tag:blogger.com,1999:blog-79834045039179128912024-03-20T01:59:42.288+05:30Stock Latest TrendsNavdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.comBlogger585125tag:blogger.com,1999:blog-7983404503917912891.post-29181214432976597102011-10-18T11:42:00.000+05:302011-10-18T11:42:50.574+05:30Oberoi Realty results<div dir="ltr" style="text-align: left;" trbidi="on">Oberoi Realty reported a 17 per cent increase in its consolidated net profit to Rs 111.44 crore for the quarter ended September 30, 2011. The aggregation had acquaint a net accumulation of Rs 95.51 crore for the year-ago period. The Mumbai-based developer registered 45 per cent advance in circumscribed acquirement to Rs 256.88 crore in the additional division this fiscal, as adjoin Rs 177.11 crore in the agnate aeon of the 2010-11 fiscal, the aggregation said in a statement. For the bisected year concluded September 30, the company's circumscribed net accumulation added by 24 per cent to Rs 217.21 crore from Rs 175.30 crore in the year-ago period. Its circumscribed acquirement grew by 38 per cent to Rs 471.95 crore in the aboriginal bisected of this budgetary from Rs 342.90 crore in the agnate aeon of the 2010-11 fiscal.<br />
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</script> </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-29393817175646278652011-10-18T11:20:00.000+05:302011-10-18T11:20:40.182+05:30MindTree more than doubled its profits<div dir="ltr" style="text-align: left;" trbidi="on"> MindTree more than doubled its profits for the division concluded September 30, advertence its acknowledgment to advantageous advance afterwards one of its founders abdicate added than six months back. For the aboriginal time in its history, the aggregation clocked revenues of $ 100 actor in a individual quarter. <br />
Mindtree exhausted analyst expectations and appear a 58 % consecutive access in profits at Rs 54.5 cr. Revenues grew 10.5 % to 456.7 cr in rupee terms. In the antecedent quarter, Mindtree's revenues had developed by 5.6% sequentially to Rs 413.1 crore. <br />
The company, which added 15 new audience and 1,003 advisers in the quarter, is giving out an acting allotment of 25%.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-13852235347642219292011-10-18T11:04:00.000+05:302011-10-18T11:04:27.153+05:30Reliance Industries can suspend oil and gas drilling<div dir="ltr" style="text-align: left;" trbidi="on"> Reliance Industries can suspend oil and gas drilling pending an interior valuation of its exploration and production strategy, the Mint newspaper reported on Monday citing sources briefed by the corporate. India's Most worthy company by market capitalization, has seen its growth outlook and market price hit laborious this year by falling gas output from its huge gas fields off the east coast.Reliance can halt drilling for an unspecified time till the review is completed and submitted to the govt. Reliance posted its highest ever quarterly web profit in its Q2 results on Saturday, however analysts targeted on slowing gas output and said refining margins were still below expectations.Last month, India's upstream regulator said Reliance was manufacturing forty four mscmd (million customary cubic metres per day) from its main D6 block, under the sixty mscmd it had been manufacturing a year earlier and much off the planned peak capability of eighty mscmd.The CAG last month criticised Reliance and therefore the government over development of the gas field within the Krishna Godavari (KG) basin and mixed up revamping profit-sharing arrangements from oil and gas blocks.Earlier this year, Reliance sold a 30 % stake in twenty three oil and gas blocks, some within the KG basin, to BP in a very 7.2 billion deal.The British company, with deepwater exploration experience, has said it's assured of raising gas output from the sector from 2014.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-65771057443201092372011-10-18T10:44:00.000+05:302011-10-18T10:44:23.007+05:30Employees unions of Coal India today withdrew their proposed three-day Strike<div dir="ltr" style="text-align: left;" trbidi="on">Employees unions of Coal India today withdrew their proposed three-day strike after the management agreed to give higher bonus, along with Rs 1,000 as Diwali gift. CIL has reached an agreement with workers Unions to pay a higher -- Rs 20,000 bonus to each worker instead of earlier announced Rs 17,000, besides Rs 1,000 as Diwali gift.The unions were demanding for a minimum bonus of Rs 23,500 per employee.<br />
