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Wipro sees rosier end to year as U.S. clients spend
Published on Wednesday, October 22, 2014 11:09 PM

By Aby Jose Koilparambil and Subrat Patnaik

BANGALORE - India's third-biggest software services firm Wipro Ltd, under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.

Wipro, which provides outsourcing servi ...

Wipro sees rosier end to year as U.S. clients spend
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Fears for tough penalties grow as India cleans up business
Published on Wednesday, October 22, 2014 5:22 PM

By Rafael Nam and Abhishek Vishnoi

MUMBAI - An unprecedented ban on India's largest property developer from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country's regulators feel emboldened to take on even companies long sheltered by political connections.
...

Fears for tough penalties grow as India cleans    up business
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RBI fires warning shots on companies' lack of FX hedging
Published on Wednesday, October 22, 2014 4:56 PM

By Swati Bhat and Neha Dasgupta

MUMBAI  - Alarmed at the currency risks that Indian companies are running on their books, the central bank may consider making hedging mandatory if banks cannot persuade their corporate customers to seek protection, several market sources told Reuters.

For ...

RBI fires warning shots on companies' lack of FX hedging
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Wipro posts 8 pct rise in quarterly profit
Published on Wednesday, October 22, 2014 5:24 PM

 Wipro Ltd, India's third-biggest software services exporter, posted about an 8 percent rise in quarterly profit as clients in North America and Europe spent more on technology.

Consolidated net profit for the second quarter ended Sept. 30 came in at 20.85 billion rupees ($340.4 million), up from the 19.32 billion ru ...

Wipro posts 8 pct rise in quarterly profit
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SEBI says some brokers can take prop positions in FX derivatives
Published on Wednesday, October 22, 2014 3:42 PM

MUMBAI  - The SEBI said stock brokers are allowed to take proprietary positions in currency derivatives as long as they do not exceed 15 percent of total open interest or as long as it does not exceed the equivalent of $50 million.

The notification concerned rupee contracts against the U.S. dollar, the e ...

SEBI says some brokers can take prop positions in FX derivatives
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Tata Metaliks surges over 17 pct after reporting profit
Published on Wednesday, October 22, 2014 3:09 PM

 Market Eye - Tata Metaliks  surges 17.5 pct to 153.80 rupees, its highest level since Oct. 2010 and heading towards its biggest daily gain since July 17.

The firm posts profit of 270.4 million rupees ($4.42 million) versus loss of 68 million rupees a year earlier.

($1 = 61.2300 rup ...

Tata Metaliks surges over 17 pct after reporting profit
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Cairn India Q2 net dips 33% at Rs 2,278 cr
Published on Wednesday, October 22, 2014 4:28 PM

Cairn India Ltd on Tuesday reported that its consolidated net profit for the second quarter ended September 30, 2014 fell by 33 per cent at Rs 2,278 crore from the same period a year ago as a planned shutdown in Rajasthan hit volume while net realisation fell on account of softening of global crude prices. In Q2 FY 2013-14, the company had po ...

Cairn India Q2 net dips 33% at Rs 2,278 cr
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Kotak Mah Bank cons Q2 PAT rises 23%
Published on Wednesday, October 22, 2014 2:51 PM

Private sector lender Kotak Mahindra Bank reported 23 per cent rise in its consolidated net profit at Rs 717.9 crore for the quarter ended September 30, 2014, led by strong other income and lower provisions.

The Bank had posted consolidated net profit of Rs 582.9 crore for the same quarter a year ago, the comoany said in a filing t ...

Kotak Mah Bank cons Q2 PAT rises 23%
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Modi takes first bite at coal to end India's power mess
Published on Wednesday, October 22, 2014 2:26 PM

By Rupam Jain Nair and Krishna N Das

NEW DELHI  - India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto  to access the world's fifth-largest coal reserves, a source familiar with the matter said.
...

Modi takes first bite at coal to end India's power mess
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