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Friday, October 17, 2014

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Hudhud aftermath: Vizag pharma sector suffers Rs 200 cr loss
The pharmaceutical industry, primarily located at Paravada, Pydi Bheemavaram, Achyuthapuram, Nakkapally and Chippada on the outskirts of Visakhapatnam, has faced the wrath of Cyclone Hudhud.

Jet Airways deploys wide body planes on local routes
Jet Airways has said it is deploying wide-bodied aircraft on domestic routes. This follows a shortage of pilots for its Boeing 737 fleet, which has resulted in flight delays through the past few days. “It is also working on a stepped-up training and transfer schedule of pilots from JetLite to Jet Airways, in line with DGCA (Directorate of Civil Aviation) guidelines,” the airline said.

After TCS, HCL Tech earnings also disappoint; stock slumps
Buffeted by fluctuations in global currencies against the US dollar, HCL Technologies on Friday reported a lower than expected 2.1% sequential growth in net profit to Rs 1,873 crore for the quarter ended September 30, 2014.

TCS steady, despite blips
Tata Consultancy Services (TCS), India's largest information technology services company, continued with its strong financial performance to post 13.6 per cent annual net profit growth in the July-September quarter.

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