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 India Inc is likely to post 15-20 per cent growth in net profit in the third quarter, thanks to a low base year and a promising show from automobiles, capital goods, construction, metals, pharmaceuticals and sugar companies. The telecom sector, for the first time after several quarters of strong performance, is expected to show decline in net profit on the back of decline in revenue per phone. - Taking off - Nitish invites India Inc to invest in Bihar - Banks to pitch for liquidity in pre-policy meet - Industry favours early implementation of GST - India Inc seeks stimulus continuation, tax cuts - Optimism level among businesses bounce back: Grant Thornton Refineries are also expected to post a decline in net profit on account of fall in gross refinery margins. However, oil marketing companies are expected to report losses due to lower refining margins and no contribution from oil bonds.
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Zylog Systems India Limited, a software solutions and service provider, has launched its Voice over Internet Protocol (VoIP) services "Wi5 Mega Talk" in Ahmedabad. The service will be available in all leading cities of the state.Customers can now experience a clear, undistorted communication with no lag or echo via a high-speed Internet connection at an extremely affordable cost. - Zylog to invest Rs 210 cr on Wi-Fi; aims Rs 550 cr revenue - Shuchi Bansal: MyWay or the highway">Shuchi Bansal: MyWay or the highway - Global Outlook eyes Rs 25cr from India - Assembly lion - Mumbai police seeks FBI"s help on VoIP proof in 26/11 VoIP allows customers to enjoy unlimited international phone calls at reduced calling costs. VOIP services were traditionally available only between PC to PC calls. But with ‘Wi5 Mega talk’ an Analog Telephone Adapter (ATA) will be connected to existing high speed internet connection and telephone. The person one calls just needs a phone. 
It was a classic case of the davids of the world outpacing the goliaths. While the Sensex touched a 22-month high of 17338 in the earlier part of the week, only to turn sideways, the broader indices were the outperformers of the week. The mid-cap sector appreciated by 3.4% and the BSE small-cap space gained 4%. - Mid-cap, small-cap indices ourperform Sensex - Sensex slips 75pts amid lacklustre trade - Sensex ends down 75 pts - Markets extend losses - Markets remain sideways - Another lacklustre day The Sensex traded in a narrow range of 320 points between 17790 and 17338 before closing up 75 points or 0.43% at 17540 and the Nifty ended up 0.84% at 5245, led by strength in the metals, consumer durables and energy stocks pack.
We are in danger of losing an entire generation of artists. - Jamal Mecklai: Sufferin' art">Jamal Mecklai: Sufferin' art - Buzz and business - The hidden cost that hurts - Husainama - Local contexts, global buyers - Saffronart online art auction begins on June 10 This column had previously made the case that among the casualties of global recession was the plummeting price of contemporary Indian art that fell 60 to 70 per cent. It is now being pointed out by industry analysts that even that estimate might have been too generous, and that values might have fallen by as much as 80 per cent. But an even greater toll might be the possible disappearance of an entire generation of contemporary artists. The pointers are certainly in place for some of the biggest names in that space, and the cause is not a lack of talent — far from it — but an unexplained rise in their prices.