Moneycontrol News Archive
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iGATE relies on new clients for growth
14th April, 2005 18:51
iGATE CEO Phaneesh Murthy says that the company has migrated towards the industry standard in onsite and offshore mix of 34-66%. He expressed hope that the current
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ABB to sustain high margins in FY06
14th April, 2005 18:01
ABB has posted good margins, despite rising input costs, because of its core operational efficiency and help from its global parent. The company hopes to sustain i
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Infy to firm up euro hedging in FY06: Pai
14th April, 2005 16:28
Infosys says, its hedging policy is suitably designed to protect its business from rupee-dollar fluctuations, but euro fluctuations may impact the company's margin
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Reliance Energy Q4 net at Rs 155cr
14th April, 2005 15:52
Reliance Energy has posted a net profit of Rs 155 crore for the quarter ended March 31, 2005, as compared to Rs 103.70 crore last year. Total income has increased
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Ranbaxy, NCL, DST ink pact for R&D
14th April, 2005 15:23
Ranbaxy Laboratories Ltd, Ranbaxy, has announced that it has entered into a collaborative agreement with the National Chemical Laboratories, NCL, Pune and the Depa
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Infosys could end year with EPS of Rs 90
14th April, 2005 14:54
Nilesh Shah of Kotak Securities, is of the opinion that the Infosys EPS value projection will be more or less the same in lines with the analysts expectations.
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ABB Q1 net up 63% at Rs 27.50 cr
14th April, 2005 14:22
ABB has posted a rise of 63% in its Q1 net profit at Rs 27.50 crore.
The company's Q1 revenues are up 38% at Rs 619.6 crore.
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GDP growth at 7% for 2004-05: EAC
14th April, 2005 13:05
The EAC's March report card says that the GDP grew by around 7% for 2004-05, marginally up from February 05 estimate of 6.9%. The EAC has predicted FY05 trade defi
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Infosys EPS seen at Rs 95 for FY06: Rohira
14th April, 2005 12:28
Priya Rohira of REFCO-Sify says that Infosys numbers are the combination of an improvement in gross profit margin and flat selling in marketing expenses. She expec
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Tata Power's Q4 net seen up 149%: Poll
14th April, 2005 11:53
According to a poll conducted by CNBC-TV18, Tata Power's fourth quarter net profit is expected to grow 149% from Rs 54.3 crore to Rs 135.30 crore.
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Infosys guidance likely to be scaled: Shah
14th April, 2005 11:43
Nilesh Shah of Kotak Securities says, the Infosys Q4 numbers are reasonably in line with expectations, and the guidance figures may also be surpassed. Billing rate
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iGATE's Q4 net up at Rs 2.20 crore
14th April, 2005 10:42
iGATE Solutions net profit is up to Rs 2.20 crore from Rs 20 lakh quarter-on-quarter. Its revenue is up to Rs 145.60 crore from Rs 143.46 crore.
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Infosys first quarter to be flat: Nilekani
14th April, 2005 18:07
Nandan Nilekani of Infosys says that Infosys guidance for the first quarter is expected to be flat as customers are preoccupied with some other compliance issue an
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Clients pre-occupied with compliance: Infy
14th April, 2005 17:41
According to Kris Gopalakrishnan, Chief Operating Officer and Deputy Managing Director of Infosys Technologies Limited, there was a slow down in their volume growt
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Progeon margins around 25%: Nilekani
14th April, 2005 16:50
Progeon has done better than most of Infosys’s other business, said Nandan Nilekani, CEO, President & MD, Infosys. SD Shibulal and Akshay Bhargava said that Pr
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More employees to be added next year: Infy
14th April, 2005 16:09
Infosys will see a significant increase in employee numbers in the coming year. The variable compensation plan has also helped Infosys keep their employees happy f
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RIL may bid for Australian Quenos
14th April, 2005 15:15
Reliance Industries may bid for Australian petrochem company, Quenos, according to sources. RIL is currently doing a due diligence on Quenos, they say.
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Allahabad Bank fixes issue price at Rs 82
14th April, 2005 14:47
Allahabad Bank has informed BSE that the bank has fixed the Issue price at Rs 82 per equity share for the purpose of allotment of equity shares.
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Fall in Infosys, a buying opportunity: Shah
14th April, 2005 13:30
Nilesh Shah, Kotak Securities, is of the view that the Infosys may open on a negative note tomorrow and take a dip to Rs 2000-2025 levels. It will be a good opport
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Infy stock to dip slightly in US: Vafi
14th April, 2005 12:56
Infosys results are in line with expectations, said Joseph Vafi of Jefferies & Company. Vafi said that people could be a little disappointed with growth rates
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Bush backs Boeing's bid for AI deal
14th April, 2005 12:32
US President George Bush called Prime Minister, Manmohan Singh and has backed the Boeing's bid for the Air India deal.
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Hold Infosys, buy on dips, advises Shah
14th April, 2005 11:49
Nilesh Shah of Kotak Securities advises Infosys stockholders to hold on, while new investors could buy on dips. The markets may slide at the start of trade tomorro
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Stamp duty confusion in stock market
14th April, 2005 11:25
Maharashtra's stamp duty on stock market trades has sent day traders and brokers into a tizzy. It is unclear whether the new stamp duty of Rs 1000 per crore will b
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RBI issues bad loan norms
14th April, 2005 10:34
RBI has issued new draft guidelines for banks dealing in bad loans. According to the new draft guidelines banks that purchased bad debts from other banks have to h
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