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Tata Consultancy Services Did A ‘Commendable’ Job Of Arresting Employee Attrition

Tata Consultancy Services (TCS), India’s biggest outsourcer, missed the Street’s revenue estimate but its profit exceeded expectations.  TCS reported a better-than-expected net profit of Rs. 6,586 crore in the three months ending September 30, on revenues of Rs. 29,284 crore, which was below the Street’s estimates. A strong 94-basis-point improvement in operating margin to 26 per cent in the second ... Read More »

Russian state fund to co-invest $1 billion in India’s Infra Fund

The state-backed Russian Direct Investment Fund (RDIF) will work with an Indian fund to invest $1 billion in Asia’s third-largest economy, the head of the fund said before a bilateral summit expected to yield several big business deals. The RDIF and India’s National Investment and Infrastructure Fund (NIIF) will each invest up to $500 million in the joint fund, replicating ... Read More »

Buying Jio SIM online for free

New Delhi: It is true that a website http://aonebiz.in/ is selling Reliance Jio SIMs online for free. All you have to do is to fill up a form online giving details like, name, phone number and delivery address and email id. The SIM will be delivered to your door step. At the time of delivery, one will have to submit ... Read More »

Patanjali’s ‘Indian-ness’ Push Tricky For Modi Government: Foreign Media

At first sight, Baba Ramdev looks like the world’s oddest tycoon — and with his infectious, lopsided grin and bright saffron robes, surely the most harmless. But India’s favorite yoga teacher has expanded his presence beyond the country’s multitude of religious channels, which are full of his sermons, and even its news channels, where he’s a strong supporter of the ... Read More »

Sensex rebounds 155 points, Nifty hits 8,700 ahead of IIP data

BSE benchmark Sensex on Monday recovered over 155 points and the NSE Nifty topped the 8,700-level amid sustained foreign fund inflows and optimism among domestic investors ahead of IIP data to be released later in the day. The 30-share index, which had lost 273.41 points in the previous three sessions, recovered 155.50 points or 0.55 per cent, to trade at ... Read More »

Indian pays 59 cr for unique car number plate

Dubai: An Indian businessman has paid a whopping $9 million (Rs 59 crore) to buy a single-digit car registration plate in Dubai, adding another coveted number plate to his collection. Balwinder Sahani bought number plate “D5” at the Roads and Transport Authority’s number plate auction on Saturday. Sahani, also known as Abu Sabah, is the owner of RSG International, a ... Read More »

India’s forex reserves touch record high of $372 billion

India’s foreign exchange reserves scaled a new high of US $371.99 billion, up US $1.223 billion for the week to September 30, as per the Reserve Bank data. The central bank said the increase was primarily on account of a US $1.468-billion surge in the foreign currency assets. In the previous week, the reserves had risen by US $1.166 billion ... Read More »

KTR wows biz bigwigs, hardsells brand Telangana

New Delhi: Industries Minister K T Rama Rao on Friday met Baba Kalyani of Bharat Forge and requested him to explore the possibility of investing in aerospace and defence sectors in Telangana. KTR briefed Baba Kalyani about the Telangana state government’s desire to set up aero-technology university for which Kalyani agreed to cooperate with the government in its efforts. Appreciating ... Read More »

Telecom min, Trai spar over unsold 700MHz

New Delhi: The government’s failure to sell any spectrum in the “lucrative” 700 MHz frequency has led to differences between the telecom ministry and regulator Trai over pricing of the airwaves. Sources said there were some “heated exchanges” between officials at the telecom ministry and senior Trai functionaries as minister Manoj Sinha expressed displeasure regarding the auction. The government managed ... Read More »