16-April-09 News Headlines

Corporate News Headline
•Infosys reported Q4'09 results, total revenue rose 24% yoy to Rs. 56.35 bn, and net profit increased 29% yoy to Rs. 16.13 bn. (BS)
•Tech Mahindra has raised Rs. 8.75 bn from debt securities to help fund the acquisition of the beleaguered IT firm. (BS)
•L&T had signed an agreement with Russian company Atomstroy export for co-operation on nuclear power reactors. (BS)

Economic and Political Headline
•The Domestic air traffic declined by 12.22% in the first quarter of calendar year 2009, compared with the same period last year, and by 16.21% in March when compared with the same month last year. (BS)
•The US consumer price index fell 0.4% in March from a year before, and output at factories, mines, and utilities dropped 1.5% last month, when the share of industrial capacity in use slid to 69.3%. (Bloomberg)
•The Federal Reserve said the US contraction slowed across several of the biggest regional economies last month, with some industries "stabilizing at a low level." (Bloomberg)
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