Business News

Last updated: Wednesday, October 01, 2014 11:16:18 AM

Rising rupee hits Infosys profit in last fiscal
Bangalore, April 15 (IANS) Infosys Technologies Ltd suffered a loss of Rs.10 billion ($250 million) in net profit and Rs.20 billion in gross revenue for the last fiscal (2007-08) due to steep appreciation in rupee against US dollar, a top company official said here Tuesday.

Tuesday, April 15, 2008 7:57:25 PM

Government releases telecom spectrum for Tamil Nadu
New Delhi, April 15 (IANS) The Department of Telecommunications (DoT) Tuesday started the process of releasing radio frequencies or spectrum under the GSM technology of mobile telephony to five operators for the Tamil Nadu circle.

Tuesday, April 15, 2008 7:36:55 PM

ITC to invest Rs.3 billion in food processing unit
Kolkata, April 15 (IANS) India's leading tobacco company, ITC Ltd, will invest Rs.3 billion ($75 million) to set up an integrated food processing unit in West Bengal, a company spokesperson said here Tuesday.

Tuesday, April 15, 2008 7:14:03 PM

Infosys workforce to cross 100,000 mark this year
Bangalore, April 15 (IANS) Headcount of Infosys Technologies Ltd is set to cross 100,000 this fiscal (2008-09), with a gross addition of over 20,000-25,000 people to its present strength of 91,187, a top company official said here Tuesday.

Tuesday, April 15, 2008 7:04:57 PM

Two planes can get closer from June
Mumbai, April 15 (IANS) The Directorate General of Civil Aviation will be implementing performance based navigation system by June, reducing the horizontal distance between two approaching aircrafts from the current range of over 5-7 nautical miles (8-11 km) to three nautical miles (5 km).

Tuesday, April 15, 2008 6:27:18 PM

Sify Technologies to raise $57 million
Chennai, April 15 (IANS) Internet services firm Sify Technologies Ltd will raise around $57 million (over Rs.2 billion) with a premium equity issue to Infinity Satcom Universal Pvt Ltd, the company said here Tuesday.

Tuesday, April 15, 2008 6:24:24 PM

India, Egypt hope to double trade by 2011
New Delhi, April 15 (IANS) India and Egypt are confident of doubling trade to about $5.6 billion from the current $2.8 billion as both countries have agreed to aggressively work towards signing a Comprehensive Economic Cooperation Agreement (CECA).

Tuesday, April 15, 2008 6:12:10 PM

Morgan Stanley increases stake in Reliance Energy
Mumbai, April 15 (IANS) Global financial services firm Morgan Stanley has increased its stake in the Anil Ambani-promoted Reliance Energy Ltd (REL) to over five percent for about Rs.530 million ($13.25 million).

Tuesday, April 15, 2008 6:10:55 PM

'Goa's infrastructure needs upgradation'
Mumbai, April 15 (IANS) Lord Mayor of London David Lewis said Tuesday here that India's tourist hotspot Goa was facing a conflict between its developmental aspirations and ecological preservation.

Tuesday, April 15, 2008 5:48:15 PM

India, Egypt finalise free trade, economic accord
New Delhi, April 15 (IANS) India and Egypt are planning to finalise an economic cooperation agreement which will include free trade in goods and services - a key step expected to give a quantum jump to their burgeoning business ties.

Tuesday, April 15, 2008 5:38:45 PM

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