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Popular Articles

Markets up on GDP numbers, easing Dubai debt concerns
The stock markets rose sharply on Monday on the back of strong gross domestic product (GDP) numbers and firm global cues. The Sensex closed at 16,926, higher by 294 points, and the Nifty re-gained the 5,000 mark to close at 5,026, up 84 points, on a steady day of trade. The Sensex had surpassed the 17,000 mark (17,096) in intra-day trades.

VE Commercial Vehicles' October sales up 65%
Auto maker VE Commercial Vehicles today reported 65.11 per cent growth in its total sales of Eicher trucks and buses in October at 2,257 units.

News of the day

J&K Bank Q3 net up 16% to Rs 140 cr
Jammu & Kashmir Bank today reported growth of 16 per cent in its net profit at Rs 139.99 crore for the quarter ended December 31, 2009, over the same period last year.
Public Company

KPIT Cummins buys Sparta for Rs 180 cr

Despite lower revenue projections this financial year, Pune-based manufacturing solutions provider KPIT Cummins Infosystems has entered into a definitive merger agreement to acquire US-based SAP specialist Sparta Consultant for Rs 180 crore. - IT firms heave a sigh of relief as US recovers - Aditi sharpens focus on services; to double headcount - KPIT Cummins inks merger deal with Sparta Consulting - Online sports retailer to dilute 25% equity - Hexaware Q3 net profit at Rs 41cr - HCL Info partners BSNL, Intel for WiMax-enabled devices The merger of Sparta with KPIT Cummins Infosystems would materialise in about two months while the all-cash-payment would happen over next three years.


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