Publication: NDTV Profit

First reported 11 mins ago - Updated 28 mins ago - 1 reports

iGate shares crash to 18-month low on Murthy's sacking

10:51 (IST)More From MarketNasdaq-listed iGate shares fell as much as 13 per cent on Tuesday after the California-based IT outsourcer sacked its chief executive Phaneesh Murthy.Mr Murthy, one of India's best-known global IT executives, was sacked for ... [Published NDTV Profit - 11 mins ago]

Entities: Stocks, Stock Prices, Market

First reported 9 hours ago - Updated 40 mins ago - 1 reports

Standard & Poor's

Dow, S&P close at fresh all-time highs

New York: Wall Street rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program.The Dow Jones industrial average ... [Published NDTV Profit - 9 hours ago]

Entities: Standard & Poor's, Index, Dow Jones Industrial Average, S&P 500

First reported 2 hours ago - Updated 1 hour ago - 1 reports

AFL-CIO

IT industry gets some relief as Senate panel passes Immigration Bill

Washington: A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.President ... [Published NDTV Profit - 2 hours ago]

Entities: Immigration, Workers, AFL-CIO

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Tech Mahindra Limited

Tech Mahindra shares jump 7% on Q4 earnings

Shares in Tech Mahindra rose as much as 6.8 per cent on Wednesday after its January-March quarter net profit rose 24 per cent, beating estimates.Tech Mahindra said its March-quarter consolidated net profit rose 24.4 per cent to Rs 377 crore. The results ... [Published NDTV Profit - 1 hour ago]

Entities: Tech Mahindra Limited, Stocks, Net Profit

First reported May 21 2013 - Updated 3 hours ago - 3 reports

Infosys Ltd

Phaneesh Murthy sacked, terms sexual harassment charges as 'extortion'

Phaneesh Murthy, who has been sacked as chief executive of iGate, says he will rigourously defend the charges of sexual harassment brought against him by a subordinate that led to his termination from the company. Mr Murthy is one of India's best-known ... [Published NDTV Profit - 14 hours ago]

Entities: Sexual Harassment, Extortion, Sexual Misconduct, Infosys Ltd

First reported 16 hours ago - Updated 5 hours ago - 1 reports

General Motors Company

General Motors to hike prices by up to Rs 10,000

New Delhi: General Motors India today said it will raise the prices of its entire range of vehicles by up to Rs 10,000 from the first week of June to offset the increase in logistic costs following the hike in diesel rates."With diesel prices going up ... [Published NDTV Profit - 16 hours ago]

Entities: General Motors Company, Diesel, New Delhi (India), India

First reported 11 hours ago - Updated 11 hours ago - 1 reports

Bombay Stock Exchange

Oracle Financial Services fixes floor price at Rs 2,275

New Delhi: IT firm Oracle Financial Services Software on Tuesday announced the floor price for sale of over 44 lakh shares worth about Rs 1,009 crore to meet minimum shareholding norms as mandated by market regulator Securities and Exchange Board of India ... [Published NDTV Profit - 11 hours ago]

Entities: Bombay Stock Exchange, Securities & Exchange Board of India, Stocks, Mauritius

First reported 12 hours ago - Updated 12 hours ago - 1 reports

Prestige Estates Q4 net makes over two-fold jump to Rs 89 crore

New Delhi: Real estate firm Prestige Estates Projects reported on Tuesday a more than two-fold jump in its standalone net profit at Rs 89.03 crore for the quarter ended March, 2013.The Bangalore-based firm had posted a net profit of Rs 38.28 crore in ... [Published NDTV Profit - 12 hours ago]

Entities: Net Profit, Fiscal Year, Prestige Estates Projects Limited

First reported 13 hours ago - Updated 13 hours ago - 1 reports

Wall Street little changed, Home Depot at record high

New York: Wall Street was little changed in early trading on Tuesday while investors eyed congressional testimony from Federal Reserve chairman Ben Bernanke on Wednesday.The housing market recovery helped Home Depot report higher quarterly sales and earnings, ... [Published NDTV Profit - 13 hours ago]

