September 13: Picturesque NewsView
September 13: Picturesque NewsView
The Wipro campus is seen in Bangalore. Wipro Ltd, India's third-largest software services exporter, said on Monday that customers remain cautious about technology spending, with budgets flat to slightly higher as they look for transformational projects
\"Folks are cautious in the way that they're spending,\" Martha Bejar, Wipro's president of global sales and operations, told Reuters in an interview at the World Economic Forum in China. \"Customers are spending a lot more time making decisions ... but we're not seeing cancellations or delays.\"
Strong demand for outsourcing helped Wipro, which develops software applications, integrates IT systems and manages call centres, to post a strong June quarter, although a softening in Europe's revenue contribution raised concern about profitability ahead.
Changes in customer information technology budgets year on year ranged from flat to an increase of 4 per cent, said Bejar, adding th
A user browses for information on the popular search engine Google in Beijing
Google Inc will buy Israel-based Quicksee, whose software enables users to turn video into interactive virtual tours, for about $10 million, financial newspaper TheMarker said on Monday.
Officials at Quicksee declined to comment.
TheMarker said Quicksee's technology is regarded as the missing link in Google's Street View service, used by both Google Maps and Google Earth.
Google acquired Israeli web gadgets provider LabPixies in April for an estimated $25 million.
A BP (British Petroleum) logo is seen at a petrol station in central London
BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20 billion the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming Chief Executive Bob Dudley.
\"He added that given current estimates of claims the $20 billion Independent Claim Fund (ICF) that BP established probably exceeds calls,\" Citigroup said in a research note.
Dudley added the $32 billion provision BP made for the total cost of the disaster remained a reasonable indicator of eventual cost.
Dudley also told the analysts that claims by Gulf states for lost tax revenue related to the spill \"should not be too high\" as any tax drops due to lower economic activity following the spill would be offset by the economic stimulus of the response effort.
Citigroup said that, following the meeting wit
The logo of Alcatel-Lucent is pictured at the entrance of its Paris headquarters
Telecoms equipment maker Alcatel-Lucent said some telecoms carriers in China and India could put out bids for building of 4G trial networks as early as year-end, as they rush to upgrade existing networks or get into the wireless business.
China Mobile, the world's largest carrier by subscribers, has been letting some of the world's top equipment sellers, including the French-US firm, show off their 4G capabilities at the Shanghai Expo that began in May and runs through the end of October.
\"The calendar is we hope by year-end the trial networks will be announced, and partners selected and trials will start,\" Rajeev Singh-Molares, Asia Pacific president of Alcatel-Lucent, told Reuters in an interview at the World Economic Forum on Monday.
\"It's fair to say they've been in discussions with us. Everyone knows this trial is coming,\" he said.
An employee counts currency notes at a cash counter inside a bank in Agartala, capital of Tripura
The rupee climbed to its highest in a month on Monday after robust factory output, and buoyed by a return in risk taking globally after strong data in the United States and China.
At 9:45 am, the partially convertible rupee was at 46.29/30 per dollar, after touching 46.2650, its highest since Aug. 10 and stronger than the close of 46.47/48 last week.
\"There is some dollar selling seen after the strong IIP data. We could see a move towards 46 levels this week, but then it should start weakening again from there,\" said Ashtosh Raina, head of foreign exchange trading at HDFC Bank.
India's industrial output accelerated much faster than expected in July on surging capital goods production, strengthening the case for further monetary tightening by the central bank to tame near double-digit inflation.
Dealers said gains in the euro
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