Industry sources peg the IPO figure at $50-80 million (Rs 230-370 crore).
IT services followed by telecom are expected to lead the virtualisation wave considering their need for technology savings, Krishnan Thyagarajan managing director, India sub-continent, Quest Software, a NASDAQ-listed enterprise system management vendor, said. Quest's clients in India include Infosys, Wipro, Ranbaxy and Cummins.
Catch the latest updates from the awards function, real-time, as rediff.com reporters post them online from the venue. Follow the action and drama as they happen, only on Rediff.com's MyPage.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While the number of international MF schemes is increasing, so is the confusion for investors.
Though domestic IT majors like Infosys Technologies, Tata Consultancy Services and HCL Technologies painted a gloomy picture of the IT sector in the coming quarters, technology bellwether Cognizant Technology Solutions and Genpact, India's largest Business Process Outsourcing firm, not only posted better results but have also given decent guidance to the markets.
The NSE Nifty gained 25 points at 5259. The market breadth was strong. Out of 2974 stocks traded on the BSE, there were 1920 advancing stocks as against 982 declines.
The markets opened on bright note on Thursday morning after a holiday on Wednesday, however the joys were shortlived as the markets came tumbling down towards the close.
Nasdaq-listed Cognizant Technology Solutions, which did not complete the due diligence process for Satyam Computer Services, is understood to be back in the race to acquire the troubled software company.
McKinsey, RBS postpone placements by three to six months
The Sensex ended at 17,098, up 45 points. The broader-based Nifty shut at 5,116, up 15 points.
On the sidelines of 'Samvit 2009 -- The Leaders' Conclave' at IIM-Lucknow recently, Ajit Balakrishan tells Virendra Singh Rawat answered some issues that have dogged IIMs.
The Sensex finally ended at 16,053, down 231 points. The NSE Nifty finally settled at 4,751, down 76 points.
In My Name Is Khan, directed by Johar, SRK plays Rizwan Khan, a man with a form of autism that makes him a much misunderstood person. The 9/11 events indirectly affect millions of people across the globe, and Rizwan is one of them.
If the deal goes through this will be second deal for Ebix in seven months, having bought Centrum group's forex and travel business Centrum Direct for a reported Rs 1,2000 crore valuation last August.
NSE Nifty closed at 4,867, up 14 points.
The NSE Nifty closed at 5235, up 25 points. The market breadth was strong. Out of 2969 stocks traded on the BSE, there were 1694 advancing stocks as against 1195 declines.
Nasdaq-listed Rediff.com will offer its customers the facility to communicate in 22 different regional languages from January 2009, company officials said.
Unfortunately, investors know of bubbles only when it bursts! So how should you protect yourself from a bubble? Before that let us see what a bubble is and how it is formed?
The US markets closed in green on the first trading day of 2010 ,on the back of a spate of deals, soaring commodities and strong manufacturing data.The Dow Jones Industrial Average added 1.5% at 10,584 and the Nasdaq Composite Index was up 1.7%. The NSE Nifty closed at 5,278, up 48 points.
The NSE Nifty put on 9 points at 5042. IT, metal and auto stocks exhibited strength.
EXLService Holdings, Nasdaq-listed business process outsourcing unit, posted a 77 per cent year-on-year fall in its net income for the quarter ended June 30, besides reporting a foreign exchange loss of about Rs 8 crore (Rs 80 million). Rohit Kapoor, the BPO's CEO and president, spoke to Kirtika Suneja on the road ahead in these challenging times.
Post-bribery disclosure, Cognizant is not pursuing greenfield expansion in the country and relying on leased facilities for new demands. The incident, which came to light in 2016, is also said to have claimed 200-300 jobs so far mainly in areas like administration, legal, and procurement.
With acquisitions the internet giant is trying to increase its presence in smartphones and tablets.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
IT major Infosys Technologies Ltd is not seeing any trend towards downward pressure on pricing by clients, its CEO and managing director S Gopalakrishnan said on Wednesday. "We are not seeing any trend towards driving down pricing", Gopalakrishnan told reporters in response to questions on the sidelines of a press conference of The Indus Entrepreneurs (TiE).
Flushing Meadows shook with an explosion of deafening roars on Saturday as American teenage sensation Melanie Oudin sent former champion Maria Sharapova spinning out of the US Open.
The NYSE accounts for more than 60 percent of S&P 500 volume at the close of the market
In its annual report filed with the US Securities and Exchange Commission for 2008, Nasdaq-listed SanDisk has stated it is facing risks due to the situation at Satyam, which is the system integrator for installing a new ERP system for the memory disk maker.
While the exact number of employees being asked to quit could not be confirmed, sources said close to 1,000 employees were tipped to go. Syntel has around 11,000 employees in India. The shifting of employees to the KPO operations is part of increasing its utilisation and reducing the bench strength.
Infosys Technologies Ltd announced on Tuesday its selection as Best Outsourcing Partner by readers of Waters, a leading publication covering the needs of chief information officers in the global capital market firms.
The NSE Nifty shut shop at 4,914, up 58 points.
Fortune 1000 comprises a list of thousand largest American companies in terms of revenues compiled by the US business magazine.
The Nifty closed below the psychological mark of 5k at 4,987, lower by 54 points. Realty, energy and bank stocks were the major draggers.
Financier Bernard Madoff has pleaded guilty to all 11 charges in one of the largest swindles in Wall Street history. He faces as many as 150 years in prison when sentenced.
The Nifty closed below the 5,000 mark for the first time in seven days and the Sensex ended below the 17,000 mark. The market breadth was fairly negative. Out of 2,825 stocks traded on the BSE, 1,875 declined and 871 advanced.
The Nifty closed at 5,114, lower by 27 points. The market breadth was fairly negative. Of 2,844 shares traded on BSE, 1,471 declined, and 1,322 rose.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
Find out which financial instruments will protect you from bear market volatility.
In a move to allow US investors to directly participate in India's equity markets, Chicago-based US Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year. At present, US investors can buy only a handful of Indian stocks listed on the New York and Nasdaq exchanges through an American Depository Receipt (ADR) authorisation.
