The Indo-Serbian pair lost to eighth seeds Shinobu Asagoe and Katarina Srebotnik at the Nasdaq-100 Open.
In terms of percentage, Exlservice Holdings Inc has recorded the biggest loss of about 19 per cent, while Infosys, Satyam, Sify, Wipro, Rediff, WNS, HDFC bank, VSNL, Genpact, Dr Reddy's and Patni also saw their market values dipping. All the major IT scrips saw a fall of more than seven per cent, led by Satyam Computer (over 10 per cent), while Wipro and Satyam lost about eight per cent and seven per cent respectively.
Coffee lovers in India may have to wait up to two years to savour the Starbucks brand, with the Nasdaq-listed world's biggest coffee retail chain revising its plan to open its first store in the country.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
Under the partnership, Bharat Biotech will use the patented virus like particle technology platform of Novavax to develop the single dosage pandemic influenza vaccine and undertake clinical trials before manufacturing and marketing the same.\n\n
The two companies are into products and services, including real-time charging, billing, pre-paid products and managed services catering to the wireless telecom space.
Indian pharmaceutical giant, Wockhardt has signed a deal with information technology services provider, Ness Technologies, to install, configure, customise, host and support its US-based financial IT infrastructure, a media report said.
"I think the people, who have been joining in the last one-two years, have a feeling of restlessness among them," T V Mohandas Pai, who is in charge of human resources at the Bangalore-headquartered Nasdaq-listed firm, said.
The Bombay Stock Exchange is learnt to have shortlisted London, Nasdaq, Deutsche Borse, New York, and Singapore stock exchanges for the proposed sale of its 26 per cent stake.
A Nasdaq-listed Israeli drug company has entered into an agreement with India's JB Chemicals and Pharmaceuticals to jointly develop products to improve its competitive edge in the US and other world markets.
Deal to bolster firm's position in healthcare IT.
Software major Infosys on Thursday committed Rs 1,250 crore (Rs 12.5 billion) to expand operations in Chennai.
Infosys is boosting its investments in training by more than two-and-half-times to Rs 1,600 crore (Rs 16 billion) besides adding to the seating capacity, as scramble for talent in the industry gains further momentum.
Technology solutions provider Fiserv India on Tuesday said it will increase its headcount in the country by over five times to 5,000 by the end of 2009.
MakeMyTrip filed its objections before the Commissioner of Income Tax (Appeals) on May 30.
The 19-year old Indian and Ana Ivanovic of Serbia beat Italy's Maria Elena Camerin and Tathiana Garbin at the Nasdaq 100 Open.
The RBI allows individuals to invest up to $100,000 abroad. A series on how to go about it.
A serial entrepreneur speaks about his many successes in the US and India.
India's premier bourse Bombay Stock Exchange is awaiting market regulator Sebi's nod for offloading 51 per cent stake, in which the likes of Nasdaq and NYSE have shown interest.
Tata has invested in over 10 start-ups in personal capacity.
Wage inflation will not blunt the country's competitive edge in the IT industry, according to software guru and chairman of Infosys, N R Narayana Murthy.
India's National Stock Exchange has emerged as the world's third fastest-growing bourse in terms of increase in listed companies, outpacing global names such as NYSE, Nasdaq and London Stock Exchange.
Indian companies looking for overseas listings should list in new emerging markets, including Sedaq (Singapore), TSV-V (Canada), Nasdaq (the United States) and AIM in the United Kingdom, according to global consultancy firm Grant Thornton.
IT and outsourcing services firm Cap Gemini SA is mulling to raise up to 500 million euros through share sale for funding further acquisitions.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
They prefer foreign markets owing to comparatively lower margins than Indian exchanges.
Apple spent more than a year investigating the feasibility of an Apple-branded car.
The government said on Thursday said it will make it clear within 10 days whether foreign players be allowed to hold stake in stock exchanges or not.
The IT and BPO industry will generate 10 million (1 crore) jobs by 2010 in India and the country will become the 'centre of gravity' in the world for the sector, says Nandan Nilkani, CEO of the Nasdaq-listed Infosys.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Meanwhile, Sify reported revenues of $28.74 million for the quarter ended June 30, 2006, 29.1% higher than the quarter ended 30th June 2005. The sequential growth in revenues over the previous quarter was 2.5%.
Bhavin and Divyank Turakhia remain as committed as ever to incubating start-ups despite selling their firm for $900 mn
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