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Infy slumps 20%; mcap dips Rs 30,943 crore

Infy slumps 20%; mcap dips Rs 30,943 crore

Shares of Infosys today fell sharply by nearly 20 percent, wiping off Rs 30,943 crore from its market value, as investor sentiment turned bearish on lower-than-expected revenue growth for the…

Sales to grow in single digit this FY: Tata Motors

Sales to grow in single digit this FY: Tata Motors

Homegrown auto major Tata Motors today said it expects sales to recover and grow in single digits this fiscal, after seeing a big drop in 2012-13. “This fiscal we will…

Karbonn launches its first smartphone ‘A12’, prices it at Rs 8,000

Karbonn launches its first smartphone ‘A12’, prices it at Rs 8,000

Mobile devices firm Karbonn launched its first smartphone, A12, built on 3G platform of US chip maker Broadcom, priced at around Rs 8,000.”It is herein with the partnership with Broadcom…

SBI raises one billion dollar via bond sale

SBI raises one billion dollar via bond sale

SBI has mopped up one billion dollars in an international bond sale programme, according to one of the merchant bankers Citigroup. “SBI successfully sold its five-year senior unsecured bond (REG…

Sahara victimised for yrs, but won’t give up: Subrata Roy

Sahara victimised for yrs, but won’t give up: Subrata Roy

Facing a possible auction of his personal and company assets by Sebi, a defiant Sahara chief Subrata Roy says he feels victimised by a chain-reaction of events over the years…

Cobrapost expose: RBI initiating action against banks

Cobrapost expose: RBI initiating action against banks

Reserve Bank Deputy Governor HR Khan today said the central bank is initiating action against ICICI Bank, HDFC Bank and Axis Bank in connection with allegations of money laundering by…

Car sales plunge after 10 yrs; fall 7% in 2012-13

Car sales plunge after 10 yrs; fall 7% in 2012-13

Car sales in India fell for the first time in a decade – down 6.69 per cent in 2012-13 – as the automobile industry struggled to cope with demand slump…

Railway revenue earnings up by 19.63%

Railway revenue earnings up by 19.63%

Railways has generated a revenue of Rs 1,24,814.87 crore in the last financial year as against Rs 1,04,334.61 crore the previous fiscal, registering an increase of 19.63 per cent. Of…

Investment bank Jefferies says domestic banks going nowhere

Investment bank Jefferies says domestic banks going nowhere

International investment bank Jefferies has found a long list of woes for the domestic banks, and said that their fundamentals are not likely to change much in FY14 in the…

‘India, China help mobile subscriptions grow to 6.3 bn in 2012’

‘India, China help mobile subscriptions grow to 6.3 bn in 2012’

Buoyed by expanding markets in India and China, global mobile subscriptions totalled around 6.3 billion last year, with subscriptions growing at about 9 per cent year-on-year, a report by European…