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TCS, Infosys, Wipro to report strong quarterly revenue
Information technology spending this year will grow faster than previously forecast, according to the research firm Gartner, which bodes well for…
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Top-tier IT Companies raise their Revenue Growth
The revenues of top-tier IT companies, excluding Wipro, are expected to grow at a strong 20% in dollar terms in the first quarter of the current…
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Micromax and Nazara ink pact for Mobile sGames
Nazara Technologies has entered into partnership with Micromax to embed games from publishers like Electronic Arts on the mobile handset maker's…
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Capgemini strengthens its BPO footprint in India with its new Gurgaon Facility
Capgemini has inaugurated its new Business Process Outsourcing (BPO) centre in Gurgaon. Spread across an area of 35,000 sq. ft., the new BPO faci…
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MTS to invest Rs.100 Crore in Karnataka
MTS plans to invest over Rs.100 crore for expansion of its business in Karnataka in FY'11. The Chief Operating Officer for Karnataka and Andhra P…
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Facebook set for $1 Billion in Social-Gaming Revenue
Facebook Inc is to generate $1 billion in revenue this year from social gaming. Most of the revenue is said to come from advertising. The $1-bill…
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EDP to ERP: A paradigm shift
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Lava to invest Rs.100 Crore in R&D this year
Lava plans to invest about Rs.100 crore this year to ramp up its R&D capabilities as it eyes a bigger share of the burgeoning Indian handset mark…
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KKR and TPG Back Off Bid for Nokia Unit
The withdrawal of KKR and TPG came as Nokia's chief executive, moved to counter a growing groundswell of opinion. US private equity groups KKR an…
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Citigroup Sells Buy-Out Portfolio to Axa
The US bank has agreed to sell 18 direct stakes in companies and a package of 207 investments. Citigroup has sold a $1.7bn private equity portfol…
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Sequoia Capital Invests $25M In Data Analytics Firm Mu Sigma
Chicago-based data analytics firm Mu Sigma has raised $25 million in Series C financing of $25 million from Sequoia Capital. Mu Sigma, which has…
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JustDial Raises $10M From Sequoia & SAP Ventures
Mumbai-based JustDial, which runs an India-specific local business listings site, has raised $10 million from Sequoia Capital Global Equities and…
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ABN AMRO Seeks India Bank Licence
ABN AMRO plans to re-enter India to revive its financing business. Dutch state-owned bank ABN AMRO has applied to the Reserve Bank of India for a…
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Asian Hedge Funds Hit Hard In May
Asian hedge funds may have lost up to two-thirds of their year-to-date gains in May alone, with strategies such as macro and CTA, which bet on lo…
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Aricent sells 17.63 Acre Gurgaon Land for Rs 206Cr
Aricent group, a telecommunications research and development firm, has sold a prime plot of land in Gurgaon to local real estate firm, Ambience D…
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Kavveri Telecom Raising Funds for New Acquisition; To Sell Stake
The company's board has okayed the fundraising by selling stake to institutional investors in India or abroad. Bahrain's TAIB Bank-backed Kavveri…
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