Editor's Desk

3Q GDP growth and the industrial production print were much weaker than expected, pulling the index down. The SENSEX fell 1.7% mom, the rupee depreciated 1% mom, while the 1-year OIS swap rate fell 35 bp on average in February, compared to January, before rising towards the end of the month. The biggest negative surprise … Read more Slowdown weaker than expected – Goldman Sachs

US President Obama’s remark, …to restore a basic sense of fairness to the tax code, eliminating incentives for companies that ship jobs overseas. Aditionally, new H-1B visa restrictions require financial services firms getting money under TARP to comply with new rules. What does the Indian industry think?  Industry is concerned on the direction in which … Read more Obama’s Protectionist Policies – Impact on Indian IT

FIIs holding in BSE 200 stocks is still high and they are under stress due to selling pressure. Here is a list of FIIs holding of 40% of the available float in the top-25 Indian companies. Data as of March-6th. ICICI Bank 63.7% HDFC 58.8% Infosys Technologies 52.1% HDFC Bank 45.5% Bharti Airtel 22% Reliance … Read more Stocks held by FIIs in Top 25 Indian Companies

HCL Technologies, one of the biggest IT companies of the country, has emerged as the lowest for the enterprise resource planning (ERP) project of Bharat Sanchar Nigam (BSNL) with a quote of Rs 230 crore. BSNL had invited the bids in September last year for the ERP project, which consists of design, planning, supply, installation, … Read more HCL Technologies emerges as lowest bidder for BSNL contract