India Business News

Infosys projects modest growth, scrip tanks

by sulekha news on Apr 12 2013 1:33PM IST

Bangalore, April 12 (IANS) Infosys Ltd Friday projected a modest revenue growth of six to 10 percent in dollar terms for fiscal 2013-14 over last year, reflecting global economic uncertainties.

Infosys declares 540 percent final dividend

by sulekha news on Apr 12 2013 1:08PM IST

Bangalore, April 12 (IANS) Infosys Ltd has declared a final dividend of Rs.27 per share of Rs.5 on par value, which translates into a whopping 540 percent payout for fiscal 2013-14, as per the Indian account standard.

Technopark IT firm to empower Saudi Arabian youth

by sulekha news on Apr 12 2013 11:09AM IST

Thiruvananthapuram, April 12 (IANS) Technopark-based Triassic Solutions Pvt Ltd (TSPL)is all set to empower young people in Saudi Arabia in the IT field. In a statement Friday, the firm said it had signed an MoU toward this with Salamah Consulting Engineering(SaCEn) in Saudi Arabia.

Infosys forecasts 6-10 percent revenue growth this fiscal

by sulekha news on Apr 12 2013 10:35AM IST

Bangalore, April 12 (IANS) Infosys has projected a modest revenue growth of six to 10 percent for fiscal 2013-14 over same period last year of Rs.40,352 crore (Rs.404 billion) or $7.4 billion.

Infosys net up 13 percent for fiscal 2012-13

by sulekha news on Apr 12 2013 10:08AM IST

Bangalore, April 12 (IANS) Infosys Friday reported net profit of Rs.9,421 crore (Rs.94 billion) for fiscal 2012-13, registering 13.3 percent year-on-year (YoY) growth over previous fiscal (2011-12) at Rs.8,316 crore (Rs.83 billion), as per the Indian accounting standard.

24x7 power supply status to Amethi, Raebareli withdrawn

by sulekha news on Apr 12 2013 10:08AM IST

Lucknow, April 12 (IANS) In a move suggesting growing differences between the Congress and the Samajwadi Party (SP), the Uttar Pradesh Power Corporation Limited (UPPCL) has withdrawn the 'VIP' status of Raebareli and Amethi with regard to 24x7 power supply.

Infosys net up 3.4 percent in fourth quarter

by sulekha news on Apr 12 2013 9:33AM IST

Bangalore, April 12 (IANS) Infosys reported net profit of Rs.2,394 crore (Rs.24 billion) for fourth quarter (January-March) of fiscal 2012-13, registering a marginal 3.4 percent year-on-year (YoY) growth and 1.1 percent sequentially, as per Indian accounting standard.

Signature campaign seeks restarting of Vedanta refinery

by sulekha news on Apr 12 2013 9:15AM IST

Bhubaneswar, April 12 (IANS) A large number of people who have been affected by the Dec 5, 2012 closure of the Vedanta alumina refinery in Odisha have launched a signature campaign seeking its reopening, a leader of the move said Friday.

Think big for nation building: Pranab

by sulekha news on Apr 11 2013 9:15PM IST

New Delhi, April 11 (IANS) President Pranab Mukherjee Thursday told management students that they should ignite the minds of other managers and entrepreneurs to think big towards nation building.

2G case: Mittal, Ruia appear in Delhi court

by sulekha news on Apr 11 2013 8:55PM IST

New Delhi, April 11 (IANS) Bharti Airtel CMD Sunil Mittal and Essar Group promoter Ravi Ruia Wednesday appeared before a Delhi court following the summons issued to them in a case relating to alleged irregularities in allocation of 2G spectrum.

Kargil widow's petrol pump sealed in Gurgaon

by sulekha news on Apr 11 2013 8:05PM IST

Gurgaon, April 11 (IANS) The Haryana Urban Development Authority (HUDA) Thursday sealed four Gurgaon petrol vends, including one allotted to a Kargil martyr's family, for not paying rent dues, an official said.

CPI-M says Modi, Rahul selling 'dreams'

by sulekha news on Apr 11 2013 7:55PM IST

New Delhi, April 11 (IANS) The CPI-M Wednesday accused Gujarat Chief Minister Narendra Modi and Congress leader Rahul Gandhi of selling "wares ... completely dislocated from the ground realities of real India".

Chinese cement machinery major sets foot in India

by sulekha news on Apr 11 2013 7:45PM IST

Chennai, April 11 (IANS) Chinese cement machinery manufacturer Sinoma International has set a firm foot in the Indian market, buying 68 percent stake worth Rs.130 crore in the city-based LNV Technology Pvt. Ltd., an official said here Thursday.

Monster India launches 3-D virtual career fair

by sulekha news on Apr 11 2013 7:35PM IST

New Delhi, April 11 (IANS) Online career and recruitment solutions provider Monster India has announced the launch of its first virtual career fair in the country April 15-19.

Sensex closes more than half a percent up; bank, IT

by sulekha news on Apr 11 2013 6:45PM IST

Mumbai, April 11 (IANS) A benchmark index of Indian equities markets closed more than half a percent higher in Thursday's trade as bank, IT and capital goods stocks rallied.