News HeadLines Tuesday, September 08, 2009
Top news
With Nasscom, the software industry's apex body advising its members not to go to campuses for recruitment, the placements at engineering colleges has dried up.
You can hear the leaders of Rediff (Venki Nishtala), Syntel (Keshav R Murugesh) and Netmagic Solutions (Sharad Sanghi) recount their experience of starting up in the world of business and learn exactly what it takes to be at the top of the game.
Technology
Software outsourcer Tech Mahindra has bagged a Rs.2000 crore deal to provide telecom operator Etisalat DB with IT solutions and infrastructure requirements for its proposed services rollout in 15 telecom circles.
U.S. bank Morgan Stanley is exploring the opportunities to exit its back-office operations in India.
Business
For the third year in a row, Andhra Pradesh with its pilgrim spots remains a hit with domestic tourists while Delhi continues to enjoy the tag of the Indian city most visited by foreigners.
Around 300-odd companies have been advised by the Foreign Investment Promotion Board (FIPB) to pay the Reserve Bank of India (RBI) a penalty (known as "compounding") for breaching sectoral limits on foreign direct investment (FDI).
Finance
Investors are being advised by stock-market analysts to buy Oil India (OIL) shares as a long-term pick and not for the prospect of immediate listing gains, citing the issue's steep pricing as well as the dismal performance of recent IPOs.
AIG World Gold Fund' topped the list of mutual fund schemes in the week ended September 03, 2009. The value of AIG went up by 10.97 percent with the net asset value (NAV) of Rs.11.16.
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