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Wipro expects US IT spend to rise by 2-3%21-NOV-09
Wipro, India’s third largest IT services provider, is seeing an improvement in the prospects for the IT sector.
Reading Raju's mind20-NOV-09
On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra.
Wipro's Infocrossing inks deal with Cliffs19-NOV-09
Infocrossing, a company acquired by IT firm Wipro, has entered into a multi-year agreement to provide infrastructure services to Cliffs Natural Resources Inc, an international mining and natural resources company.
Markets trade soft19-NOV-09
The markets have extended their losses in the past one hour; the Sensex is now quoting at 16,883, down 114 points and the Nifty is at 5024, down 30 points, due to selling pressure in realty, IT and technology stocks.
Over 2,000 Indian firms adopt Windows 719-NOV-09
Microsoft had set a target of having Windows 7 installed on over 100 PC models.
IIPR to develop heat resistant gram19-NOV-09
The Kanpur-based Indian Institute of Pulse Research (IIPR) has begun its battle against the unbridled pulse price rise. The institute has proposed a project to develop heat-resistant species of gram, which is commonly used as pulses after processing. According to the project head and agricultural scientist at IIPR Dr S K. Chaturvedi, the production of pulses in the country had been on a decline for quite some time now and one of the prime reasons for the descent had been the recent phenomena of global warming. “The conventional species of plant are not able to withstand the rising temperatures, resulting in lower harvests and reduced acreage,” he added.
Wipro Receives First Ever Teradata Partner Impact Award18-NOV-09
Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, awarded Wipro the Teradata Partner Impact Award  in the “APAC Emerging Markets SI Partner” category at its 24th annual Teradata Partners User Group Conference & Expo, held recently at the Gaylord National Resort and Conference Center in Washington, DC . The award expresses appreciation for the outstanding level of commitment in their dedicated Teradata Centre of Excellence (CoE) at Wipro campus in Bangalore and generation of joint customer wins.
Markets slip into the red18-NOV-09
The Sensex is now trading at 17,002, weaker by 48 points and the Nifty is at 5,053, lower by 9 points.
Protectionism by another name18-NOV-09
The India-European Union Joint Customs Cooperation Committee has met in New Delhi and failed to resolve the issue over Indian generic drugs being seized when they are in transit through European ports. This may be ascribed to technical reasons, but it has ramifications for international trade and, equally importantly, for public health. The stand-off comes barely weeks after the assurance by EU’s trade commissioner, Catherine Ashton, that the EU was committed to finding a solution that works for India. The EU’s plea that such seizures are made on suspicion of either violation of intellectual property rights (IPRs), notably patent laws, or of the consignments being of counterfeit drugs, holds no water because there is no evidence to back such a position. All the consignments detained so far have eventually been found to be of genuine, off-patent generic drugs on their way to countries where these are not patented.
Wipro announces launch of medical gateway solution17-NOV-09
Wipro Technologies, the global IT services business of Wipro, today announced the launch of a medical gateway solution.
India for non-reciprocal role in SAARC: Krishna17-NOV-09
The government today said India is willing to take on more responsibilities than other SAARC members for the economic development of the region but said "bright" prospects of co-operation have been hurt by cross-border terrorism.
Ansal Properties & Infra up 9%17-NOV-09
The stock jumped 9 per cent to Rs 71.35 after the company allotted 9.63 million equity shares to Mauritius-based IPRO Funds, a foreign fund, under preferential allotment.
Wipro: Strengthening Yardley17-NOV-09
With the acquisition of the Asia, Asia-Pacific and North Africa businesses of Yardley from the UK-based Lornamead Group, Wipro Consumer Care and Lighting (WCCL), Wipro’s FMCG arm, is ready to fast-track its business which contributes around 8 per cent to the overall revenue. It forked out $45.5 million (around Rs 210 crore) for the assets, which is a little over twice their annual revenue.
Jaiprakash to raise Rs 500 cr; to sell shares in JIL16-NOV-09
Diversified infrastructure group Jaiprakash Associates today said it will raise up to Rs 500 crore through debt and also sell nearly 5 per cent of its holding in subsidiary Jaypee Infratech (JIL).
Meteor showers in Kolkata on Nov 17/1813-NOV-09
Brilliant celestial firework will be on display here on November 17 and the night following when the Leonid meteor would shower startling streaks of light.
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