CHENNAI: India Inc's revenue growth (excluding  banks,  oil and gas companies) will decelerate to 6-7% during January-March 2013 as against 17.5% during the fourth quarter of FY 12 on the back of waning demand. While growth in investment-linked sectors is expected to continue to decelerate at a

  BANGALORE: Indian IT outsourcers have more than doubled their share in total worldwide IT spends over the past six years, and the bigger Indian IT companies have outpaced their MNC counterparts over this period. India IT companies accounted for $31 billion, or 4.8%, of the worldwide

New Delhi: A decision on a possible hike in passenger fares will be taken by the Railways in October, when it will review the fuel adjustment component (FAC) in the wake of rising fuel and energy costs. While the freight rate will go up by about 5.7 per cent from April 1 due to the linkin

BEIJING: China could become the world's largest economy by 2016 if it fully implements a series of regulatory, market, socio-economic and tax reforms, the Organization for Economic Cooperation and Development said. In the presentation here Friday of its latest Economic Survey of China, the OE

New Delhi: Kingfisher Airlines promoter Vijay Mallya has assured his employees that they would be paid their salary dues of eight months soon, but did not give a timeline, airline staffers said today. The assurance came a day after a section of employees threatened to disrupt the matches of R

Oil marketing companies will hike the price of diesel by 45 paise per litre (excluding taxes), Indian Oil said on Friday. The new price will be effective from Saturday. The hike comes barely a week after the oil companies had reduced the price of petrol by Rs 2 per litre. While petrol is a d

CHENNAI: The Indian automobile market is tipped to become the third largest in the world by 2020 according to estimates by JD Power and Ernst & Young. According to these estimates, quoted in the National Electric Mobility Mission Plan 2020, India's share of the global passenger vehicle marke

New Delhi: Frustrated over not getting salary for last 10 months, Kingfisher Airlines employees today asked the government to prosecute promoter Vijay Mallya and threatened to disrupt IPL matches. "If Gopal Kanda, promoter of MDLR airlines, can be prosecuted for suicide of an employee why

A Delhi court on Tuesday summoned Bharti Airtel chairman Sunil Bharti Mittal, Essar Group promoter Ravi Ruia, and Asim Ghosh, former CEO of Vodafone Essar, in the additional spectrum allocation case. All three have been named as accused in the case. Shares in Bharti Airtel, India's largest te

NEW DELHI: ICICI Bank has suspended 18 officials pending investigations even as the government began a parallel probe against banks - which will also look at cases with retrospective effect - to find out whether know-your-customer (KYC) and anti-money laundering norms were violated while offerin

New Delhi: With international gasoline (petrol) prices softening by more than $3 a barrel in the last fortnight, state-owned oil marketing firms (OMCs) cut the price of petrol by Rs 2 per litre, effective midnight, the steepest reduction reduction in rates in nine months. The cut in petro

[caption id="attachment_21156" align="aligncenter" width="274"] Infosys[/caption] World Bank president Jim Yong Kim on Wednesday described Infosys as a company that is helping India out of poverty. "If you are passionate about technology... what I would say is to build a company like Infosys,

New Delhi: In a major relief for the road sector, the Supreme Court today ruled in favour of National Highway Authority of India (NHAI) delinking environment clearance from forest clearance. The judgement allows companies award contracts to start their road-widening work with just the enviro

NEW DELHI: Several global funds and equity investors are making a beeline for investing in the highway sector, a move that will free up thousands of crores for Indian developers - funds that were held up in the absence of a government decision to allow existing players to exit immediately after

Infosys shares hit the Rs 3,000 mark after a gap of nearly two years on Thursday. The stock last traded above the mark on April 15, 2011, when it reported fourth quarter earnings. Infosys is India's second-largest IT outsourcer after Tata Consultancy Services. Infosys shares traded 1.3 per ce

  Global ratings agency Moody's on Thursday said the December quarter was likely the bottom of the economic cycle and the Indian economy is headed for better times. India is likely to growth at 6.2 per cent in 2013 against 5.1 per cent projected growth in 2012, the ratings agency added. "

NEW DELHI: This can easily be called the mother of all deals. You surely have heard of 'buy one, get one free' offers on purchase of small FMCG products or a shirt or a pair of jeans, but an auto dealer in Gujarat has extended the same to cars — buy a car, and get another absolutely free. Unb

Indian Oil Corp, India's largest state-owned oil company, has hiked the price of petrol by Rs 1.40 per litre, excluding taxes, effective midnight. Excluding taxes, the fuel will now cost Rs 70.46 in Delhi, Rs 77.99 in Kolkata, Rs 77.29 in Mumbai and Rs 73.57 in Chennai. In a statement anno