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Bad loans peak for Barclays India unit

The bank, which completes three years of Indian operations this month, witnessed net bad loans surge to 6.37 percent of total loans at September end as it focused on the mass market

India needs 5 Lakh project managers: PMI

As many as 591 projects, each more than Rs. 100 crore were being executed in the country and it required a great number of project managers to finish them on time.

Emirates reports a 165 percent rise in half-year profits

Emirates airline has announced a net profit of $205 million for the first six months of the current financial year, which ended on September 30, 2009.

Sudha Murthy sells shares to fund Catamaran

Sudha Murthy, wife of Infosys Technologies Co-founder N.R. Narayana Murthy, sold two million shares of her holding in the IT bellwether for over Rs.430 crore. Her holding in the company has now declined to 7,314,600 shares from 9,314,660 shares.

NASSCOM India Innovation Fund achieves its first closing

The NASSCOM India Innovation Fund (IIF) which has been promoted by NASSCOM and ICICI Knowledge Park (IKP) has achieved its first closing corpus of Rs. 40 crores.

Sales hit as salespersons only sell for commission

The latest survey by Grass Roots Group reveals that technology and consumer electronic majors in India may be losing up to Rs. 84 lakh per store annually due to wrong business practices.

Kingfisher to lay off around 100 pilots

100 pilots will be sacked by Kingfisher Airlines, on grounds of huge business losses and capacity reduction. These pilots were already working on 80 percent salary cut.

Outsourcing rise as global banks expand captives

India stands as a favourite destination for these firms among Asia, Europe and Latin America, as companies like Wells Fargo, Ingersoll Rand and Standard Chartered are setting up their back office centres in India.

ICAI gives clean chit to PwC in Satyam Scam

The Delhi based franchise of PwC had approached the Delhi High Court looking for avoiding the proceedings against it after the Satyam scam.

Indian software market to grow at 28 percent during 2008-12

During 2008-2012, the IT market in the Indian retail sector is likely to grow at an estimated compound annual growth rate (CAGR) of 23 percent; reaching $1.4 billion by 2012.

Mahindra Satyam inks pact with Saab for defence solutions

IT firm Mahindra Satyam is likely to collaborate with Swedish defence firm Saab to develop applications and technology in India for the defence and security market.

Cognizant net profit up 21 percent in Q3

Cognizant Technology Solutions reported a 21 percent growth in net profit for the quarter ended September 30, 2009, to $136.6 million compared with $112.8 million during the corresponding period a year ago.

Posiflex Technologies acquires Protocol Solutions

Posiflex Technology, a manufacturer of Point of Sale (POS) terminals, has announced to set up its own subsidiary in India with acquiring a majority stake in Bangalore based Protocol Solutions.

Pirated Windows 7 generates $100,000 in India

About 50,000 pirated DVDs of Microsoft Windows 7 are estimated to have been sold here since the official launch on Oct 22, generating unaccounted business of around Rs.50 lakh (nearly $100,000).

CII to develop green rating systems for firms

The Indian companies will have to record minimum of 400 points out of 1,000 to be able to participate in the rating system developed by CII, as these companies will be 'green certified' by the state and central pollution control boards.

Indian CIOs better than their global peers in innovation

India's top enterprises are better than global peers when it comes to using technology to drive innovation and launch disruptive business models. The CIOs at companies such as Maruti Suzuki and many others plan to explore new ways of doing business.

BSE-500 firms' performance below expectation in Q2

An analysis of second quarter results of BSE-500 companies shows that the picture is not as bright as it was expected.

Aspiring for an IT job? Peanuts is what you will be paid

One may boast of being employed in IT in the current scene, however they have to work twice as much for getting an interview and the annual salary is peanuts compared to earlier days

Capgemini will set information management centre

The Paris based IT consulting and services firm Capgemini is setting up a centre of excellence for its Business Information Management unit (BIM). The centre will employ 1,000 specialists.

Industrial sector to become net hirer in Q4

After sharp job cuts in the first half of 2009, the industrial sector is set to become a net hirer in the Q4 (October-December).