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Information Technology News
Info-Tech
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Sun Micro sales fall, Oracle deal delay stings
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Reuters
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Sat 07 Nov, 09:00 AM
NEW YORK (Reuters) - Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its...
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Finance specialists weather outsourcing, infotech blues
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Indian Express
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Sat 07 Nov, 02:38 AM
Notwithstanding the widespread reach of information technology and the increasing trend of outsourcing work, finance specialists are still vital to organisations, according to a research paper Finance transformation: the evolution to value creation...
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U.S. insider trading probe widens, ensnares 14 more
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Reuters
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Fri 06 Nov, 11:50 AM
NEW YORK (Reuters) - Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe...
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Demand up but Genpact net falls 2%
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Indian Express
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Fri 06 Nov, 03:47 AM
The country s largest business process outsourcing (BPO) company, Genpact, on Thursday reported a 1.7% drop in its net profit at $33.1 million for the quarter ended September, compared to the same period last year. However, on back of a slightly...
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Raju gets 2 weeks to respond to ED's complaint
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Indian Express
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Fri 06 Nov, 03:41 AM
The adjudicating authority, set up under the Prevention of Money Laundering Act (PMLA), on Thursday gave disgraced Satyam founder B Ramalinga Raju two more weeks to respond to the complaint filed by the enforcement directorate (ED). ED had filed a...
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Corporate affairs min plans SPV for Next-Gen MCA 21
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Indian Express
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Fri 06 Nov, 03:33 AM
The ministry of corporate affairs is contemplating creating a special purpose vehicle (SPV) for their mega project Next Generation MCA 21 which means that there would be no bids invited from the IT firm for the over Rs 500-crore project. This would...
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