Business News

Last updated: Friday, October 31, 2014 1:28:03 PM

Rising rupee to hit Infosys by Rs.20 billion (Roundup)
Bangalore, Oct 11 (IANS) The Infosys Technologies Ltd will suffer a loss of Rs.20 billion in revenue this fiscal (2007-08) due to rupee appreciation, a top company official said here Thursday.

Thursday, October 11, 2007 5:46:26 PM

Bonds for oil firms to keep fuel prices frozen
New Delhi, Oct 11 (IANS) Prices of fuels are likely to stay untouched with India Thursday approving bonds worth $5.97 billion to be issued to state-run oil firms as compensation for selling petroleum products at below-market prices.

Thursday, October 11, 2007 3:59:31 PM

DQ Entertainment to jointly make animation serials
Chennai, Oct 11 (IANS) DQ Entertainment Ltd, one of India's largest animation and gaming companies, has announced partnerships with American Greetings Properties, Classic Media, Taffy Entertainment, MoonScoop and other entertainment provider companies for three animation series.

Thursday, October 11, 2007 3:33:04 PM

New policy to compensate people displaced from land
New Delhi, Oct 11 (IANS) Following widespread protests by people displaced from their land acquired for industrial projects, the government Thursday unveiled a new rehabilitation policy, which it says is more equitable and humane.

Thursday, October 11, 2007 3:21:10 PM

Railwaymen get highest ever bonuses
New Delhi, Oct 11 (IANS) The government announced generous bonuses for non-gazetted employees of the railway ministry Thursday.

Thursday, October 11, 2007 3:20:35 PM

L&T acquires Malaysian switchgear firm
Mumbai, Oct 11 (IANS) Top engineering and construction firm Larsen & Toubro Ltd (L&T) Thursday said that the company had signed a deal with Malaysia-based Tamco Corporate Holdings Bhd to acquire Tamco's de-merged switchgear business for an undisclosed sum.

Thursday, October 11, 2007 3:20:13 PM

Maruti in JV with Italian component maker
Mumbai, Oct 11 (IANS) Top carmaker Maruti Udyog Thursday said that it would form a joint venture with Italy-based global leader in automobile designs and high-tech components system maker Magneti Marelli and Japan's Suzuki Motor Corp.

Thursday, October 11, 2007 3:19:45 PM

Reliance Industries' Q2 results Oct 18
Mumbai, Oct 11 (IANS) India's most valuable firm Mukesh Ambani-owned Reliance Industries Ltd (RIL) Thursday said that the company's board of directors would meet Oct 18 to consider financial results for the second quarter.

Thursday, October 11, 2007 2:39:34 PM

Coastal Orissa to have 4,000 MW power plant
Bhubaneswar, Oct 11 (IANS) Orissa will have a second ultra mega thermal power project (UMTPP) at an estimated investment of Rs.160 billion, Power Minister Sushil Kumar Sindhe said here Wednesday.

Thursday, October 11, 2007 2:10:54 PM

Infosys ups annual guidance, beats forecast in Q2 (Lead)
Bangalore, Oct 11 (IANS) Infosys Technologies Ltd Thursday revised its annual revenue guidance upwards for this fiscal (2007-08) by two-three percent from the lower guidance it gave at the beginning of the second quarter (July-Sep) despite an appreciating rupee and growing competition in billing rates.

Thursday, October 11, 2007 2:05:43 PM

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