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4 months after failed bid, ISRO launches 100th Satellite Cartosat-2 Series

4 months after failed bid, ISRO launches 100th Satellite Cartosat-2 Series

The Indian Space Research Organisation's (ISRO) on Friday launched its 100th satellite along with 30 others in a single mission from the space port of Sriharikota.

The 42nd flight of India's Polar Satellite Launch Vehicle (PSLV-C40) carrying the 710-kg Cartosat-2 series satellite took off from the Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota.

Infosys Q3 results today: Earnings may be tepid but guidance to be in focus

Infosys Q3 results today: Earnings may be tepid but guidance to be in focus

Infosys Technologies, the country’s second-largest software services firm, is scheduled to report its earnings for the September-December quarter on Friday. This quarterly earnings report of the company will be keenly watched for the guidance it gives under its new chief executive officer (CEO) Salil Parekh.

If terms of earnings, if analyst estimates are anything to go by, Infosys’ third-quarter show could be rather tepid.

TCS bags $2 bn deal to transform Transamerica's insurance & annuities admin

TCS bags $2 bn deal to transform Transamerica's insurance & annuities admin

Tata Consultancy Services (TCS) on Thursday announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its U. S. insurance and annuity business lines.

The partnership enables Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform, and drive greater sustainable growth opportunities through superior customer experiences.

Sebi order against Price Waterhouse has audit profession in a tizzy

Sebi order against Price Waterhouse has audit profession in a tizzy

The audit profession is a divided lot when it comes to reacting to the Securities and Exchange Board of India’s (Sebi’s) order barring Price Waterhouse (PW) network firms from the audit of listed entities for a period of two years. Most chartered accountants and audit professionals were of the view that Sebi’s order was “harsh” and a financial penalty would have sufficed to send a strong message to the errant firm.

“The situation is akin to shutting down an entire hospital for one errant operation by a doctor,” said a chartered accountant at an Indian firm that is part of a foreign network.

SBI to raise Rs 20,000 cr via bonds for affordable housing

SBI to raise Rs 20,000 cr via bonds for affordable housing

New Delhi, Jan 11 Country's largest lender State Bank of India (SBI) plans to raise Rs 20,000 crore through long term bonds to fund affordable housing.

SBI had earlier proposed to raise Rs 5,000 crore for the purpose.

TCS share price slips in red after briefly hitting 52-week high ahead of Q3 results

TCS share price slips in red after briefly hitting 52-week high ahead of Q3 results

Shares of India’s largest IT company Tata Consultancy Services were trading in the negative territory on Thursday ahead of the third quarter earnings of the IT bellwether which will be out in a couple of hours. The stock of Tata Consultancy Services was trading down by 0.6% on both BSE and NSE on Thursday. At the time of writing, the share price of TCS was down 0.62% at Rs 2,789.8 on BSE while the stock was trading 0.56% lower at Rs 2,790.9 on NSE. In the morning trades, TCS shares along with 3 other major IT firms hit a 52-week high.

Hyundai Motor Company invests in Singapore's ride-hailing firm Grab

Hyundai Motor Company invests in Singapore's ride-hailing firm Grab

Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.

Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region's third-party taxi hailing and private-vehicle hailing sector.

Maruti Suzuki increases car prices by up to Rs17,000

Maruti Suzuki increases car prices by up to Rs17,000

New Delhi: Maruti Suzuki India Ltd, the country’s largest carmaker, on Wednesday raised the prices of its cars by between Rs1,700 and Rs17,000 across its entire product range.

Maruti has followed rivals Hyundai Motor India Ltd and Tata Motors Ltd, which have increased prices to factor in a rise in commodity and other input prices.

Sensex regains 51 points in early trade ahead of earnings

Sensex regains 51 points in early trade ahead of earnings

The benchmark Sensex rebounded by 51 points in opening trade after IT, realty and teck stocks rose on optimistic buying by investors ahead of announcement of quarterly results.

The 30-share index rose by 51.78 points, or 0.15 %, at 34,484.85, in opening trade with IT, realty, teck, power and auto leading the recovery by rising up to 0.80 %.

7 years’ jail for benami transactions

7 years’ jail for benami transactions

The Income-Tax Department on Wednesday warned people to “keep away” from benami transactions, cautioning that violations under the newly enacted law invites criminal prosecution and rigorous imprisonment up to seven years.

The department put out its alert in an advertisement published in leading national dailies.

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