The top corporate houses of the nation such as Maruti, Hero Honda, Airtel are thinking on diverting a huge amount of about $18bn for having ‘cost-saving technology’. This will involve buying hardware systems, software applications [...]
India Economy
S Ramadorai, who served TCS (Tata Consultancy services) as the MD and CEO of the software branch since 1996 is to step down. He will be replaced by Chadrasekaran. Chandrasekaran entered TCS as COO and [...]
Delhi Chief Minister Sheila Dikshit today informed that the government is considering a cut in the jet fuel prices. This would be a respite for sure, for the cash-starving Airline Industry. She was participating in [...]
With the proliferation of cash crisis in the real estate sector, Unitech Ltd, one of the prominent real estate companies in India, has rolled over Rs 500 crore from the sum of Rs 900 crore [...]
ITC which holds a diversified presence in large number of sectors and industries, today reported a net profit of Rs 903.21 crore in the third quarter with a growth rate of 9 percent. FMCG business [...]
With IT companies reporting appropriate results in the third quarter, Wipro Technologies- the third largest software exporter of India, today announced its third quarter results with a net profit of Rs 1003.9 crore. The company [...]
In an attempt to guard investors’ interests, a high-level committee has been asked by SEBI to recommend guidelines for PoA (power of Attorney). This is issued by investors in their brokers’ favor. The committee comprises [...]
With a view to revive the Tourism Industry that is experiencing big fallback due to the global slowdown, the Central Government has come up with a proposal for States to lower luxury tax on Hotels [...]
Anil Dhirubhai Ambani Group owned Reliance Communications along with telecom service provider Idea Cellular and 13 other prominent companies have been asked by the Advertising Standards Council of India to modify certain advertisement campaigns that [...]
The Indian rupee has managed to pare loses and is recovering from a continuous period of fall in recent week which saw it devalue against the US Dollar. The rupee incidentally stood at around 46.71 [...]
