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LONDON AUGUST 24:  In this handout photo provided by Freud Communications, revellers wave flags as they attend the Olympic hando

LONDON AUGUST 24: In this handout photo provided by Freud Communications, revellers wave flags as they attend the Olympic hando

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Breaking News

  • A new aftershock with a preliminary magnitude of 5.8 has struck Northern Sulawesi - tsunami warning center.
  • Indonesian earthquake center tells @BreakingNewsOn at least 17 people may have been killed; note that this information is not confirmed.
  • Indonesian agency says it lifts tsunami warning after earthquake in Northern Sulawesi; no word if a tsunami was generated.
  • A spokesman for the Indonesian earthquake center tells @BreakingNewsOn it has reports of "major damage" and possibily deaths.
  • MAJOR DAMAGE REPORTED AFTER STRONG EARTHQUAKE IN INDONESIA; REPORTS OF FATALITIES. DETAILS SOON.
via @BreakingNewsOn

‘Capitalism will triumph over protectionist policies’

November 16th, 2008 - 10:38 pm ICT by IANS -
New Delhi, Nov 16 (IANS) Entrepreneurs need not worry about the increasing government regulation of markets in times of recession as it is a "short-term" development and will not hamper business growth ...

Posted in Business, | 1 Comment »

Bears finally prevail, key index down 300 points (Roundup)

Bears finally prevail, key index down 300 points (Roundup)

November 12th, 2008 - 7:35 pm ICT by IANS -
Mumbai, Nov 12 (IANS) With the Indian index for industrial production (IIP) growing 4.8 percent in September compared to a rise of only 1.3 percent in the previous month, analysts said Indian ...

Posted in Business, | No Comments »

Karnataka revising IT policy to retain competitive edge

November 6th, 2008 - 9:56 pm ICT by IANS -
Bangalore, Nov 6 (IANS) The Karnataka government is revising its IT policy in a bid to retain its competitive edge and remain a favoured investment destination in the knowledge economy."We are taking ...

Posted in Sci-Tech, | No Comments »

Lending rate cut hint bolsters Indian equities (Roundup)

Lending rate cut hint bolsters Indian equities (Roundup)

November 4th, 2008 - 6:35 pm ICT by IANS -
Mumbai, Nov 4 (IANS) Despite opening weak Tuesday on profit booking, Indian equities markets surged late afternoon and finished in the green after Finance Minister P. Chidambaram announced that state-owned banks had ...

Posted in Business, | No Comments »

Equities open lower, but bounce back strongly (Lead)

Equities open lower, but bounce back strongly (Lead)

November 4th, 2008 - 4:32 pm ICT by IANS -
Mumbai, Nov 4 (IANS) With investors resorting to booking profits on gains made during two previous successive trading sessions, Indian equities opened lower Tuesday but regained positive territory mid-afternoon on news that ...

Posted in Business, | No Comments »

No job cuts in IT industry: Narayana Murthy

November 1st, 2008 - 8:05 pm ICT by IANS -
New Delhi, Nov 1 (IANS) The global economic meltdown and the financial crisis looming large over the Indian economy will not result in any downsizing or job cuts in the IT industry, ...

Posted in Sci-Tech, | No Comments »

Infosys rules out hike in offer price for Axon

October 10th, 2008 - 4:01 pm ICT by IANS -
Bangalore, Oct 10 (IANS) Infosys Technologies Friday ruled out increasing its original offer price of 600 pence per share to buy the Britain-based Axon Group plc."After careful consideration, the board of Infosys ...

Posted in Business, | No Comments »

Sensex recovers after sliding to its lowest since Aug 2006

Sensex recovers after sliding to its lowest since Aug 2006

October 8th, 2008 - 7:27 pm ICT by ANI -
Mumbai, Oct.8 (ANI):The Bombay Stock Exchange''s 30-share Sensex, which slumped by more than 8 percent to its lowest in over two years as panic gripped investors after overseas markets tanked on ...

