GROUP NO. - 11
KUNAL PATIL
MADHURESH SHANKAR
MANMOHAN RAI
Strong results exceeded by expectations :
Infosys Technologies Ltd’s September quarter results are the strongest set of numbers it has reported in the past three years. The last time dollar revenues grew in double digits was in the September quarter of fiscal 2007-08, before the credit crisis hurt the company’s customers and hit demand for IT outsourcing services. Last quarter’s 10.2% growth in dollar revenues came on the back of strong 7.2% volume growth.
The politics of patronage :
If recent events in the Karnataka legislature are any guide, there should be little doubt about where the interests of politicians lie .
Inflation may fall to 6.5% by December: PMEAC
New Delhi: Prime Minister’s economic panel has said inflation is likely to decline to 6.5% by December from “uncomfortably high” 8.6% due to RBI’s steps and the expected fall in food prices on the back of good monsoons. “Our own expectation is (that) by December the inflation rate would come to 6.5%,” Prime Minister’s Economic Advisory Council (PMEAC) chairman C. Rangarajan told PTI.
Sonia meets medal winners; Kalmadi kept out :
New Delhi: Congress president Sonia Gandhi on Saturday met the Indian medal winners in the commonwealth games but controversial organising committee chairman Suresh Kalmadi was not invited. The congress has made it clear that irregularities in the conduct of the games would not be glossed over and those found guilty would be brought to book.
Currency, passports among items lost during CWG :
Currency, accreditation cards, mobile phones, passports -this is what athletes and officials at the Delhi edition of commonwealth games lost during the past fortnight during the sporting extravaganza. Police registered nine cases and made 15 non- cognisable entries at the police station set up at the games village exclusively for dealing with cases related to athletes and officials.
Weak recovery from economic downturn :
Liquidity is leading to currency volatility, says Infosys Technologies Ltd chief executive officer and managing director S. Gopalakrishnan .(The period) 2007-08 was (one) of high growth for the global economy. There was tremendous optimism. Today, the environment is challenging, we are recovering from an economic downturn, but it is a weak recovery. Volatility is high.
Bullish on outcome of government talks :
RIM understands the concerns that nations around the world have regarding security, says Bawa
With over five years of experience in the Indian market, Research In Motion Ltd (RIM) wants to popularize its BlackBerry phones from the boardroom to the classroom, and capturing everyone in between. Frenny Bawa, managing director, India, spoke in an interview about why the Canadian firm is optimistic about the market, what its 11,000 application developers are working on, and the dispute over access with the government. Edited excerpts.
AIMPLB to appeal in SC against Ayodhya verdict :
Lucknow: The All India Muslim Personal Law Board (AIMPLB) on Saturday unanimously decided to challenge the Allahabad High Court’s verdict on the Ayodhya title suits in the Supreme Court. “During a meeting of the working committee, it was decided that the AIMPLB will move the SC directly or through the Sunni Central Waqf Board,” Board sources said here.
The 51-member committee discussed in detail the High Court verdict. The Muslim Law Board members had earlier made it clear that the High Court verdict was not acceptable to it as it was based on faith and not on evidence.
Apec nations aim to boost farm produce :
Niigata, Japan: Asia Pacific nations agreed on Sunday to boost the region’s agricultural productivity through technology transfer and information sharing as climate change and a fall in arable land threaten future food supplies. The 21-member countries of the Asia Pacific Economic Cooperation (Apec) also called for “responsible” agricultural investment as rising acquisition of farmland in developing countries by other nations to ensure their own food supplies is causing friction with local people.
IN NEWS :
Ambani’s home the costliest, but not in Forbes list :
New York: Billionaire Mukesh Ambani’s $1 billion new abode ‘Antila´ may outprice any other home in the world, but is not in the Forbes’ list of most expensive homes as the house is not for sale, the magazine has said .
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