Coal India Chairman N C Jha said that higher bonus would result in Rs 144 crore additional burden on the company.The workers had gone on one-day strike on October 10, which resulted in production loss of around one million tonnes for CIL, causing it a revenue loss of about Rs 140 crore.<br />
CIL has missed its half yearly production target by around 20 million tonnes at a time when shortage of coal is causing problems in power generation in many parts of the country.The threat of strike had come amid grim power situation in the country, as many plants of India's largest power generator NTPC are running below capacity due to the paucity of coal -- the key raw material for generating electricity.<br />
Various states, including Delhi, Maharashtra, Karnataka and West Bengal, have seen power cuts for long hours in the past few days.At present, over 40 thermal power stations have coal stocks that is barely sufficient to meet the demand for about a week. As many as 29 projects have less than four days of coal reserves.<br />
</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-24590775623751786272011-10-18T10:35:00.002+05:302011-10-18T10:35:59.334+05:30HCL Tech Results<div dir="ltr" style="text-align: left;" trbidi="on">HCL Tech Results:-<br />
HCL Tech has reported a fall of 2.5% QoQ in consolidated net profit of Rs 497 crore for the quarter ended September 2011. The company had reported a net profit of Rs 510 crore in the previous quarter.<br />
EBITDA margin too declined at 17.1% in the first quarter FY12 as against 18.5% (QoQ).<br />
Revenues jumped 8.16% to Rs 4,651 crore from Rs 4,300 crore quarter-on-quarter.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-77744579476602778462011-10-18T10:18:00.000+05:302011-10-18T10:18:13.916+05:30Tata Consultancy Services Results<div dir="ltr" style="text-align: left;" trbidi="on"><strong>Tata Consultancy Services Results:-</strong><br />
Co. reported net profit at Rs 2,439 crore a lower-than-expected 15% year-on-year rise in second quarter due to continued uncertainty in global economy.Revenue for July-September quarter rose 25% from a year ago to Rs 11,634 crore.The debt crisis in Europe and the unemployment and economic uncertainties in the US are the Major worries for IT Co.s slowdown.TCS’ operating margin in the second quarter was up 89 basis points at 27%.TCS’ rival Infosys had last week reported a consolidated net profit of Rs 1,906 crore, up 10% year-on-year, slightly ahead of street expectations. Infosys revenue was up 17% at Rs 8,099 crore.TCS net added 12,580 employees in July-September and had 214,770 employees on September 30.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-63509582423451947902011-10-14T17:28:00.000+05:302011-10-14T17:28:20.029+05:30India's Tata Nano will go on sale in Bangladesh<div dir="ltr" style="text-align: left;" trbidi="on">India's Tata Nano will go on sale in Bangladesh but with a price will be nearly triple what it is at home.<br />
Nano will cost 599,000 taka ($7,900) and will be distributed by Nitol Motors <br />
That price compares with 141,000 Indian rupees ($2,870) for a basic Nano model in India. Analysts attributed the Nano's poor sales was of concerns due to lack of safety, lack of cheap financing and operational hiccups after production shifted to a new plant. Tata was forced to offer free safety upgrades after around half a dozen of the cars caught fire.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-5021468739787562252011-10-14T17:22:00.000+05:302011-10-14T17:22:00.214+05:30Maruti Suzuki India shut its main plant at Gurgaon for two days<div dir="ltr" style="text-align: left;" trbidi="on"> Due to component supply constraints from SPIL Maruti Suzuki India shut its main plant at Gurgaon for two days starting today , where workers are on a stir in support of the striking colleagues at the country's largest car-maker's Manesar plant. Maruti Suzuki has decided to suspend production at the Gurgaon plant on October 14 and October 15. Tensions ran high at Maruti Suzuki India's Manesar plant with about 1,500 police personnel entering the factory and asking the striking workers to vacate the premises as per the Punjab and Haryana High Court order. <br />
The workers, however, said they will not leave the factory unless forcibly evicted. <br />
