Infosys Ltd is trying to improve the effectiveness of its sales team by incorporating elements of design thinking, among other measures, while making pitches to prospective clients in an effort to win more orders that exceed $100 million in annual revenue.

Chief executive officer Vishal Sikka has, however, told top company executives that any “meaningful impact” of all the current measures, including using design thinking and automation, on how Infosys writes code and rolls out technology solutions for its clients, will start reflecting in its earnings only from the October-December quarter, according to a senior company executive.

Shares of DLF were up nearly 3% at Rs 132 after the company said that ICRA has removed the rating frmo 'rating watch with negative implications' and reaffirmed the rating (ICRA)A on the real estae major's bank facilities and NCD programme.

ICRA has reaffirmed the long-term rating of ICRA A assigned to Rs 4,000 crore non-convertible debenture programme, Rs 8,542 crore fund-based facilities and Rs 1,160 crore non-fund based facilities of DLF Ltd, the company said in a release adding that the long term rating has been assigned a negative outlook.

Axis Bank on Wednesday reported an 18.36% growth in net profit for the fourth quarter ended March 31, 2015 on account of higher net interest income (NII). The bank had net profit of Rs 2180.6 crore for Q4 of FY15 compared to Rs 1842.3 crore posted in Q4 FY14.

Provisions for the fourth quarter were at Rs 709.8 crore compared to Rs 505.2 crore in same quarter previous fiscal, an increase of 40%. Net interest income in Q4 of FY15 was up by 20% at Rs 3799.2 crore.

JAIPUR: The refinery project would generate cash surplus for Hindustan Petroleum Corporation (HPCL) even without the Rajasthan government financial assistance of Rs 3,736 crore annually to the company for 15 years. The findings that have come out in the preliminary report of PwC has firmed up the state government stand for refusing to extend interest-free loan to HPCL.

From starting of operations, the profit earned by the main promoter HPCL would be above Rs 2,000 crore annually. Except in the second year, where cash surplus is estimated to be Rs 1500 crore, the company is expected to register increase in net profits every year.

Mumbai: The government will create a favourable environment to prevent any future stress in the power, steel, roads and ports sectors, top government officials said on Tuesday after a meeting with top bankers.

The officials met bankers at the Reserve Bank of India (RBI) headquarters to discuss about 85 large projects worth about Rs.3.5 trillion. About 4% of these projects have already been marked as bad debt.

Maruti Suzuki India Ltd will hand out special bonuses to its top-performing employees after posting a record profit in the year ended March.

The company has made a provision for the bonuses in its March quarter financial results, which was released on Monday, chief financial officer Ajay Seth said in a phone interview on Tuesday, without giving details.

The benchmark BSE Sensex fell over 200 points in late morning trade today as stocks of IT, FMCG, metal, oil & gas and auto companies succumbed to profit-booking by speculators ahead of tomorrow’s monthly expiry in derivatives segment amid a weak trend at other Asian bourses.

The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19. The gauge had gained 219.39 points in the previous session.

Bharti Airtel will react after reporting 30.5% growth in net profit at Rs 1,255 crore for the quarter ended March this year, owing to growth in data revenue.

Idea Cellular is likely to firm up after its consolidated profit after tax increased 60% to Rs 942 crore for the fourth quarter ended March 2015 against Rs 589.8 crore for the same quarter March 2014.

Two wheeler manufacturer Bajaj Auto is now targeting emerging sport bike category with more offerings. The company today unveiled the Pulsar Adventure Sport series with Pulsar AS 200 and Pulsar AS150 along with Pulsar Rs 200. It will expand the category further in the next few months. The adventure sport bike category - AS200 and AS150 - are priced at Rs 80,570 and Rs 91000(ex-showroom Pune). The RS200 is priced at Rs 1.21 lakh for the non-ABS version and at Rs 1.33 lakh for the ABS version, ex-showroom, Pune.

Idea Cellular, India's third largest mobile operator, on Tuesday reported a 66 per cent year-on-year jump in its standalone net profit at Rs 1,077.7 crore for the fourth quarter, which was better than Street estimates of Rs 850 crore.

Revenues, too, beat Street estimates growing by 22 per cent in the fourth quarter over the corresponding quarter last year to Rs 8,541.3 crore. Various brokerages were expecting 19-20 per cent growth in revenues during the quarter.

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