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Foreign institutional investors (FIIs) were net sellers of Rs 585.41 crore (provisional) in the cash segment on Friday, according to information posted on the BSE website. While FIIs made gross purchases of Rs 803.68 crore, their gross sales stood at Rs 1,389.09 crore. Domestic institutional investors (DIIs) were net buyers of Rs 400.73 crore (provisional) … Read more FII net sellers of Rs 585 cr in cash segment on Friday
Housing finance major, HDFC, has announced a reduction in home loan rates by upto 150 basis points. The move comes after a reduction in its tax deduction on home loans. Interest rates have been cut 150 basis points to 9.75% from 11.25% earlier for those looking to avail of loans between Rs 20 to Rs … Read more HDFC cuts home loan rates by upto 150 basis points
Tata Consultancy Services (TCS) held a conference call after it declared third quarter of FY09. Mr S. Ramadorai, Chief Executive Officer and Managing Director, S. Mahalingam, Chief Financial Officer and N. Chandrasekaran, Executive Vice-President addressed the conference. Highlights of the call TCS reported 5% sequential growth in the consolidated operating revenues at Rs 7277 crore … Read more TCS – Slower Decisions in new Deals
Bharti Airtel, India’s leading integrated telecom services provider, today announced that more than One Million users have registered for the mChek on Airtel service, since its commercial launch in June 2008. Sanjay Gupta, Chief Marketing Officer, Mobile Services, Airtel said, The mChek on Airtel solution empowers an Airtel mobile user to make transactions with just … Read more Bharti Airtel + mChek reach milestone of One Million users
Hospitality major, Global Hyatt Corporation, is planning to set up six hotels in Mysore, Lucknow, Indore, Mangalore, Hyderabad and Gurgaon in a joint venture with real estate major, Emaar MGF, by 2012-13 with an investment of Rs 1,000 crore. Apart from these six hotels, the company has already signed deals for 14 hotels, which is to … Read more Hyatt to set up six hotels in JV with Emaar MGF
State-owned telecom service provider Mahanagar Telephone Nigam (MTNL) has announced the commercial launch of third generation (3G) services in Delhi and Mumbai, its two service areas. The company will launch 3G services in Delhi in the next ten days and in Mumbai in early February. However, MTNL is yet to enter into a pact with … Read more MTNL announces commercial launch of 3G services