Mumbai: Shares in Tata Consultancy Services were up 2.3 per cent on Friday after its quarterly profit exceeded forecasts, while Infosys fell after cutting its sales guidance by more than expected. The contrasting performances by India's two biggest software services exporters tracked their earnings results out on Thursday. Infosys shares were down 0.8 per cent after falling 8.4 per cent on Thursday on the back of disappointing results, which were...
11:32 AM, Jul 13, 2012
Mumbai: India's top software services provider Tata Consultancy Services reported slightly better-than-expected results for April-June, a stark contrast to its rival and number two Infosys, which had earlier in the day disappointed the street with a lower-than-expected quarterly profit and cut its full year US dollar revenue guidance sharply. TCS first quarter net profit rose 38 per cent year-on-year (14.6 per cent sequentially) to Rs 3,280.5 crore, while revenue was...
09:23 AM, Jul 13, 2012
New Delhi: China's overpowering economic strength is not a real concern but a way should be found by India to be an ally with it, according to Tata Group Chairman Ratan Tata. Describing India-China relationship as "not adversarial, but it is not the best", he, however, added, "you know China has never done anything adversarial to India, and India, I think, has been more concerned about China's economic strength overpowering...
07:50 AM, Jul 10, 2012
New York: Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are state-run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year. Mukesh Ambani-led Reliance Industries is the first Indian...
09:08 PM, Jul 09, 2012
New Delhi: China's assisting and arming Pakistan has made "it a second class enemy", but its economic strength overpowering India is not a real concern, according to Tata Group Chairman Ratan Tata. "China has of course been assisting and arming Pakistan, which is like a red flag to India and that already makes it a second class enemy," Tata said in an interview telecast on Bloomberg UTV. Describing India-China relationship...
04:04 PM, Jul 09, 2012
Morgan Stanley has lowered its target price on Tata Motors to Rs 240 from Rs 291 and maintains its "equal-weight" rating on the stock. The investment bank said that Tata's Jaguar Land Rover's product cycle was entering a "slow phase," while India's medium and heavy commercial vehicle cycle was "weak", and the environment for luxury cars was becoming "more competitive." Morgan Stanley added that although volumes were "holding up well"...
11:55 AM, Jul 06, 2012
Ahmedabad: The opposition Congress has now entered the ongoing poster campaign against Gujarat Chief Minister Narendra Modi. Congress workers on Wednesday took out a procession in the city, carrying posters of Modi, inspired by the poster of the Bollywood film 'Gangs of Wasseypur'. 'Gangs of Chorpur' was the caption on the poster, and the tagline, put in Modi's mouth, told the people that they would be exploited till the next...
10:39 AM, Jul 05, 2012
Mumbai: The GSM service operator Tata Docomo today announced a steep 60 per cent reduction in its tariffs for its wireless Internet service under the Tata Photon Plus brand name, for both pre-paid and postpaid customers apart from a cash-back offer for postpaid users. Tata Docomo is the unified telecom brand of Tata Teleservices. Under the new tariff plan, postpaid customers can choose from unlimited 6GB usage for only Rs...
01:25 PM, Jun 30, 2012
Jamshedpur: Production will be halted at Tata Motors block in Jamshedpur for three days from Thursday because of the 'prevailing economic condition', the company said on Wednesday. "A block closure has been announced from June 28 to 30 in the Jamshedpur plant," Tata Motors spokesman P J Singh said. "We are market driven company that is why we have taken the decision," Singh said when asked for the reason. "The...
05:25 PM, Jun 27, 2012
New York: Tata Sons Chairman Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation here for innovation in philanthropy. The Foundation, celebrating 100 years of global innovation, honoured individuals and institutions with its second annual Innovation Awards here yesterday. Speaking on the occasion, Tata said businesses should be sensitive to the fact that they are making a difference in places where they operate and they...
12:52 PM, Jun 27, 2012
Kolkata: A day after the Calcutta High Court struck down the law undoing Singur land acquisition, the Mamata Banerjee government on Saturday kickstarted a damage control exercise, calling a meeting of a virtually defunct panel that had played a key role in the movement against farmland acquisition. Chief Minister Mamata Banerjee, several of her cabinet colleagues and intellectuals attended the meeting of the "Krishi Jami Jibon Jibika Rakha Committee" (Save...
03:12 AM, Jun 24, 2012
Kolkata: In wake of the Calcutta High Court holding as unconstitutional the Singur Land Development Act, West Bengal Chief Minister Mamata Banerjee on Friday said her government was with the farmers and committed to return of land to them. "Unwilling farmers in Singur will get back their land. The state government is committed to it," Banerjee said in the assembly premises after the high court held the Singur Land Rehabilitation...
04:29 AM, Jun 23, 2012
Mumbai: Tata Motors on Friday said it will study the Calcutta High Court verdict that held as 'unconstitutional' an Act under which the West Bengal government had vested land at Singur leased to the auto major. "Tata Motors will study the judgement of the Calcutta High Court," a company spokesperson said. In a setback to the Mamata Banerjee-led government, the High Court on Friday held as unconstitutional and void the...
02:59 AM, Jun 23, 2012
Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
11:55 PM, Jun 22, 2012
It has been more than 40 hours since five-year-old Mahi fell into a borewell in a village in Manesar, Haryana. Rescue efforts are on and are said to be in their last leg. ...
11:16 PM, Jun 22, 2012
Kolkata: In a setback for West Bengal Chief Minister Mamata Banerjee, the Calcutta High Court on Friday declared null and void the controversial Singur Land Act of 2011. The law was enacted to reacquire land initially allotted to Tata Motors for the Nano project. However, despite the setback, Banerjee says she is committed to returning land to the farmers. There seems no end to the woes of the Trinamool Congress...
09:40 PM, Jun 22, 2012
Kolkata: In wake of the Calcutta High Court holding as unconstitutional the Singur Land Development Act, West Bengal Chief Minister Mamata Banerjee on Friday said her government was with the farmers and committed to return of land to them. "Unwilling farmers in Singur will get back their land. The state government is committed to it," Banerjee told reporters in the assembly premises after the high court held the Singur Land...
02:20 PM, Jun 22, 2012
Kolkata: In a huge setback to Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee, the Calcutta High Court on Friday held the Singur Land Rehabilitation and Development Act, 2011 as unconstitutional and void. Favouring Tata Motors' appeal against a trial court order upholding the Act, the High Court gave the West Bengal government two-months time to appeal before the Supreme Court. The Singur Land Rehabilitation and Development Act...
11:27 AM, Jun 22, 2012
Kolkata: The verdict on Tata Motors' appeal against a trial court order upholding the Singur Land Rehabilitation and Development Act 2011 will be pronounced on Friday by the Calcutta High Court. Tata Motors had challenged the order of the single bench of the Calcutta High Court which had upheld the Singur Land Rehabilitation and Development Act, 2011, by which the West Bengal government vested the land leased to the company...
08:36 AM, Jun 22, 2012
