Infosys' annual guidance eclipses Q4 profit rise, shares plunge

	Infosys' annual guidance eclipses Q4 profit rise, shares plunge Infosys shares fell as much as 20 per cent on Friday after India's second largest IT outsourcer announced a muted sales outlook for fiscal 2013-14 citing a challenging global economy. Infosys said dollar revenues are likely to grow between 6 and 10 per cent ...
	Igatpuri stir: Mahindra and Mahindra suffers production loss of 3000 units Domestic auto major Mahindra and Mahindra has suffered a production loss of around 3,000 engines due to the "tools down" protest by workers of its Igatpuri engine manufacturing facility near Nashik even as the stir entered the fourth day, sources said today.
	3G case: Centre directed not to take steps against Vodafone, Idea In a breather for Vodafone and Idea Cellular, the Delhi High Court on Friday restrained the Centre from taking any “coercive steps” against the telecom majors, which have been asked to pay penalty of Rs. 550 crore and Rs. 300 crore respectively, ...
	Rupee trims initial gains vs dollar, still up by 2 paise Currency markets will look for cues from the IIP data on possible action that the central. Business Line Currency markets will look for cues from the IIP data on possible action that the central bank will take in its annual policy review on May 3. Related. NEWS ...
	Singapore's Heliconia to buy stake in Kotak Bank Private sector Kotak Mahindra Bank on Friday said Singapore's Heliconia Pte Ltd will buy 2.6 per cent stake in the bank for Rs 1,296 crore. The board of directors has approved Heliconia Pte Ltd, an affiliate of GIC of Singapore, to subscribe to two crore equity ...
	Industry output remains weak in Feb; retail inflation slows NEW DELHI (Reuters) - India's industrial output barely grew in February and retail inflation slowed slightly for the first time in six months in March, but double-digit price rises still pose a challenge for policymakers seeking faster growth without runaway ...
	Industrial growth slips to 0.6% in Feb Showing slump in the economy, the industrial growth has slipped to 0.6 per cent in February this year mainly on account of contraction in power generation and mining output and poor performance of manufacturing sector. Factory output, as measured by the ...
	MARKET EYE-Indian defensive stocks gain after Infosys slumps Fri Apr 12, 2013 12:02pm IST. * Indian shares perceived to be defensive gain following the disappointing earnings of the more cyclical Infosys Ltd , dealers say. * Infosys forecast lower revenue growth than analysts had expected for this fiscal year, citing a ...
	Tata may revive Metaliks steel unit plan Having merged its troubled subsidiary Tata Metaliks with itself, Tata Steel is likely to revive the former's plan for setting up a 6 million tonne per annum (mtpa) integrated steel plant in Karnataka. Although the merger is expected to strain Tata Steel's balance ...
	SBI raises $1 billion in overseas bond sale Mumbai: SBI has mopped up one billion dollars in an international bond sale programme, according to one of the merchant bankers Citigroup. "SBI successfully sold its five-year senior unsecured bond (REG S)at 255 BPS over the US treasury yielding a ...