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Change of guard at TCS today
Natarajan Chandrasekaran (called Chandra by colleagues and friends) will take charge as the managing director and chief executive officer (MD & CEO) of India’s largest information technology services provider, Tata Consultancy Services (TCS), from S Ramadorai tomorrow. He’s the third in the line of TCS’ CEOs, after F C Kohli and Ramadorai.

Procter & Gamble in talks to buy Sara Lee brands
Procter & Gamble, the maker of Pampers diapers and Pantene shampoo, is in talks to buy part of Sara Lee Corp’s international household products unit, according to people familiar with the discussions.

News of the day

Surveillance devices need to keep pace with terrorist ploys
Terrorist attacks are becoming increasingly sophisticated and consistently exploiting India’s gaping security loopholes — both on terra firma and in cyberspace. AK-47s and M-series weapons apart, the attack on India’s financial capital Mumbai revealed that militants not only use emails and exploit wireless technologies but also use satellite phones (satphones) and Global Positioning System (GPS) maps to chart their entry and escape routes.
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Asian markets surge to 17-month high

Asian markets surged to 17-month highs today. The Hang Seng jumped 456 points (2%) to 22,280. The Nikkei added 27 points to 10,682. - Work in the cloud - Asian markets in green; Nikkei jumps - Oil touches $80 on better US economy - Two major tax reforms to give edge to Indian businesses - "2010 is going to be a difficult year" - Asian stocks rise on China growth optimism The Shanghai Composite moved up 15 points to 3,277. The Straits Times advanced 23 points (1%) to 2,918. The Taiwan Weighted was flat at 8,211. The Seoul Composite slipped marginally to 1,691. __________________________________________________ (Updated at 0803 hrs) The Asian markets have started on a strong footing, in line with their US counterparts. The Hang Seng is quoting at 21,990, higher by 167 points or 0.7% and the Nikkei is at 10,756, stronger by 101 points or 0.9%. Straits Times is at 2,909, firmer by 14 points or 0.5% and the Shanghai Composite is at 3,277, up 14 points or 0.4%. On the other hand, the Seoul Composite is trading down 5 points or 0.3% at 1,690 and the Taiwan Weighted is at 8,167, lower by 40 points or 0.4%.


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