Business

The hiring of expat professionals in India is expected to decline by 15-20 per cent in 2013, after a rise of 18 per cent in 2012.

As on April 26, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.

The company had reported a net sales of Rs 5,465.26 crore in the January-March quarter of 2011-12.

Stocks of gold finance companies were also in demand after the recent recovery in precious metal prices, reducing default risks.

Under the new norms, the EPFO will not take action against employers who fail to deposit dues of unidentified workers into the PF accounts.

TCS said Net profit for the fiscal fourth quarter ended March 31 rose to Rs 35.97 billion from Rs 29.46 billion in the year-earlier period.

Meanwhile, the BSE benchmark Sensex rose by 171.38 points, or 0.93 per cent, to 18,529.18 in early trade on Tuesday.

The metal is now nearly $600 below a lifetime high around $1,920 an ounce hit in September 2011.

While Winston Churchill tops the list, Gandhi figures in the third position after Steve Jobs.

Sebi had summoned Roy and three other directors of two Sahara firms for personal appearance in an order dated March 26.

Chidambaram said he had visited major financial centres like Tokyo, Dubai and Hong Kong to attract overseas investments in India.

Meanwhile, the BSE benchmark index Sensex fell by 46.72 points, or 0.25 per cent, to 18,462.98 in early trade on Friday.

Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling.

The CERC has allowed Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant in Gujarat, until supply conditions improve.

Shares of drug companies Cipla, Dr Reddy's, Ranbaxy, Glenmark and Aurobindo Pharma were up between 2 to 5 per cent.

Novartis had sought to overturn a clause in Indian Patents Law that restricts patent protection for newer forms of existing molecules.