The Mint - 16th October

Gaurav pandey
Honey parnami
Himanshu kanaujia
Section – H (group 9)

S. Gopalakrishnan | Weak recovery from economic downturn

In an interview CEO of Infosys technologies seemed delighted and optimist as the growth figure reached to 10% after the economic downturn period. The revenue added this quarter is the highest in the history of the company at $130 million (Rs. 572 crore) compared to about $95 million then.

Vodafone files petition against India tax move
Vodafone international filed a writ petition in Bombay High Court on Friday to shield itself from IT department. As per to Income tax department Vodafone is liable to pay Rs. 12000 crore (withholding tax).

Capping interest rates affects margins, says Vikram Akula
Talking to reporters on Friday Vikram Akula founder and chairman of SKS Microfinance Ltd said that profit margins coming under pressure if finance ministry or banking regulators directs interest rates charged by MFIs

Uninor tops the chart again
Uninor has added the most subscribers among private telecom players during September (2.3 Mn) and stood at No. 1 position in extension of subscriber base.


Bombay HC gives nod for RPower, RNRL merger
Anil Ambani-led RNRL said that the Bombay High Court has approved the merger of both entities. According to this, RPower shall issue and allot one equity share of Rs10 face value for every four equity shares of Rs5 face value of RNRL, the companies said in separate filings to the Bombay Stock Exchange (BSE).The merger would increase RPower’s shareholders’ base to over 6 million from 3.5 million at present.
China, Pak are major irritants, says Army chief
Army chief General V K Singh on Friday described China and Pakistan as "two major irritants". "We must have substantial conventional war-fighting capabilities, with the ability to even fight in a nuclear scenario, "skirmishes are certainly possible'', he added. China has supported Pakistan’s nuclear and missile programmes with the strategic aim to bog down India in South Asia.

Now, switch on your cell after landing
Air travellers can now switch on their mobile phones the moment their aircraft lands at any Indian airport and exits the active runway. The Directorate General of Civil Aviation ( DGCA) on Friday night issued a directive to airlines, asking them to announce the lifting of restriction on mobiles post-landing and allow passengers to do so latest by next Wednesday.

RBI panel to examine functioning of MFIs
Now government has come up to regulate the predatory practices of MFI’S. The Reserve Bank of India (RBI) on Friday announced the constitution of a sub-committee to look into the functioning of MFIs. RBI governor D Subbarao, has not commit the regulations to deal with the MFI’S. A move has come a day after the AP cabinet approved an ordinance providing for a three year sentence and Rs 1 lakh penalty for MFIs harassing borrowers for recovery of loans.

Wi-Fi in homes can be hacked in 5 seconds

Wi-fi hacking means criminals can steal the identity and information to raid your bank accounts. It’s matter of concern for those who are not using the password attached. CPP fraud expert Michael Lynch said, "We urge all Wi-Fi users to remember that any information they volunteer through public networks can easily be visible to hackers."

Android eats iPhone marketshare
Google Inc's Android operating system helped smartphone makers who use the software win market share from Apple Inc's iPhone in the second quarter, researcher ISuppli said in a report. HTC Corp, which makes some of the Droid models for Verizon Wireless, increased shipments 63 per cent from the first quarter, boosting its share of the global smartphone market to 8 per cent, ISuppli said. Samsung Electronics Co, which released the Galaxy line of Android devices, increased shipments by 56 per cent.
The Mountain View, California-based company has lost 13 per cent this year. Apple added $3.18 to $298.54.
Apple, the third-largest smartphone maker, declined 4 per cent worldwide from the first quarter.

kalmadi isolated as cwg official inquiry begins
v.k shunglu is appointed to review the event and probe the allegation of irregularities.congress chief sonia gandhi said who so ever found guilty in using government fund should be penalise..
tata to donate $ 50 mn to harvard business school
ratan tata has announced a $50 million donation to harvard business school.the fund will sponsor by dorabhi tata trust and tata education and devopment trust.

Buoyant Infosys raises FY estimate


Infosys Technologies Ltd show double-digit growth in revenue from the preceding quarter for the first time in three years.revenue would grow up 24-25% or $5.95-6 billion, up from 19-21% it had in last quarter.infosys raise 100 million revenue fast time. Clients are spending on technology, have good cash positions and are outsourcing business, boosting earnings for company..


General electric 's earnings fall 18% in 3rd quarter
the chairman and ceo jeff immelt said that equipment order rose 9%
and technology infrastructure increased by 33%.this growth
increase the confidence of investor that renewed GE should grow earnings and dividend in near future.