The telecom companies approached the High Court seeking a stay on the CAG’s decision.
BSE Sensex had lost 438 points in previous three sessions, recovered by 77.57 points to 22,354.80.
Rupee strengthened by 10 paise to trade at 60.27 against dollar today on selling of the American currency by exporters.
‘We’re seeing a lot of traditional technology vendors struggle.’
‘Over 400 million people in India lack reliable access to energy.’
HCL’s results follow stronger-than-expected profits at Tata Consultancy Services, the No. 1 Indian IT services provider, and at No. 2 player Infosys.
Authorities have ruled out major stimulus to fight short-term dips in growth, signalling the slowdown was an expected consequence.
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday shortlisted nine fund houses to be appointed as the fund managers for managing the private sector funds within the National Pension System (NPS) and rejected the bid of HDFC Life. The insurer has, however, moved the Delhi High Court against the pension regulator’s decision. The […]
Kothari is currently the CEO of steel maker SAIL’s Burnpur plant in West Bengal.
The Sensex fell 0.92 per cent, or 207.70 points, to end at 22,277.23. The Nifty lost 0.86 per cent, or 57.80 points, to end at 6,675.30.
TCS shares closed 2.51 per cent down at Rs 2,195 ahead of the announcement of results on the BSE on Wednesday.
Mid-tier IT firm Mindtree posted a healthy growth in net profit for the last quarter of FY2014.
Tata Consultancy Services jump in net profit helped by growth in Europe, APAC and investments in digital tech.
A year after Diageo’s open offer to the public shareholders of United Spirits (USL) received poor response and mopped up a mere 58,668 shares, the company rolled out a new tender offer.
We have established partnerships in two of world’s most exciting markets – India, China: Tesco CEO.
Similarly, in February also, sales of utility vehicles were down 9.09 per cent at 43,507 units as against 47,859 units in the same month in 2013.
‘Chinese growth held up better than expected last quarter and there are signs that downwards pressure on growth has eased somewhat’
Bernanke says he has been very supportive of inflation targeting even before he became the US Fed chairman
Experts highlight that the management hinted at decline in revenues at its mid-quarter analyst meet last month.
In a video speech, Yellen praised new liquidity standards for global banking firms, but warned that they do not apply to so-called shadow banks or to the financial system.
The committee, made up of banking supervisors from nearly 30 countries, published the final version of a new rule that will take effect in 2019.
Previously, the expert appraisal committee of the ministry of environment and forest (MoEF) had given consent to the project in February 2014.
The direction comes after scathing observation of the Principal Bench of CESTAT, New Delhi, in December last year.
Sebi had reportedly sent the notices to several entities including United Spirits, GMR, Essar Group, Unitech, Sterlite and DLF among others.
Govt has been hoping for a revival in H2FY14 to spur GDP growth.
Describing Rajan as a long-time colleague and an outstanding economist, Bernanke, who retired January-end this year confessed he did not know much about Indian politics.
Diageo, the maker of Johnnie Walker scotch and Smirnoff vodka, controls USL through its holding and a shareholder agreement, and the tender offer is unlikely to result in any management changes.
Wholesale price index-based inflation hits three-month high.
18.7% staff left in 3 months; Attrition rate is ‘more than we’re comfortable with’: Shibulal.
Standard & Poor’s puts bickering Narendra Modi, Rahul Gandhi in place, says majority elusive.