HCL Infosystems Q3 net profit dips marginally

HCL Infosystems Ltd Friday reported a marginal decline of 0.19 percent in its net profit during the quarter ended December 2010 at Rs.55.98 crore as against Rs.56.09 crore in the same period last fiscal. However, the net income from operations of the company increased by 2.75 percent at Rs.3,115.14 crore for the quarter under review as against Rs.3,031.49 crore during the same period in the corresponding fiscal

‘Lot of acquisition’ for Fortis in 2011

Fortis Group’s overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes “a lot of acquisition” this year, its promoter Malvinder Singh has said. “Fortis Global will go for a lot of acquisitions in 2011

HCL to acquire 20 percent stake in Techmart Telecom

HCL Infosystems Limited Thursday said it has signed a share purchase agreement to acquire 20 percent stake in Techmart Telecom Distribution, a Dubai-based partner of Nokia Corporation, the company said in a statement “In addition to the 20 percent equity stake, HCL Infosystems will be providing consultancy and operational services to Techmart Telecom, leveraging the company’s expertise in the telecom distribution space,” the statement said. Techmart Telecom Distribution is the distributor for Nokia’s smartphones in the Middle East and Africa

Havells invests Rs.1.2 bn for expansion

Electrical and power equipment major Havells India Wednesday said it has doubled its cable and wire manufacturing capability at an investment of Rs.120 crore (Rs.1.2 billion).

Pakistan should control terror machine, says PM

Prime Minister Manmohan Singh Saturday said his government was committed to normalisation of India’s relationship with Pakistan but the neighbouring country must control the terror machine. “We are willing to discuss all issues, provided the terror machine is controlled,” the prime minister said in response to a question at the Hindustan Times leadership summit

Indication of industrial revival as IIP grows at 6.8 % in July

Factory productions expanded at a greater pace for the second month in a row growing by 6.8 per cent in July against 6.4 per cent a year ago, signalling an industrial recovery. And the trend, if sustained, could well offset the likely decline in farm output because of an erratic monsoon and help overall growth in ...

Sehwag’s absence huge loss but Team Indian confident: Kirsten

India's cricket coach Gary Kirsten has said that the team would draw inspiration from its past success in Sri Lanka as it copes with the "huge" loss of not having explosive opener Virender Sehwag for the tri-series in the island nation. The Indian team left for Sri Lanka on Wednesday for the tri-series that also features ...