News Snippets

SSI Ltd loses 70% in a single day
The Chennai-based SSI Ltd saw a steep erosion of 70
per cent value in a single day of trading. According to
brokers, investors lost ...
http://sify.com/finance/equity/fullstory.php?id=13589848

IT firms try out bonds to retain talent
Faced with strong attrition rate, the country's top IT
companies are resorting to signing bonds (kind of contracts)
with employees to retain talents.
http://timesofindia.indiatimes.com/articleshow/884362.cms

Patni Comp to buy Cymbal for Rs 312 cr
In the largest cross border deal by an Indian IT firm,
Patni Computer Systems Ltd is to acquire Cymbal Corporation
for Rs.312 crore.
http://timesofindia.indiatimes.com/articleshow/883075.cms

Infosys rides high on BPO wave
Infosys posted 49 pc profit, biggest quarterly jump in three
years, as outsourcing accelerated in US.
http://timesofindia.indiatimes.com/articleshow/882022

China, rising wages pose test for Indian IT giants
China, already the workshop of the world, will give Indian
IT firms a run for their money before long in the market for
outsourced services, an executive of India's largest software
services firm said.
http://www.expressindia.com/fullstory.php?newsid=37142

Outsourcing controversy in US is over: Infosys
Infosys Technologies Ltd, India's second-largest software
services firm, said the controversy in the United States over
outsourcing appeared to be over.
http://www.expressindia.com/fullstory.php?newsid=37144

Infosys to hire 4,000-4,500 techies this year
Infosys Technologies Ltd plans to hire 4,000-4,500 people over
the next two quarters, Hema Ravichandar, head of human resources,
told a news conference.
http://www.expressindia.com/fullstory.php?newsid=37161

Move to increase H1B visa allocation gets a thumbs up from India
Even as a couple of senators are pushing for increasing the H1B
visa allocation, the corporate America too is playing a significant
role in the process.
http://www.expressindia.com/fullstory.php?newsid=37181

India is world's 3rd best FDI destination
India may be preferred over US for FDI soon. Both
countries neck and neck in A T Kearney list.
http://www.rediff.com/money/2004/oct/13fdi.htm

'Bush only prez to lose jobs'
John Kerry, the Massachusetts senator, however, acknowledged
that outsourcing could not be stopped.
http://www.rediff.com/money/2004/oct/14bpo.htm

Pay more for same in India!
Your favourite car, laptop is cheaper in New York than in New Delhi.
http://www.rediff.com/money/2004/oct/15spec.htm

# posted by N.A.Mohan Raj Kumar @ 2:11 PM