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Thursday, August 14, 2008
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TRENDS: IT cos unfazed by rise in debtor days
‘Rise is marginal, nothing to do with global slowdown’. Chennai, Aug 13 In difficult times, quicker collections from clients for services rendered could strengthen a company’s balance sheet. ...

OUTLOOK: Dell excited about India, to invest more
Sees $1-b revenue next year; unveils laptops with longer battery life. New Delhi, Aug. 13 Upbeat about India — a market where it hopes to hit $1 billion revenue next year, Mr Michael Dell, Chairman of world’s second largest PC ...

SOFTWARE: Hexaware closing Gurgaon centre
To merge operations with other centres. Mumbai, Aug. 13 Mid-tier IT company Hexaware Technologies is in the process of shutting down its Gurgaon centre where about 130 employees currently work. ...

IT-ENABLED SERVICES: ITES cos unperturbed by rupee rise against euro
‘Rupee appreciation against pound more worrisome’. Chennai, Aug. 13 The Rupee has appreciated about 8 per cent against the euro in the last month to touch Rs 63.46 to a euro today compared to about Rs 68.17 a month ago. While this ...

OUTSOURCING: Accenture, IGNOU joint programme
Accenture and the Indira Gandhi National Open University (IGNOU) will jointly develop a diploma programme designed to help grow the outsourcing industry by providing comprehensive training and career opportunities in business process outsourcing ...

TELECOMMUNICATIONS: Finance Ministry wants a say in 3G policy
Asks DoT to consult it before implementing policy. New Delhi, Aug. 13 In what could muddle the third generation mobile roll out in the country, the Ministry of Finance is understood to have told the Department of Telecom that it should go ...

MERGERS & ACQUISITIONS: GPC picks up 20% in Azure for $32.5 m
Ahmedabad, Aug 13 The London-based strategic investment firm Greater Pacific Capital took a 20 per cent-plus stake in Azure Knowledge Corporation Pvt Ltd, an IT/ ITES player for $ 32.5 million, said Mr Pradeep Udhas, Managing Director, GPC ...

OUTSOURCING: Firstsource arm bags BT deal
Mumbai, Aug. 13 A subsidiary of pure play BPO firm Firstsource Solutions has bagged a six-year engagement – which could go up to $30 million with British Telecom Global Services ...

HARDWARE: XL Telecom ties up with Chinese firm LDK Solar
Hyderabad, Aug. 13 XL Telecom & Energy Ltd and Chinese firm LDK Solar Co Ltd have signed a five-year contract for supply of multi-crystalline solar wafers for consumption in the 120-MW per annum solar cell and panel manufacturing plant ...

TELECOMMUNICATIONS: 6.7 m new GSM subscribers in July
New Delhi, Aug. 13 GSM-based cellular operators added 6.7 million new users in July compared with 6.3 million in June. ...





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Markets (Aug 13)
Nifty (at close)4529.05(-23.20)
US Dollar (Buy/Sell)42.64/65
Brent crude (per bbl) Rs4,704
Gold (a gram) Rs1,053
Silver (a kg) Rs21,335


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