The software product revenues of India’s second biggest IT firm Infosys declined by close to 10% in FY15 largely due to certain challenges associated with Finacle, its core banking software. The software product revenues of Infosys stood at Rs 1,653 crore last fiscal as against R1,828 crore in FY14, revealing a decline of 9.5%, according to the company’s latest annual report.

Software products contributed about 3.2% to Infosys’ overall revenue in FY15 as against 3.6% in FY14.

Bharat Heavy Electricals Ltd (BHEL) today said it commissioned six hydro sets with a combined 736 MW capacity in 2014-15.

This accounts for 100% of hydro power capacity addition in the country in the said fiscal, BHEL said in a statement.

Shares of ITC have dipped 3% to Rs 319 on the NSE in early morning trades after the company reported a lower-than-expected 3.7% year on year (yoy) growth in its net profit at Rs 2,361 crore for the fourth quarter ended March 31, 2015 (Q4) due to muted growth in cigarette business and decline in agri segment. The fast moving consumer goods (FMCG) major had posted a profit of Rs 2,278 crore in the year-ago quarter.

Net sales rose marginally by 0.47% to Rs 9,188 crore in the quarter under review from Rs 9,145 crore in the year-ago period, ITC said in a BSE filing.

The markets are seeing mild profit-booking this morning after rallying more than 2% in the past week.

At 10.30am, the Sensex was at 27,817, weaker by 139 points and the Nifty was quoting below its crucial technical level of 8,450 at 8,417, down 39 points. The midcap and smallcap indices had, however, edged higher by 0.2% each at 10,645 and 11,226 respectively.

Reliance Industries Ltd (RIL) plans to fully resume its petrol pump network by March next year. The government, after ending diesel subsidies, has given it a level- playing field to compete with state-owned retailers.

“Reliance plans to re-commission the entire network of 1,400 outlets by the end of financial year 2015-16. As on March 31, 2015, over 300 outlets are operational,” the company said in its latest annual report.

The death toll following the two devastating earthquakes that have struck Nepal has reached 8,635 with over 300 people, including 89 foreigners, still missing.

At least 79 foreigners, including 49 Indians have been killed in the devastating earthquakes, according to a statement by the Nepal police.

Plenty of people have compared the Apple Watch to the classic Casio calculator watch; these guys went ahead and made the inevitable app. Meet GeekWatch — the app that turns your Apple Watch into an old-school calculator watch.

I mean, sure — you could buy a calculator watch on Amazon for like 15 bucks. But where’s the meta/hipster/ironic/kinda-obnoxious humor in that?

NEW DELHI: India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company.

The government hopes to sell shares in ONGC and India Oil Corp. to raise about a third of its budget target for asset sales of $11 billion - and reduce its fiscal deficit to 3.9 percent of GDP in the 2015/16 fiscal year.

Five coaches and the engine of a passenger train derailed in Kokrajhar district of Assam in the early hours today, seriously injuring its engine driver and causing minor injuries to some passengers.

Northeast Frontier Railway spokesman Jayamta Sarma said that the accident occurred between Salakati and Basugaon at 5.15 a.m as the 55753 UP Sifung passenger train was about to negotiate a bridge.

Finance Minister Arun Jaitley, while on the subject this Friday, chose not to clear the air on the Centre's stand on a policy sticking point, foreign direct investment (FDI) in multi-brand retailing.

Last week, the department of industrial policy and promotion (DIPP) had issued a policy document on FDI. In it, it had retained the earlier Manmohan Singh government's decision to allow up to 51 per cent FDI in multi-brand retailing.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.