Tuesday, 4 June 2013

To revive Infosys, Murthy must revamp sales, culture

To revive Infosys, Murthy must revamp sales, culture

To revive Infosys, Murthy must revamp sales, culture

By Harichandan Arakali. BANGALORE | Tue Jun 4, 2013 6:41pm IST. BANGALORE (Reuters) - Narayana Murthy's success in turning around Indian IT services firm Infosys (INFY.NS) hinges on his ability to revive its sales efforts and shake up the conservative ...
Bata trading cheap in midcap cluster, buy: Motilal Oswal

Bata trading cheap in midcap cluster, buy: Motilal Oswal

Stock indices would continue to consolidate more in absence of any clear trend, Gautam Sinha Roy of Motilal Oswal Securities said. The brokerage house is bullish on Bata India. Gautam Sinha Roy, VP-Equity Strategy & Product · Expertise : Equity - ...
Penalties on banks in India "peanuts", says RBI Governor

Penalties on banks in India "peanuts", says RBI Governor

In the backdrop of recent violations of banking norms by some public sector as well as private banks, RBI Governor D Subbarao believes that penalties for such offences in India amounted to "peanuts" compared to those in the western countries. Erring banks ...
First issue of inflation indexed bonds oversubscribed

First issue of inflation indexed bonds oversubscribed

Mumbai: Government's first issue of the 10-year inflation indexed bonds, which aims at discouraging gold investments, was Tuesday oversubscribed by more than four times, though only bids worth Rs 1,000 crore were accepted. As per the RBI, which ...
RBI jumps to curb gold buying after May imports surge

RBI jumps to curb gold buying after May imports surge

MUMBAI | Tue Jun 4, 2013 6:59pm IST. MUMBAI (Reuters) - The RBI took tougher measures to curb gold imports on Tuesday after buying soared in May and threatened to widen a current account deficit which is already at a record. Indians, the world's biggest ...
BSE Sensex down 65 points at over one-month low

BSE Sensex down 65 points at over one-month low

The BSE Sensex on Tuesday extended its losing run to the third day, falling nearly 65 points to over one-month low on fag-end selling in consumer durables and rate-sensitive banks, realty and auto shares. The 30-share index of the Bombay Stock Exchange ...
Airtel submits final bid for telecom licence in Myanmar

Airtel submits final bid for telecom licence in Myanmar

A Bharti Airtel-led consortium has submitted its final bid for telecom licence in Myanmar, as India's biggest private telecom company looks to expand its overseas operations. A Bharti Airtel spokesperson confirmed that the consortium has submitted its final ...
Fund manager Cartica to pick up 5.6 per cent stake in TTK Prestige

Fund manager Cartica to pick up 5.6 per cent stake in TTK Prestige

Global fund manager Cartica will acquire 5.6 per cent stake in home appliances manufacturer TTK Prestige for around Rs 230 crore. TTK Prestige in a filing to the Bombay Stock Exchange said it "will issue, on a preferential basis, 3 lakh shares of Rs 10 each, ...