Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Sensex to hit record high in 2015, but analysts cut forecast
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Shah had pleaded guilty in 2012 to securities fraud in a parallel civil insider trading case case.
Reema Shah pleaded guilty to insider trading and cooperated with the US government for accepting insider info from a Yahoo! executive
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
Markets end in red; bluechips struggle to keep pace.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
One of the reasons for the failure, say industry experts and financial analysts, is that Emami strayed too far from its core with sanitary napkins.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Feel the pinch of predatory pricing by e-tailers
Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities
Justice S P Garg posted the matter for July 16.
Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances.
Consumer prices were forecast to have risen 10.00 per cent annually last month, barely changed from the 10.09 per cent clocked in October.
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.
About 55 per cent of the public offers that hit the market since 2008 are still trading below their issue price.
Reducing dependence on wholesalers will give the company better control over its inventory, besides offering greater visibility to new brands, reports Avishek Rakshit.
This is the first time that sales of smartphones exceeded that of feature phones.
A pick-up in low-cost cigarette consumption helped India's largest cigarette maker boost margins
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
Profit of $18 billion was the biggest ever reported by a public company, worldwide.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
RIL estimates output from KG-D6 could reach up to 60 mscmd in the next five years, when all satellite fields are brought into production.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
Michael Dell clinched shareholder approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker.
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
Investors accumulated quality stocks at valuable and attractive levels.
Companies asked to give data for three batches instead of one; move may lead to significant rise in development cost of generics
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
It see modest improvements such as a fingerprint sensor.
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