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GLOBAL BUSINESS10
Inside story
Farmers Death: AAP Begins
Damage Control with AK Apology
Two days after being at the receiving end of severe criticism for the death of Rajasthan farmer
Gajendra Singh during a rally, AAP began damage control exercise with a change in tone with
an unconditional apology by Arvind Kejriwal.
Pure Politics2
llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Poor performance across verticals takes toll in Q4; muted growth seen in FY16; co issues 1:1 bonus
Under Pressure
Anirban.Sen@timesgroup.com
Q4 15
Growth Growth
(Jan-Mar qtr) Q-o-Q Y-o-Y
Revenue
LAST
Nifty
Sensex
% CHANGE
8,305.25
-1.11
27,437.94
-1.07
BSE Midcap
10,435.64
-1.62
BSE Smallcap
11,008.62
-2.66
63.56
-0.38
Gold Std*
27,150.00
0.93
Silver (`/kg)
37,000.00
1.37
63.45
1.33
Re/US $
Brent ($)
*(`/10gm)
Advent-Temasek
Bags CG Biz for `. 2kcr
A consortium of PE
investors led by Advent
International along with
Temasek has scooped up the consumer business of Crompton Greaves
from Gautam Thapar and his family,
promoters of the diversified Avantha
Group, for `. 2,000 crore, report
Arijit Barman & Arun Kumar.4
ET MAGAZINE
ON SUNDAY
13,411
-2.8
4.2
-4.7
3.5
ATTRITION
Announces a 1:1
share & ADS bonus
INVESTMENT
DIVIDEND
ACQUISITION
Invests $2 m in air Agrees to buy San Francisquality monitoring co-based digital commerce
startup Airviz
rm Kallidus for $120 m
Smart
mar
artt
Money
M
on
ney
FOR
F
M&A war
chest to bring
in $1.5 billion
revenue
Revenue per
employee to rise
from $52,000
to $80,000
Poor Infy numbers, MAT worries & earnings concerns spook D-St
Mumbai: Indian markets
slumped to their lowest in
nearly
three-and-a-half
months on Friday, dragged
down by Infosys after the software services exporter reported lower-than-expected
March quarter earnings. Persistent selling by foreign institutional investors (FIIs) amid
muted corporate results also
hurt investor sentiment.
The BSE Sensex dropped
1.07% to close at 27,437.94
points, below the crucial support level of 28,000. The NSE
Nifty declined 1.11% to end at
8,305.25 points.
We have to expect corrections periodically, and if we
are going to believe that markets will go up one way thats a
mistake, said S Naren, chief
investment officer at ICICI
Prudential AMC. I would say
that the current correction is
a healthy correction.
Infosys has
agreed to buy
Kallidus Inc, a
US-based digital and
mobile commerce
solutions provider, for
about $120 million in its
second significant acquisition in the past three
months. The acquisition
price includes a deferred
component and retention
bonuses, Indias secondlargest software company said on Friday.5
Index 2015-YTD
(% Gains)
India
Nifty
USA
0.2
UK
FTSE
Brazil
iBovespa
7.9
11.4
Dax
20.1
France
CAC 40
21.6
Russia
RTSI$
32.7
China
RELATED REPORT7
STRONG SIGNAL
CBDT directive
sends strong
signal to
officials to not raise MAT
on FIIs coming via
countries with which India
has a double taxation
avoidance treaty
Our Bureau
Dont Abandon
DTC: Panel to Govt
A parliamentary panel
has asked the Centre to
not abandon the Direct
Taxes Code saying this new law
needs to be enacted to replace
the Income-Tax Act, which was
very cumbersome and prone to
avoidable litigation.11
LEI JUN
Moves
Retirees
R
ti
employees
Deepshikha.Sikarwar
@timesgroup.com
ET WEALTH
ON MONDAY
Co to
have
around
250,000
Infy Buys
US Tech Co
for $120 m
AMOUNT IN ` CRORE
Our Bureau
Market Tracker
ON Saturday
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We want to become an
Indian company. So, we
want to build an R&D
team, manufacture
phones, set up data
centre in India & invest
in ecosystem cos
E-Spies
Each data point of Net users lives are
collected by companies & tech startups
COMMONLY
COLLECTED INFO
IP address
Evelyn Fok
& Krithika Krishnamurthy
Browser type
community Datameet.
Thejesh represents a growing population of Internet
users who are becoming
aware of the risks that come
with their online habits - specifically, having each data
point of their everyday lives
collected by companies and
tech startups. This includes
an individuals IP address,
browser type, pages viewed,
and the date and time of use.
On mobile, the data collected
could be more elaborate and
accurate including a users
A Cartful of Woes
44%
YES
52%
NO
4%
498 500
325
128 123
206 206
CANT SAY
TODAYS QUESTION
March 2015
616
290
718
March 2014
*Does not include around 140 Nilgiris stores acquired last year
SOURCE: Companies