Sensex, Nifty among world's worst performers /IT recession plagues IITians/IT exports from AP poised to cross $6.25 Bn/Infosys, TCS among best global outsourcing service providers

Daily Dose |   February 25 2008

>> TOP NEWS Sensex, Nifty among world's worst performers This year has seen the bad performance from Indian equities market. Indices Nifty and Sensex are among the worst performers in the global markets since January 2008. IT recession plagues IITians The slowdown in the IT industry has hit the IITs equally hard. While hiring by TCS, Wipro and Infosys substantially dropped, firms like IBM, HCL, Hughes Software and CSC just opted out of placements this year. IT exports from AP poised to cross $6.25 Bn Infosys, TCS among best global outsourcing service providers >> TECHNOLOGY Usha Martin Group forays into technical education Usha Martin Group, a leading producer of speciality steel and wire rope, has forayed into the education sector with the recently launched Usha Martin Academy here. Kerala IT firm provides solution to Axis Bank Axis Bank (formerly UTI Bank) has accepted a pricing and billing software solution prepared by Kerala's leading IT solutions company SunTec. Cable&Wireless set for growth in India Honeywell to make fire alarms in India >> BUSINESS HDFC Bank will buy Centurion Bank for over $2 Bn HDFC Bank, the country's third-largest bank by market value, said it would acquire Centurion Bank of Punjab for about Rs.95.1 billion ($2.38 billion). Gati aims $2.5 Bn turnover, allies with European major India's leading courier and cargo delivery firm Gati said on Monday that it was targeting revenue growth of Rs.10 billion ($2.5 billion) by June 2009. Aviation industry wants budget to cut jet fuel prices $150 Mn investment in Indian organic farming: minister >> VENTURE NEWS India Rizing Fund to back $300 Mn fund for defense sector Mumbai based India Rizing Fund plans to back SMEs engaged in defence equipment related production with upto $300 million. Teranetics announces investment of $25 Mn Sanjay Kasturia, Rahul Chopra and Sandeep Gupta cofounded Teranetics, a provider of high performance Ethernet solutions, has raised $25 Million in a private equity financing. BSE to pick 26 percent stake in NMCE UTV seeks investors' nod for pref issue to Disney >> OTHER NEWS Nooyi among 10 best women CEOs: Forbes PepsiCo's India-born chief Indra Nooyi is among Forbes' list of 10 best women chief executive officers of large companies. Kerala to add 100,000 IT professionals, says minister Home Minister Kodiyeri Balakrishnan told Kerala's legislative assembly that the IT sector would create 100,000 new jobs in the state in the next three years. Antony promises new-look Indian Air Force in two years Indo-Canadians want official status for Punjabi >> BLOGS What's next for Indian IT Industry? - Kathiravan T Our companies should focus on the following areas apart from Servicing business to maintain their competitive edge from other low cost countries like china etc.... MAGAZINE Cover Story Arasan Chip Systems, a builder of IP solutions and related services competes with established names in numerous vertical markets and comes up trumps. Guest Contributor Beat the slump by thinking offshore By Ravi Thummarukudy The author is Vice President and General Manager of the IC Solutions Division, GDA Technologies Featured Mentors Srini Ramaswamy Professor - Computer Science Hemant Chaubal Domain expert in software industry Video spotlight What do Companies look for in Experienced IT Professionals. SiliconIndia Books INDIA As prime minister of Britain, Churchill had ordered the preparation of an imperial strategy with the intention.... Buy Now The Marketing Gurus: Lessons from the Best Marketing Books of All Time This book provides insightful summaries of seventeen classic marketing books. The cream of "Soundview Executive Book Summaries" offer advice in the art of trawling.... Buy Now

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