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Wednesday, July 25, 2007 (New Delhi): Oil and natural gas major ONGC reported a 12 per cent rise in year on year net profit to Rs 4,611 crore as against Rs 4,119 crore. The company attributed the rise in profit due to the reduction in subsidy discounts in the quarter coupled with lower costs...

There are about 22 million credit cards in India (as on January 2007). And the total value of such transactions almost doubled between 2003-04 and 2005-06, to around Rs 33,900 crore. The latest available data, which covers the first 10 months of 2006-07, indicates continued robust growth, in...

MUMBAI: IT investment and spending is set to rise in the US, according to a forecast by Forrester Research. This may be good news for Indian vendors hurt by the rising rupee and worries of troubles in the sub-prime lending space spilling over into other areas. “With a moderate tech investment...

BANGALORE: Is the IT party over? For the moment, it looks so. With the strong rupee impacting adversely the profits of every IT company, salary increments are expected to take a hit. And more of the salary is likely now to become part of the variable component, so that you get more only if you...

BANGALORE: The rupee's rise is expected to hit BPO employees harder than it hits IT employees. Unlike IT, where 30 per cent to 50 per cent of employees work on-site (at the clients' site) and are paid in dollars, in BPOs, 90 per cent to 95 per cent of the work is done in India and those...

BANGALORE: The unrelenting upward march of the rupee continues to nick the margins of IT companies. Wipro, which announced its quarterly results on Thursday, joined the ranks of others hit by the rupee and reported a drop of 13% on a sequential basis in its operating profits from Wipro...

South Korea's LG Electronics Inc. is targeting sales growth of around 11 percent for its China unit this year, as the firm aims at the country's high-end consumer products market, a company official said on Saturday. Since last year, LG Electronics has been increasingly focusing on the high-end...

The 15 per cent rise in national and per capita income and a buoyant 9.4 per cent GDP growth notwithstanding, the common man is still reeling under the massive burden of rising prices. In fact, excepting for just sugar, the rates of as many as 7-8 essential commodities have shot up by over 25...

India's merchandise exports rose 23.1 percent in April from a year ago, despite a sharp appreciation in the Indian currency, the commerce ministry said Friday. Exports totaled US$10.6 billion (euro7.9 billion) in April compared with US$8.6 billion (euro6.4 billion) in the same month a...

Times Of India.... In a bid to douse the heat over rising prices of commodities, sharply articulated by Congress MPs last week, government is planning an ordinance which will provide more teeth to Forwards Market Commission, the regulator for the commodities futures market. While a Bill to...

Hi Guys.... :SugarwareZ-191: roshan here from kuwait.........am a mechanical engineer...and am presently working in the construction field in the Projects department. Am planning to do my MBA in next two years ...... may be in Finance.... Can anyone tell me if this is a good career choice? I...

Indian Markets Mixed; Select Blue Chips Rise - Indian Commentary (RTTNews) - Wednesday, Indian markets opened trading in positive territory, following a plummet in the last couple of trading sessions. The key indicator BSE Sensex commenced 44 points higher at 13,039.02 and the NSE S&P CNX Nifty...

Twinkle Twinkle Little Star....How i Wonder What You are.....Up above Rising so High......always be Happy, Never Cry..... Stocks rose steadily Tuesday after Goldman Sachs Inc. reported better-than-expected results and as oil prices fell despite a filed attack on the U.S. embassy in Damascus...

By Rajkumar Ray NEW DELHI (Reuters) - India's annual inflation rate topped 5 percent in early June, accelerating to its highest level in more than a year and bolstering the chances of an increase in official interest rates in July. Friday's government data showed the annual inflation rate for...

The rupee is likely to rise against the US dollar today, as banks may sell the greenback on hopes of dollar inflows from foreign institutional investors after a strong performance by local stock market on Thursday. However, dollar demand from oil companies will prevent a sharp rise in the...