Beating expectations of the market, India’s second largest IT exporter Infosys reported robust numbers for the second quarter ended September 30, 2015.

Fuelled by strong client spending and large deal wins, the company clocked a net profit of Rs.3,398 crore, registering a growth of 9.8 per cent when compared with the same period a year-ago.

Following close on the heels of Infosys revealing a top quarter, IT major Tata Consultancy Services (TCS) is all set to announce its second quarter (Q2) earnings Tuesday evening. While Infosys did very well (http://fexp.in/IBh197190 ), market experts see around 9 per cent quarter-on-quarter (qoq) growth in TCS net profit figures for the quarter ended September 30, 2015.

For the first quarter ended June 30, 2015, TCS posted a consolidated net profit of Rs 5,484.12 crore, up 53.10 per cent, against Rs 3,712.67 crore in the sequential quarter ended March 2015. Gross sales of the company jumped 5.98 per cent quarter on quarter (qoq) to Rs 25,668.11 crore.

The sensational launch of Renault Kwid in India, priced at a starting Rs 2.57 lakh, and the eye-balls it has grabbed thereafter for its looks and other top features on offer, has forced rival automakers to offer discounts to make sure they stand their ground and maintain their market share.

India’s largest automaker, Maruti Suzuki has priced-in a large discount in its small car Alto 800 (discount range stretches up to Rs 35,000) and Hyundai is offering cut-price deals on Eon (discounts of up to Rs 37,000).

Indian community groups in the UK have launched a ‘Modi Express’ bus for a month-long tour around iconic landmarks here to mark Prime Minister Narendra Modi’s maiden visit to the country next month.

The bus, which was launched on Sunday, made its first stop at Ealing Road, Wembley also known as ‘Little India’, followed by Trafalgar Square to celebrate Diwali.

NEW DELHI: DLF Ltd could be looking at a new business model where it will build and complete residential projects before selling apartments in them once the deal by its promoters to sell 40% stake in the company's rental arm for Rs 12,000-14,000 crore goes through, two people with knowledge of plans said.

DLF had said last week that the promoters would reinvest a substantial amount of money from selling their stake in DLF Cyber City Developers (DCCDL) back into the company after paying tax and other charges.

NEW DELHI: The government will examine whether Reliance Industries deliberately extracted gas from the neighbouring block of the Oil and Natural Gas Corp in the KG basin after it receives the final report on the dispute from an international consultant in about three weeks.

Officials said the issue was complex and the oil ministry will consider various points raised by Reliance and ONGC as well as the report of consultancy DeGolyer and Mac-Naughton (D&M), appointed to assess ONGC's allegation that RIL stole the state firm's gas, to find a way to resolve the dispute.

Kotak Mahindra Bank has said that its mobile based transactions has increased by 300 per cent to Rs 1,700 crore in September 2015 compared to same period last year.

The Bank is strengthening its digital infrastructure to keep the momentum, said a senior official.

TVS Motor today launched the launch of its Special Gold Edition 2015 TVS StaR City+ motorcycle. The launch coincides with the completion of one year of successful TVS StaR City+.

The variant will come with several additional new elements that enhance the superiority of the motorcycle including first-time introduction of white and gold colour combination which complements the motorcycle's modern styling, 110cc engine performance and other, said the company.

Sebi will soon allow the companies to file ten-page abridged prospectus for initial public offers (IPO) as part of its efforts to help disseminate information in a more investor-friendly manner.

The abridged document would have only 10 pages without compromising on information that an investor is required to know, Sebi’s Executive Director (Corporation Finance Department) P K Nagpal said.

Private explorer Reliance Industries Ltd (RIL) extracted at least 9 billion cubic metres (BCM) of gas from government-owned explorer ONGC’s block in the Krishna Godavari (KG) basin block off the Andhra Pradesh coast, according to a draft report submitted by US-based international consultant DeGolyer and MacNaughton (D&M).

This means, at an average gas price of $4.2/mBtu and exchange rate of Rs 60 against a dollar, RIL drilled gas costing Rs Rs 8000-9000 crore that belonged to ONGC, say two analysts.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.