Derivatives contracts for the far month i.e. October 2009 and onwards, will not be introduced on the underlying Tata Communications Ltd upon expiry of July 2009 contract i.e. on July 30, 2009, as per the data available on the BSE website. The existing contract months i.e. August 2009 and…

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MUMBAI: Tata Consultancy Services (TCS) overcame a tough business environment and beat street expectations by a huge margin to post a surprise TCS table Key facts on India’s software industry | Top 5 India-centric BPO Vendors | Top Indian outsourcing cos More Pictures growth …

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The Centre has already announced plans to sell stake in unlisted PSUs – NHPC and Oil India through an initial public offering of these companies. The Ministry of Finance on Friday announced that it was planning to sell between 5-10% stake in six PSU companies as part of the governm…

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CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors over the next day, according to people close to the situation. A number of private equity firms and fixed incom…

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Mumbai: Steel pipemaker Welspun Gujarat Stahl Rohren’s April-June profit nearly doubled on volume growth and a one-time gain on account of foreign exchange fluctuation, a senior official said on Thursday. The company posted a net profit of Rs1.38 billion in the April-June quarter on a …

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NEW YORK: JPMorgan Chase & Co posted a higher quarterly profit on Thursday, topping Wall Street estimates, as strength in its core consumer Property US mortgage crisis Financial crisis Competitive economies Global icons crash Top 10 US bank failures Top four banking crises si…

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There is no proposal to disband the National Investment Fund (NIF) as of now, reports CNBC-TV18, quoting sources. The government has the option of using part of the NIF corpus to fund social schemes. However, the government may route the NIF corpus through mutual funds. As of now, the go…

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The company may raise anywhere between Rs 4.5bn and Rs 6bn. Shares of Godrej Industries are locked at 10% upper circuit to Rs135.80. The stock opened at Rs127.4 and made an intra-day high of Rs135.7 and a low of Rs126.6. Total traded volumes stood at 0.7mn shares. Godrej Properties, the…

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Mumbai: Media firm IBN18 Broadcast on Wednesday said its consolidated net profit for the quarter ended June stood at Rs5.90 crore in the current fiscal. However, the media firm had a net loss of Rs16.55 crore in the same period ended June 2008, IBN18 Broadcast said in a filing to the Bomb…

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Mumbai: Retail broking firm Apollo Sindhoori Capital Investments on Wednesday said its net profit rose by 29.66% to Rs2.71 crore during the quarter ended June in current fiscal, over the same period last year. The company had a net profit of Rs2.09 crore in the same period ended June 200…

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