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Startups, e-comm to boost IT revenue: What Nasscom's IT exports estimate is all about

Feb 05, 2016 at 13:22 | Source: FirstPost

India's IT and software services export revenue is likely to grow 10-12 percent in the fiscal year beginning on April 1 to as much as $121 billion, the National Association of Software and Services Companies (Nasscom) said.Here are the key points mad...

Startups, e-comm to boost IT revenue: What Nasscom's IT exports projection is all about

Feb 05, 2016 at 10:06 | Source: FirstPost

India's IT and software services export revenue is likely to grow 10-12 percent in the fiscal year beginning on April 1 to as much as $121 billion, the National Association of Software and Services Companies (Nasscom) said.Here are the key points mad...

Volatile rupee to hit IT services exports; Nasscom sees growth lower at 10-12% in FY17

Feb 05, 2016 at 09:10 | Source: FirstPost

Export growth in the country's IT-BPO sector is expected to be slower at 10-12 percent next fiscal hit by currency fluctuations, especially the weakening of the rupee against the US dollar, Nasscom said on Thursday.The industry is looking at 12.3 per...

Rupee headwinds to hit IT exports; Nasscom sees growth lower at 10-12% in FY17

Feb 05, 2016 at 08:10 | Source: FirstPost

Export growth in the country's IT-BPO sector is expected to be slower at 10-12 percent next fiscal hit by currency fluctuations, especially the weakening of the rupee against the US dollar, Nasscom said on Thursday.The industry is looking at 12.3 per...

Rupee headwinds to hit IT exports, growth seen lower at 10-12% in FY17

Feb 05, 2016 at 07:20 | Source: FirstPost

Export growth in the country's IT-BPO sector is expected to be slower at 10-12 percent next fiscal hit by currency fluctuations, especially the weakening of the rupee against the US dollar, Nasscom said on Thursday.The industry is looking at 12.3 per...

Tata Steel posts steep third quarter loss on cheap imports | Reuters

Feb 04, 2016 at 23:45 | Source: FirstPost

MUMBAI Tata Steel Ltd swung to a hefty third quarter loss on Thursday, blaming cheap Chinese imports for having to axe 3,000 jobs at its UK unit, as it tries to slim down to cope with the global steel crisis.The European business of Tata Steel, the ...

DLF Q3 net profit up 24 percent as rental income rises| Reuters

Feb 04, 2016 at 02:45 | Source: FirstPost

MUMBAI DLF Ltd(DLF.NS), India's biggest listed real-estate developer, reported a 24 percent rise in quarterly profit, helped by a surge in income from commercial rental business even as demand for residential property remained weak.The company's net ...

India's KIOCL considers building iron ore plants in Iran| Reuters

Feb 04, 2016 at 00:30 | Source: FirstPost

NEW DELHI/MANILA State-run company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million and is in talks to sell more than 2 million tonnes of the steelmaking raw material to the Gulf country now free from tr...

Sahara says set to raise $780 mln to free jailed boss Subrata Roy | Reuters

Feb 03, 2016 at 00:30 | Source: FirstPost

NEW DELHI India's embattled Sahara conglomerate is close to raising about 53 billion rupees ($780 million) by divesting assets, a lawyer for the group said, as part of its efforts to free its jailed founder Subrata Roy.Sahara chief Roy was arrested i...

JSW Steel reports Q3 loss; lowers output, sales target | Reuters

Jan 30, 2016 at 00:15 | Source: FirstPost

MUMBAI JSW Steel Ltd said on Friday that its output and sales for the fiscal year to March will fall short of its target due to a delay in capacity addition, as it reported a $136 million quarterly loss.Steelmakers globally have been hit by weak pric...

India's Power Grid Q3 telecom sales boosted by 4G network expansion | Reuters

Jan 29, 2016 at 02:30 | Source: FirstPost

MUMBAI An aggressive rollout of high-speed 4G network by Indian mobile phone operators to tap the growing demand for Internet services bolstered Power Grid Corporation of India Ltd's sales in the December quarter, a company executive said on Thursday...

Investors chase gold bonds in falling stock market| Reuters

Jan 29, 2016 at 01:30 | Source: FirstPost

MUMBAI The second tranche of India's sovereign gold bond received a better response than the first, a government official said, as a price discount and its safe haven appeal amid a slide in equities attracted investors.The world's second biggest gold...

LeEco plans to start selling VR headsets in India| Reuters

Jan 29, 2016 at 01:15 | Source: FirstPost

Chinese consumer electronics maker LeEco plans to start selling virtual reality headsets and launch smart TVs in India in the June quarter, months after entering the country with its smartphone range, a company executive said.LeEco's VR headset, Le 3...

Vedanta posts 99 pct slump in quarterly profit on weak commodity prices | Reuters

Jan 29, 2016 at 00:15 | Source: FirstPost

MUMBAI Indian resources group Vedanta Ltd (VDAN.NS) posted a 99 percent plunge in third-quarter profit on Thursday due to lower global commodity prices, although it beat analysts' forecasts for a net loss.The company said it expects its cost-cutting ...

IDFC Bank sees bad loans rising, no impact on earnings | Reuters

Jan 28, 2016 at 00:30 | Source: FirstPost

MUMBAI IDFC Bank Ltd, one of India's two newest banks, expects its gross bad loans to increase in the coming quarters although that will not hit earnings as it has made adequate provisions, it said on Wednesday.IDFC Bank, a unit of infrastructure len...

IndiGo cruises on with more flyers, cheaper fuel; Q3 net profit jumps 24% to Rs 657 cr

Jan 21, 2016 at 22:33 | Source: FirstPost

New Delhi: No-frills airline IndiGo's parent Interglobe Aviation on Wednesday reported nearly 24 percent rise in net profit at Rs 657.28 crore in the three months ended December 2015, boosted by low fuel prices and high passenger revenues.The carrier...

NALCO revives $2 billion Iran smelter plan as sanctions end| Reuters

Jan 19, 2016 at 00:15 | Source: FirstPost

NEW DELHI National Aluminium Company NALCO(NALU.NS) will soon send an official team to Iran to explore setting up a smelter complex worth about $2 billion, its boss said, as world powers lift sanctions on Iran that had made negotiations difficult.NAL...

PM Modi launches $1.5 bln fund to support start-ups| Reuters

Jan 16, 2016 at 21:45 | Source: FirstPost

NEW DELHI Prime Minister Narendra Modi launched a number of initiatives on Saturday to support the country's start-ups, including a 100 billion rupee ($1.5 billion) fund and a string of tax breaks for both the companies and their investors.India, whi...

PM Modi launches $1.5 bln fund in push to support start-ups| Reuters

Jan 16, 2016 at 20:45 | Source: FirstPost

New Delhi Prime Minister Narendra Modi launched a string of initiatives on Saturday to support the country's start-ups, including a 100 billion rupee ($1.48 billion) fund and a string of tax and compliance breaks.Modi said start-ups would not face co...

Rupee above 67/$-mark drops to over two year lows, but traders stay unfazed

Jan 14, 2016 at 16:44 | Source: FirstPost

The fall in the Indian rupee to its weakest since September 2013 has left traders unruffled as they believe the country's sturdier economy and central bank interventions will allow the currency to navigate a difficult global environment.Earlier in th...

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