Q1 earnings of Big 5 IT firms may dip 10%

A cross-section of analysts polled by FE estimated that first quarter results for financial year 2007-08 will see an impact on margins by 300-350 basis points on a sequential basis, and companies giving wage hikes will take a hit of 350-400 basis points.

SC relief for Morgan Stanley BPO

The Supreme Court on Monday held that global investment banker Morgan Stanley was not liable to pay any extra taxes since it had compensated local subsidiary Morgan Stanley Advantage Service (MSAS) at arms-length.

Q1 earnings of Big 5 IT firms may dip 10%

This comes amid concerns about the steep appreciation of the rupee against all major currencies, the incremental cost of visa charges, recruitment of non-billable trainee engineers and annual salary hikes.

Taj Mahal to now lure developers, retailers

Property developers and consultants across the country are keenly watching the inclusion of the Taj Mahal as one of the new Seven Wonders of the World.

Q1 earnings of Big 5 IT firms may dip 10%

A cross-section of analysts polled by FE estimated that first quarter results for financial year 2007-08 will see an impact on margins by 300-350 basis points on a sequential basis, and companies giving wage hikes will take a hit of 350-400 basis points.

Railways make a killing on the Net with ticket sales

The railways have never had it so good. Online ticket sales are keeping the railways’ cash register ringing. Figures available with FE show the railways sold over Rs 700 crore worth of e-tickets in 2006-07.

SEZ old machinery rules set to ease

Units in Special Economic Zones (SEZs) will soon be permitted to shift in second-hand equipment worth up to 20% of their total investment. This is a departure from existing provisions in the SEZ Rules which specify that the entire investment in SEZs should be ‘fresh’, thereby disallowing the relocation of second-hand equipment

GoM favours freeing export of iron ore

The group of ministers (GoM) on the National Mineral Policy 2007, headed by Shivraj Patil, has given its green signal to continue with the present policy of exporting iron ore. It further proposes to allow the allocation of captive iron ore blocks to all steel companies.

Against odds, Sensex breaches 15k mark

After a fast-paced 2006 and a comparatively sanguine 2007, the 30-share BSE Sensitive Index finally breached the 15,000-mark in afternoon trades on Friday.

Govt split over easing overseas flying norms

Cracks have emerged within the government over the policy of allowing private carriers to fly abroad, with the ministries of external affairs and home opposing any move to dilute existing norms.

ICICI Bank NPAs jump 118%

A strong retail focus has seen deterioration in the asset quality of India’s leading private banking sector player, ICICI Bank.

Centre may open farm gate to FDI

International companies like Pepsi, Coca-Cola and even Cargill may soon be able invest directly in the country’s agriculture sector.

Wheat import likely to cost up to $370 a tonne

India’s attempt to import 1 million tonne of wheat may face further problems as the prices quoted by bidders in response to the recent tender are in the range of $318-370 a tonne, up to 40% higher than the price quoted in bids received earlier.

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Q1 earnings of Big 5 IT firms may dip 10%

SC relief for Morgan Stanley BPO

Q1 earnings of Big 5 IT firms may dip 10%

Taj Mahal to now lure developers, retailers

Q1 earnings of Big 5 IT firms may dip 10%

Railways make a killing on the Net with ticket sales

SEZ old machinery rules set to ease

GoM favours freeing export of iron ore

Against odds, Sensex breaches 15k mark

Govt split over easing overseas flying norms

ICICI Bank NPAs jump 118%

Centre may open farm gate to FDI

Wheat import likely to cost up to $370 a tonne

SUUTI mulls retail role in capital plan

Jet Airways net plunges 94% in FY07

Hindalco shares up 18% in June

TCS ranks among top global IT firms

Centre mulls new norms to track foreign investment

Alag Andaaz for Hamara Bajaj

IIFCL arm likely to lend at Libor

Directors’salaries could be freed of 11% of profit cap