BusinessNewsTechnology

Anantara Pioneers Second Generation Outsourcing

May 16th, 2007

The global IT services and outsourcing industry is set to undergo a significant paradigm shift with the formation of a radical and innovative company — Anantara Solutions Private Limited. This new company is a pioneer of Second Generation Outsourcing that combines business consulting services and IT services to deliver unprecedented, measurable business value. Anantara Solutions […]


BusinessNewsNRI

SBI may float holding co to raise funds for subsidiaries

May 15th, 2007

The country’s largest bank, State Bank of India is looking at floating a holding company in line with the proposal by private bank ICICI Bank, the second-largest player after SBI. This was indicated by the SBI chairman, OP Bhatt speaking to analysts on Saturday evening. Responding to a query from an analyst, SBI chief said, […]



GeneralNewsNRI

New Delhi works to downplay H-1B issue

May 15th, 2007

India, worried that outsourcing of jobs could become an issue in the US presidential elections, is taking steps to ensure there is no repeat of 2004 when failed Democrat candidate John Kerry raised the bogey. “We have asked our diplomats and lobbyists to impress on potential presidential candidates to not make outsourcing a major issue,” […]


NewsPolitics

The Maran effect: Sun TV loses Rs 937 cr in market cap

May 15th, 2007

Sun TV Network’s market capitalisation dropped by Rs 936.54 crore in the last five trading sessions on BSE, reflecting investors’ concerns about the impact of recent political developments on the leading entertainment company. Sun TV’s market cap was above Rs 11,124.57 crore last Wednesday, and dropped to about Rs 10,188.02 crore on Tuesday. Sun TV’s […]


NewsPolitics

Wife of ‘Don’ : New DMK Minister for Centre

May 15th, 2007

In an attempt to appease the powerful Nadar community in Tamil Nadu, particularly in the wake of actor Sarath Kumar’s decision to float a political party, the DMK has picked 31-year-old Radhika Selvi, MP and widow of ‘don’ Venkatesa Pannayar, to be included in the Union Council of Ministers. An official announcement said that Selvi […]


MaduraiNewsPolitics

Final poll rolls for Madurai (West) today

May 15th, 2007

Chief Electoral Officer Naresh Gupta on Tuesday said that all necessary steps including deployment of Central paramilitary forces would be taken by the Election Commission (EC) to ensure a free and fair poll in the by-election for Madurai (West). The final rolls for the Madurai (West) segment would be published on Wednesday, he said. The […]


EducationNews

Wipro Infotech signs MoU with AMU

May 15th, 2007

Wipro Infotech announced the signing of a Memorandum of Understanding (MoU) with Centre for Distance Education of Aligarh Muslim University (AMU) in Aligarh to act as the strategic IT services partner for the Institute. Through the partnership, Aligarh Muslim University has engaged Wipro as the preferred IT partner for providing technology solutions and participating in […]


BusinessGeneralNews

Deutsche Bank turns to advisory service

May 15th, 2007

Deutsche Bank ambassador and former cricketer Sunil Gavaskar paid a visit to the Chennai branch of the bank to interact with its customers on Friday. He was accompanied by Asha Mathen, regional head, Business Clients, Deutsche Bank. As part of the interaction, Gavaskar and Mathen met the top customers and also visited the offices of […]


GeneralNewsPolitics

Dayanidhi Maran’s tenure saw Indian telecom’s growth blossom

May 14th, 2007

  Dayanidhi Maran’s proximity to DMK chief M. Karunanidhi secured IT and Communications Minister Dayanadhi Maran a berth in Prime Minister Manmohan Singh’s cabinet. And this proximity again cost him the job he landed in his very first term as an MP. For Maran, 40, the grand-nephew of Karunanidhi, politics was not the first choice […]


GeneralNewsPolitics

Why did Maran have to resign?

May 14th, 2007

  Communications and IT Minister Dayanidhi Maran had to resign from the union cabinet as he is said to be up against the women of DMK patriarch and Tamil Nadu’s Chief Minister M. Karunanidhi’s family. The women here would be Dayalu Ammal, mother of M.K. Azhagiri and M.K. Stalin – Karunanidhi’s sons, his ambitious daughter […]


NewsPolitics

Dayanidhi Maran, I won’t ask for reinstatement

May 14th, 2007

Communications and IT Minister Dayanidhi Maran, who resigned from the cabinet, said yesterday he would not become a minister again, even if he was offered, but insisted he would always remain a “DMK man”. Addressing a press conference here, Maran claimed that United Progressive Alliance (UPA) Chairperson Sonia Gandhi and Prime Minister Manmohan Singh were […]