Infosys net profit rises 10.3 per cent in Q2 FY19

Revenues for fiscal second quarter of FY19 grew 17.3 per cent year-on-year to Rs20,609 crore while revenue in dollar terms increased 3.2 per cent over the previous quarter to $2,921 million

Visa, Mastercard, Amex let RBI's data localisation deadline pass

While 60 of the 75 payment service providers have complied with the RBI directive, companies like Mastercard, Visa and American Express, who still dominate the payment ecosystem, think RBI will adjust to their requirements

Falling rupee fails to dent India's widening trade deficit

Exports from the country in September declined 2.15 per cent in dollar terms while imports grew at a much faster rate of 10.45 per cent

Modi urges oil suppliers to review payment terms to ease rupee woes

India, which imports more than 80 per cent of its oil requirements, has been under pressure as crude oil prices have surged by 50 per cent in dollar terms and by 70 per cent in rupee terms in just one year, as the rupee continued to lose value

Pakistan seeks IMF bailout from CPEC debts

Pakistan's finance minister Asad Umar who met MF managing director Christine Lagarde at the IMF summit in Bali, said Pakistan’s current year debt repayments are about $9 billion and that Pakistan is ready to share details of CPEC debt with the IMF

First Train 18 to run on Delhi-Bhopal-Habibganj route in January

Habibganj will also usher in the public private partnership model for development of railway stations, with the Bansal Group and ISRDC partnering in the Rs450-crore project that will spent Rs100 crore on station redevelopment and Rs350 crore on commercial development



Investor immigration: many opportunities as nations vie for funds

Investment-based immigration has gained steam especially after the 2008 financial meltdown, as a host of countries has come up with attractive programmes to attract foreign funds, says Ajay Sharma, president of immigration and visa consultancy Abhinav Outsourcings

Green energy storage prospects: India, China and the US

The three markets with the biggest potential for renewable energy storage – the US, China and India – are following different paths based on local realities, with India lagging because of lack of a clear policy framework and other factors, say Rabeha Kamaluddin, Phil Steger, and Chad Richards - partner and associates respectively at Dorsey & Whitney LLP

A journey of self discovery

Sudha Ramnath talks to Swetha Amit about her book Flight or Fright, a suspense thriller, the idea for which was triggered by the mysterious disappearence of Malaysian Airline's flight MH370