Infosys Q2 Net Up 24.3% - EPS Guidance Lowered To $2.97 - Deccan Chargers Sold To Mumbai Realty Co. - Hyderabad Court Issues Non-bailable Warrant Against Mallya - Sensex Down 129 Pts

Infosys Q2 Net Up 24.3% LEAD STORIES INFOSYS Q2 NET UP 24.3%; EPS GUIDANCE LOWERED TO $2.97   Infosys disappointed the street as it lowered EPS guidance to $2.97 & FY13 rev guidance to 5%. Its revenues rose 21% to Rs 9,858 cr. (SEE VIDEOS) read more SENSEX DOWN 129 PTS ON POOR INFY OUTLOOK   Markets fell on bleak outlook by Infosys & IIP growth dimming hopes of RBI rate cut. Sensex closed 18,675.18. Nifty down 32 pts at 5,676.05. read more DECCAN CHARGERS SOLD TO MUMBAI REALTY CO   Court-appointed arbitrator extends deadline for bank guarantee to October 17, even as DCHL sold Deccan Chargers to Kamla Landmarc. read more CHEQUE BOUNCE: NON-BAILABLE WARRANT AGAINST MALLYA   A Hyderabad court issued a non-bailable warrant against KFA and Vijay Mallya in a case filed by GMR on bouncing of more than Rs 10 cr KFA cheques. read more TOP STORIES • IIP grows 2.7% in Aug; shows signs of turnaround   • De-regulate sugar sector, says Rangarajan Committee   • Sept consumer price inflation falls to 9.73%   • India Inc asks RBI to cut interest rate   • After UK 'approval', U.S. says will evaluate Modi's visa   • Kejriwal arrested for anti-Khurshid protest   • 'Stung' Khurshid slaps defamation case on TV Today   • Kingfisher extends lockout till next weekend   • Infy's Bala steps down as CFO, Rajiv Bansal moves in   • UK fund TCI sues Coal India, directors for losses   • Withholding tax cut on rupee infra bonds likely: RBI   • HDFC Bank Q2 PAT up 30% at Rs 1,560 cr; NII up 27%   • RIL Q2: Analysts see PAT down 6% at Rs 5,365 cr   • Rupee drops by 13 paise to 52.81 on heavy $ demand   • Tata Steel to pay workers min bonus of Rs 18,000   • GSM operators lose 1.9 mn subscribers in Sept   • No dvpt fee to be paid at Chennai, Kolkata airports   • Employees quit 'bosses' not jobs: Assocham   • Larry Ellison eyes fellow billionaire's AEG empire   • EU wins Nobel Peace Prize for uniting continent   more stories TOP VIDEOS The Levy Quota Is Leading To Unnecessary Losses To The Millers; Our Advice To Govt Is Buy Sugar From Open Market For PDS: C Rangarajan, Chairman, PMEAC   INFOSYS BOARDROOM: We Have Had A Decent Quarter In A Very Tough Time; We Are Very Confident About The Future, We Are Investing: SD Shibulal, MD & Chairman, Infosys   AT A GLANCE BSE 18675.18 -129.57 NSE 5676.05 -32 TURNOVER Rs. 174,826 cr BSE CASH Rs. 2,647 cr NSE CASH Rs. 12,448 cr NSE F&O Rs. 144,234 cr BULLION GOLD 31331 +10 SILVER 61472 -306 CRUDE NYMEX 92.33 +0.26 BRENT 115.03 -0.68 FOREX $ / Re 52.805 +0.13 £ / Re 84.684 +0.21 € / Re 68.323 +0.25 EVENTS TO WATCH 15 October Petrol Dealers Threaten To Work For 8 Hours Q2 Earnings: RIL, Axis Bank 15-16 October FT-YES Bank: 2nd International Banking Summit, The Trident, Mumbai 22 October FM To Meet Sushil Modi, Chairman, Empowered Committee of State FM To Clear GST Passage 26 October Microsoft To Launch Windows 8
EXPERT VIEWS
"IIP numbers indicate there is some turnaround as far as manufacturing sector is concerned. I do expect in coming months the growth rate will further pick up and for the year as a whole we can still see manufacturing growth at 3-4%." C Rangarajan Chairman, PMEAC (On stepping down as Infosys CFO) "There's no right time or wrong time for doing all this. We have a tradition within the company where some of the leaders give way for youngsters but at the end of the day we are a very young company. The average age is around 24 - 25. There are aspirations for youngsters to come and play certain roles. When we find the talent we have to give space." V Balakrishnan CFO, Infosys (On Spain's reluctance to seek bailout)"If you are the leader of a country that has done everything that had to be done, and then the ECB, works on the secondary markets for you and lowers those yields and (yet) you are told that you have to go and ask for a (bailout) and you say, 'OK,' but then you're given very strong signals that if you go, you will be told, 'No.' How can you reconcile those two things?" Angel Gurria Secretary General, OECD
WATCH OUT
Indianomics with Bimal Jalan   The financial sector legislative reforms commission wants to merge SEBI, IRDA and PFRDA into one; clip RBI's powers over capital controls & debt management and give it stiff inflation targets. Bimal Jalan, former Governor and winner of CNBC-TV18's honor for lifetime contribution to the financial sector speaks on the recommendations to Indianomics. SHOW TIMINGS Sat 10:30 am & 10:30 pm Sun 11 am