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| Online sports retailer to dilute 25% equity | 28-OCT-09 |
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| Playground Sports Pvt Ltd is looking at diluting upto 25 per cent equity in the Internet sports start-up to a strategic investor to fund its expansion plans and launch operations in new areas. |
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| Staying above 5,000 difficult | 11-OCT-09 |
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| The Nifty failed to sustain above 5,000 and closed forming a bearish candle on Friday. The support around 4,900, from where it had bounced back in the recent past, will be important for the uptrend in the index to stay intact. |
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| 'Clients are confident, though IT spends will stay flat' | 10-OCT-09 |
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| Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand. The company also said both its offshore and overseas employees would get a wage hike, effective October 1. S Gopalakrishnan, chief executive officer and MD of the company, while speaking to Bibhu Ranjan Mishra and Ravi Menon, elaborated on how the changing demand landscape could improve the company’s fortunes. |
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| IT had potential to see a double digit growth | 09-OCT-09 |
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| Sounding a note of optimism for the IT industry which has been impacted by the global meltdown, pricing pressure and shrinking in deals, Infosys Technologies CEO, S Gopalakrishan said the IT industry "held the potential" to see a double digit growth when recovery happens". |
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| India Inc created fewer jobs in 2008-09 | 03-OCT-09 |
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| The banking sector, State Bank of India in particular, has come to the rescue, while software service companies are employing less numbers compared to the previous year. |
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| IT firms pull out all stops on staff training | 25-SEP-09 |
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| Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. However, most of them see continuing value when it comes to employee training, even though it skims crores of rupees off their top-lines. |
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| Narayana Murthy steps down as NDTV Director | 24-SEP-09 |
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| Media firm New Delhi Television (NDTV) today said N R Narayana Murthy, founder of IT major Infosys Technologies, is stepping down as its director with immediate effect. |
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| Infosys to up delivery capabilities in LatAm | 18-SEP-09 |
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| Infosys Technologies, the second largest software company in the country, is opening a delivery centre in Brazil as part of its policy to focus on emerging geographies, including Latin America. The centre will initially have 50-100 people, mostly those hired locally, and will be operational “any time now,” S Gopalakrishnan, CEO of the Bangalore-headquartered company told Business Standard. |
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| Infosys to up delivery capabilities in LatAm | 17-SEP-09 |
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| Infosys Technologies, the second largest software company in the country, is opening a delivery centre in Brazil as part of its policy to focus on emerging geographies, including Latin America. The centre will initially have 50-100 people, mostly those hired locally and will be operational 'any time now,” S Gopalakrishnan, CEO of the Bangalore-headquartered company told Business Standard. |
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| Low morale prompts top 4 IT firms to skip employer survey | 15-SEP-09 |
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| Sensing that falling employee morale as a result of layoffs and salary cuts could mar a fair assessment of their HR policies, the top four Indian IT firms — Tata Consultancy Services, Infosys Technologies, Wipro and HCL Technologies — declined to participate in the annual Dataquest-IDC Best Employers Survey for the first time in eight years. |
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| 'Infosys not moving out of Bengal now' | 14-SEP-09 |
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| Infosys Technologies has said it was not moving its West Bengal project out of the state at this point in time and was not planning to set up new facilities. |
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| Slow US recovery to hit IT firms | 30-AUG-09 |
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| The delay in recovery of US economy, according to analysts and companies, will eat into the top- and bottom-lines of most Indian IT firms, even as they see a surge in demand from some European countries, including the UK and France, along with emerging geographies like Australia and West Asia. The reason is simple — most of the Indian IT services firms derive over 60 per cent of their revenues from the North Americas, including the US. |
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| Six in top-10 club add Rs 28,000 cr in market cap | 16-AUG-09 |
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| As many as six among the top 10 firms added over Rs 28,415 crore to their market capitalisation in the past week, while companies like NTPC, NMDC and IT bellwether Infosys Technologies saw their valuations dipping. |
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