IT services firm HCL Technologies on Tuesday reported a 3.6% increase in net profit at Rs 1,683 crore for the quarter ended March 31, 2015.
The Indian rupee fell to a three and a half month low in early trade on Tuesday as concerns over retrospective taxation loomed among foreign investors, while weak Asian peers and broad dollar strength added to the pressure.
Continuing its losing streak for the fifth straight session, the benchmark BSE Sensex fell by another 103 points in early trade on Tuesday on sustained selling by funds and retail investors coupled with weak corporate earnings figure.
The Bombay Stock Exchange (BSE )fell 1.9% or 556 points on Monday as investors sold heavily on fears of a strong opposition to the Land Acquisition Bill and on the dismal corporate earnings.
Japanese drug maker Daiichi Sankyo on Monday announced that it would exit from Indian giant Sun Pharmaceuticals by selling its 8.9% stake in the latter, in block trades at the stock market.
Indian Hotels Company Ltd (IHCL), which runs the iconic Taj Group of hotels, is restructuring its operations to reign in high debt, while continuing to expand its presence in India and abroad.
There have been no takers from the private sector for the top position in leading public sector banks, including Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank and IDBI Bank.
A new report debunks arguments long made by H-1B critics to say foreign workers don’t cost less, don’t replace natives and the US is indeed short of STEM workers, and needs help.
Amid a volatile equity market, financial advisers had a word of caution: make informed and well-researched decisions before shuffling around the portfolio with a medium-to-long-term savings plan in mind.
Logging its biggest fall of the year, the rupee on Monday plunged by 55 paise to close at over one-month low of 62.91 against the greenback amid sustained demand for dollars from importers.
India has expressed deep disappointment over the non-implementation of IMF quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.
Foreign investors have been vocal in their criticism of the recent Rs 40,000 crore tax demand on FIIs, but Indian companies feel there is nothing wrong, and the investors should not hesitate to pay up the dues.
China may be the global electronics factory, but it is neighbouring Taiwan that India is increasingly looking at to drive its ‘Make in India’ initiative.
To reduce rupee volatility on account of higher inflows and increase forex reserves to cushion any external shock, the Reserve Bank (RBI) bought the highest amount of dollars, after a gap of seven years, at USD 49.2 billion in April-February of the past fiscal.
The government is looking at ways to convince reluctant banks — hit by mounting bad loans — to lend more to the cash-starved infrastructure sector and kick-start roads, ports and power projects, critical to create jobs and catalyse growth across farms and factories.