Suzuki Powertrain India Employees Union and the rebel body of MSI's Manesar plant - Maruti Suzuki Employees Union also said that they will challenge the High Court order at the Supreme Court. Yesterday, the Punjab and Haryana High Court passed an order that there would be no sit-in strike within 100 meters of the premises of Maruti Suzuki's factory at Manesar. Workers at MSI's Manesar plant, SPIL and Suzuki Motorcycle India Pvt Ltd have been on strike since October 7 demanding reinstatement of about 1,200 casual workers at the carmaker's Manesar plant along with 44 other permanent workers. </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-31842730525444055722011-10-14T17:13:00.000+05:302011-10-14T17:13:45.480+05:30MRF has crossed Rs 10,000 crore turnover<div dir="ltr" style="text-align: left;" trbidi="on">MRF has crossed Rs 10,000 crore turnover in one year, becoming the first Indian tyre maker to achieve this mark, and announced plans to acquire plantations or companies abroad to neutralise the impact of high import duty on rubber. <br />
In 2007 MRF reported Rs 5,000 crore. Within Span of 4 years they acheived 10,000 Crore.<br />
MRF exports tyres to 65 nations. It has seven facilities in the country. </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-41169114019785063682011-10-14T17:06:00.000+05:302011-10-14T17:06:00.521+05:30Gateway Distriparks Q2F12 Results<div dir="ltr" style="text-align: left;" trbidi="on"><strong>Gateway Distriparks Q2F12 Results</strong><br />
The company's Q2 net profit was up 12.5% at Rs 22.5 crore versus Rs 20 crore, year-on-year, YoY.Its net sales were up 40% at Rs 59 crore versus Rs 42 crore, YoY.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-89107534541983576152011-10-14T16:54:00.001+05:302011-10-14T17:01:03.720+05:30India's food inflation at 9.32% as compared to 9.41% previous week<div dir="ltr" style="text-align: left;" trbidi="on">India's food price index rose 9.32% and the fuel price index climbed 15.10% in the year to October 1.<br />
In the previous week, annual food and fuel inflation stood at 9.41% and 14.69%, respectively.<br />
The primary articles index was up 10.60%, compared with an annual rise of 10.84% a week earlier.<br />
IIP expanded less than expected in August in further evidence of a slowdown in Asia's.<br />
Indian inflation in August accelerated to 9.78%, its highest in more than a year, from 9.22% in July.<br />
The RBI has raised interest rates a dozen times in the past 18 months inspite of slowdown and may consider again rate hike on 25th of this month</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-43566954877138822122011-10-14T16:49:00.000+05:302011-10-14T16:49:38.668+05:30Jaybharat Textiles and Real Estates. A P Paper & KSL & Industries Ltd Results Q2F12<div dir="ltr" style="text-align: left;" trbidi="on"><strong>Jaybharat Textiles and Real Estates Results Q2F12 :-</strong><br />
Net sales up 31% at Rs 201 cr vs Rs 153 cr ,PAT down 43% at Rs 2.3 cr vs Rs 4 cr ,Total expenditure up 35% at Rs 180 cr vs Rs 133 cr,EBITDA up 5% at Rs 21 cr vs Rs 20 cr ,EBITDA margin at 1.14% vs 2.41% <br />
<br />
<strong>A P Paper</strong><strong> Q2FY12</strong>Total Income up 11.5% at Rs 204 cr vs Rs 183 cr ,Net loss at Rs 92 cr vs net profit at Rs 12 cr ,Total expenditure up 26% at Rs 183 cr vs Rs 142 cr ,EBITDA down 49% at Rs 21 cr vs Rs 41 cr ,EBITDA margin at 10.3% vs 22.4% <br />
<br />
<strong>KSL & Industries</strong><strong> Q2FY12</strong>Net sales up 18% at Rs 390 cr vs Rs 332 cr,PAT up 12% at Rs 4.7 cr vs Rs 4.2 cr ,Total expenditure up 14% at Rs 320 cr vs Rs 281 cr ,EBITDA up 37% at Rs 70 cr vs Rs 51 cr ,EBITDA margin at 17.95% vs 15.36% </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-16286035639931730572011-10-14T16:46:00.000+05:302011-10-14T16:46:19.556+05:30Coal India Will offer 4 mt meant for E-auction in October to power companies<div dir="ltr" style="text-align: left;" trbidi="on">Coal India Will offer 4 mt meant for E-auction in October to power companies Diversion of E-auction quota will not have much impact said Coal India Chairman, Coal India is Currently producing 1.1 mt everyday E-auction quota stays intact for the entire year. He also said that Labour unrest in future donot take place and FY12 production stays at 452-454 mt.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-91736978628972623102011-10-14T09:48:00.000+05:302011-10-14T09:48:38.108+05:30S&P downgraded the long-term credit rating of Spain<div dir="ltr" style="text-align: left;" trbidi="on">S&P downgraded the long-term credit rating of Spain by one notch to AA- from AA with a negative outlook, due to weak growth, tightening fiscal conditions and high private sector debt.<br />
