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January 13: News peeks for the day

  • January 13: News peeks for the day

    January 13: News peeks for the day

  • <b>Kris Gopalakrishnan, CEO of Infosys Technologies, attends the G20 CEO Summit in Seoul</b> </p><p> Driven by better account management, healthy addition of new clients and strong growth in Europe, Infosys Technologies, India&#39;s second largest IT exporter, has posted a 14.2% growth in its net profit to Rs 1,780 crore in the quarter ended December 31, 2010 when compared with the corresponding quarter in the previous fiscal (Rs 1,559 crore). </p><p> During the period under review, the IT bellwether&#39;s revenue went up by 23.8% to Rs 7,106 crore when compared with the same quarter in fiscal 2009-10 (Rs 5,741 crore). Earnings per share was Rs 31.15 for the quarter which is a year on year (YoY) increase of 14%. </p>

    Kris Gopalakrishnan, CEO of Infosys Technologies, attends the G20 CEO Summit in Seoul

    Driven by better account management, healthy addition of new clients and strong growth in Europe, Infosys Technologies, India's second largest IT exporter, has posted a 14.2% growth in its net profit to Rs 1,780 crore in the quarter ended December 31, 2010 when compared with the corresponding quarter in the previous fiscal (Rs 1,559 crore).

    During the period under review, the IT bellwether's revenue went up by 23.8% to Rs 7,106 crore when compared with the same quarter in fiscal 2009-10 (Rs 5,741 crore). Earnings per share was Rs 31.15 for the quarter which is a year on year (YoY) increase of 14%.

  • <p>A labourer carries a sack filled with corn flour at a wholesale vegetable market in Kolkata January 10, 2011. The food price index rose 16.91% and the fuel price index climbed 11.53% in the year to January 1, government data on Thursday showed</b> </p><p> Food inflation eased marginally from a one-year peak, but remained high enough to keep pressure on annual headline inflation in December and reinforce expectations of an interest rate rise this month. </p><p> Policy makers have blamed unseasonal rains and supply side bottlenecks for high food prices that have put pressure on a beleaguered coalition government already battling multi-billion dollar corruption cases and an emboldened the opposition. </p>

    A labourer carries a sack filled with corn flour at a wholesale vegetable market in Kolkata January 10, 2011. The food price index rose 16.91% and the fuel price index climbed 11.53% in the year to January 1, government data on Thursday showed

    Food inflation eased marginally from a one-year peak, but remained high enough to keep pressure on annual headline inflation in December and reinforce expectations of an interest rate rise this month.

    Policy makers have blamed unseasonal rains and supply side bottlenecks for high food prices that have put pressure on a beleaguered coalition government already battling multi-billion dollar corruption cases and an emboldened the opposition.

  • <p><b>Finance Minister Pranab Mukherjee attends a business meeting in New Delhi</b> </p><p> Finance Minister Pranab Mukherjee said on Thursday there is no need for unnecessary panic on inflation. </p><p> Food inflation in the year to January 1 stood at 16.91%, data on Thursday showed, easing marginally from 18.3% recorded in late December, which was the highest in more than a year. </p><p> High food inflation is a major headache for a government already battling multi-billion dollar corruption cases that have emboldened the opposition. </p>

    Finance Minister Pranab Mukherjee attends a business meeting in New Delhi

    Finance Minister Pranab Mukherjee said on Thursday there is no need for unnecessary panic on inflation.

    Food inflation in the year to January 1 stood at 16.91%, data on Thursday showed, easing marginally from 18.3% recorded in late December, which was the highest in more than a year.

    High food inflation is a major headache for a government already battling multi-billion dollar corruption cases that have emboldened the opposition.

  • <p><b>A horse-drawn carriage carrying tourists moves past the Taj Mahal hotel in Mumbai</b> </p><p> Indian Hotels Co Ltd, which owns the Taj chain, plans to execute a pipeline of 43 projects over the next 36-48 months, its Managing Director said on Thursday. </p><p> This will result in addition of 10,000-12,000 rooms, Raymond Bickson said on the sidelines of an international hospitality conference organised by the Hotel Investment Forum India. </p><p> "The majority of these (addition) will be in India. We have planned growth for Ginger, Gateway, Vivanta and Taj. But outside India, it will be just with Taj." </p>

    A horse-drawn carriage carrying tourists moves past the Taj Mahal hotel in Mumbai

    Indian Hotels Co Ltd, which owns the Taj chain, plans to execute a pipeline of 43 projects over the next 36-48 months, its Managing Director said on Thursday.

    This will result in addition of 10,000-12,000 rooms, Raymond Bickson said on the sidelines of an international hospitality conference organised by the Hotel Investment Forum India.

    "The majority of these (addition) will be in India. We have planned growth for Ginger, Gateway, Vivanta and Taj. But outside India, it will be just with Taj."

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