cmp: Rs 1,135.70 target price: Rs 1,246 Prabhudas Lilladher has a ���reduce��� rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term. ���While we expect Infosys to perform better than most other players in the industry, we rate the stock ���reduce��� with … Read more
AHMEDABAD: Its too late and too little done in the US to come out of the financial turmoil, a crisis of 240 trillion $ cannot be stemmed with bailout packages of 1 to 10 trillion $, Arun Kumar, professor at Jawaharlal Nehru University said here on Thursday. “When the US president elect Barrack Obama assumes … Read more
The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies. Accounting rules, called AS-11 provisions, make it mandatory for companies to … Read more
At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally. During the past trend phases in the Sensex, a monthly moving average convergence/divergence (MACD) cross-down below its trigger line, have, typically, led to a significant value erosion, with the corrective phase lasting, … Read more
NEW DELHI: Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by a US magazine BusinessWeek. The BusinessWeek’s latest annual list ‘The Infotech 100’, which ranks the firms on the basis of shareholder … Read more
LONDON: The upheaval in stock market has taken a toll on the global rankings of Indian companies, with 14 of them present in a new list of world’s 500 most valued firms together seeing an erosion of about $150 billion in their market value in the first three months of this year. While 13 of … Read more
Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN — The devastating earthquake that hit Turkey on February 6 killed at least 45,000 people, rendered millions homeless across almost a dozen cities … Read more
Istanbul CNN — Turkey’s Red Crescent organization has been criticized by lawmakers and citizens after revelations that it sold tents to a charity instead of donating them to people in urgent need after the massive earthquake that claimed more than 44,000 lives earlier this month. While people were begging the government for shelters to sleep … Read more
CNN — A search and rescue operation has been underway in Nepal following a deadly plane crash that once again highlights the dangers of air travel in a country often referred to as one of the riskiest places to fly. Of 72 people on board, at least 69 were killed and their bodies recovered after … Read more
Two New Zealanders detained in Iran for the last few months have been allowed to leave the country, New Zealand’s Ministry of Foreign Affairs and Trade said on Wednesday. New Zealand Prime Minister Jacinda Ardern had earlier on Tuesday said in a video broadcast live on Facebook that the New Zealand government had for the … Read more