Search Results for: overseas

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Cabinet Clears 49% FDI in Insurance

The union cabinet on Thursday cleared FDI cap hike in insurance from 26 percent to 49 percent, to ease FDI limit in the domestic insurance sector. Jul 25, 2014
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Wipro posts fiscal Q1 profit up 29.6 percent

Bangalore, July 25 (ANI): India_s third-biggest IT services exporter, Wipro Limited posted fiscal first-quarter profit up 29.6 percent and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients. IT services revenue in Wipro_s fiscal first quarter that ended on June 30 rose 1.2 percent from the previous quarter to $1.7 billion, as it added 35 new clients. Consolidated net profit for the quarter grew 29.6 percent from a year earlier to 21.03 billion rupees, slightly below consensus estimates of 21.24 billion rupees. Total revenue rose 14 percent from a year earlier to 111.4 billion rupees. Jul 25, 2014
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India Bids to Reassert Influence in Nepal with Power Pact

India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties. Jul 24, 2014
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Fans laud India_s victory over England at the home of cricket

New Delhi/ Mumbai, July 22 (ANI): Fans and budding sportsmen on Tuesday lauded India_s victory in the second test after Ishant Sharma bowled India to a rare victory at Lords, the home of cricket. Ishant Sharma claimed seven wickets to bowl India to a 95-run victory over England in the second test at Lord_s on Monday, their first overseas win since 2011. This is India_s second victory at the home of cricket and first since 1986. Resuming at 105 for four in pursuit of 319, Joe Root and Moeen Ali survived until the final ball before lunch when the latter fell to Sharma. The willowy right-armer claimed four more wickets after the break as England_s batsmen capitulated in the face of India_s short-pitched barrage and were bowled out for 223, putting the visitors 1-0 up in the five-match series. Jul 22, 2014
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