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Hedging against dollar costs IT firms Rs 12 cr
While the rupee depreciation has been ringing cash registers of IT and software exporting companies in Gujarat, the industry has in all lost around Rs 10-12 crore in profits in last one month due to hedging. Having booked export orders at the Rs 47-48 against US dollar level for the month of May, IT firms in the state lost on the opportunity to earn better margins at the current Rs 56 against US dollar

As competition hots up, ice cream maker heads North

A company that has experienced stagnating profits over the past three quarters would have a few options before it to explore. One among those would be to try and figure out why it isn’t

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Ahmedabad Exchange plans revived

Gujarat's defunct equity bourse, the Ahmedabad Stock Exchange (ASE), is making another attempt at revival. The exchange plans to raise Rs 50-60 crore to meet the net worth criterion set by the

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Modi, Congress, slam CPI-M leader's boast of murdering opponents

New Delhi: Gujarat Chief Minister Narendra Modi and Congress Party spokesman Rashid Alvi on Sunday criticized the leadership of the Communist Party of India (Marxist) and the Central Government for

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Triumphant Modi reaches out to Gujarat diaspora

Gujarat Chief Minister Narendra Modi on Sunday addressed non-resident Indians, including Gujaratis settled in United States (U.S.) and Canada, via video conferencing and offered a glimpse of the

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Govt. not serious about endorsing an effective Lokpal Bill: Kiran Bedi

Former Indian Police Service (IPS) officer and Team Anna member Kiran Bedi has said the Central Government is not serious about endorsing an effective Lokpal Bill, since it would be like sounding

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