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Category Archives: Business Updates
BSE, NSE open early; trade volumes expected to rise
The Mumbai Stock Exchange opened one hour on Monday and will from now on will open at 0900 hrs IST everyday.
Traditionally the bustle started at Dalal Street at 1000 hrs IST but all that changed as the BSE opened the markets at 0900 hrs IST on January 4, 2010.
The move is expected to affect the [...]
TCS, Infy, Wipro losing contracts to emerging rivals
Emerging nearshore rivals, including Ness Technologies of Israel, CPM Braxis of Brazil and Mexico-headquartered Softtek are increasingly becoming attractive for top outsourcing customers such as GE, Citibank and several others seeking to work with local, specialised vendors instead of sending all projects to offshore locations like India.
At a time when India’s top tech firms [...]
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Wipro tops list of H-1B visa professionals in 2009
With 1,964 H-1B visas in 2009, Indian IT major Wipro has topped the list of firms that got the coveted US visas for highly skilled professionals.
Microsoft with 1,318 visas came next, with Intel (723) in third place, while Google with 211 in 25th place brought up the rear. IBM India (695), Infosys (440), Polaris Software [...]
‘Green Money Transfer’ Service Started In India
Tata Indicom has launched an ambitious project called ‘Green Money Transfer’ in association with Corporation Bank and PayMate technology. This will help the rural people to transfer money via the mobiles.
The new green Money Transfer service will use Tata’s PCO service and True Value Shop (TVS) network. PayMate has provided the technology to facilitate this [...]
Indian industry urges Finance Minister to continue stimulus
Indian industry on Tuesday urged the government to continue with the fiscal stimulus at least for six months, as withdrawing them could choke faster recovery of the economy.
“All industries felt that the fiscal stimulus should continue for a while because the recovery was fragile and it needs to be more robust specially for export-led industries [...]
The basics of financial health
As the year 2009 draws to a close most investors would be relieved that the market treated us much more kindly than what it did in the previous year. In 2008, the Sensex lost over half its value, falling from levels of 20500 in January to around 9500 in December. Just as investors were losing [...]
Now make payments via mobile phones
Oxford University researchers have developed a new technology that enables safe payments to be made through mobile phones. The technology, designed by Professor Bill Roscoe of the Computing Laboratory and colleagues, will now be lunched into the market by Isis Innovation, the university’s technology transfer company.
Prof Roscoe said: “A key requirement of new payment systems [...]
Top 100 Indian Companies