On a surprising note, even though Wipro reported an increase in their profit by 8% in Q4, India’s largest outsourcer’s stocks fell by over 7%! Share price ended at Rs. 410.15, the lowest for IT giant in eight months. Company’s CEO mentioned that IT sector’s Q1 revenue is expected to be about $1.52-1.55 billion with […]
Biocon pharmaceuticals, one of India’s pharmaceutical major has reported 3% less profits at Rs.97.8 crore for Q4 of FY 2012 which ended on March 31st; main reason being zero licensing income during this quarter. Company’s revenues though showed a positive trend with an increase by 25% in the quarter to Rs.611.5 crore from Rs.487.9 crore […]
At least, some woes of railway passengers will be reduced in few months. By next year, all trains except local and suburban trains will be equipped with systems so that their movement is monitored by Satellite Imaging for Rail Navigation (SIMRAN). By this facility, you can know the precise location of the train through interactive […]
DLF, one of the most well-known real estate companies is planning to sell a piece of its land in central Mumbai. A report mentioned that the company is in talks with Lodha Developers, Runwal Group and Sheth Creators for selling. DLF is expecting a price of 30 billion rupees while the buyers are negotiating with […]
One of the US senator asked Diebold, Ohio based security System Company not to move 200 IT and back office jobs to India. It is heard that the company cited reasons like lack of potential skill shortage in the country to move such jobs to India over next two years. An official letter from the […]
Soaring of poppy prices in the International markets resulted in the increase of tariffs by Central Board of Excise and Customs (CBEC) from $ 2, 850 in the past week to $ 3,680 effective from April 16th, a notice said. This greatly influenced domestic prices and they are expected to be above Rs.275 per Kg […]
The joint venture of Bharat Forge Ltd. and Alstom, the Alstom Bharat Forge Power Ltd. (ABFPL) has bagged an order worth Rs.1570 crore orders for supply, engineering, manufacturing of super critical steam turbine generators for NTPC’s upcoming power project at Solapur, Maharashtra. This JV is expected to be commissioned by 2013 with an annual capacity […]
Sesa Goa will be starting their exploration work in the Liberian mines for Iron ore which is expected to be over 1 billion tonnes. Company has acquired a stake of 51% in Western Clusters Limited, which was supposed to develop the project for Rs.411 crore. Licenses of three blocks are ready and the exploration work […]
