Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints were among the other laggards from the 30-share pack. Maruti, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank were among the gainers.
Mphasis BFL Group has entered into a definitive agreement to acquire Kshema Technologies for approximately $21 million through a combination of stock and cash.
The board of Mphasis BFL Ltd has recommended a bonus issue of equity shares in the ratio of one share for every one share held (1:1).
Mphasis BFL has reported a 29 per cent dip in its net profit at Rs 9.02 crore (Rs 90.2 million) for the first quarter ended June 30, 2005 as compared to Rs 12.79 crore (Rs 127.9 million) in Q1 FY05.
As a step to entrench its consumer finance business, Bajaj Finance (BFL) plans to scale up its business-to-business (B2B) activity, both in terms of volume as well as value. It plans to add up to 1,000 cities in the next three years and this will mark its presence in around 5,000 cities. The expansion activity will be more in Northern and Eastern India.
Bharat Forge bore the brunt of profit booking despite posting sterling results, easing from its new 52-week high of Rs 221.65. \n\n\n\n
Mphasis BFL Ltd's MsourceE and Accenture agreed to work together in India to offer class call center BPO services.
With passage of the nuclear liability Bill, the heavy engineering supply chain, led by Bharat Heavy Electricals Ltd (BHEL), Larsen & Toubro (L&T) and Bharat Forge Ltd (BFL), is gearing to take up the challenge ahead.
The board of directors of Bajaj Auto, which met on Thursday, approved a proposal for the demerger of the company.
Jerry Rao will be appointed vice president and general manager of the India operations of Electronic Data Systems.
Mutual funds bought pharma, manufacturing, auto, and FMCG stocks in June.
Mphasis BFL Ltd on Wednesday announced the appointment of Alok Misra, as chief financial officer and Abnash Singh, as chief information officer of the company.
IT company Mphasis BFL Ltd has acquired US-based Eldorado Computing Inc, a healthcare insurance business process outsourcing outfit, for $16.5 million in an all cash deal.
BPO solutions provider Mphasis BFL said on Wednesday it will merge the entire business and undertaking of EDS Electronic Data Systems (India) with itself.
Global IT services giant Electronic Data Systems Corporation has completed the acquisition of MphasiS BFL Ltd, the leading software applications and BPO company.
The shares of MphasiS BFL gained over 6 per cent on the Bombay Stock Exchange on market speculations.
Mphasis BFL Group on Monday said it would acquire London-based consulting company Princeton Consultings in an all cash deal for £7.73 million.
India's booming outsourcing sector has been hit by a fraud again.
Baring Private Equity Partners on Monday denied any plans to restructure MphasiS BFL or its management team.
Bangalore-based information technology company Mphasis BFL Ltd will acquire Onida Infotech Services, a division of MIRC Electronics Ltd, for Rs 3 crore in an all cash deal.
Leading IT companies i-flex Software and Satyam Computers have made their way to Forbes Global's list of 100 'best under a billion' companies in Asia Pacific.
While its results seem satisfactory at first glance, the fact that MphasiS has been able to continue with its growth momentum in both its business segments is a positive sign.
The Sensex closed at 11,706.85 up 87 points. The Nifty gained 25 points to close at 3426.
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