Posted in National, | No Comments »

Axon pitches for HCL offer, Infosys mulls options

October 2nd, 2008 - 8:05 pm ICT by IANS -
Chennai Oct 2 (IANS) The board of the UK-headquartered consulting firm Axon Group Plc has now pitched for the 441 million pound (650 pence per share) bid of HCL Technologies Ltd, instead ...

Posted in World, | No Comments »

Sensex dips below 13k level, sheds 117 points in early trade

September 29th, 2008 - 1:08 pm ICT by ANI -
Mumbai, Sept 29 (ANI): The Bombay Stock Exchange benchmark Sensex plunged below the 13k level and is now down 177 points at 12,925 in early trade this morning. Reports of selling by ...

Posted in National, | No Comments »

HCL Technologies makes counter-bid for Axon

September 26th, 2008 - 10:58 pm ICT by IANS -
New Delhi, Sep 26 (IANS) Software services provider company HCL Technologies Ltd has launched a counter bid to acquire British company Axon Group Plc following an offer of another Indian software services ...

Posted in Business, | No Comments »

Church attacks dent Karnataka’s civilised image

Church attacks dent Karnataka’s civilised image

September 24th, 2008 - 3:52 pm ICT by IANS -
Bangalore, Sep 24 (IANS) Karnataka's reputation as a communally harmonious state has taken a severe beating following brazen attacks on churches widely blamed on rightwing Hindu groups. The widespread revulsion over the ...

Posted in Uncategorized, | No Comments »

Indian IT companies bringing 11,000 migrants to UK every year

September 21st, 2008 - 10:26 am ICT by IANS -
London, Sep 21 (IANS) Over 11, 000 foreign workers are being brought into Britain by Indian IT companies every year, prompting a trade union to question if the work permit system is ...

Posted in World, | No Comments »

Sensex down by over 700 points

September 15th, 2008 - 3:12 pm ICT by ANI -
Mumbai, Sept 15 (ANI): The Bombay Stock Exchange (BSE) benchmark Sensex fell by 772.62 points this morning following the U.S. investment bank Lehman Brothers filing for bankruptcy. The Nifty of the National ...

Posted in National, | No Comments »

Singur strife concerns livelihood, not just farmland (Comment)

September 14th, 2008 - 2:29 pm ICT by IANS -
The fate of future industrial development in West Bengal hangs in the balance with the suspension of work at the Tatas' Nano factory in Singur, some 40 km from the West Bengal ...

Posted in Uncategorized, | No Comments »

BSNL to open mobile lines tender Wednesday

September 9th, 2008 - 10:20 pm ICT by IANS -
New Delhi, Sep 9 (IANS) The state-owned telecom major Bharat Sanchar Nigam Ltd (BSNL) announced Tuesday that it will open Wednesday the tender for its 93 million GSM lines.The county's leading IT ...

Posted in Uncategorized, | No Comments »

Axon shares jump after Infosys offer; counterbid predicted

August 26th, 2008 - 6:02 pm ICT by IANS -
London, Aug 26 (IANS) Shares in the British consultancy group Axon jumped by 20.1 percent Tuesday fuelling speculation about a counterbid to Infosys Technologies' 407 million pound ($800 million) offer to buy ...

Posted in Uncategorized, | No Comments »

Industry majors say they benefited from tapping rural markets

August 19th, 2008 - 10:42 pm ICT by IANS -
New Delhi, Aug 19 (IANS) Four of India's largest companies Tuesday showcased here how they have benefited by tapping India's huge rural market.The four - ICICI Bank, Hindustan Unilever Ltd, Hero Honda ...

Posted in Business, | No Comments »

Markets end with a deep cut ahead of Independence Day (Roundup)

Markets end with a deep cut ahead of Independence Day (Roundup)

August 14th, 2008 - 6:46 pm ICT by IANS -
Mumbai, Aug 14 (IANS)Indian equity markets closed in the red Thursday for the third day running, ahead of the release of the weekly inflation data and rise in crude oil prices, which ...

