Accenture quarterly revenue rises 7.3 pct
Published on Thursday, December 18, 2014 5:52 PM
Accenture Plc reported a 7.3 percent rise in quarterly revenue, helped mainly by its outsourcing business.
The company, which also has a large consulting division, said its net income rose to $882.2 million, or $1.29 per share, in the first quarter ended Nov. 30 from $800.9 million, or $1.15 per share, a year earlier. ...
Rupee sees biggest gain in seven months post Fed
Published on Thursday, December 18, 2014 5:35 PM
By Swati Bhat ...
MUMBAI - The BSE Sensex and Nifty rallied on Thursday, with the rupee posting its biggest single-day gain in seven months and rebounding from a 13-month low, after the U.S. Federal Reserve said it would take a "patient" approach in deciding when to raise interest rates.
India to soon decide on raw sugar export incentives - food secretary
Published on Thursday, December 18, 2014 5:23 PM
NEW DELHI - India, the world's second-biggest sugar producer, will soon decide on extending incentives for raw sugar exports, Food Secretary Sudhir Kumar said on Thursday, as mills struggle to pay farmers the stipulated price for cane. ...
"We will soon consider export incentive for raw sugar,"
Coal India to get new chairman ahead of key meeting - sources
Published on Thursday, December 18, 2014 4:09 PM
NEW DELHI - Coal India Ltd will get a new chairman in the next few days, two officials with direct knowledge of the matter said, as the state-owned miner readies a plan to double its output in four years amid a severe shortage that has crippled power plants. ...
Career bureaucrat Sutirtha Bhattacharya, chai
Coal India workers threaten five-day strike, stokes output worries
Published on Thursday, December 18, 2014 3:25 PM
NEW DELHI - The labour unions of state-run Coal India Ltd have threatened to go on a five-day strike beginning Jan. 6 to protest government plans to sell off a stake and end the company's monopoly in mining and distribution, officials said. ...
The call for the strike exacerbates concerns about supplies
Rupee decline may delay rate cut: SBI
Published on Thursday, December 18, 2014 3:19 PM
India’s top public sector lender, the State Bank of India (SBI) has warned that the recent sharp decline in the Indian rupee against the US dollar amid turmoil in global markets may dampen hopes of an interest rate cut by the Reserve Bank of India (RBI) early next year.
"We believe that prolonged weakening of the rupee m ...
Modi moves in to speed up $300 billion stuck projects
Published on Thursday, December 18, 2014 3:08 PM
By Rupam Jain Nair and Krishna N. Das ...
NEW DELHI - Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.
ISRO tests its heaviest space launch vehicle, eyes global market
Published on Thursday, December 18, 2014 12:58 PM
By Aditya Kalra ...
NEW DELHI - India's space agency successfully tested on Thursday its most powerful satellite launch vehicle that can put heavier payloads into space, and, it hopes, win India a bigger slice of the $300 billion global space industry.
The Indian Space Research Organisa
ITC surges on report tobacco included in GST
Published on Thursday, December 18, 2014 10:30 AM
Market Eye - ITC gains 1.8 percent. ...
Tobacco has been added in GST ambit - media reports.
Inclusion in GST's realm will most likely keep tax rates lower for tobacco-based products - analysts.
The cabinet clears bill for nationwide sales tax.