Hexaware Technologies Ltd. on Monday raised its revenue outlook for the third-quarter, sending its shares up more than 13 percent, but a top official said margins would remain under pressure till the December quarter.
Ipca Laboratories Ltd., India's biggest supplier of anti-malaria drugs, forecast a 25 percent jump in sales of the treatments this year because of increased demand.
Sunil Mittal-led Bharti on Sunday announced its entry into the fast-growing mobile handset business with group firm Beetel launching eight handsets in the Rs 1,750-7,000 price range.
The rupee trimmed its gains in afternoon session on Monday as oil firms and importers bought dollars after the unit rose to its highest level in three months earlier in the session, dealers said.
FII inflow in September 2010 totaled Rs 12442.80 crore (till 16 September 2010). FIIs had bought equities worth Rs 11687.50 crore in August 2010. FII inflow in the calendar year 2010 totaled Rs 71824.50 crore (till 16 September 2010).
Steel ministry plans to seek easier norms for state-run steel firms from a proposed profit-sharing plan in mining, the steel minister said on Monday.
The dollar edged down and gold hit a record high on Monday as possible further Federal Reserve moves to increase money supply weighed on the U.S. currency and boosted alternative assets.
China's main nuclear energy corporation is in talks to build a 1-gigawatt atomic power plant in Pakistan, an executive said on Monday.
Oil pared gains to trade little changed in New York on concern that a slowing economic recovery will erode demand for fuels in the U.S., the world's biggest crude consumer.
Gold prices rose to a new record high at $1,283.25 an ounce on Monday, as fresh worries about the health of the global economy.
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