Finance

Infy CEO said environment remained challenging but there was no move by clients for lower prices.

A nervous India survived a scare before scraping through to a three-wicket victory against Sri Lanka in Dambulla.

Nexus India Capital, India's leading early stage fund on Wednesday announced the closure of Nexus India Capital II.

Unveiling 5 new colour printers in its 'Color in Office' series, Xerox claimed to offer colour printouts at a measly rate of Rs 2/print.

ArcelorMittal said it will acquire Brazilian iron ore miner London Mining Brasil for $810 million.

Sushil Kumar provided an unexpected boost to India's Olympic campaign by clinching bronze medal in 66 kg freestyle wrestling.

The government on Wednesday directed commodity exchanges to divest foreign equity exceeding the permitted ceiling of 49 per cent by June 30, 2009.

Taking cues from strong Asian markets, the Sensex opened firm and despite remaining agonisingly sideways for more than three hours, rallied smartly in late afternoon trade and signed off on a high note today.

The Indian government has decided to pay Rs 540 billion in cash subsidies to fertiliser companies and has cleared the first tranche amounting to 220 billion rupees, a news channel said on Wednesday.

Thanks to sustained buying in stocks cutting across various sectors, the market has moved up sharply in mid afternoon trade today.

The market remains high up in the positive territory as buying continues unabated in several large, medium and small cap stocks.

Stage is set for the entry of State Bank of India into general insurance as the country's largest lender is expected to finalise the terms for joint venture with Insurance Australia Group (IAG) by next month.

Citigroup Inc has no intention of selling its stake in India's Housing Development Finance Corp and is refining its strategic vision for the country, its Asia-Pacific head told the Mint paper.

State-run banks were seen selling dollars between 43.75 and 43.85 rupees per dollar earlier on Wednesday after the rupee fell to a 17-month low of 43.87, in action dealers said looked likely to have been intervention.

Three Indian bank unions representing some 600,000 workers are going on strike on Wednesday to protest consolidation of state-run banks, and said they will take further action if their concerns were not addressed.

Zaheer Khan wrecked Lankan top order with his fiery 4-wicket haul as India bundled out the hosts for a paltry 142 in 2nd ODI.