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IBM, Amul ink 10-year strategic outsourcing deal
IBM today said it has entered into a 10-year strategic outsourcing deal of over Rs 80 crore with the Gujarat Cooperative Milk Marketing Federation (Amul).

Motif eyes SEZ space for new centre
California-based BPO and KPO service company, which has operations in Ahmedabad, India and Manila, Philippines, is mulling expansion of its Indian operations in Gujarat by setting up a new service centre. However, the company is considering options among some of the upcoming special economic zones (SEZ) in the state.

News of the day

Hindutva party?
The BJP has often rubbished its critics who said reciting Vande Mataram was a non-secular act. Ironical then, that at a recent function organised by the BJP, the emcee was the only one who got the stanzas mixed up. All chartered accountants at the function on the direct taxes code organised by the BJP managed to sing the song in the correct order. After the first stanza, however, the emcee jumped to the last stanza while the audience continued to sing it in the correct order.
Business Ideas

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%. - Oil rises further in Asian trade - US markets close in the green - US market ends firm; MTNL ADR up 3% - US markets ends higher on strong retail news - US markets drop on energy shares - US markets gain on strong data, growth forecast The Indian ADRs ended on a mixed note. On the loser"s side, HDFC shut at $134, down $2.62 points or 1.92%, MTNL ended at $3.31,lower by $0.04 points or 1.19%, and Dr Reddy"s closed at $23.97, down by $0.33 points or 1.36% Infosys ended at $52.05, weaker by $0.52 points or 0.99%, and Satyam closed at $5.15, down $0.05 points or 0.96%. The winners included Tata Motors (stronger by $0.13 points or 0.94% at $13.99), Tata Communications (higher by $0.06 points or 0.38% at $15.99) and Wipro (up $0.10 points or 0.49% at $20.50).


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