The famous promoters of Infosys have steadily been reducing their stake. The combined promoters holding at the end of March 2012 in the index heavyweight stands at 16.04 per cent. They held 28.72 per cent stake in March 2002. During the period, the Rs 5-paid Infosys jumped from Rs 256 (after adjusting for bonus and [...]

Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here. According to The Hackett Group, the traditional model of [...]

The ignorance and corruption of our ministers, where can you miss of instances? If you survey the court, if you survey the country, if the church, if the city be examined, if you observe the bar, if the bench, if the ports, if the shipping, if the land, if the seas…all these will render you [...]

The budgeted expenditure of the Central government for 2012-13 is pegged at 14,90,925 crore, which will be financed by tax receipts to the extent of just over 52%, while borrowings will account for a share of 34%. Of this spending, a lion’s share will go to meet non-plan heads – 65.1%. Also, capital outlay, that is the amount allocated [...]

A rising number of information technology firms are consolidating and re-aligning leased office spaces across the metros, hoping to save their rents and operating costs that will help them sail through the global economic storm. Among the big-ticket lease agreements locked recently is that of Mahindra Satyam. The IT services provider, which operates from multiple [...]

The economic news is looking better lately. But after previous false starts – remember “green shoots”? – it would be foolish to assume that all is well. And in any case, it’s still a very slow economic recovery by historical standards. There are several reasons for this slowness, with the most important being the overhang [...]

Facing an economic down turn due to steady fall in exports, China for the first time in seven years projected a lower growth, scaling down its GDP growth target to 7.5 per cent this year from last year’s eight per cent. The lower growth target was projected in the annual government work report delivered by [...]

Kerala,and India,hasnt really cracked the full potential of this hard nut.But as the world wakes up to this  rehydrating,natural,energiser,that could well change.It must It was not what Suresh Nair ever wanted to do.But acute labour shortage had forced Nair,a coconut farmer in Alappuzha,Kerala,to attend a short-duration course in coconut palm climbing,organised by the Coconut Development [...]

Consumer confidence in India remains high for the eighth consecutive quarter, latest Nielsen report reveals. India remains the world’s most optimistic market for the eighth consecutive quarter (or for two years in a row) with a one point consumer confidence index increase to 122. “The top spot globally reminds us of the inherent strength of [...]

General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. Strong sales in the US and China helped the 103-year-old carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup truck and SUV boom. GM is a vastly different company than it [...]