Entities: Home Depot Inc, Wall Street, Stocks

First reported 16 hours ago - Updated 15 hours ago - 1 reports

Omaxe's 50 lakh share sale via OFS route under-subscribed

New Delhi: Realty firm Omaxe Ltd's offer to sell 50 lakh equity shares worth about Rs 74 crore to promoters was under-subscribed as it received bids for only 67.97 per cent of the shares.Omaxe stock fell by 7.24 per cent on the Bombay Stock Exchange to ... [Published NDTV Profit - 16 hours ago]

Entities: Bombay Stock Exchange, Stocks, Bourse, New Delhi (India)

First reported May 20 2013 - Updated May 21 2013 - 2 reports

Gold prices may weaken to Rs 23500: analysts

Gold futures for May delivery declined for the seventh straight session in domestic markets. The May Futures contract on the MCX traded 1.6 per cent or Rs 408 lower at Rs 25,427 per 10 gram as of noon.Gold prices have come under tremendous selling pressure ... [Published NDTV Profit - May 20 2013]

Entities: Silver, Kishore Narne, Commodities, Roll Back

First reported May 20 2013 - Updated May 20 2013 - 3 reports

Sensex, Nifty snap 4-day rally; banks, pharma hit

The BSE Sensex snapped a four-day winning streak on Monday, retreating from 2-1/2-year highs as investors booked profits on rate-sensitive stocks such as ICICI Bank, while drugmakers fell were hit by worries about the country's new drug pricing polic ... [Published NDTV Profit - May 20 2013]

Entities: BSE Sensex, Dr Reddy's Laboratories Ltd, Cipla Ltd

Quotes

"We recognize the significant contributions Mr. Murthy has provided over the past ten years in helping to establish iGATE as a leader in the IT industry. He has worked hard to improve the value of iGATE, and we greatly appreciate his efforts" iGate said. (Read iGate's statement on Phaneesh Murthy)

iGate shares crash to 18-month low on Murthy's sacking [Published NDTV Profit - 11 mins ago]

But AFL-CIO President Richard Trumka called the changes "unambiguous attacks on American workers." He added, "American corporations could fire American workers in order to bring in H-1B visa holders at lower wages."

IT industry gets some relief as Senate panel passes Immigration Bill [Published NDTV Profit - 2 hours ago]

In a filing to the BombayBombay Stock Exchange, Oracle Financial said, "With reference to the earlier announcement dated May 20, 2013 regarding Offer for Sale of shares by promoter, Oracle Global (Mauritius) Ltd, promoter of Oracle Financial Services has now informed BSE that the floor price for the sale in terms of the Sebi Circulars shall be Rs 2,275."

Oracle Financial Services fixes floor price at Rs 2,275 [Published NDTV Profit - 11 hours ago]

"There's not strong enough evidence one way or another to change monetary policy" De Gan said, adding that with all the support the Fed has given to equities there are also "fundamental reasons" driving the market

Wall Street little changed, Home Depot at record high [Published NDTV Profit - 13 hours ago]

More Content

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iGate shares crash to 18-month low on Murthy's ... [Published NDTV Profit - 11 mins ago]
Tech Mahindra shares jump 7% on Q4 earnings [Published NDTV Profit - 1 hour ago]
IT industry gets some relief as Senate panel pa... [Published NDTV Profit - 2 hours ago]
Dow, S&P close at fresh all-time highs [Published NDTV Profit - 9 hours ago]
Oracle Financial Services fixes floor price at ... [Published NDTV Profit - 11 hours ago]
Prestige Estates Q4 net makes over two-fold jum... [Published NDTV Profit - 12 hours ago]
Wall Street little changed, Home Depot at recor... [Published NDTV Profit - 13 hours ago]
Phaneesh Murthy sacked, terms sexual harassment... [Published NDTV Profit - 14 hours ago]
General Motors to hike prices by up to Rs 10,000 [Published NDTV Profit - 16 hours ago]
Omaxe's 50 lakh share sale via OFS route under-... [Published NDTV Profit - 16 hours ago]
Why Phaneesh Murthy had to quit Infosys [Published NDTV Profit - 17 hours ago]
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