Last year the Rs.1900 cr information technology and business process outsourcing (BPO) arm of Aditya Birla Nuvo saw net profit growth fall. Its CEO, Deepak Patel, says their fortunes are changing for the better In the last 30 days, he says his company has closed deals worth $250 million …

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The era of free ATM usage will come to an end on Thursday, October 15. Every transaction carried out on another bank’s ATM could cost an account holder as much as Rs 20 and withdrawals will face a limit of Rs 10,000, the Indian Bank’s Association has said in its guidelines. According…

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ABG Shipyard Ltd has announced that the Income Tax Department had conducted search operations at the premises of the Company and officials of the Company on October 07 and 08, 2009. The search operations concluded on October 08, 2009. The Company believes that it has complied with income…

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Honda Motorcycle and Scooter India has threatened to shut its factory at Manesar in Haryana and move to an alternate location, although the workers’ union has denied that they were on strike. “Our production has come down to 50 per cent in the last two months due to go-slow s…

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The rate war in the telecom industry sparked by Anil Ambani’s Reliance Communication (RCom) and the Telecom Regulatory Authority of India’s (Trai’s) move on per-second billing is taking its toll on share prices of leading service operators. The share price of six telecom companies …

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India Inc is expected to post a marginal growth in net sales and profit in the financial year’s second quarter, ended September, says an earning preview by the city-based equity research and broking company, KR Choksey Shares and Securities (KRC). The estimates are based on the performa…

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U.S. Sept non-farm payrolls plunge 263,000 WASHINGTON (Reuters) – U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine ec…

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Yahoo Finance: Stocks tumble on disappointing reports on manufacturing, unemployment; Dow slides 203 points NEW YORK (AP) — Stocks began the fourth quarter with a slide as pessimism about the economy gripped investors. The Dow Jones industrial average and the Standard & Poor&…

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Bharti-MTN Deal terminated Bharti says Have decided to disengage from exclusive talks with MTN South African govt unable to accept deal structure in current form Hope South African govt will review position on MTN in future To continue to explore international opportunities May re-e…

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Daniel McCormack, Macquarie Securities: I am cautious on Asian equities as cyclical indicators have started turning down. I expect 10-20% correction in Asia ex-Japan, which would be a buying opportunity in India. I like banking and infra companies in India. source: Read More..