Delhi: The top five Indian providers grew 13.3 percent to reach $34.3 billion in 2012, exceeding the IT services industry growth of 2 percent according to Gartner, Inc. The growth decelerated for both industry groups, from 21.8 percent and 7.7 percent, in 2011. “Cognizant displaced Infosys to become the second-largest Indian IT services provider (see […]
The rupee on Tuesday lost 10 paise to 55.67 against the dollar in early trade on the Interbank Foreign Exchange market due to approaching month-end demand of the US currency from banks and importers. Forex dealers said that dollar strengthening against other currencies in the global market also put pressure on the rupee but sustained […]
The BSE benchmark Sensex on Tuesday rose over 69 points in early trade on sustained buying by funds and retail investors, mainly in consumer durables, oil and gas, healthcare and metal sector stocks. Rising for the third straight session, the BSE’s 30-share barometer rose by 69.40 points, or 0.34 per cent, to 20,100.17. In the […]
Index Committee of S&P BSE Indices has decided to revise the composition of S&P BSE indices as detailed below, w. e. f. June 24, 2013: 1. S&P BSE 200 Index: Exclusions: Inclusions: Code Name Code Name FFF 513683 NEYVELI LIGNITE CORPORATION LTD. 534816 BHARTI INFRATEL LIMITED 0.15 531500 RAJESH EXPORTS LTD. 531162 EMAMI LTD 0.30 500840 […]
In a bid to curb demand for gold, the Reserve Bank has imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds. “…it is advised that while granting advance against the security of specially minted gold coins sold by them, banks should […]
Contrary to general perception, the mid-cap equities were found to be less volatile in the longer run and provided higher returns compared to large-cap equities, said a recent study by Crisil Research. “The CNX Midcap Index returned 23 per cent annualised returns over the 10-year period ending March 2013, while the CNX Nifty Index returned […]
State-owned CIL will raise coal prices by an average of 10 percent on lower grades with effect from Tuesday, a move which may lead to higher input costs for some user industries. The world’s largest coal producer also announced price reduction for higher grades by an average of 12 percent. Due to the price rationalisation, […]
Seeking to boost mutual cooperation, India and UAE discussed the possibility of early conclusion of an investment protection pact during the visit of Finance Min P Chidambaram to the Gulf’s financial hub. The issue of early conclusion of the Bilateral Investment Promotion and Protection Agreement (BIPA) was discussed between the visiting minister and Sheikh Mohammed […]
Chennai : SAS, the leader in business analytics software and services, has been ranked No. 1 for smart grid analytics and data management in the recently released utility industry report by GTM Research titled, ‘The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid’. According to the report, SAS data analytics software […]
Mumbai : HDFC Life, India’s leading long-term insurance solutions provider has announced the launch of Swabhimaan Careers – an initiative to build long-term relationship with customers by offering employment opportunity to the deceased policyholder’s family. Under this initiative, HDFC Life will pro-actively reach out to the policyholder’s dependants post settlement of a claim and consider […]
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