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  • Larsen & Toubro Infotech to acquire Syncordis SA

    14 November, 2017 5:06 PM 38

    Larsen & Toubro Infotech (LTI) on Tuesday said it will acquire Luxembourg-based Syncordis SA along with its subsidiaries in France, UK, Luxembourg and India for 15 million euros (about Rs 115.28 crore). The transaction, which is expected to close within 6-8 weeks, will help LTI expand its core banking implementation capability. "The enterprise value

  • Solid Carbide Tools: Outcome of board meeting

    14 November, 2017 3:49 PM 37

    We hereby inform that the meeting of Board of Directors of the company held on Tuesday, November 14, 2017 commenced at 4.00 p.m. and concluded at 5.00 p.m. at the Registered office of the company. In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform

  • Wholesale inflation touches 6-month high in October

    14 November, 2017 11:52 AM 22

    Inflation at the wholesale level accelerated to 3.59% in October, a six-month high, on the back of quickening food price inflation and firming oil prices, according to official data released by the Ministry of Commerce on Tuesday. The Wholesale Price Index had, in comparison, registered a growth of 2.6% in September. Within the Index, the primary articles

  • Health of the nation's states: Non-communicable diseases rise in India

    14 November, 2017 10:58 AM 40

    Non-communicable diseases are responsible for more deaths India today when compared to communicable diseases. This according to a 'India: Health of the nation's states', this is the first state-level disease burden and risk factors estimate by the Indian Council for Medical Research, The Public Health Foundation of India and the Institute of Health Metrics

  • Dilip Buildcon Q2 profit falls 5.7% to Rs 117 cr

    14 November, 2017 10:55 AM 27

    Construction firm Dilip Buildcon today said its standalone profit fell by 5.74 per cent to Rs 115.60 crore in the September quarter of the current fiscal. The company's profit from continuing operations stood at Rs 122.64 crore during the same quarter a year ago. The company's total income also fell to Rs 1,584.92 crore in the period under review compared

  • India services export flat at $14 bn in September, import grows

    14 November, 2017 9:37 AM 53

    Mumbai: Services export of India remained flat at USD 13.73 billion in September year-on-year while import slightly picked up to USD 8.45 billion, showed RBI data. In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 percent from USD 8.30 billion last year. In August 2017, the services export was USD 13.7 billion

  • Indian rupee falls back into red at 65.47 against dollar

    14 November, 2017 5:51 AM 36

    The rupee went through ups and downs before trading 5 paise lower at 65.47 against the dollar today as it lost its early gains after the American currency grew in appeal. The rupee hit 65.47 at 1102 hours compared to yesterday's closing level of 65.42 at the forex market. Globally, the US dollar came in higher against a basket currencies late yesterday

  • Madhucon Projects, Jindal Poly Films, TNPL slip 3-8% on poor Q2 numbers

    14 November, 2017 4:12 AM 41

    Madhucon Projects has recorded 64 percent fall in its Q2 net profit at RS 3.3 crore and revenue was down 14 percent at Rs 118 crore. Its operating profit (EBITDA) was down 15 percent at Rs 31.4 crore and margin was down 30 bps at 26.6 percent. Jindal Poly Films' Q2 net profit declined 40 percent at Rs 41.2 crore and revenue was down 2 percent at Rs 1,807 crore

  • Market Live: Sensex tests 33,000 in opening, Nifty trades flat; Bharti Infra dips

    14 November, 2017 3:58 AM 43

    Equity benchmarks opened flat on Tuesday after sharp correction seen in previous session. Investors focussed on corporate earnings. The 30-share BSE Sensex was down 14.55 points at 33,019.01 and the 50-share NSE Nifty fell 3 points to 10,222. Sun Pharma, HCL Technologies, Bharti Airtel, M&M, Lupin, Yes Bank, Kotak Mahindra Bank and Eicher Motors were early

  • Indian rupee opens higher at 65.33 per dollar

    14 November, 2017 3:30 AM 30

    In USD-INR, some amount of consolidation will now happen around the 65.50 pivot as global crude prices remain elevated and West Asian tension takes its toll, says Bhaskar Panda of HDFC Bank. The Indian rupee opened higher by 9 paise at 65.33 per dollar on Tuesday versus 65.42 Monday. Bhaskar Panda of HDFC Bank said, "The dollar index has steadied as US lawmakers