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Obama’s tax plan weighs on Indian IT vendors
It could hurt US firms with captives here. New Delhi/Bangalore, May 5 The changes being proposed by the US to its tax code could eventually lead to a squeeze on the margins of Indian IT service providers, as also force some American tech firms ...
Maytas Infra draft debt recast scheme ready
SBI Caps to fine-tune the package in discussion with 17 lenders. New Delhi, May 5 Maytas Infra Ltd said on Tuesday that it has worked out a draft Corporate Debt Restructuring (CDR) plan, which will now be fine-tuned by consultant SBI Caps after ...
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On India tour: The former...
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TODAY'S PICK (Latest Audio: English/Tamil)
GMDC (Rs 58.40): Buy
We recommend a buy in the Gujarat Mineral Development Corporation (GMDC) stock from a short-term perspective. It is apparent from the charts of GMDC that it has been on a medium-term uptrend since the March low of Rs 31. The stock has ...
Day Trading Guide
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IT cos recall employees from ‘virtual bench’
Mastek has reinstated around 40; Hexaware about 50. Mumbai, May 5 Mastek and Hexaware Technologies have collectively recalled nearly 90 employees from the ‘virtual bench’ that each company had created for its non-billable ...
Kolkata businessman is alleged co-conspirator in Rs 71,000-cr tax evasion case
Pune, May 5 Kolkata-based businessman Mr Kashinath Tapuriah, who has been named by the Union Government as an alleged co-conspirator in a case that involves stashing away of nearly Rs 1,20,000 crore in overseas banks, is the brother of the ...
L&T inks pact with EADS to invest in defence biz
Rs 2,000-cr investment over next three years planned. Mumbai, May 5 Larsen and Toubro has tied up with Europe’s EADS Defence and Security division to form a joint venture company for defence electronics ...
Mutual funds’ asset base swells 11.5% in April
Banks, corporate houses help in inflows. Mumbai, May 5 The mutual fund industry has recorded an 11.5 per cent growth in asset base in April, most of it due to large inflows from banks into short-term liquid ...
Sugar prices may stay high despite weak demand
Tight supply-demand situation seen on lower output. Mumbai, May 5 Sugar prices may continue to rule high in the ensuing monsoon season despite the projected fall in demand from cola and ice-cream makers. Sugar production is expected to drop to ...
Outbound travel to US, Europe may be hit, say travel agents
SWINE FLU IMPACT. Bangalore, May 5 Though it is too early to gauge the impact of the swine flu on the travel industry, it’s the timing of this ‘pandemic scare’ that has irked travel ...
Realty rally surprises analysts
Indiabulls Real Estate says preferential warrants to promoters have lapsed. Mumbai, May 5 Realty stocks continued their upward journey on Tuesday as the sectoral index on the BSE surged 8.45 per cent even when the Sensex ended on a flat ...
IPL: Prime time ratings deliver but weekend viewership dips
Prime time ratings continue to deliver higher than the afternoon ...
Medium term uptrend in rupee
Rupee reversed from the trough of 50.5 against the dollar and rallied to 49.3. Deluge of foreign institutional inflows of over $1.3 billion in the month of April helped the currency move higher. Weakness in dollar was the other factor that ...
Rains seen building from South in 10 days
Thiruvananthapuram, May 5 The prevailing western disturbance has brought in its wake scattered rain, thunderstorms and dust storms over northwest India during the past 24 hours further denting the mercury ...
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