Bangalore: Infosys, India’s No. 2 software services exporter, said on Monday it would challenge a Rs. 577 crore ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from … Continue reading →

Drug maker Lupin fell over 4 per cent on Monday after global investment bank Credit Suisse downgraded the stocks to “neutral” from “outperform,” citing unfavourable risk-reward. Credit Suisse’ 12-month price target on the stock is Rs. 755, which indicates the … Continue reading →

Tata Steel Ltd may miss January-March profit consensus forecasts when it reports results on Thursday, according to Thomson Reuters StarMine data. StarMine’s SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Tata Steel to report a profit of … Continue reading →

New Delhi: It is good news for jobseekers as the hiring activity is likely to see an uptrend in the coming months and salaries are expected to rise 12 per cent across industries and functions this year, says staffing services … Continue reading →

Shares in Mahindra and Mahindra gained 3.8 per cent, after stocks of its subsidiary Ssangyong Motor Co hit a 16-month high, dealers say. Shares in Ssangyong Motor jumped as much as 13.5 per cent on Monday amid expectations the ailing … Continue reading →

New Delhi: Global retailers like Walmart and Tesco can set up warehouses, cold storages and source products from SMEs in states which have not permitted FDI in the multi-brand retail sector, a senior official said. “Foreign players can set up … Continue reading →

The rupee is trading at 55.02/03 versus its close of 54.88/89 on Friday, tracking weakness in the domestic share market. Traders say good demand for the greenback from oil importers and gold firms is hurting the rupee. Traders, however, expect … Continue reading →

Gold futures for May delivery declined for the seventh straight session in domestic markets. The May Futures contract on the MCX traded 1.6 per cent or Rs. 408 lower at Rs. 25,427 per 10 gram as of noon. Gold prices … Continue reading →

Indian stocks turned choppy in the last hour of trade on Monday, with the BSE Sensex dropping over 50 points and the Nifty retreating from the 6,200 levels. The rupee traded lower at 55.0550 to the dollar. Technical analyst Kunarl … Continue reading →

Mumbai: Aimed at maintaining its leadership position in the Smartphone segment in the country, Korean handset maker Samsung Electronics on Monday announced the launch of its Galaxy Grand Quattro, priced at Rs. 17,290. With a 4.7-inch display, the dual-SIM handset … Continue reading →