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Tech to ride on Volume growth

The last one year’s efforts of the IT companies in India in terms of increasing utilisation rates, effective use of the onsite-offshore model and new engagement models, have resulted in better margins despite the drop in the revenues. However, going forward, IT companies have to depend on volumes picking up, to see growth as there is little room for improving the utilisation rate, Som Mittal, president of industry body Nasscom, said here on Tuesday.

Centre seeks UP's response for felling trees without clearance

The Centre has asked Uttar Pradesh to respond to a report on large-scale felling of trees without forest ministry"s clearance in Noida and Lucknow and some other places, the Lok Sabha was informed today.

Mangala oilfield output reaches 1 mn barrels

Cairn India, which began production from the world class Mangala oilfield in Rajasthan in late August, has reached 1 million barrels of oil output from the nation"s most prolofic onland field.