Infosys Technologies is looking for acquistion of companies within $50 and $100-million revenue range in the segment of banking and financial services, besides health and life sciences, Infosys COO Kris Gopalakrishnan said.
Plans to increase headcount in the US, mainly in the banking and finance vertical.
Many domestic and foreign companies in banking and financial services, consulting and consumer goods are believed to have written to the Indian Institutes of Management, requesting them to waive participation and recruitment fees.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures
The numbers suggest the earnings performance of the broad market has been worse than that of the narrow market. For a sample of nearly 1,000 companies, excluding banks and financial services, net profits for the March 2009 quarter are down a very sharp 20 per cent year-on-year. That's not surprising because operating profit margins have come off by nearly 200 basis points, indicating that India Inc's problems have more to do with costs because the top line has held up well.
There is need for a continued pragmatic approach to foster the adoption of mobile banking services in India, says Probir Roy.
The Central Board of Excise and Customs (CBEC) has started tightening the noose around tax evaders. This year, the department intends to profile banking and financial services, port services and business auxiliary services to pinpoint taxability of various components to enforce compliance. More services will be profiled in subsequent years.
The constraints of managing funds that invest in a select few sectors can often prove to be demanding for fund houses. As a result, it isn't entirely uncommon to find a sector/thematic fund changing/expanding its investment objective/style in due course. This bears testimony to the intrinsic inadequacy of a sector/thematic fund in terms of sustainability over the long-term. Nonetheless sector/thematic funds continue to be launched at regular intervals.
The surge in hiring activity pushed up the indices for most of the industries with banking and financial services witnessing an increase of 22 per cent last month as compared to May.
Indians face COVID-19 with record debt, stalled income.
The top line is in trouble, but lower prices of inputs have helped companies salvage profitability. That's not helping their bottom lines though - net profits have slipped sharply.
Driven by high trading volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the world's top ten financial flow hubs list, beating Hong Kong and Beijing in China.
Though the banking and financial services sector has been ruling the campus so far, many students have opted to wear the entrepreneurial hat too.
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Currently, the Shannon Development Centre employs over 200 professionals, delivering IT and business process services' offerings to marquee retail banking and insurance customers across Ireland and the UK.
An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.
Growth rates in sales and profits have been low in Q2 FY08 as expected while the stock markets are still high. What should investors do?
US giants -- Citibank, Merrill Lynch, Smith Barney and Chase -- might be revered as big daddies of the banking and financial service space here in India, but consumers in their own homeland consider them 'below average'.\n
The executive job market is heating up. A look at the countries and industries that need top talent.
Tata Consultancy Services Ltd on Thursday said it has acquired Sydney-based Financial Network Services, a core banking solutions vendor for $26 million.
IT solutions provider 3i Infotech has acquired British asset management solution provider, Rhyme Systems, for £28 million marking its entry into UK's banking and financial services space.
ICICI Bank is recruiting Relationship Managers-Private Banking.
While stocks are at cheap valuations, the volatility can be unnerving.
An all round buying pushed up the sales of personal computers by 39 per cent year-on-year in the first quarter of 2004-05 to 890,000 units, according to the data compiled by apex body of computer hardware manufacturers.
Revising its earlier projection of 27 lakh units, Manufacturers Association of Information Technology on Thursday said personal computer sales during the current fiscal would cross 30 lakh units.
India's largest IT services firm Tata Consultancy Services is eyeing the 'major transformation' in China's banking and financial services sector to tap the market for its services and products.
Tata Consultancy Services and State Bank of India on Monday launched a joint venture to provide advanced technology solutions and world-class domain consulting for the banking and financial services sector.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Hexaware Technologies Ltd on Thursday said that it has opened a European development centre at Bad Homburg in Germany.
Indian Institute of Management, Indore will start functioning from its new campus situated atop a hill overlooking Pithampur Industrial area from June 21.
'We don't expect any immediate impact on salaried jobs.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Tata Consultancy Services plans to recruit around 4,000 software professionals in the next one year, notwithstanding global slowdown, a top company executive said.
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