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HindustanTimes Wed,23 Apr 2014

Business

McDonald's profit falls more than expected, US diners not 'lovin' it'

McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established US restaurants.

TCS, Mitsubishi to form software services company

India's largest IT services exporter Tata Consultancy Services has signed a pact with Japan's Mitsubishi Corp to create a Japanese software services provider, the companies said in a statement.

Sensex, Nifty surge to record high; Sesa gains

The Sensex and Nifty hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond portfolios.

Wipro slumps as Q1 outlook seen below estimates

Shares in Wipro fell more than 4% in early trade after company's IT revenue guidance was seen below estimates by some analysts.

Rupee extends losses; oil demand hurts

The rupee is trading at 60.45/46 versus its Thursday's close of 60.29/30 as dollar demand for gas and oil imports aids.

Tech giants glow pink again as key markets edge back to normal

The Big Four of India’s software-led services industry that includes business process outsourcing (BPO) pleasantly surprised the markets this month with solid results for the January-March quarter.

Rajaratnam's brother loses bid to dismiss insider trading charges

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.

'Gujarat model' has become a 'political currency': Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the term 'Gujarat model' has become a 'political currency' but he is not sure of its meaning.

New govt may raise agricultural credit target in budget

The new government is likely to come under pressure to further increase agriculture credit target to maintain high farm growth, which is an essential pre-condition for a wider economic revival.

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.

RIL sees flat Q4 net, but full-year profit hits record

Reliance Industries Ltd on Friday reported a marginal rise of 0.8% in its net profit in the fourth quarter, even though the company’s quarterly profits were the highest in more than two years.

Google a top pick for Wall Street despite weak Q1

Google Inc’s disappointing first-quarter results left Wall Street unfazed about the Internet giant’s ability to come to grips with the shift to the fast-growing mobile advertising market.

Glenmark pulls 2,900 bottles of ulcer drug in US

India's Glenmark Pharmaceuticals Ltd is recalling some  2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.

Touched for being awarded GBE by UK: Ratan Tata

Ratan Tata, chairman emeritus of Tata Group, on Wednesday said he was 'deeply touched' for being one of five foreign nationals to be honoured by Queen Elizabeth with the GBE (Knight Grand Cross) in 2014.

Rajat Gupta to surrender on June 17 in insider trading case

Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.
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