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| Sensex gains for third straight day | 18-NOV-09 |
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| India’s benchmark stock index rose for a third day. Software exporters gained as aretail sales rebounded in the US, their largest export market. |
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| 'Financial inclusion, rural banking to drive growth' | 12-NOV-09 |
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| IT major Infosys Technologies' banking solutions arm Finacle, which currently enjoys a 65 per cent market share in the core banking segment, is looking at the financial inclusion frameworks laid down by the RBI, and the rural banking focus by governments in other countries as its next growth drivers. Finacle, which has 5,000 direct employees across six continents, says it sees good opportunity in the Islamic banking space as well. |
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| Infosys Tech Opens Second Latin America I.T. Development Center Serving Global | 09-NOV-09 |
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| Infosys Technologies Limited (NASDAQ: INFY) today opened the company’s second Latin American Development Center in Monterrey, Mexico, offering global, near-shore, and Latin American clients a full range of information technology (I.T.) services including Business and I.T. Consulting, Business Process Outsourcing (BPO), Packaged Solutions Implementation, and Infrastructure Management. |
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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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| Murthy's VC fund to be named Catamaran Venture Fund | 24-OCT-09 |
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| N R Narayana Murthy, chairman and chief mentor of India’s second-largest IT services firm Infosys Technologies, has christened his to-be-launched venture capital (VC) fund the ‘Catamaran Venture Fund’. |
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| N Murthy sells Rs 177 cr Infy stock for VC fund | 23-OCT-09 |
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| Nearly three decades after he co-founded Infosys Technologies with six others, N R Narayana Murthy has initiated the first step towards starting a venture capital (VC) fund focused on India. The Infosys Chairman, during the past two days, has offloaded 800,000 shares from his personal holding, to raise about Rs 177 crore. |
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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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| Infosys suggests better times ahead; Q2 net up 7.5% YoY | 10-OCT-09 |
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| Setting a positive tone for the IT sector's quarterly earnings performance, Infosys Technologies, India's second-largest IT services provider, marginally beat market expectations to post a 7.5 per cent increase in consolidated (Indian GAAP) net profit to touch Rs 1,540 crore for the second quarter ended September 30, 2009 against the corresponding period of the last financial year. Its top-line grew 3 per cent to touch Rs 5,585 crore. |
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| Infosys: Way to go | 10-OCT-09 |
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| A better operating performance and favourable currency movements help fetch the tech major better margins. |
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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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