Posted in Business, | No Comments »

‘Tata Consultancy, Infosys, Wipro to emerge megavendors by 2011′

August 13th, 2008 - 8:49 pm ICT by IANS -
New Delhi, Aug 13 (IANS) India's leading IT companies Tata Consultancy Services (TCS), Infosys Technologies and Wipro Technologies will emerge the next generation of IT service megavendors, leaving behind the likes of ...

Posted in Business, | 1 Comment »

Murdoch to invest $100 million on 6 new TV channels in India (Lead)

Murdoch to invest $100 million on 6 new TV channels in India (Lead)

August 4th, 2008 - 6:18 pm ICT by IANS -
Mumbai, Aug 4 (IANS) Rupert Murdoch's Star Group Ltd will invest $100 million (Rs.4.2 billion) to launch six new television channels in India within the next 12 months, Murdoch told reporters here ...

Posted in Entertainment, | No Comments »

Murdoch launches Dow Jones index for India

August 4th, 2008 - 4:53 pm ICT by IANS -
Mumbai, Aug 4 (IANS) News Corporation chairman and chief executive Rupert Murdoch, who last year acquired global business news and information services firm Dow Jones in a $5 billion buyout, launched the ...

Posted in Business, | No Comments »

Spiralling oil prices causing uncertainty in BPO: Premji

July 18th, 2008 - 6:50 pm ICT by IANS -
Bangalore, July 18 (IANS) With oil prices spiralling out of control, the IT services business in India is facing a lot of uncertainty and is operating in a challenging environment, Wipro Ltd ...

Posted in Business, | No Comments »

Infosys Q1 net rises 21%, raises FY09 forecast

July 11th, 2008 - 8:26 pm ICT by ANI -
Bangalore, July 11 (ANI): Infosys Technologies Limited beat expectations with a 21 per cent rise in quarterly profit thanks to a weaker rupee, and raised its full year guidance on hopes ...

Posted in National, | No Comments »

Syrian president does a reality check of India’s IT hub

Syrian president does a reality check of India’s IT hub

June 21st, 2008 - 12:31 am ICT by IANS -
Bangalore, June 20 (IANS) Visiting Syrian President Bashar al-Assad Friday had a first-hand view of the progress and achievements made by India's IT hub in space research, IT and management on a ...

Posted in Uncategorized, | No Comments »

‘Creating diverse workforce greatest challenge for global firms’

June 14th, 2008 - 6:10 pm ICT by IANS -
Bangalore, June 14 (IANS) Creation of diverse workforce would be the greatest challenge for corporations in a globalised world, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy said here Saturday. "As ...

Posted in Sci-Tech, | No Comments »

Tatas, Infosys among world’s 15 most reputed firms

June 5th, 2008 - 10:46 pm ICT by IANS -
New York, June 5 (IANS) India's Tata Group has been ranked the world's sixth most reputed company and Infosys Technologies 14th in the annual 'Global 200: The World's Best Corporate Reputations' list ...

Posted in Sci-Tech, | No Comments »

Infosys to fund research centre at US varsity

June 4th, 2008 - 8:16 pm ICT by IANS -
New York, June 4 (IANS) Infosys Technologies, the global IT services and consulting company based in Bangalore, has decided to fund a research centre at the University of Southern California (USC)'s engineering ...

Posted in Sci-Tech, | No Comments »

Five Indians among seven outsourcing billionaires: Forbes

May 31st, 2008 - 10:23 pm ICT by admin -
New York, May 31 (IANS) In a clear indication that India dominates the outsourcing business in the world, a Forbes magazine survey says that five of the seven billionaires whose primary source ...

Posted in World, | No Comments »

BBVA and Finacle from Infosys sign a strategic global partnership

May 28th, 2008 - 10:39 pm ICT by admin -
Madrid/Bangalore/London, May 28 (ANI/Business Wire India): Francisco Gonzalez, BBVA Chairman and CEO, and Nandan Nilekani, Infosys Technologies Co-Chairman, emphasize the importance of this agreement for the development of the transformation and ...

Posted in National, | No Comments »

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