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Wednesday, July 13, 2005

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Infosys Q1 net profit up 37 pc — Stock falls 4.12 % as results disappoint market
INFOSYS Technologies disappointed the markets on Tuesday after it announced first quarter earnings that fell short of expectations. This was despite the company raising the outlook for the full financial year. Infosys reported a net profit of ... More

Steel producers feel the heat as Chinese banks dishonour LCs
STEEL manufacturers exporting to China have found that Chinese State-owned banks are going back on their Letter of Credit (LC) commitments. This is a practice increasingly being adopted by Chinese buyers with support from their banks following ... More

Recovery proceedings on DEPB taxation to be put on hold till August 31
THE Central Board of Direct Taxes (CBDT) has directed its field formations to keep all recovery proceedings relating to the issue of taxation of profits from sale of duty entitlement passbook (DEPB) licences in abeyance up to August 31. The ... More

NHAI identifies 17 non-performing contractors — 8 international cos in the list
HAVING faced flak for delays in project implementation, the National Highways Authority of India (NHAI) has come down heavily on contractors who, it feels, have not been able to perform well. "We have termed certain contractors as ... More

No differences with India, Iran on pipeline project: Pak
THE over $4 billion Iran-Pakistan-India gas pipeline project seems to be inching towards reality. Pakistan today reconfirmed its commitment to the project, stating that it had no differences with India and Iran over pipeline. It assured that ... More

Industrial production rises 10.8% in May
THE Index of Industrial Production for May 2005 stood at 213.0, up 10.8 per cent compared to the corresponding month of the previous financial year, according to an official release. The indices of industrial production shows that the mining, ... More

Rlys now offers e-payment facility to freight users too
INDIAN Railways is opting for e-commerce applications in a big way. Having successfully launched payment and booking over Internet services in the passenger segment, the Railways will now focus on implementing the same in its freight business ... More



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