Business
Are Indian IT Shares Overpriced?
Indian IT companies have been working nearly nonstop for a decade, turning India’s cost advantages and technical expertise into booming revenue and profit growth. Although their stock prices collapsed during the downturn, they’ve zoomed higher with the recovery in developed markets. Since their 2008 troughs, the stocks are up by as much as 300%. Major [...]
Results-Corporate Sector
Shalibhadra Finance net profit declines 12.82% in the December 2008
quarter
Brijlaxmi Leasing & Finance reports net loss of Rs 0.02 crore in the
December 2008 quarter
Jainco Projects India reports nil net profit or loss in the December 2008
quarter
Gandhimathi Appliances net profit rises 236.18% in the December 2008
quarter
Sungold Capital net profit declines 45.45% in the December 2008 quarter
Sterlite Industries Bought US Based Asarco LIc
Sterlite Industries Ltd has agreed to buy the entire operating assets of the US-based copper mining company Asarco Llc for $2.6 billion (around Rs 11,050 crore) in cash.
Sterlite emerged as the highest bidder in a court-approved auction; other bidders included Grupo Mexico which owned Asarco before the latter became bankrupt.
With Asarco acquisition, Sterlite Industries will [...]
The Advantages of Having Offshore Account
There are many advantages of having an offshore accounts. The obvious one is tax minimization - doing business where tax is legally not payable. Another is privacy. Most offshore locations have laws in place guaranteeing your financial privacy.
Another advantage of an offshore bank account is the access it provides to profitable offshore funds.
Another advantage of [...]
Virtual Office Services - Cost Effective for Small Businesses
When we talk about making money, every penny saved is every penny earned proves to be true. In business, it’s very important that you save on the extra cost to the business and increase the profit margins. Few major heads in the cost of business are the office spaces, employee salaries, furniture etc and unfortunately [...]
