IT-BPM industry feeling the pinch of global slowdown, political uncertainties

India’s services sector growth, which was highly resilient even during the global financial crisis, has been showing moderation in recent times, the Survey said. However, pick up is seen in recent months with some segments of the sector showing better performance. This is also reflected in the Nikkei Services PMI of India which rose to 53.1 in June More...

by Loknath Das | Published 1 week ago
By Loknath Das On Saturday, August 5th, 2017
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Infosys says no plans to make investigator’s report on ‘misgovernance’ public

Infosys Ltd has declined a request from its most high-profile founder NR Narayana Murthy to make public the report of an external consultant appointed to look into the charges of misgovernance. Murthy, who was More...

By Loknath Das On Tuesday, August 1st, 2017
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Google India announces Made in India initiative

Google India today announced its ‘Made in India’ initiative while reaffirming its commitment to help developers find success by building high quality products “for India by India”. The company said that More...

By Loknath Das On Tuesday, July 25th, 2017
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Reliance Capital’s shareholders approve demerger scheme

Financial services major Reliance Capital on Monday said its shareholders have approved the demerger scheme for Reliance Home Finance. According to the company, the demerger scheme — which will facilitate More...

By Loknath Das On Friday, July 21st, 2017
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ITC shares tank 15% as govt hikes cigarette cess

Shares fell on Tuesday from record highs hit in the previous session as the country’s biggest cigarette maker and index heavyweight ITC Ltd plunged after the federal government increased tax on cigarettes. Tax More...

By Loknath Das On Monday, July 17th, 2017
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US firms face hiring difficulties, business survey says

A growing share of US employers are struggling to hire new workers and some have raised wages as a result, according to a survey released Monday. The National Association of Business Economists said its quarterly More...

By Loknath Das On Friday, July 14th, 2017
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Tata Motors Global Sales Fall 1.7% In June

New Delhi: Tata Motors on Wednesday reported a 1.71 per cent decline in global sales at 90,966 units last month, including Jaguar Land Rover (JLR). Tata Motors had sold 92,551 units in June 2016, it said in a statement. In More...

By Loknath Das On Tuesday, July 11th, 2017
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Car, Passenger Vehicles Sales Drop 11% In June

New Delhi: Domestic passenger vehicle sales declined by 11.21 per cent to 198,399 units in June from 223,454 units in the same month last year. Domestic car sales were down 11.24 per cent to 136,895 units as against More...

By Loknath Das On Saturday, July 8th, 2017
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Glenmark Pharma Gets USFDA Nod For Hypertension Medicine

New Delhi: Glenmark Pharmaceuticals has received final approval from the US health regulator for Amlodipine and Olmesartan Medoxomil tablets, used in the treatment of hypertension. “Glenmark Pharmaceuticals More...

By Loknath Das On Tuesday, July 4th, 2017
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Reliance Jio Grabs 6.4% Market Shares In 2016

New Delhi: Leading telecom majors Bharti Airtel, Vodafone and Idea Cellular saw their market shares shrinking in 2016, giving way to aggressive newcomer Reliance Jio that ended the year with 6.4 per cent market More...