Country’s second largest software services exporter, Infysos Technologies, on Tuesday announced a better-than- expected 14.5 per cent rise in profit in the October-December quarter.

Net profit rose to Rs 1641 crore, from Rs 1432 crore a year earlier. Income rose Rs 5786 crore versus Rs 5418 crore (corresponding year). Besides this, company’s earning per share was at Rs 28.63 as against Rs 21.47 a year ago. When compared to Rs 1,186 crore (Oct-Dec07), Infosys net profit grew 34.7% to Rs 1,598 crore (Oct-Dec08).

The big news doing the rounds is that British supermodel Kate Moss had
scolded her rocker dude Jamie Hince during their Thailand break for
chatting with a smart tourist.

As per the reports, both Kate
and Hince have been together for nearly 18 months now. In order to
spend their New Year together, the duo flew to Thailand.

It is believed that 34 year old Kate caught Jamie talking to an attractive American girl for a little too long!

Confirming
this development, a buddy close to Kate said, “He responded by pointing

After trading sluggishly for the whole day, the 30-share index BSE Sensex closed the day (January 12) with a huge loss of 296.42 points at 9110.05.

In contrast, the broad-based Nifty closed at 2773.10, down 99.90 points, after touching an intra-day low of 2748.55.

The Union Government is unlikely to take any action against the officers of oil PSU's who went on strike two days earlier. Their strike caused huge loss to national exchequer and crippled fuel supply across the nation.

The oil workers came back on work when Union Cabinet under the chairmanship of PM Dr. Manmohan Singh asked concerned ministry to deal them with heavy hand.

Petroleum Secretary, R S Pandey said, "Everyone has undergone a great deal of trauma, we have had a tough experience. I don't think you all should start finding fault. It is the time to look ahead to the future."

Mr. Pandey however said that no one should try to hold country to ransom.

The recently done survey by Federation of Indian Chambers of Commerce and Industry (FICCI) maintains that India Inc's business confidence is continuously shrinking and currently reported at 7-year low.

Tight monetary policy, liquidity crunch, slow demand and economic downturn adversely impacted confidence of business community.

TATA Group has approached Citigroup for assistance in getting funds for Jaguar and Land Rover acquisition from the British government. The company has requested British Government for about one billion pound funds to bail out JLR and secure the future of its employees.

TATA reported significant decline in Land Rover sales following low demand due to international financial crisis. The American bank Citigroup was also the advisor in the $2.3 billion JLR acquisition case.