Up in the Air

Last month, when the deputy chairperson of the Maharashtra Legislative Council, Vasant Davkhare, alleged large-scale corruption in the construction of skywalks, everyone was stunned. The government, as usual, assured an investigation into the charges.

Skywalks, or footpath overbridges, are ambitious projects of Mumbai Metropolitan Region Development Authority (MMRDA). Skywalks are an effort...

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  • Infosys Q1 net profit up 17.3%, sees 1.3% lower FY revenues
    Infosys Technologies Ltd, India's second largest software company, Friday reported a 17.3% higher first quarter net profit on 12.7% growth in revenues, and said it sees its full year revenues between Rs214.2 billion to Rs217.5 billion.

    For the quarter to end-March, the software company said its net profit rose to Rs15.3 billion from Rs13 billion while total revenues increased to...

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  • Marching Ahead

     

    Financial Technologies rose 31%, Jaiprakash rose 30%, Nava Bharat 24% and Wipro 20%

    Gainers: Financial Technologies has sold 5% stake in MCX Stock Exchange (MCX-SX) at Rs35 per share to IFCI for Rs250 crore in line with its strategy to bring down its holding below 51%. The stock shot up 31%. Jaipraksh Associates and Nava Bharat Ventures gained 30% and 24%, respectively. Wipro posted a 12%...

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