Rolta India – Next 2 quarters challenging , cuts guidance

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Rolta India held a conference call to discuss third quarter results for FY09 and future prospects. Mr Hiranya Asher, Director – Finance, addressed the call. Highlights of the call The management is seeing delay in ramp up of deals. However, there have been no cancellations. There is however expansion in pipeline. There has been price … Read more Rolta India – Next 2 quarters challenging , cuts guidance

Hexaware + Greenpulm to offer data management solutions

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Hexaware Technologies has formed an association with Greenpulm to offer large scale data management solutions. Greenplum will be responsible for providing the database platform, while the company will enable the migration, implementation, upgrades and maintenance services on these platforms. Greenplum’s database is based on a massive parallel processing (MPP) architecture designed to support next generation … Read more Hexaware + Greenpulm to offer data management solutions

Jet Airways flying in turbulence plans to reduce its fleet

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Economic downturn has continued to hit the airlines with respect to the demand for air travel. India’s second-largest airline by market share, Jet Airways, is now planning to reduce its fleet. As of now, the airline has 87 aircraft operating on domestic and international sectors. It was reported that Jet is planning to lease out … Read more Jet Airways flying in turbulence plans to reduce its fleet

Star Union Dai-ichi Life to infuse Rs 850 cr in five years

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Star Union Dai-ichi Life Insurance is planning to infuse an additional capital of Rs 850 crore in the next five years to expand its business operations for insurance products. Star Union Dai-ichi Life is a joint venture between Bank of India, Union Bank and Dai-chi Mutual Life. The insurer plans to add Rs 100 crore … Read more Star Union Dai-ichi Life to infuse Rs 850 cr in five years

Reserve Bank sees deepening of economic slowdown

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Reserve Bank of India (RBI) on Monday said that slowdown was deepening in the Indian economy as the main indicators of growth showed significant moderation in a report prepared by the banking regulator. ‘Macroeconomic outlook of the Indian Economy’, based on various business expectations surveys, continues to exhibit the persistence of less than normal sentiments’, … Read more Reserve Bank sees deepening of economic slowdown