Monthly Archives: October 2013

The Great Indian Coal Scam-I: Coal controversy looms large on Tata group companies

More than a year after the Comptroller & Auditor General (CAG) tabled the coal block allocation report in the Parliament– which indicted the government for an estimated loss of Rs 1,86,000 crore while allocating coal blocks–the Central Bureau of Investigation … Continue reading

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More IT hiring now off-campus

With improvement in demand for their segment, information technology (IT) companies are expected to raise the hiring of fresh college graduates. However, unlike in earlier years, when companies were doing mass recruitment from campuses, more of IT companies are seen … Continue reading

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Rupee may rise as importers’ dollar need dips

The rupee is set to start strengthening by the end of the week, as month-end dollar demand from importers comes to an end. However, the near-term trigger for the rupee remains the outcome of the Reserve Bank of India (RBI)’s … Continue reading

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Rupee drops 48 paise to 61.55 against dollar

MUMBAI: The rupee ended two sessions of gains and fell 48 paise to 61.55 against the dollar after weak inflation and industrial output data amid fresh demand from importers for the US currency. The decline came even as local equities firmed up amid sustained capital inflows. A weak dollar … Continue reading

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Murthy makes presence felt in Infosys results

Infosys on Friday posted healthy growth in earnings for July-September 2013, and raised the lower end of its FY14 revenue guidance, indicating the company had regained its momentum. The performance of India’s second largest information technology (IT) services firm in … Continue reading

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RBI governor Raghuram Rajan’s plans to change trade credit may bring relief to SMEs

MUMBAI: The Rs 3.6-crore micro, small and medium enterprises, which account for nearly 10 per cent of the country’s gross domestic product, could get a substantial boost if the moves byReserve Bank of India governor Raghuram Rajan to change the way … Continue reading

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RBI directive on credit limits will help SME exporters

The recent directive by the Reserve Bank of India (RBI) to all scheduled commercial banks and the Exim Bank of India to compute the export credit limits of borrowers in such a way that exporters would be insulated from the … Continue reading

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