Government plans more steps to revive growth
NEW DELHI (Reuters) - The government plans to take more steps in the next few weeks, which combined with the measures taken so far will help turn around the economy, the finance minister said on Friday.
P. Chidambaram, however, did not elaborate on the planned measures.
Asia's third-largest economy is headed for the weakest full-year growth in a decade, at about 6 percent, far below the near double-digit pace before the global economic downturn. (Reporting by Manoj Kumar; editing by Malini Menon)
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Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage