iGate CEO Phaneesh Murthy fired over sexual harassment

The president and CEO of iGATE Corporation Phaneesh Murthy fired on Today due to the facts and circumstances surrounding Murthy’s relationship with a subordinate employee and a claim of sexual harassment. This is the second time that Phaneesh Murthy is facing charges of the sexual harassment, He was sacked from Infosys on similar charges. Phaneesh Murthy [...]

Sensex goes up over 100 points; Nifty hits 30-month high

The BSE benchmark Sensex on Thursday increased over 100 points in early trade on continual buying by funds and retail traders, mainly in banking and realty sector stocks. On the other hand, the wide-based National Stock Exchange index Nifty, increased 38 points to 6,185. Rising for the third straight session, the BSE’s 30-share calculate increased [...]

Gold faces second biggest fall in 2013, drops by Rs 600

The Gold price on Today  faces second biggest fall in 2013 of Rs 600 to Rs 27,300 per 10 grams cause of reduced off-take amid weak global trend. On the other hand Silver prices fallen by a massive Rs 800 to Rs 44,700 per kg on reducing off-take by jewelers and industrial units. Traders said hectic selling by retailers [...]

IIP growth rises to 2.5% in March

The Indian’s industrial production showing signs of growth rises to 2.5% in March and the Industrial output grew at meagre rate of 1% in 2012-13. The rise of IPP growth for March means that output increased for 3 months in a row after reduction in 8 months in 2012, indicating a average recovery in the [...]

Yogesh Malik as new CEO of Uninor

Yogesh Malik elected as Chief Executive Officer (CEO) of the Indian subsidiary of Norway’s Telenor with immediate effect, Malik had joined the Company as COO in 2011. The Managing Director Sigve Brekke will step down as MD but he will continue to be responsible for all of Telenor affairs in India as the Head of [...]

Mahindra & Mahindra sales go up 2 % in April

The auto giant Mahindra & Mahindar (M&M) on Today posted a 1.76 % boost in total sales at 41,432 units in April 2013. M&M had sold 40,715 units in the same month in 2012. In April 2013, M&M domestic sales was standing at 39,902 units compared to 39,295 units in the year-ago period, up 1.54 [...]

HCL Technologies net profit up 72%

The leading offshore IT & software development company HCL Technologies on Today posted a 72.59 % jump in quarterly profit, driven by strong growth in infrastructure services. The net profit of HCL Technologies jumps to Rs. 1,039.9 crore for the quarter ended March 31, 2013 from Rs 602.5 crore in the January-March quarter of 2012. [...]

Gold nosedive continues, Dips below Rs 25,300 per 10 gm

After giving what can be termed as extraordinary returns for nearly a decade, gold has done the unthinkable. Gold prices, which had been plummeting since last week, plunged by another Rs 364 to trade at a 19-month low of Rs 25,270 per 10 grams for delivery in June at the Multi Commodity Exchange. It seems [...]

Gold cheaper by Rs 752, available at 27,100 per 10 gm

The Gold continued to lose its glitter with rates dipping under Rs 27,500 stage to trade at Rs 27,173 per ten gram in futures business on Monday. Speculators are involved in reducing their positions after the precious metal gone down over 5 percent in the global market. Gold rates for supply in June dropped below [...]

Gold witnesses steepest fall; closes at Rs 28,350 per 10 gm

The Gold prices saw steepest ever fall of Rs 1,250 for every 10 grams at the domestic gold bullion hub today on emergence of busy off-loading by stockists and speculators. Gold plunged by a hefty 1,250 to close at 28,350 per 10 grms from Friday’s ending stage of Rs 29,200. Trading emotions in India were [...]

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