Consulting cos managing poll campaign may earn Rs700-800 cr: Assocham study

Saturday, 19 Apr 2014 | PNS | New Delhi

Consulting firms managing the election campaign strategy of political parties are likely to rake in moolah of over Rs 700 to 800 crore, according to estimates by an Assocham study. The study says emergence of new tools like social media for reaching out to voters have also led to political parties...

Free-talk time, data discounts to end soon as telcos face high opex

Friday, 18 Apr 2014 | Sanjay Thapa | New Delhi

Free talk time and free data discounts in prepaid plans are expected to come to an end soon with telcos in a tight spot. Particularly as they face high opex and a near saturated tariff structure in the aftermath of recently concluded costly 2G spectrum auction which touched Rs...

‘Several developers do not build affordable houses’

Friday, 18 Apr 2014 | Priyanka Dua | New Delhi

Despite knowing the importance of affordable housing many developers in the country are still focusing on mid to high-end and luxury projects, according to a report by PHD chamber and property advisory Cushman and Wakefield. “There is a huge unmet demand (affordable housing), which if tapped, will result in high velocity...

Wipro’s Q4 profit rises 28.8 % to Rs 2,226.5 crore

Friday, 18 Apr 2014 | PNS | New Delhi

Backed by improving global economic sentiment cost optimisation, country’s third-largest software services firm Wipro posted a rise of 28.8 per cent in its net profit for the fourth quarter. Company’s net profit rose to Rs 2,226.5 crore as against Rs 1,728.7 crore in the same period last fiscal. In anticipation...

HCL Tech Q3 net profit up 59% at Rs 1,624 crore

Friday, 18 Apr 2014 | PNS | New Delhi

After Infosys and Tata Consultancy Services, HCL Technologies also reported robust growth in the quarter ended on March 31, 2014. HCL technology posted 59 per cent increase in net profit at Rs 1,624 crore as against Rs 1,021 crore in the corresponding quarter of last fiscal. Reacting to the strong financial...

US seeks big Indian reform push by next Government

Friday, 18 Apr 2014 | S Rajagopalan | Washington

The United States has got its own high expectations from the new government that takes office in New Delhi next month after a hard-fought election. A senior Obama administration official asserts that a big reform push will not only stimulate India’s growth, but also transform its economic relations with the...

Sensex surges 351 pts

Friday, 18 Apr 2014 | PNS | New Delhi

Fresh buying in rate sensitive sectors by foreign institutional investors (FII) helped the benchmark Sensex snap its three-day losing string as it surged by 351.61 points to 22,628.84. Backed by strong performance from equity markets, rupee also rose by 8 paise to close the day at Rs 60.29 per dollar. As...

Piramal enlarges financial play, buys 20% in Shriram Capital

Friday, 18 Apr 2014 | PNS | Mumbai

Piramal Enterprises on Thursday said it will buy 20 per cent stake in Shriram Capital for Rs 2,014 crore, a move that will widen its play in the financial services space. The Ajay Piramal-promoted company is hopeful that the deal will not lead to an open offer as half of the...

Airtel tech head Jagbir Singh quits

Friday, 18 Apr 2014 | PTI | New Delhi

Telecom major Bharti Airtel’s key technology officer Jagbir Singh has resigned and the company plans to promote Abhay Savargaonkar, its chief of network operations, to the post.“Singh has quit due to personal reasons. Savargaonkar, who has been with the company for about eight years, will replace him,” a person familiar...


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‘Assault’ on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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Protest for shifting B’pur liquor shop held

18 Jun 2018 | PNS | BRAHMAPUR

A protest was held at Subarao Square here against a foreign liquor shop on Sunday. Residents held a meeting demanding shifting of the shop...

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