http://latest-india-news.blogspot.com – Business news broadcaster Television Eighteen India Ltd said fourth quarter net profit fell 37.5% to Rs12.5 crore, from the year-ago period, on continued investments in Web and newswires businesses.
Consolidated revenue for the quarter ended 31 March grew 64% to Rs132 crore with the firm’s three business divisions showing top-line growth. While business news and Web18 grew 53% and 112% year-on-year respectively, Newswire18, the firm’s wire service and news terminal business, grew 26% quarter on quarter. However, only the business news division turned in a profit. Read more »

http://latest-india-news.blogspot.com – Leave alone the adverse effects of economic slowdown, the Indian IT industry is fearing that fattening pay packets for employees could cut down their profit margins. Country's two largest software exporters, Infosys Technologies and Wipro Technologies, anticipate wage pressures might not only slash their margins but also prevent them from maintaining their competitive advantage. Read more »