For India’s largest IT services firm Tata Consultancy Services (TCS), the fourth-quarter and annual results for financial year 2012 were about setting milestones. TCS became the first IT services company in the country to cross the $10-billion mark (according to IFRS) in revenues for th…

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Koutons Retail India has plunged 13% to Rs 10.55, its all-time low, after the National Stock Exchange said that the equity shares of the company will be suspended from trading w.e.f. April 26, 2012 for non- compliance with certain provisions of the Listing Agreement. “Notice was sent t…

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Markets likely to open flat, resistance for nifty at 5320 Buy Ambuja Cements at 166, target: 173, SL 162 3:02pm: Book profits in Coal India at 361 and continue to hold Ambuja for 1-2 days …

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Treasury yields below zero on an inflation-adjusted basis for only the second time since Dwight D. Eisenhower’s presidency have split Wall Street’s biggest firms, underscoring the relative-value dilemma equity investors face following the biggest first-quarter rally in 14 years. For …

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20% rise in annual royalty outgo may lead to higher power tariffs The government’s latest decision to switch from the existing hybrid formula for royalty calculation on coal would dent the financials of state-owned miner Coal India Ltd (CIL). The company’s annual royalty outgo, curr…

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Infosys, the country’s second-largest software services exporter, forecast a lower-than-expected 8 to 10% rise in full-year revenue in dollars, sending its shares down more than 10%. According to experts, the results are very disappointing and the stock may be re-rated soon. (Read:…

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A second day of fighting between Sudan and South Sudan in their disputed border regions has prompted international concern that the conflict might develop into outright war. The African Union says it is deeply alarmed by the clashes over oilfields, and called on both sides to exercise t…

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Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain’s mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland. The latter has joined hands with a group of businessmen in the UK and launched a company cal…

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Quake centered 33 km beneath the ocean Jakarta: Indonesia issued a tsunami warning Wednesday after an earthquake with a preliminary magnitude of 8.7 hit waters off westernmost Aceh province. People on Twitter said tremors were felt in Singapore, Thailand, Malaysia and India. High-rise ap…

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Indraprastha Gas Ltd (IGL) tanked 46% to Rs 188 after the Petroleum and Natural Gas Regulatory Board (PNGRB) has directed IGL to reduce prices for Delhi consumers with effect from on Monday after factoring in the reduction in both network rates (levied on CNG, PNG and industrial consumers…

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