Airlines to post nearly Rs 500 cr losses in Q2

The aviation sector is likely to post collective losses of around Rs 500 crore for the July-September financial quarter on account of softening yields per passenger and record fuel prices in the initial days of the quarter, say analysts.

TCS: perched precariously

TCS recently announced the acquisition of Citigroup’s stake in CGSL, the India-based captive BPO arm of Citibank for an all-cash consideration of $505 million.

Large hiring might impact Infy margins: analysts

Despite the global meltdown, Infosys Technology will maintain its plan to hire 25,000 people in the current financial year.

Worst week for equities as fear grips mkt

Nothing seems to be stopping the downward spiral in the markets at the moment. So, even when central banks around the world came together and demonstrated a concerted effort to shore up liquidity, the markets all around the world tanked. However, Indian fund managers still see hope.

Ranbaxy upbeat as US DOJ pulls out motion

Ranbaxy Laboratories Ltd can breathe a sigh of relief. And the first sign of it was reflected in its share price, which soared 9% to close at Rs 279 on BSE on news that the US department of justice has withdrawn motion against the company.

Stars play their game on bourses too

The bears and bulls have been at war where the bears have beaten down our stock market to new lows. All along, the planets above have been silently realigning themselves and the future appears brighter.

Tulip Telecom: bucking trends

At a time when all the bigwigs were getting plundered and the markets are in the grip of fear, Tulip Telecom stock has been showing positive movement.

RNRL submits parts of Ambani pact to HC

The counsel for Anil Ambani-owned Reliance Natural Resources Ltd, Ram Jethmalani, on Wednesday submitted relevant parts of the MoU between the Ambani brothers at the time of the demerger of the Reliance empire to the Bombay High Court along with an affidavit under copy to Mukesh-owned Reliance Industries.

Auto financiers ignore CRR cut, hike interest rates

Despite a 50 basis point cut in cash reserve ratio by the Reserve Bank of India, leading auto finance banks have either hiked the interest rates by 100 bps or are planning to do it shortly.

ICICI Venture to raise healthcare corpus, buy into more hospitals

Leading private equity firm ICICI Venture is betting big on the country’s healthcare sector by expanding I-Ven Medicare, a $250 million fund set up as the lead vehicle for the former's investments and buyouts in the healthcare sector.

Spice-Spanco tie-up to create India’s largest BPO firm

Spice Televentures Ltd, part of the $1.5 billion Spice Group and Spanco Telesystems and Solutions Ltd have merged their three domestic BPO entities to form the country’s largest domestic BPO company in terms of employees.

Bombay Rayon Fashions: integrating ahead

In these tough situations, Bombay Rayon Fashions is steadily increasing its competitive advantage in the market place and is one of the stocks being watched closely by analysts.

Airtel rolls out DTH in 62 cities

In the history of television content distribution business, the year 2008 will definitely go down as the year of “Direct-To-Home”.

RNRL to place Ambani MoU in court today

RNRL counsel Ram Jethmalani on Tuesday told the Bombay High Court that the memorandum of understanding (MoU) signed by the Ambani brothers before the demerger of the Reliance Group in 2006 is kept ready in all respects and will be filed in the court.

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