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Infosys reported USD revenue growth of 5.9%QoQ led by volume growth of 3.1%QoQ. It was tad disappointing because of lower volume growth (guidance for Q3 was 3.5-
4.5%QoQ, which was purely volume led) and hence lower EPS, and also due to muted outlook for Q4. We expect a strong revenue growth in FY12E, which is echoed by the management's broad outlook of 18-20%YoY USD revenue growth for FY12 at this point of time.

Muted Q3FY11 as compared to Q2FY11 - We expected this quarter to be slightly muted as compared to Q2FY11. Infosys revenues grew 2.3%QoQ to Rs71,060mn (PINCe Rs71,377mn). EBIT margins were flat at 30.2% despite rupee appreciation; margins were supported by higher realizations and offshoring. Pricing grew 1.6%QoQ. It raised its USD revenue guidance to

Goods trade deficit of Britain strike a new high during November, dejecting expectations that a rebalancing of the economy in favor of manufacturing and exports usually has start on to have basic effects.

During the previous three years, the worth of the pound has dwindled by approximately 20 per cent in opposition to a variety of international currencies, offering an enhancement for most of the businesses, however the official statistics disclosed yesterday that imports are moving on to mount more rapidly than exports, especially from nations exterior to the European Union - and particularly from China.

The Bank of England is anticipated to oppose stress to trek interest rates in spite of fears over rolling commodity prices and inflation.

Policymakers are improbable to lift the Bank's base rate, is at an unprecedented low of 0.5%, for terror of putting at risk the weak economic revival.

Though, a few economists sense the Bank will have to take steps almost immediately so as to handle inflation, which strike 3.3% as gauged by the consumer price index (CPI) during November, ignited by the mounting cost of food, clothes and oil.

Ratan Tata recently lashed on the way Supreme Court has handled the case of his leaked conversation tapes with Niira Radia. He criticized the government on its "lackadaisical attitude" over the case.

IndiGo airlines has gone in for a record deal with the airliner company Airbus early in the New Year as it decided to acquire 180 Airbus aircraft of the 320-neo series.

India's leading low cost carrier made this mind blowing deal with Airbus. This deal will be going down as the biggest in the Aviation sector and has taken everybody by surprise.

The delivery of the jets will be done in a span of 9 years from 2016 to 2025. IndiGo will now be the largest customer for the A320-neo jets.

The banks have now interfered into the 2G scam, and have commented that the CBI should go on and do proper investigation of the scam and give a proper estimate of the loss incurred to the government as it will be causing disturbances in their functionality if not properly investigated.

The lobby of the bankers, Indian Banks' Association, headed by State Bank of India Chairman Om Prakash Bhatt seeks the intermediation of RBI in the case and inquiry. The banks have warned that any loose ends in the probe will hurt the economic growth as the banks will run away from funding any big projects.