India’s tech posterboys and cross-town rivals Infosys Technologies and Wipro have shown interest in buying out the US-based high-end analytics company MarketRx. The indicative valuation of MarketRx is seen between $150 million and $160 million (Rs 615-650 crore), sources said.
This is probably the first time the Bangalore-headquartered Infosys and Wipro are seen chasing the same […]
The empowered group of ministers’ (eGoM) likely approval of Reliance Industries’ (RIL) gas formula may be a big step forward in the resolution of the pricing controversy, but it may not be enough to get the gas flowing into the market by June 2008.
RIL will need to enter into legally-tenable gas sales contracts with its […]
However, according to the company’s director Jayesh Shah the recast plans has nothing to do with the appreciating currency.
“We have taken up restructuring exercise. But it is not a move to address the rupee appreciation. We were to do this almost a year back, but it had been done now. With this restructuring, now […]
The upcoming World Energy Outlook 2007 will study this phenomenon and its potential implications. While Russia has consolidated its position as a dominant oil and gas producer, the Organisation of the Petroleum Exporting Countries (OPEC) continues to control the largest reserves.
On the other hand, OECD production is on the decline, with the exception of non-conventional […]
Q1 manufacturing growth is at 11.9% versus 12.3% YoY.
Q1 agriculture growth is at 3.8% versus 2.8% YoY.
Q1 construction growth is at 10.7% versus 10.5% YoY.
Q1 mining growth is at 3.2% versus 3.7% YoY.
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Currently, the Centre holds 59.73 per cent stake in SBI, which is the country’s largest commercial bank. The Centre had in June this year acquired the entire shareholding of the RBI in SBI.
In its report tabled in the Lok Sabha on Thursday on the State Bank of India (Amendment) Bill, 2006, the Standing […]
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GMR Infrastructure Ltd has informed BSE that October 08, 2007 has been fixed as the Record Date for the purpose of split of each equity shares of Rs 10/- each into 5 equity shares of Re 2/- each.
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Finance Minister P Chidambaram says Q1 GDP growth is ’satisfactory’. The FM said he will ensure that investment remains buoyant and productive sectors get enough loans. Chidambaram said that investment and manufacturing in the Indian economy remains robust. He is confident of clocking 9% GDP growth in FY08.
According to Chidambaram, buoyant investment is driving growth, […]
IT major Satyam Computer today kick-started its ambitious digital car project, Hera FxV - a technology demonstrator aimed at attracting research and development in the automotive sector to the country.
B Ramalinga Raju, chairman and founder, Satyam Computer Services, launched the initiative at a Confederation of Indian Industry (CII) conference - e-Automotive R&D 2007: The Opportunities […]
