India Business News

US economy improving but Europe volatile: Premji

by sulekha news on Apr 19 2013 6:05PM IST

Bangalore, April 19 (IANS) Amid global uncertainty and challenging environment, latest data shows improvement in the US economy while debt-ridden Europe remained volatile, Wipro chairman Azim Premji said Friday.

Growth slowdown hit Indian Inc sales, profit margins

by sulekha news on Apr 19 2013 5:05PM IST

New Delhi, April 19 (IANS) The slowdown in economic growth has hit Indian companies' sales and profit margins, Associated Chambers of Commerce and Industry (Assocham) said in a report.

Green buildings can help India minimise power shortages

by sulekha news on Apr 19 2013 4:25PM IST

New Delhi, April 19 (IANS) The Indian government must set stricter norms and push for the development of energy-efficient buildings so that the country can minimise power shortages and curb burgeoning petroleum import bills, say experts.

Huge hike dampens Chandigarh drinkers' high

by sulekha news on Apr 19 2013 4:17PM IST

Chandigarh, April 19 (IANS) Liquor consumption in Chandigarh has been on the rise for years. But the Chandigarh administration's excise policy for 2013-14 will usher in a new "high" - pricewise!

Karunanidhi asks: How would minister mislead prime minister?

by sulekha news on Apr 19 2013 4:17PM IST

Chennai, April 19 (IANS) DMK president M. Karunanidhi Friday wondered how one could believe that a prime minister could be misled by his minister, referring to the draft report of the joint parliamentary committee (JPC) on the 2G spectrum allocation.

'Business angels' driving entrepreneurial movement

by sulekha news on Apr 19 2013 4:06PM IST

New Delhi, April 19 (IANS) 'Business angels' are taking the initiative to help budding entrepreneurs set up and manage their own start-ups successfully in a highly competitive environment.

Wipro meets forecast but projects flat growth

by sulekha news on Apr 19 2013 4:06PM IST

Bangalore, April 19 (IANS) Wipro Ltd. has met its revenue forecast for its global IT services in the fourth quarter (January-March) of the 2012-13 fiscal, but projected flat growth for the first quarter (April-June) of this fiscal (2013-14) in dollar terms, as the global environment continues to be challenging.

Wipro sees flat IT revenue growth in first quarter

by sulekha news on Apr 19 2013 3:14PM IST

Bangalore, April 19 (IANS) Wipro Ltd. has projected $1.6 billion revenue from its global IT services in the first quarter (April-June) of 2013-14 fiscal, which is same as posted in the fourth January-March quarter of last fiscal (2012-13), reflecting the global economic challenges faced by the Indian IT industry.

SC order on reopening Karnataka mines brings relief

by sulekha news on Apr 19 2013 2:22PM IST

Bangalore, April 19 (IANS) Iron and steel firms in Karnataka are relieved over the Supreme Court order to allow reopening of mines in A & B categories as they will get more iron ore to increase their production.

Wipro net up 19 percent for fiscal 2013

by sulekha news on Apr 19 2013 10:42AM IST

Bangalore, April 19 (IANS) Wipro Ltd posted net profit of Rs.6,636 crore (Rs.66.4 billion) for entire fiscal 2012-13 (FY 2013), registering 19 percent growth year-on-year (YoY) as per the Indian accounting standard.

Wipro net up 17 percent in fourth quarter

by sulekha news on Apr 19 2013 9:55AM IST

Bangalore, April 19 (IANS) Wipro Ltd posted net profit of Rs.1,729 crore (Rs.17.3 billion) for January-March quarter of fiscal 2012-13, registering 17 percent growth year-on-year (YoY) as per the Indian accounting standard.

HCL to supply laptops for Chhattisgarh distribution scheme

by sulekha news on Apr 18 2013 11:36PM IST

Raipur, April 18 (IANS) HCL Infosystems has bagged a major contract from Chhattisgarh's Bharatiya Janata Party (BJP) government for supply of laptops to final year engineering and medical students in the state, official sources said on Thursday.

CAG slams Maharashtra for incomplete irrigation projects

by sulekha news on Apr 18 2013 11:25PM IST

Mumbai, April 18 (IANS) Spelling fresh troubles for Deputy Chief Minister Ajit Pawar, the CAG Thursday pulled up the Maharashtra government for hundreds of incomplete irrigation projects across the state with massive cost overruns amounting to around Rs.27,000 crore.

Meghalaya to take action against cement plants on forest land

by sulekha news on Apr 18 2013 10:45PM IST

Shillong, April 18 (IANS) The Meghalaya government Thursday promised to take action against cement companies violating forest conservations laws.

2G JPC clears Chidambaram, blames Raja

by sulekha news on Apr 18 2013 10:15PM IST

New Delhi, April 18 (IANS) The parliamentary panel probing the 2G spectrum allocation has blamed former telecom minister A. Raja, holding he had changed the cut off date for the allocation of spectrum and that Finance Minister P.Chidambaram had no role in it, informed sources said Thursday.