NEW DELHI: Tata Consultancy Services, India’s largest software exporter, reported first-quarter profit growth of 28% after clients outsourced more computer services. Net profit increased to Rs 2,380 crore ($535 million) in the three months ended June 30, 2011 from Rs 1,860 crore a year earlier, Mumbai-based Tata Consultancy said in a statement on Thursday. The [...]

MUMBAI: The Indian rupee rose marginally by one paise to Rs 44.48 per US dollar in opening trade on the Interbank Foreign Exchange today, supported by a higher opening in the stock market. The rupee had appreciated by 3 paise to close at Rs 44.49/50 against the US dollar in the previous session on mild [...]

MUMBAI: The Bombay Stock Exchange benchmark Sensex rose by over 105 points in opening trade today, with IT stocks leading the gains after Tata Consultancy Services posted a 26.7 pc rise in Q1 profit to Rs 2,415 crore. The 30-share index of the Bombay Stock Exchange, which has gained 206.58 points in the past two [...]

NEW DELHI: Ford drove in the international Fiesta sedan in India on Thursday with an entry price of Rs 8.23 lakh (ex-showroom Delhi), significantly higher than rivals like Honda City, Hyundai Verna and Volkswagen Vento. The US car major has seen a revival of sorts in India after the launch the Figo last year. It [...]

MUMBAI: If the data on the movement of sensex soon after terrorist attacks in India over the past ten years and the resilience of the people of Mumbai is anything to go by, then the stock market is expected to hold up when it opens for trading on Thursday. While chieftains of India Inc and [...]

MUMBAI: The BSE benchmark sensex declined by 100 points in early trade due to selling pressure in the IT sector after Moody’s Investors Service said it may cut the United States’ triple-A credit rating.Bomb blasts in three places in Mumbai on Wednesday evening and weak Asian cues also dampened the market sentiment. Among the 30-member [...]

MUMBAI: The Indian rupee moved up further by 8 paise to 44.44 against the American currency in early trade due to persistent selling of dollars by banks on the back of weak dollar in overseas market. At the Interbank Foreign Exchange, the rupee resumed higher at 44.45/46 per dollar as against the last closing level [...]

AHMEDABAD: Young entrepreneurs in the state will now get financial support and mentoring from the Institute of Management, Ahmedabad (IIM-A) grads. The Ahmedabad Chapter of the alumni of IIM-A have decided to extend a helping hand to startup companies in Gujarat. The 500-member strong alumni association will join hands with IIM-A’s Centre for Innovation Incubation [...]

MUMBAI: Europe’s leading online payment service provider Ogone will enter India through an acquisition buoyed by the booming domestic e-commerce engines. The Brussels-based Ogone, in which private equity giant Summit Partners is a majority investor, has been in takeover discussions with local online payment firms like EBS as it makes the first move outside of [...]

MUMBAI: India has overtaken Spain to become the 11th largest insurance market in the World. But while the Indian market has jumped up 10 places in the last decade, Indian companies individually are yet to make their presence in global rankings because of their localized operations. According to a report on world insurance markets in [...]