Archive for January, 2010
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ICG acquires significant stake in CPA Global
SOURCE: Press Release DATE: Jan 29th, 2010 Intermediate Capital Group (“ICG”), a leading independent investor and fund manager, announces that it has acquired a significant minority stake in legal services firm CPA Global, investing alongside t
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HCL signs $50 million dollar deal with UK based Meggitt
DATE: Jan 28th, 2010 SOURCE: CIOL LINK Engineering and IT services provider HCL Technologies today said it has won a US$ 50 million (around Rs 231.5 crore) contract from Meggitt, an international group specializing in aerospace equipment,
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Wipro to provide app support to British American Tobacco
Source: Wall Street Journal DATE: Jan 27th, 2010 http://online.wsj.com/article/BT-CO-20100127-704557.html?mod=WSJ_latestheadlines
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CIO spending priorities for 2010 – Business Process Improvement, Reduce Operational Cost
DATE: Jan 19th, 2010 According to a recent report published by Gartner where they survey CIO's of around 1,600 companies across corporate and public sector companies in the US, 2010 IT budgets will remain FLAT. According to the survey a margin
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TCS upgraded by Bank of America
DATE: Jan 19th, 2009 Bank of America-Merrill Lynch upgraded TCS to buy from underperform. TCS released their earning last week and reported a 33% increase in profits. TCS was one of the outsourcing vendors which has seen a positive uptick in a
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Target Captive in India not for sale to Wipro ?
SOURCE: Proactive Investors DATE: Jan 18th, 2010 Target management continues to deny the recent news articles that they are close to selling their captive to Wipro for $60 million dollars. The rumors of the sale have emerged again. Late last
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Former Infosys BPO Head named as HDFC Standard Life CEO
SOURCE: Wall Street Journal DATE: Jan 18th, 2010 Amitabh Chaudhry , who was the CEO of Infosys BPO named HDFC Standard Life Insurance Co. MD and CEO. Infosys has recently announced Swaminathan Dandapani as the new head of Infosys BPO (LINK)
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TCS earnings Q3 2010 , Positive growth across all industry verticals
DATE: January 15th, 2010 TCS quarter ending Dec 31st, 2009 earnings:Key highlights: Revenue - $1.64 billion (+10.3% YoY)(+6.3% QoQ) Net Profit - $384 million (+38.9% YoY) (+14.2% QoQ) Operating Margin - +103 basis point QoQ Growth in a
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IBM to implement cloud based email for UTV software communications
SOURCE: EconomicTimes DATE: Jan 14th, 2009 In a multi year deal with UTV communication , IBM will offer business transformation services to UTV communications , a media company based in India. IBM will supposedly implement the first cloud enabl
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Offshoring in a Weak Economy – views from Robert Kennedy
SOURCE: OpenForum DATE: Jan 10th, 2010 Author Robert E. Kennedy sits down with The Big Money’s Editor Jim Ledbetter and answers the question of whether businesses should be offshoring. It depends on your whether your competition is doing it.
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