bse-sensex

Sensex, Nifty Fall on Profit Taking

Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips, such as ICICI bank, whereas IT stocks declined after Wipro's US Dollar revenue growth lagged rivals. Jul 25, 2014
wipro-posts-fiscal-q1-profit-up-29-6-percent

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
India's East Coast Braces for Cyclone Phailin

Andhra Pradesh to Develop Vizag into Major IT Destination

The largest city of Andhra Pradesh on the state's east coast, Visakhapatnam will be developed into an "IT Capital" of the state thanks to its immense potential, the Minister for Information Technology Palle Raghunadha Reddy said in the city on Tuesday, 15 July. Jul 16, 2014
BSE Employees

Rupee Gains, Market Records High on Finance Minister's Optimism

The Indian stock market on Wednesday opened on bullish note, following Finance Minister Arun Jaitley inaugurated digital banks across the nation on Tuesday. The stocks of banking sector plunged higher, but BSE Information Technology stocks declined during trading hours. Jul 2, 2014
infosys-names-former-sap-executive-vishal-sikka-as-ceo

Infosys names former SAP executive Vishal Sikka as CEO

New Delhi, June 12 (ANI): Infosys Ltd on Thursday named former SAP AG executive board member Vishal Sikka as its CEO. With his appointment, Sikka becomes the first non-founder CEO of Infosys, which is India's second-largest IT services exporter. The company also informed that Executive Chairman NR Narayana Murthy would step down on Saturday, nearly a year after he was brought in from retirement to help the company better compete with rivals including Tata Consultancy Services and Wipro. Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, from August 1. Jun 12, 2014
bse-sensex

Indian Shares Start on High Note, Metal Stocks on a Roll

The Indian Shares on Friday started on a high note after surging on Thursday. Additionally, European bankers have also helped the shares get a good start by introducing the sub-zero interest rates and other anti-deflation methods. Jun 6, 2014