Monday, August 1, 2011

Mphasis buys US company

Mphasis buys US company

Mphasis buys US company

Posted: 01 Aug 2011 07:31 PM PDT

IT services company Mphasis is acquiring Wyde Corporation, a US-based software vendor and creator of Wynsure, an insurance policy administration solution.

New Article

Posted: 01 Aug 2011 07:26 PM PDT

Tube Investment of India's sales were up by 22% at Rs 869 crore for the quarter ended June 30 as against the Rs 713 crore reported in the same quarter last year.

Arcelor goes hostile for Macarthur

Posted: 01 Aug 2011 07:22 PM PDT

Peabody Energy and ArcelorMittal launched a hostile A$4.7 billion ($5.2 billion) bid for Macarthur Coal.

HSBC sheds 30k jobs, but posts surprise rise in profit

Posted: 01 Aug 2011 06:54 PM PDT

HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in firsthalf profit.

New rules for alternative investment

Posted: 01 Aug 2011 06:50 PM PDT

Market regulator Sebi on Monday proposed new rules for Alternative Investment Funds (AIFs) and other private equity funds, pooling in capital from HNIs and corporates.

Pleasing few, US debt deal to go to vote

Posted: 01 Aug 2011 06:22 PM PDT

Democratic and Republican leaders in the Congress began making their final arguments on behalf of Sunday's debt ceiling deal to skeptical members in advance of votes in both chambers.

Essar Energy completes Stanlow deal

Posted: 01 Aug 2011 05:57 PM PDT

Essar Energy, the Ruias' flagship for oil business, has set a deadline of 100 days to improve operations and efficiency of the UK's second-largest refinery located at Chester.

Car sales fall by 15 per cent in July: Crisil

Posted: 01 Aug 2011 08:29 AM PDT

Car sales in India fell by around 15 per cent in July compared to a growth of 38 per cent in the same month last year, according to a report released by Crisil Research.

Rupee gains 11 paise against dollar

Posted: 01 Aug 2011 05:48 AM PDT

Tracking smart gains in the domestic stock market, the rupee on Monday gained 11 paise to close at 44.07/08 against the US currency on fresh dollar selling by exporters and some banks.

Bharti proposes up to Rs 70cr pay package for Mittal

Posted: 01 Aug 2011 05:26 AM PDT

Bharti Airtel on Monday proposed an annual pay package of up to Rs 70 crore for its chief Sunil Mittal, besides other benefits, while seeking its shareholders' nod for his remuneration.

HSBC to cut 30,000 jobs by 2013

Posted: 01 Aug 2011 05:23 AM PDT

British banking group HSBC said on Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the US, part of a new strategy to focus on fast-growing emerging markets.

HSBC to cut 30,000 jobs

Posted: 01 Aug 2011 05:23 AM PDT

British banking group HSBC said on Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the US, part of a new strategy to focus on fast-growing emerging markets.

India's first payment for Iranian oil in 5 months

Posted: 01 Aug 2011 05:14 AM PDT

India has made its first payment in more than five months for crude oil its buys from Iran when a USD 100 million wire-transfer by Mangalore Refinery and Petrochemicals Ltd (MRPL) was received by Tehran via Turkey.

Vedanta-Cairn deal gets formal approval

Posted: 01 Aug 2011 04:53 AM PDT

Conditions on the long-delayed sale include an undertaking from Cairn India that it and state-controlled ONGC will share the burden of royalty payments which are currently only paid by ONGC.

e-payment mandatory for import duty of over Rs 1 lakh

Posted: 01 Aug 2011 04:37 AM PDT

In a circular, the Central Board of Excise and Customs (CBEC) has said that in case of accredited importers the e-payment method would be applicable irrespective of the amount of duty.

Sensex gains 117 points on US debt deal

Posted: 01 Aug 2011 04:29 AM PDT

Snapping a four-day fall, the BSE benchmark Sensex on Mondy rose 117 points on firm global cues after the US lawmakers reached an agreement at the eleventh hour to raise the country's debt ceiling to avoid a default.

'Economy to grow at 8.2% in this fiscal'

Posted: 31 Jul 2011 11:58 PM PDT

In its report on the state of economy, the PMEAC said: "The projected growth rate of 8.2 per cent, though lower than the previous year, must be treated as high and respectable given the current world situation."

Exports up by 46.4% in June

Posted: 31 Jul 2011 11:40 PM PDT

India's exports grew by an impressive 46.45 per cent to USD 29.21 billion in June, 2011, despite uncertainty in the US and European markets.

Mphasis to acquire US-based Wyde Corp

Posted: 31 Jul 2011 11:24 PM PDT

IT software solutions firm Mphasis on Monday said it will acquire US-based Wyde Corporation for an undisclosed amount.

Sensex snaps 4-session losing string

Posted: 31 Jul 2011 10:43 PM PDT

The BSE benchmark Sensex snapped a four-session losing streak by gaining 133 points in early trade today on fresh buying in IT, realty and auto stocks as global markets cheered US lawmakers' move to raise the country's debt ceiling and avoid a default.

Rupee gains 14 paise against US dollar

Posted: 31 Jul 2011 10:31 PM PDT

The Indian rupee strengthened by 14 paise to Rs 44.04 against the US dollar in early trade on the Interbank Foreign Exchange on Monday, boosted by a higher opening in the stock market.

Gold falls 1% as Obama announced US debt deal

Posted: 31 Jul 2011 09:01 PM PDT

Gold fell more than 1% on Monday, after US President Barack Obama said a deal to reduce the country's deficit had been reached, dampening safe-haven interest that has propelled the precious metal to record highs in recent weeks.
Posted by Harshad at 9:57 PM

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