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Reserve Bank of India (RBI) on Monday said that slowdown was deepening in the Indian economy as the main indicators of growth showed significant moderation in a report prepared by the banking regulator. ‘Macroeconomic outlook of the Indian Economy’, based on various business expectations surveys, continues to exhibit the persistence of less than normal sentiments’, … Read more Reserve Bank sees deepening of economic slowdown
Tata Consultancy Services Ltd (TCS) has informed us that the Board has recommended a Bonus issue of Equity Shares in the ratio of one equity share of the Company of Re 1/- each for every one equity share [ 1: 1 ] The board also recommended a Final Dividend of Rs 5/- per Equity Share … Read more TCS Bonus + Dividend + Results
Container Corporation of India (Concor) held the conference call to discuss the financials for the Quarter and Year ended March 09, and future business prospects of the company on 17 April 2009. Rakesh Mehrotra – Managing Director, Suresh Kumar – Director Finance and P Alli Rani – ED Finance addressed the call. Some highlights of … Read more Container Corporation of India Expects Net Profit to grow 15% in FY10
The country’s largest lender State Bank of India (SBI) has sought government’s permission to issue Tier I capital this financial year finance its expansion.The bank would be raising Rs 20,000 crore and it would be one of the biggest rights issue of the country. The Rs 20,000 crore rights issue would include a government contribution … Read more SBI to raise Rs 20,000 crore through India’s biggest rights issue
CMC held a conference call to discuss fourth quarter financials for FY09 and future prospects. R. Ramanan, Managing Director, CMC and CEO and J. K. Gupta, CFO, CMC addressed the call. Highlights of the call For the quarter ended March 2009, on consolidated basis, on y-o-y basis, CMC reported 9% dip in operating income at … Read more CMC SI, embedded systems and ITES to grow faster
Infosys Technologies (Infosys) held its conference call after it announced its fourth quarter results. S Gopalakrishnan, CEO and Managing Director, along with others addressed the call. Highlights of the call For the quarter ended March 2009, Infosys reported 3% dip in consolidated operating revenues at Rs 5635 crore. In US dollar terms the revenues de-grew … Read more Infosys hears offshoring being reduced in client survey