Stock market analysts have maintained ‘buy’ rating on Infosys stock with an intraday target of 1585.

According to them, interested traders can purchase the stock above Rs 1565 with a strict stop loss of Rs 1525. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1590.
 

In the coming three years, 24,600 employees working in Hewlett-Packard (HP), will lose their jobs, for the company has joined operations with Electronic Data Systems, which is basically a technology services company acquired by HP recently. The news came last night and it will account in cut of nearly 8% of the employees.

HP confirmed after the markets were closed yesterday that the employees working within the ranks of EDS will suffer most of the job cuts whereas half of them would get jobs in the US.

Earlier HP had not clarified as to how many employees of both the companies will lose their jobs. HP had 178,000 staff and EDS had 142,000 before the agreement was signed between the two companies.

Satyam Computer has received a SAP implementation order form Oman-based Khimji Ramdas LLC (KR) standardizes. Satyam is the fourth largest software exporter of India.

Country's fourth largest software exporter Satyam Computer Services has informed that it has secured a SAP implementation contract from Oman-based Khimji Ramdas LLC, one of the largest business conglomerates in Oman.

Under the terms of the agreement, Satyam will execute several SAP business solutions in areas such as Finance and Controlling, Treasury Management, Materials Management, Sales and Distribution, Project Systems, Customer Service, HR Payroll, HR Administration Merchandising and Assortment planning, GM SAP Point of Sale and DSD module for VAN sales.