Obama’s Protectionist Policies – Impact on Indian IT

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US President Obama’s remark, …to restore a basic sense of fairness to the tax code, eliminating incentives for companies that ship jobs overseas. Aditionally, new H-1B visa restrictions require financial services firms getting money under TARP to comply with new rules. What does the Indian industry think?  Industry is concerned on the direction in which … Read more Obama’s Protectionist Policies – Impact on Indian IT

HCL Technologies emerges as lowest bidder for BSNL contract

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HCL Technologies, one of the biggest IT companies of the country, has emerged as the lowest for the enterprise resource planning (ERP) project of Bharat Sanchar Nigam (BSNL) with a quote of Rs 230 crore. BSNL had invited the bids in September last year for the ERP project, which consists of design, planning, supply, installation, … Read more HCL Technologies emerges as lowest bidder for BSNL contract

Sterlite Industries Management Take on Asarco acquisition

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Highlights of call Sterlite has announced that it has signed a new agreement with ASARCO LLC (Asarco), a Tucson based mining, smelting and refining company, for purchase of substantially all the operating assets of Asarco. The Company is acquiring the operating assets of the Company net of any liabilities so they would be free from … Read more Sterlite Industries Management Take on Asarco acquisition

A Week of collateral damage in Indian Equity

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The markets across the world have slipped to new multi-year lows on account of the deepening economic recession globally. In the USA, the economic realities have overshadowed the short-lived euphoria that was created by the rhetoric of the Obama administration. The Indian equity markets have also witnessed a sell-off in line with the meltdown in … Read more A Week of collateral damage in Indian Equity