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TCS posts robust net profit for quarter, fiscal

Mumbai, April 16: India’s largest software exporter, Tata Consultancy Services, (TCS) Wednesday reported a record net profit of Rs.5,297 crore for the fourth quarter (January-March) of 2013-14, registering 52 percent year-on-year (YoY) growth and 2.3 percent sequentially, as per Indian accounting standards.

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Syria raises gasoline price to ease subsidy burden

Damascus, April 16: Syria has raised the price of gasoline by 20 percent as part of government-guided austerity measures to cut costly subsidies, the fifth increase in three years.

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Order for release on interim bail unworkable: Subrata Roy to SC

New Delhi, April 16: Sahara Group chief Subrata Roy Wednesday told the Supreme Court that its order sending him to judicial custody and the conditions to secure his release on interim bail was “unworkable”.

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Complete drain de-silting work by May 15: Jung

New Delhi, April 16: Delhi Lieutenant Governor Najeeb Jung Wednesday instructed senior state officials and municipal commissioners to finish de-silting of drains by May 15 and buckle up before the monsoon sets in.

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Diesel under-recovery falls to Rs.5.49/litre

New Delhi, April 16: The under-recovery, or revenue loss, on diesel for the second fortnight effective April 16 has been pegged lower at Rs.5.49 per litre from Rs.5.93 during the first fortnight of the month, the petroleum ministry said Wednesday.

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TCS net up 38 percent for fiscal 2013-14

Mumbai, April 16: Indian IT bellwether Tata Consulting Services (TCS) posted a net profit of Rs.19,117 crore for fiscal 2013-14, registering a 38 percent year-on-year (YoY) growth as per Indian accounting standards.

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AAP alleges irregularity in awarding hydrocarbon fields

New Delhi, April 16: The Aam Aadmi Party (AAP) Wednesday alleged that the UPA government was going ahead on the award of hydrocarbon fields in the country’s western offshore to the Essar group despite no contract having been signed by the two parties, which can potentially cause a loss of Rs.52,000 crore to the national exchequer.

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NGO wants EC to stop JNPP agreement

Mumbai, April 16: An NGO has cried foul over attempts by the central and the Maharashtra governments to strike a deal regarding the Jaitapur Nuclear Power Project (JNPP) despite the model code of conduct being in force, an official said Wednesday.

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Rupee falls to 60.37 against dollar

Mumbai, April 16: The Indian rupee weakened to 60.37 against a dollar Wednesday, registering a decline for the third straight session, as profit-taking by foreign investors in the stock markets put pressure on the local currency.

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