It added it expected continuing deterioration in financial system asset quality while the incomplete state of labour market reform will contribute to structurally high unemployment that will be drag on economic recovery</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-19257128378035484822011-10-14T09:45:00.000+05:302011-10-14T09:45:35.469+05:30Hyundai Eneters into small car segment Maruti Will Face The heat<div dir="ltr" style="text-align: left;" trbidi="on">Maruti Will feel the heat as Hyundai launched its entry level compact car Eon that has been developed specifically for the Indian market.<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_bx1D34qX42Doy5pqoJNbVjyAkOZP9lntTTXEUxVTYyTmGVFoKu6aDVOrKkh9X7bB0TAu9bvECJ8IbPzRd0N3-IXCyCzAb3E2U3W__ubKAAQ-TnxZtIqQOvPHieZFRzVvAvQL3nhiaIE/s1600/101.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="224" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_bx1D34qX42Doy5pqoJNbVjyAkOZP9lntTTXEUxVTYyTmGVFoKu6aDVOrKkh9X7bB0TAu9bvECJ8IbPzRd0N3-IXCyCzAb3E2U3W__ubKAAQ-TnxZtIqQOvPHieZFRzVvAvQL3nhiaIE/s320/101.jpg" width="320" /></a></div>The car has been priced aggressively between Rs 2.69 lakh and Rs 3.71 lakh . <br />
The company, which operates through wholly owned subsidiary Hyundai Motor India Ltd (HMIL), said the car has been designed and developed keeping Indian consumers in mind. <br />
The Eon, which will compete with Maruti Suzuki India's best selling model Alto, is powered by a 814 Cc petrol engine. Alto is priced between Rs 2.32 lakh and Rs 3.17 lakh and is the best selling car, averaging about 20,000 units a month. Price is only 40,000 Less then Eon but looking at the features of Eon then surely Eon looks best.<br />
HMIL has invested Rs 900 crore on the development and production facilities for the Eon. <br />
<span style="font-weight: bold;">Hyundai Eon features</span> for all variants are body color bumpers, body color door handles and body colored OSVRMs (outside rear view mirrors), multi trip meter, remote fuel gaze opener, remote boot lease opener, adjustable steering column, seat belts for all seats and so forth. But, Power steering, all four power windows, central locking, front fog lamps, designer wheel covers, rear spoiler, even a music system etc. will be offered only in the top-end variant as standard. All these innovative features of the car are much more to prove it good comfortable entry level small car.<br />
<br />
<span style="font-weight: bold;">Hyundai Eon</span> dimensions are also superb and the new beast has good space. In it four to five passengers can sit easily. Its length is 3495mm, width is 1550 mm, Height is 1500 mm and wheelbase of the small car is 1380 mm. Hyundai Eon boot space is 215 litres while kerb weight of the new small car is between 715 to 795 kgs.<br />
<br />
Currently, Hyundai Motors India Limited is offering this new small car only in <span style="color: black;">petrol engine</span> model while an LPG variant is also expected by the end of this year. Hyundai Eon comes equipped by a 814cc, three cylinder petrol engine that makes out maximum power of 56ps at 5500 rpm and belts out peak torque of 7.65 Kgm at 4000 rpm. The engine of new Hyundai small car is mated with a 5 speed manual gearbox while an automatic version is also expected by end of this year which will be a surprise for the Hyundai Eon lovers. <span style="font-weight: bold;">Hyundai Eon mileage</span> is 21 kmpl which is impressive.<br />
</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-3872951671029953662011-10-14T09:27:00.001+05:302011-10-14T09:28:29.598+05:30Lilliput Kidswear IPO Distrupted<div dir="ltr" style="text-align: left;" trbidi="on">Lilliput Kidswear has gone to police said that anonymous callers try to defame and has written to banks to mention the IPO was sabotaged. Lilliput has filed a police criticism against unknown callers saying that they need created a shot to defame the corporate. The numbers of those callers are identified and also the police are trying into the matter. The company in its letters to its bankers has said that this whole exercise by the PE investors is in an exceedingly approach a shot to sabotage the IPO. Private equity investors Bain Capital and TPG had pulled out of the corporate at the side of the auditors. that they had done this on the premise of calls, that that they had received from unknown persons.<br />
