Infosys' visa-related costs jump and other ET stories

THE ECONOMIC TIMES Sun, May 19, 2013 | 05:23 PM IST Daily Newsletter

Govt gets power to arrest service tax defaulters With the passage of Finance Bill 2013 last week, the Revenue department officials can now arrest a person for non-payment of collected service tax. RBI likely to cut policy rates at its June 17 meeting: Experts The Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.

Story of The Day Infosys' visa-related costs jump over 50% at Rs 308cr in FY'13 Difficult visa norms are adversely impacting the operating margins of the Indian IT players, who get close to 80% of their revenues from US, Europe. read more

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Market Watch 19 May | 05:23PM SENSEX 20286.12↑38.79 NIFTY 6187.30↑17.40 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 25843.00↓-41.00

Latest Updates Just Dial's Rs 950-crore IPO opens tomorrow The estimated Rs 950-crore IPO of local search engine Just Dial will begin tomorrow and is one of the largest IPO by an Indian Internet company. Stock mkts may see consolidation; SBI, L&T results Stock markets may witness some consolidation this week after key indices closed at fresh multi-year highs and corporate earnings from SBI. 'Improve economic model to forecast GDP' Concerned over widening difference between growth projections, actual realisations, Planning Commission has made a case for improving the economic model to project GDP. Apr M&A tally at $1.66 bln; rise in inbound deals: Thornton According to audit and advisory firm Grant Thornton, the total value of M&A deals in the month of April were valued at $1.66 billion. Pakistan may opt for Chinese navigation system Pak may become the fourth country to opt for China's Beidou navigation system, a rival to the Global Positioning System developed by the US. 'Toyota plans to increase lith-ion car battery output' Most of Toyota's hybrid vehicles use nickel-metal hydride batteries but the automaker is planning to make more cars with lithium-ion batteries.

Gainers Losers 19 May, 2013, 05:23PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low ABB Ltd. 660.15 21.01 624946 670.00 547.80 TCFC Finance Ltd. 16.80 20.00 1011 16.80 14.15 Remi Metals Gujarat Ltd. 3.06 20.00 1370 3.06 2.43 JHS Svendgaard Laboratories Ltd. 19.51 19.99 35201 19.51 17.00 AGC Networks Ltd. 90.80 19.95 25586 90.80 78.00

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