Companies - Company and Industry News

Infosys Q1 profit up 17 pct, beats forecast

Infosys reported a 17.2 per cent rise in quarterly profit, as it boosted sales in newer markets.

Tech Mahindra to hike Satyam stake to 42.7 pct

After the preferential allotment Venturebay's stake in Mahindra Satyam would be 42.7 per cent.

Govt not to sell 10 pct stake in Bhel

The government is not considering selling a 10% stake in power equipment manufacturer Bhel, Parliament was informed on Thursday.

Why entrepreneurs choose the informal sector

A recent report of the International Finance Corporation ranked 17 different states on the ease of doing business by surveying the major cities in these states.

India-targeted M&A lowest in 3 years

M&A activities involving Indian companies have slumped to USD 19.9 billion so far in 2009.

Tech Mahindra to hold 50.42 pct in Satyam

TechM's stake will go up to 50.42 pct following a preferential allotment of 19.86 lakh shares.

'Maytas to execute orders worth Rs 8,000 cr'

Despite losing the Hyderabad Metro project, Maytas Infra said that it has an order book of Rs 8,000 crore.

Top guns to sit on AI advisory board

Air India is in the process of having a seven-member international advisory board to turn the organisation around.

Air India needs Rs 4,500 cr bailout package

Air India would need a package of around Rs 4,500 cr to bring the national carrier out of crisis.

Govt approaches Ratan Tata for heading AI

Govt is understood to have approached industrialist Ratan Tata to head an advisory board of the ailing Air India.

IT firms Q1 net seen up, prospects cloudy

Infosys, which is seen as a trend setter, will be first to off the blocks with Q1 results on Friday.

Does India need long-term foreign trade policy?

With no clear signs of stability in the export sector, the government is in a dilemma whether to come out with a five-year Foreign Trade Policy.

Oil PSUs to invest Rs Rs 57,475 cr this fiscal

ONGC will invest Rs 20,867.58 crore in 2009-10 fiscal, while IOC has planned Rs 11,561 crore.

Moser Baer India FY'09 net loss at Rs 150.86 cr

Moser Baer India reported a net loss of Rs 150.86 crore for the year ended March 31, 2009.

PSU public offers will kick off next month

A day after finance minister Pranab Mukherjee promised a blueprint for disinvestment after “discussions with stakeholders”, the power, oil and steel ministries have begun walking the talk. The PSU sell-off programme will be launched with an initial public offering by National Hydroelectric Power Corporation in August, followed by Oil India Ltd in September. The steel ministry, meanwhile, has begun identifying potential candidates for stake sales from among a dozen or so PSUs in the next few months.

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