HCL Technologies 7 year IT Outsourcing deal with Readers Digest

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HCL Technologies, a leading global IT services prouder, has entered into a seven-year total IT Outsourcing Services engagement with The Readers Digest Association Inc (RDA), a global multi-brand media and marketing company. The value of the agreement is estimated to be approximately $350 million and the scope of this complex transformational includes applications development and … Read more HCL Technologies 7 year IT Outsourcing deal with Readers Digest

LIC likely to ink bancassurance agreement with PNB

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Life Insurance Corporation of India (LIC) is planning to enter into a bancassurance agreement with Punjab National Bank (PNB). Under bancassurance model, the insurance products of the insurer are sold by the bank.As per the deal, PNB would distribute LIC’s products through its 4,000-plus branch network across the country. Private and public life insurers are … Read more LIC likely to ink bancassurance agreement with PNB

Falling IIP – Industry Building Inventory ?

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India’s Industrial Production (IIP) growth has fallen sharply from its FY08 8.5% levels, and is flat over Jan-Feb 09, it is holding up substantially better than peers. Higher inventory levels should suggest increased corporate borrowing. Another 18 year analysis suggests: Bank credit growth precedes/rises with inventory expansion – credit growth is currently falling, Bank credit … Read more Falling IIP – Industry Building Inventory ?

Govt websites to be made accessible to visually impaired

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Soon all government websites will be made accessible to the visually impaired with the Information Technology ministry announcing that all official websites would soon be Web Content Accessibility Guidelines (WCAG), 2.0 Level 1 compliant The guidelines set by the World Wide Web Consortium (W3C), has legislative support in several countries which make it mandatory for … Read more Govt websites to be made accessible to visually impaired