Tuesday, 16 April 2013

HCL Tech numbers beat estimates; headcount reduction a concern

HCL Tech numbers beat estimates; headcount reduction a concern

HCL Tech numbers beat estimates; headcount reduction a concern

In continuation of its past performance, HCL Technologies, India's fourth largest IT services company, on Wednesday delivered strong set of numbers well above the market estimation. However, for the second straight quarter, the company reported a drop in ...
Reliance Industries added 15 per cent to India

Reliance Industries added 15 per cent to India's exports kitty in FY13

Reliance Industries Ltd (RIL) logged $44.1 billion in export revenue and contributed 15.2 per cent to the nation's overall export kitty of $290 billion in the just-concluded financial year 2012-13. Due to the global headwinds, India's exports were on downhill in ...
SBI chairman says will go full throttle to recover dues from Kingfisher Airlines

SBI chairman says will go full throttle to recover dues from Kingfisher Airlines

State Bank of India (SBI) Chairman Pratip Chadhuri has said banks will continue to sell pledged shares of Kingfisher Airlines and invoke all other securities till they get back the dues. SBI leads the 17-bank consortium of lenders to the grounded airline.
Rupee Advances to One-Month High on Inflation, Deficit Optimism

Rupee Advances to One-Month High on Inflation, Deficit Optimism

India's rupee rose to the highest level in almost a month on speculation falling oil and gold prices will reduce inflation and narrow a record current-account deficit, giving the central bank room to cut interest rates. Brent crude dropped 5.9 percent in the five ...
Nifty holds 5700; banks & metals gainers, HMT up 15%

Nifty holds 5700; banks & metals gainers, HMT up 15%

Investors seem to have regained confidence in Indian market as it rallied for the second consecutive day. The Nifty was still holding above 5700 and was at 5705, up 16.35 points while the Sensex gained 26.14 points at 18771.07. Banking, metals and realty ...
Delhi HC refers pleas on noise pollution at airport to green tribunal

Delhi HC refers pleas on noise pollution at airport to green tribunal

The Delhi high court on Tuesday referred to National Green Tribunal (NGT) a batch of petitions alleging that noise pollution generated by aircrafts at the IGI airport is affecting health of the residents of nearby areas. ET SPECIAL: Samsung Galaxy S4 ...
Govt needs to fast-track projects to boost growth

Govt needs to fast-track projects to boost growth

Growth taking a backseat in the current year ahead of elections is a possibility but the industry expects strong action from the government to bring growth back on track, said Kris Gopalakrishnan, recently elected president of industry body, Confederation of ...
Nissan shuffles top deck for a fresh start

Nissan shuffles top deck for a fresh start

Nissan Motor Co has announced a reshuffle at the senior management level for its India operations as it looks to stem falling sales and meet its target of 10% market share by 2016. The company has named Kenichiro Yomura president of Nissan's India ...
Haji Ali-Nariman Point sealink impractical: CM

Haji Ali-Nariman Point sealink impractical: CM

In a major setback for the city's infrastructure, the state government admitted in the legislature on Tuesday that the Haji Ali-Nariman Point sealink and the Metro Rail Phase II (Charkop-Bandra-Mankhurd) projects are impractical. The sealink project was put on ...
Government to award Rs 90K crore highway contracts

Government to award Rs 90K crore highway contracts

The Ministry of Road Transport and Highways is targeting national highway contract awards worth about Rs 90,000 crore spanning 7,300 km this fiscal. Projects spanning 3,800 km (or 52% of the total length) will be awarded from this month to September.