Furthermore, Lilliput has gone onto say that it's stunning that simply on the premise of unknown calls such a giant call are taken by the investors and also the auditors. Lilliput has conjointly said that the corporate is shocked that these allegations were accepted, particularly by Bain Capital considering that it absolutely was a lively partner which it absolutely was an everyday visitor to its offices. In it’s letter to the bankers, it's sought support from them, so the worth of the corporate isn't reduced. it's clearly alleged that it’s a shot to sabotage their IPO. Meanwhile, Bain Capital and TPG, refused to treat the allegations as they assert the matter is currently before the High Court. However, these 2 players don't comply with a number of the statements created by Lilliput and said they arrange on responding in due course.</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-91195965706186690492011-10-13T16:17:00.000+05:302011-10-13T16:17:23.297+05:30Kajaria Ceramics Q2 Results<div dir="ltr" style="text-align: left;" trbidi="on"><span style="color: #036d8a; font: 15px arial;"> <span style="color: black;">Kajaria Ceramics Q2 standalone net profit was up 46% at Rs 19 crore versus Rs 13 crore, year-on-year, YoY.</span><br />
<span style="color: black;">Its standalone net sales were up 42% at Rs 316 crore versus Rs 222 crore, YoY.</span></span></div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-22468199113664240492011-10-13T15:57:00.002+05:302011-10-13T15:57:19.020+05:30Zenith Infotech defaults on $ 33 m FCCB payment<div dir="ltr" style="text-align: left;" trbidi="on"><span style="color: #036d8a; font: 15px arial;">Zenith Infotech defaults on $ 33 m FCCB payment,FCCB Holders were payable on Sep 21. Bondholders may take Co. to court on default</span> </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-28637608394908025652011-10-13T15:55:00.000+05:302011-10-13T15:55:49.626+05:30Utkal Coal get approval for coal mining<div dir="ltr" style="text-align: left;" trbidi="on">The Ministry of Environment & Forests has granted final approval for diversion of 149 ha. forest land in Utkal-C Coal Block in Raijharan, Nandichor, Similisahi and Golagadia under Angul District, Odisha for coal mining in favour of Indian Metals & Ferro Alloys' subsidiary Utkal Coal. </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-77558688662824479782011-10-13T15:51:00.000+05:302011-10-13T15:51:30.027+05:30Results Today VST Industries & Praj Industries<div dir="ltr" style="text-align: left;" trbidi="on">VST Industries reported net profit of Rs 33.59 crore for quarter ended September 2011 as compared to Rs 24.01 crore in the same period a year ago. Total income was at Rs 164.76 crore as against Rs 160.40 crore. <br />
<br />
Praj Industries reported net profit of Rs 20.53 crore for quarter ended September 2011 as against Rs 8.90 crore in the same quarter a year ago. Total income rose to Rs 228.90 crore as compared to Rs 108.77 crore in the corresponding quarter last fiscal. </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-69670824248590617022011-10-13T15:48:00.000+05:302011-10-13T15:48:36.784+05:30DCB Bank Results<div dir="ltr" style="text-align: left;" trbidi="on"><span style="color: #036d8a; font: 15px arial;">DCB Q2 profit was more than doubled to Rs 13.32 crore versus Rs 4.8 crore (YoY); margins jumped and NPAs reduced.</span></div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-42848107042425238412011-10-07T15:24:00.000+05:302011-10-07T15:24:00.966+05:30Moody’s Investors Service Downgarded 12 UK financial institutions<div dir="ltr" style="text-align: left;" trbidi="on">Moody’s Investors Service today downgraded the senior debt and deposit ratings of 12 UK financial institutions. The rating actions include a one-notch downgrade of Lloyds TSB Bank plc (to A1 from Aa3), RBS (to A2 from Aa3), Santander UK plc (to A1 from Aa3), Co-Operative Bank plc (to A3 from A2), a two-notch downgrade of RBS plc (to A2 from Aa3) and Nationwide Building Society (to A2 from Aa3); and downgrades of one to five notches of 7 smaller building societies. The ratings of Clydesdale Bank were confirmed at A2 (negative outlook). </div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-38502990043597719962011-10-07T15:18:00.001+05:302011-10-07T15:18:52.162+05:30L&T may again take fresh talks to sell its IT business<div dir="ltr" style="text-align: left;" trbidi="on">L&T may again take fresh talks to sell its IT business L&T Infotech and Fujitsu may be the frontrunner to bag the stake,Fujitsu is likely to be front runner while Capgemini too has shown interest in L&T Infotech. Both the players are believed to have entered due diligence stageHowever, both the companies have declined to comment calling it a mere market speculation. As per the deal, the buyer will get an eight-year IT outsourcing contract from L&T</div>Navdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0tag:blogger.com,1999:blog-7983404503917912891.post-26739256970784253012011-10-07T15:14:00.001+05:302011-10-07T15:14:42.740+05:30Tata Motors launched its Manza sedan and Prima range of premium commercial vehicles in South AfricaNavdeephttp://www.blogger.com/profile/05782421263432071627noreply@blogger.com0