Author Archives: admin

Wipro COO: There are opportunities for us to do better in terms of growth and operating margins

BENGALURU: In March, India’s third largest software exporter Wipro plucked out TCS veteran Abid Ali Neemuchwala to lead operations at the company, as part of a broader organization-wide overhaul aimed at scripting a turnaround in fortunes. COO and group president Neemuchwala is widely seen as the successor to current CEO TK Kurien once the latter’s term ends. In an interview ... Read More »

Cheating website Ashley Madison’s user data leaked online

Hackers dumped online personal details of more than a million users of infidelity website, tech websites reported, the latest high-profile cyberattack that threatens to wreak strife in relationships across the globe. After threatening to release salacious details on as many as 37 million customers of the website, which uses the slogan “Life is short. Have an affair,” hackers claimed ... Read More »

Reliance Industries again loses most profitable tag, this time to Indian Oil Corporation

Within two quarters of losing its 23-year-old reign as the country’s most profitable company to TCS in the December quarter, Reliance Industries was again humbled in the June quarter, this time by Indian Oil. The state-run firm booked Rs 118 crore more profit than the Mukesh Ambani-run firm net income of Rs 6,318 crore. Better refining margins arising from lower ... Read More »

Small stocks give big returns to investors; outshine blue-chips

The mid-cap and small-cap indices of the BSE have outperformed the blue-chip index so far this year and given big returns to investors. An analysis of the three indices shows that the mid-cap index this year rose 13 per cent, or 1,319.51 points, to 11,453.78, followed by the small-cap index with 5.47 per cent, or 610.38 points, to 11,766.78. On ... Read More »

Market outlook: Global cues, Indian rupee movement to dictate trend

With the end of the first quarter earning season, stock markets will look at global events, monsoon rains, movement of rupee and investment trend by overseas investors for further cues, say experts. Stock markets may see positive momentum going ahead amid hopes of a rate cut based on healthy macroeconomic data. “July WPI contracted for ninth straight month and cooling ... Read More »

Ford Figo Aspire review: At a starting price of Rs 4.9 lakh, the car is value-for-money

It’s a challenge to design compact sedans, more so which are under 4 metres in length. Designers either compromise on looks, roominess, aerodynamics, safety, comfort or storage spaces. If in one compact sedan the boot seems to have been forcibly added, in the other there is a huge shortage of space. However, innovation can help overcome most challenges. Ford, which ... Read More »

Stock market returns over 3-times more than gold: Sebi chief U K Sinha

Pitching for a greater share of household savings in equity market, regulator Sebi’s chief U K Sinha has said stocks have consistently given annual returns of more than 15 per cent on a long-term basis. In contrast, the returns on gold have not been more than 5-6 per cent over a longer time horizon of 15-20 years, Sinha said. At ... Read More »

India wants UAE as top partner in trade, counter-terrorism: PM Narendra Modi

Ahead of his talks with the Emirati leadership, Prime Minister Narendra Modi has said the Gulf region is vital for India’s economic, energy and security interests and he wants to see the UAE as the foremost partner in trade and countering terrorism. Noting that he has begun his regional engagement with the UAE which reflects the importance that he attaches ... Read More »

Top-5 cos take Rs 54,467-cr hit in market capitalisation; CIL suffers most

The combined market valuation of top-five Sensex companies slumped by Rs 54,467.41 crore last week, with Coal India Ltd taking the steepest hit. While RIL, ITC, CIL, ONGC and SBI suffered losses in their market capitalisation (m-cap), TCS, HDFC Bank, Infosys, Sun Pharma and HDFC saw a cumulative gain of Rs 53,971.89 crore. The m-cap of CIL plunged by Rs ... Read More »

FPIs take out Rs 800 cr from market in a fortnight

  Spooked by a possible derailment of key economic reforms, foreign investors have pulled out over Rs 800 crore from the Indian capital market in the last fortnight. Foreign portfolio investors (FPIs) may further suck out money due to weakness in the rupee, triggered by a devaluation of the Chinese yuan, analysts said. However, experts are sanguine about FPI inflows ... Read More »