US immigration bill big headwind for IT and other ET stories

THE ECONOMIC TIMES Mon, May 20, 2013 | 05:01 PM IST Daily Newsletter

Walmart, Tesco can open warehouses in states opposing FDI Walmart and Tesco can set up warehouses, cold storages and source products from SMEs in states which have not permitted FDI. Samsung launches Galaxy Grand Quattro in India for Rs 17,290 With a 4.7-inch display, the dual-SIM handset is powered by 1.2GHz quad-core processor, has Android 4.1.2 (Jelly Bean) OS and a 5 MP camera.

Story of The Day US immigration bill is a big headwind for IT sector: N Chandrasekaran, TCS While IT cos are scrambling to minimise the impact of proposed visa rules, analysts expect CTS & TCS to be the most affected. read more

Popular Stories Meet PM Manmohan Singh’s men who he trusts more than most politicians Ten famous market sayings & their relevance for India Brokerage views on why investors should subscribe to Just Dial IPO Mumbai-born software tycoon Vivek Ranadive buys US NBA team Sacramento Kings Just dial offers safety net to retail investors, co to buy back shares at IPO price if stock falls How Ram and Hanuman offer new way to look at appraisal system

Market Watch 20 May | 05:01PM SENSEX 20223.98↓-62.14 NIFTY 6156.90↓-30.40 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 25607.00↓-228.00

Latest Updates Biz model, strong fundamentals work for Just Dial: Crisil "Crisil Research has done the fundamental grading of Just Dial, and we have assigned the fundamental grade of 5/5, which suggested strong fundamentals," says Mohid Modi. Brokerages increase ITC’s target price post Q4 results Most foreign brokerages have maintained their ‘buy’ and ‘overweight’ ratings on ITC and increased their target prices on the stock post results. India, China ink 8 agreements on trade, water resources The agreements were signed after delegation-level talks between Prime Minister Manmohan Singh and his Chinese counterpart Li Keqiang. India CTC tea prices rise on higher demand; dust falls India's tea exports in the year ended March 31 rose about 3 percent from the previous year to 220.46 million kg as shipments to sanction-hit Iran rose after trade started in rupee. Yahoo-Tumblr: Can social media sites make money? The board of Yahoo, the faded Web pioneer, agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash. GE Capital plans to pay $11 billion in dividends to GE GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends and a further $4.5 billion in special dividends to parent General Electric Co in 2013.

Gainers Losers 20 May, 2013, 05:01PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Himadri Chemicals & Industries Ltd. 22.06 19.96 62647 22.06 18.60 Prozone Capital Shopping Centres Ltd. 28.85 19.96 47739 28.85 24.25 Voltamp Transformers Ltd. 499.75 19.87 65806 500.25 420.10 Tata Teleservices (Maharashtra) Ltd. 9.70 19.75 3602694 9.72 8.33 Avon Corporation Ltd. 0.98 19.51 125975 0.98 0.84

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