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Capgemini to acquire US-based outsourcer IGATE for $4 billion


New York, Apr 27: French IT services firm Capgemini today said it will acquire US-based outsourcer IGATE for USD 4 billion, a move that will help the former strengthen its foothold in the North American market. Under the merger agreement, Capgemini will acquire the Nasdaq-listed firm for a cash consideration of USD 48 per share and the transaction will amount ...

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Sensex rises 129 pts in early trade on positive Asian cues


Mumbai, Apr 27: The benchmark BSE Sensex gained over 129 points in early trade today on value-based buying by investors amid positive cues from other Asian markets. The 30-share index rose by 129.34 points, or 0.47 per cent, at 27,567.28 as buying in stocks of FMCG, power, auto, metal and infrastructure sectors, positively impacted the trading sentiments. Besides, the National ...

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Raghuram Rajan: ‘Careful’ management of demand vital for Make in India


Chandigarh, Apr 25: Reserve Bank Governor Raghuram Rajan today said for the success of Make in India domestic demand needs to be managed “carefully” and industry should be made competitive, while stating that economic security is a must for national security. ‘Make in India’ initiative could also be an answer to increase opportunities in and around agriculture, he added. Asserting ...

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Google quarterly profit edges up on revenue surge


New York, Apr 24: Google has said first-quarter profit edged higher from a year ago as the Internet giant reported a healthy rise in advertising revenues. Net profit rose four per cent from a year earlier to USD 3.59 billion, while revenue surged 12 per cent to USD 17.3 billion, led by gains from online advertising. Like other global firms, ...

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INR to USD forex rates today: Rupee down 11 paise against dollar in early trade


Mumbai, Apr 24: The rupee declined by 11 paise at fresh three-month low of 63.43 against the US dollar in early trade today at the Interbank Foreign Exchange on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market. Besides, a lower opening in the domestic equity market weighed on the local ...

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