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Infosys posts robust numbers for Q4 2008-2009

India’s No 2 IT biggie Infosys Technologies  posted a better than expected Q4 results for 2008-2009. The IT major rleased its Q4 results ahead of the market today morning giving fresh hope to investors. This quarter is expected to be tough for most of the IT companies as the global scenario reached its bottom in last few months.

Infosys reported a 29% growth over Q4 of 2007-2008 and a 5% drop in profits compared with Q3 of 2008-2009. It has reported Q4 net as Rs 5635 crores (1.127  billion dollars). Also Infosys gave a very moderate outlook for Q1 of 2009-2010 financial year.

 

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TATA Nano booking not upto expected levels

TATA Motors is trying hard to make sure it doesn’t disappoint its shareholders, with an almost  Rs 1,00,000 booking amount for its People’s Car TATA Nano they haven’t got as many bookings as they would have expected. Now TATA Motors is giving more options in terms of loans and also advising its financial arm to not to be too strict on loans.

Also one more factor which has prevented bulk booking of the Nano is PAN card, TATA Motors has announced that Nano will be limited to one car per PAN number. And PAN card is mandatory while taking delivery of TATA Nano. Many of the brokers who usually buy newly launched cars in bulk are also cautious about the delivery time which could make their money locked with TATA Motors for upto an year without any interest.

But many interested customers might also be waiting till the last minute for booking the Nano, so lets wait and see how many booking forms are converted to orders.