr S. R...
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TODAY'S PICK (Latest Audio: English/Tamil)
Voltamp Transformers (Rs 456.75): Buy
We recommend a buy in Voltamp Transformers from a short-term trading perspective. It is apparent from the charts of Voltamp Transformers that after recording a 52-week low of Rs 265 on March 9, it reversed direction triggered by positive ...
Day Trading Guide
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Negative inflation may pose dilemma for RBI on key policy rates
New Delhi, April 20 With inflation likely to turn negative before the month-end, the question, say some economists, is no longer one of whether to reduce the reverse repo rate, but by how much. This crucial policy rate – which is what ...
‘Satyam to continue as independent entity’
Tech Mahindra to announce open offer for 20% today. Hyderabad, April 20 Tech Mahindra, which has deposited Rs 2,910 crore to acquire 51 per cent stake in Satyam Computer Services, has said that it will allow Satyam to continue as an independent ...
Oracle acquires Sun Microsystems for $7.4 b
Complementary deal for both cos, say analysts. Bangalore/New Delhi, April 20 Business software vendor Oracle Corp inched a bit closer to rivals IBM Corp and Hewlett Packard Corp in terms of providing integrated software and hardware solutions ...
RBI survey lowers GDP growth forecast to 5.7%
Overall sentiment for all industries, except textiles, positive. Mumbai, April 20 The median forecast of real GDP growth, according to the Reserve Bank of India’s latest professional forecasters’ survey, for 2009-2010 has been ...
Global meltdown hits common carrier feeder services
Most operators face slump in cargo throughput. Kochi, April 20 The fast dwindling cargo movement being experienced in the global shipping sector on account of the prevailing economic meltdown has dealt a blow to common carrier feeder services ...
Intra-Congress feuds re-open in Delhi
Selection of replacements for Tytler, Sajjan Kumar. New Delhi: The Chidambaram ‘shoe-gate’ might have taken the Congress by shock but it proved to be a blessing in disguise for two Congressmen in Delhi — Messrs Ramesh Kumar and ...
Party manifestos seek to axe FDI in retail
New Delhi, April 20 The Bharatiya Janata Party and the Left might have different DNAs, but they are united in their opposition to foreign investment in the ...
Jet sees reduced demand for air travel industry
‘Not looking at market share, but profitability’. Hyderabad, April 20 Forecasting a reduced demand for air travel in the next 12 months, Jet Airways has said that it is conserving cash in times ...
US forecaster sees better monsoon rains
Thiruvananthapuram, April 20 India Meteorological Department’s (IMD) forecast of a 96 per cent-of-normal rainfall has prompted a leading US-based forecaster to revisit its own seasonal forecasts for the ensuing southwest ...
TCS’ numbers reflect slowing client IT budgets
BL Research Bureau The March quarter results of TCS broadly followed that of Infosys Technologies in as far as the revenues and profits decline on a sequential basis are concerned. Compared to the December quarter, the revenues fell 1.5 per ...
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