Flipkart set to get ED notice

Flipkart set to get ED notice on FEMA breach of Rs 1,400 crore The Enforcement Directorate, which is looking Flipkart for claimed breach of Foreign Exchange Management Act, is likely to deliver a show-cause notice claiming breach of Rs 1,400 crore, said a mature finance ministry official. In delayed 2012, the business & market ministry had informed the Lok Sabha that Flipkart On the internet Solutions, India's major e-commerce organization,...

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U. S Market Update

Futures trading for the Dow Jones Commercial Regular DJM4 increased 9 factors to 16,380, while those for the S&P 500 index added a point to 1,865.40. Futures trading for the Market 100 index increased 7.25 factors, or 0.2%, to 3,558.50, enhanced by Blockbuster online Inc. NFLX -0.47%  moving 7.8% before open after confirming consensus-beating first-quarter income on Thursday. The overall modest index goes came after a slightly high...

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Wipro Update

India's third biggest application solutions exporter Wipro 's IT solutions earnings met analysts' objectives and edge defeat prediction but the assistance for July quarter is modest. Net benefit of the company increased 10.5 % sequentially to Rs 2,226.5 crore on income of Rs 11,703.6 crore (3.3 % Q-o-Q) during the quarter. IT services income in rupee conditions improved 2.8 % Q-o-Q (up 24 % Y-o-Y) to Rs 10,619 crore and money income improved...

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Infosys Update

Infosys, India's second biggest software services exporter, beat the street by confirming 4th Quarter (January-March) net benefit at Rs 2,992 crore, up 4 % compared to previous Quarter in FY14. Experts had expected bottom line at Rs 2,835 crore for the Quarter. Year-on-year growth in net benefit was standing at 25 %. It also amazed with its money income development assistance of 7-9 % (growth of 5.6-7.6 % in rupee terms) for FY15 as against...

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