VoIP services come in real handy to make cheap overseas calls.
When United States-based drug major Merck bought Schering-Plough early this month, it decided to go off the beaten track. Instead of having one managing director for the merged entity, it decided to retain both: Naveen A Rao will continue to head Merck's subsidiary MSD Pharmaceuticals in India and K G Ananthakrishnan will retain his position as MD of Schering-Plough's subsidiary Fulford India.
Almost 80% mid-sized firms plan to raise IT budget for 2010.
With the public sector non-life insurers rationally pricing risks, discounts on property insurance has come down by 20-25 per cent.
The claim comes against the cancellation of the match due to heavy rains.
WNS, an NYSE-listed business process outsourcing company, recorded good second quarter numbers, reflecting the improving market conditions in global markets. Neeraj Bhargava, Group CEO, attributed the performance to better volume growth and a robust pipeline. In a chat with Business Standard, he spoke about the recent stake sale talks with Warburg Pincus, appointing a new CEO and other issues.
That the flow of deals has resumed is evident from the third quarter Global TPI Index that tracks commercial contracts valued at $25 million or more.
With the US economy showing a positive annual growth rate of 3.3 per cent, the Indian IT industry - which gets over 50 per cent of its revenue from the US - is heaving a sigh of relief.
Dell says the credit goes to its campaign -- 'Take Your Own Path' -- launched in October, 2008. It was the first such campaign by Dell anywhere in the world as the company mainly relied on direct marketing earlier.
In its annual report, the central bank had said that it would lay down a risk management and capital adequacy framework for bank-sponsored private pools of capital.
Irda nod to policies with flexible premium, sum assured and tenure.
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
The newest CEO in the Tata group brings an aggressive pace and style to India's largest IT consultancy firm.
Dell's acquisition of Perot System for $3.9 billion is being seen by most analysts as a strategic call. This will give Dell an enlarged footprint. Both the companies will get a chance to diversify. Of course, it will make Dell a service powerhouse -- globally and in the country too.
Vijay is the name of the character that Amitabh Bachhan has played in many of his movies. In most cases, Vijay belonged to the underprivileged class. It's a curious coincidence that the megastar has just become brand ambassador for an insurance product called Max Vijay, a product targeting the poor.
Insurance industry sources said one of the largest telecom service providers paid Rs 20 crore to insure its employees in 2009-10 against Rs 9 crore last year.
However, policyholders will have to stay invested for the entire period of the scheme to get these benefits.
The DBS venture has been under financial stress of late.
The company, which saw a pricing pressure of 5-6 per cent in the last two quarters, believes that most of the pricing negotiations are completed and about one-third of pricing pressure has been factored in the company's guidance. However, Shibulal does not rule out some tail-wind effect in this quarter as well.
BP is apparently targeting a higher percentage of offshoring.
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