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US markets end marginally lower
The US markets had an unspectacular day of trade. Dow Jones closed at 10,426.30, lower by 11.11 points or 0.11%, Nasdaq ended at 2193.14, weaker by 10.64 points or 0.48%, and S&P shut at 1109.8, down 0.52 points or 0.05%.

SBI Canada's biz grows by 22% in 2008-09
Despite the global economic slowdown, State Bank of India (Canada), a subsidiary of SBI, saw an overall business growth of 22 per cent in July 2008 to June 2009, although its profit slightly went down, a top bank official said here on Thursday.

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Coimbatore units more open to equity tie-ups
Entrepreneurs in this traditional town of family- managed companies, popularly known as the Manchester of south India, are now more open to entering into equity collaborations with both domestic and international partners.
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HCL Info announces strategy for channel partners, SMEs

IT firm HCL Infosystems today said it has divided its channel partners to serve its small and medium enterprise (SME) customers in a better way. - Infosys, Nvidia to jointly set up technology centre - ICAI to withdraw proceedings against PW Delhi - Cognizant Q3 income up 21% at $136.57 mn - HCL Info net down 11% - HCL Infosystems Q2 net down 11% to Rs 59 cr - HCL Infosystem profit falls 11% at Rs 59 cr "Through the Enterprise Commercial Channel (ECC) initiative, HCL further equips the partners with ability to provide their customers differentiated technology offerings and built to order customised configurations," HCL Infosystems said in a statement. HCL will redistribute the focus areas for channel business into three broad categories -- Strategic Business partners, Business Partners and Registered Resellers. The initiative will enable channel partners to take HCL"s entire suite of ICT solutions to end-customers. Channel partners will be eligible for specialised pre-sales and post-sales support, joint lead addressals, incentives, training, access to partner sections on the website and extensive marketing support, it said. "With this strategic approach, we will be able to address the upcoming SMB market a lot better and are confident that this strategy will prove to be a win–win situation for customers, channel partners and HCL," HCL Infosystems Executive Vice-President George Paul said. HCL Infosystems plans to work with 100 strategic business partners and 400 channel partners. Channel partner refers to firms marketing and selling manufacturer"s products, services or technologies.


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