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Infosys Q2 net up 12% q-o-q at Rs 3,398 crore

Infosys Q2 net up 12% q-o-q at Rs 3,398 crore

Despite posting a strong financial quarter in terms of revenue growth and profitability, Infosys indicated some weakness ahead when it cut its revenue guidance for the full year.

The Bengaluru-based company said it is now expecting its dollar revenue for FY16 to grow between 6.4–8.4% as against the earlier projected 7.2–9.2%, indicating some weakness in deal flows going forward.

At least 30 killed, 126 wounded in two blasts in the Turkish capital Ankara

At least 30 killed, 126 wounded in two blasts in the Turkish capital Ankara

Twin explosions outside the main train station in the Turkish capital Ankara killed at least 30 people on Saturday as hundreds gathered for a peace rally, in what government officials described as a terrorist attack.

A Reuters reporter saw at least 30 bodies covered by flags and banners, including those of the pro-Kurdish opposition Peoples' Democratic Party (HDP), with bloodstains and body parts scattered on the road.

CBI raids Bank of Baroda branches for Rs 6100 cr black money transfers

CBI raids Bank of Baroda branches for Rs 6100 cr black money transfers

The Central Bureau of Investigation on Saturday carried out searches at Bank of Baroda branches in New Delhi in connection with the alleged transfer of Rs 6100 crore black money to Hong Kong.

The transactions were allegedly carried out with the collusion of bank officials. The unusual remittances were spotted in the audit report of the bank, CBI sources said.

Nokia India served tax notice for AY 2010-11 dispute

Nokia India served tax notice for AY 2010-11 dispute

NEW DELHI: Income Tax department on Saturdaysaid a tax demand notice has been served on Nokia India after it completed an assessment for 2010-11 in August this year in the existing dispute over royalty payments to its parent company.

"An assessment order was passed in the case of Nokia India Pvt Ltd for Assessment Year (AY) 2010-11 in August 2015. The tax demand raised by this order was primarily based on issues arising from earlier orders," a tax department statement said.

Hyundai exports take a hit

Hyundai exports take a hit

Calcutta, Oct. 9: A tweak in the global production strategy by Korean automobile major Hyundai has led to shrinking exports from the company's Indian arm.

Hyundai Motor India, which is still the largest car exporter, has recorded a 10.98 per cent dip in exports in April-August over the same period a year ago, according to the Society of Indian Automobile Manufacturers.

Kejriwal's graft axe falls on minister

Kejriwal's graft axe falls on minister

New Delhi, Oct. 9: Delhi chief minister Arvind Kejriwal today sacked a cabinet minister over corruption allegations, making the announcement at a news conference and daring the BJP to take similar action against its leaders accused of wrongdoing.

Kejriwal also announced a CBI probe into allegations that food and civil supplies minister Asim Ahmed Khan had demanded a bribe of Rs 6 lakh from a builder.

Rupee closes stronger against US dollar at 64.74

Rupee closes stronger against US dollar at 64.74

Mumbai: The Indian rupee on Friday strengthened past the 65 mark against the US dollar, tracking gains in the Asian currencies market.

The rupee closed at 64.74 per dollar, up 0.53% from its previous close of 65.08.

Axis Bank offers mobility solutions

Axis Bank offers mobility solutions

Axis Bank has launched a comprehensive suite of mobile and tablet based solutions for corporates, offering the entire gamut of transaction banking products and services. The mobility solutions would enable corporates to carry out payments, trade and forex transactions, while on the move, the bank said.

“We are the first bank to provide our corporate customers with mobility related banking products and help them to transactions while on the move.

IRCTC announces two-day Golden Triangle package

IRCTC announces two-day Golden Triangle package

Indian Railway Catering and Tourism Corporation (IRCTC) has rolled out a two-day travel package that allows travellers to zip through the Golden Triangle — the three historic cities of Delhi, Agra and Jaipur — in 3 Shatabdi Express trains.

“This is one of the innovative travel packages which eminently suits those travellers who are planning a short-duration getaway. The package allows them to experience the magnificence of some of the most famous monuments in India,” said IRCTC Chairman and Managing Director A.K. Manocha.

Air India to raise over Rs 7,000 crore by sale, leaseback of 9 Dreamliners

Air India to raise over Rs 7,000 crore by sale, leaseback of 9 Dreamliners

State-owned carrier Air India has put on sale nine of its 21 Dreamliners (B787-800) to raise over Rs 7,000 crore to fund acquisition of new aircraft and also for repayment of the bridge loan availed earlier for purchasing these Boeing 787-800s.

These nine planes were inducted in the carrier's fleet between March 2014 and June this year.

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