NEW YORK: Three Indian entities — Mukesh Ambani-led Reliance Industries, adapted amassed Tata Group and IT bellwether Infosys Leaders. The alliance of avant-garde firms additionally appearance NRI Lakshmi Mittal-led world’s better animate ambassador ArcelorMittal. Among the 50 companies, Tata Group ranks 13th, Reliance Industries 15th and Infosys 26th. Tata Group and Reliance Industries accept been [...]

BANGALORE: Technologies of Infosys fired 2100 people through the country, after an annual exercise of performance concluded mid-March. TV Mohandas Feeds, head of the company of the ‘s hour, indicated that based on the sack, 2100 employees had left Infosys. Tolerance for non-fulfilment is gone down to zero, with Pai known as. Evaluation was led [...]

When Moser Baer, the world’s second-largest manufacturer of compact discs, bought back foreign currency convertible bonds worth the last three months, it had to pay just $12.4 million. Depressed market conditions and a liquidity crisis helped the company make a gain of around $38.6 million, which translates into an extraordinary gain of over Rs 190 [...]

HONG KONG: Asian stocks were mostly higher in holiday-thinned trade Friday after surprisingly upbeat earnings in the US, but Japanese banks tumbled on fresh worries about their balance sheets amid the country’s crippling recession. Japan’s mega lenders got pummeled after Sumitomo Mitsui Financial Group warned investors that it sank into the red in the just-ended [...]

NEW DELHI: Corporate India mopped up an absorbing Rs 31,069 crore via rights affair in 2008, a two-fold acceleration over the antecedent year, as fund raising from the debt bazaar and through IPOs broiled up amidst the all-around bread-and-butter crisis. During the agenda year 2008, funds amounting to Rs 31,069 crore were aloft through rights [...]

Washington, April 09: The US trade deficit fell more than expected in February to a nine-year low as a prolonged recession sliced imports, the Commerce Department said on Thursday. The deficit dropped for the seventh consecutive month — by 28.3 percent to USD 26 billion from a revised USD 36.2 billion in January, the department [...]

Mumbai, April 09: Amid apprehension of a cut in lending ante by banks, HDFC Chairman Deepak Parekh on Thursday said there is ambit for abbreviation absorption ante by about 0.50-1 allotment credibility with actual aftereffect as amount of funds for banking institutions has appear down. “I still anticipate that ante can appear bottomward by 0.50-1 [...]

New Delhi, April 09: Automated accretion remained ambiguous beneath the appulse of all-around banking accident with branch assembly application afresh in Feburary to almanac a 15-year low advance of abrogating 1.2 percent, acutely assuming that bang bales are yet to crop results. With almost one months to go for this budgetary to end, automated advance [...]

Colombo, April 09: The Sri Lankan Army on Thursday denied its troops “extensively acclimated actinic weapons” adjoin the Tamil Tigers. The Army declared the accusation by the Liberation Tigers of Tamil Eelam (LTTE) addition accomplishment by the “pro-Tiger mouthpieces common … clumsy to abstract the base defeat at the easily of aegis forces”. “The Army [...]

Kathmandu, April 09: Nepal Prime Minister Prachanda and Finance Minister Baburam Bhattarai accept been slapped with a antipathy of cloister case for disrespecting a Supreme Cloister adjustment on the affair of not extending the tenures of eight generals from the Army. Journalist Murari Raj Sharma, associated with a clandestine radio, has filed a antipathy of [...]