Tuesday, 21 May 2013

Phaneesh Murthy's second time around. Araceli Roiz alleges sexual harassment

Phaneesh Murthy

Phaneesh Murthy's second time around. Araceli Roiz alleges sexual harassment

After being sacked by Infosys on charges of sexual harassment, Murthy undergoes similar humiliation by his second employer. Phaneesh Murthy, the CEO and President of iGate Global Solutions, a leading IT company, was sacked after allegations of sexual ...
Gold price recovers from 21-month lows, jump sharply by Rs 680

Gold price recovers from 21-month lows, jump sharply by Rs 680

Gold price Heavy buying by stockists and retail customers amid a sharp rebound on the global front helped price to rise. (Reuters). Top Stories. IPL spot-fixing case: Actor Vindoo Dara Singh arrested in Mumbai · Supreme Court rules out ban on IPL matches, ...
Vodafone India

Vodafone India's revenue up 10.6% in FY13

India's second-largest mobile operator by subscriber base, Vodafone India, reported a three-fold increase in adjusted operating profits to Rs 1,853 crore in the year ended March 2013 on the back of operating efficiencies and lower acquisition costs. Revenue ...
Indian rupee hits 6-month low at 55.41, loses staggering 30p vs US dollar

Indian rupee hits 6-month low at 55.41, loses staggering 30p vs US dollar

The Indian rupee today hit nearly a six- month low of 55.41 by losing a staggering 30 paise, due to sustained US dollar demand from importers and weak local equities, extending losses for the third straight session. The rupee resumed higher at 54.97 per ...
Subscribe to Just Dial IPO, advises KM Global Finserv

Subscribe to Just Dial IPO, advises KM Global Finserv

Brokerage house KM Global Finserv has recommended investors to subscribe to Just Dial's IPO for listing gains, in its research report dated May 21, 2013. KM Global Finserv · More about the Brokerage... Source: Moneycontrol.com ...
Indian Shares End Lower

Indian Shares End Lower

MUMBAI—Indian shares ended at their lowest level in a week Tuesday, led by declines in cigarette maker ITC and auto stocks as markets remained volatile ahead of key company earnings reports later this week, traders said. In the currency market, the Indian ...
Tech Mahindra Limited net profit in quarter up 25% at Rs 377.24 cr

Tech Mahindra Limited net profit in quarter up 25% at Rs 377.24 cr

Tech Mahindra The company had posted a net profit of Rs 302.50 crore in the year-ago period, it said in a BSE filing. (Reuters). Top Stories. IPL spot-fixing case: Actor Vindoo Dara Singh arrested in Mumbai · Supreme Court rules out ban on IPL matches, ...
GM India to hike prices by up to Rs 10000 from June 1st week

GM India to hike prices by up to Rs 10000 from June 1st week

General Motors India on Tuesday said it will raise the prices of its entire range of vehicles by up to Rs 10,000 from first week of June to offset the increase in logistic costs following hike in diesel rates. “With diesel prices going up on regular intervals, ...
Essar signs $1 billion financing deal with China

Essar signs $1 billion financing deal with China

MUMBAI | Tue May 21, 2013 6:36pm IST. MUMBAI (Reuters) - Essar Energy Plc(ESSR.L) on Tuesday signed a $1 billion financial cooperation agreement with the China Development Bank and PetroChina International Co. Ltd., according to a document seen ...
Bank mergers could lead to too-big-to-fail entities: Chidambaram

Bank mergers could lead to too-big-to-fail entities: Chidambaram

The Finance minister underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world. P Chidambaram. Union Finance Minister P Chidambaram has favoured mergers in the banking ...