Good News

Infosys to recruit 27,000 professionals by March

Infosys to recruit 27,000 professionals by MarchLeading IT exporter, Infosys Technology has announced to recruit around 27,000 professionals by March this year. The company seems encouraged from 33 per cent rise in profit in the third quarter of 2008-09.

Infosys also added new clients recently and has issued positive future guidance. Thus, more professionals are required to deliver efficient services to new and existing clients.

Day one draws Rs 7 lakh crore investment plans

Day one draws Rs 7 lakh crore investment plansThe four day long Vibrant Gujarat Global Investors Summit-2009 has started in Ahmedabad to discuss various business and investment issues. Top corporate icons may announce some investment plans in all economic sectors including oil and gas, power, infrastructure, ports ship-building and information technology at the submit.

Tech giants join hands, to promote education

Tech giants join hands, to promote education  It was today announced by Microsoft, Intel, and Cisco that they are working together to help ensure that proper standards are created for measuring digital literacy.

The three companies are making an effort to bring together a group of education leaders and academics in order to identify the characteristics that should form the basis of global standards, though they haven’t come up with the assessment criteria themselves.

Infosys net up 33% in Q3 at Rs 1,641 crore

Infosys net up 33% in Q3 at Rs 1,641 crore Infosys Technologies, India's second largest software services exporter, reported that the company was able to earn consolidated net profit of Rs 1,641 crore for the Q3 that ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago.

A release which was issued to BSE today by Infosys, said, “The Q3FY09 topline has increased 35.5% to Rs 5,786 crore from Rs 4,271 crore in Q3FY08, beating the recession blues which is clouding the global businesses.”

Industrial output growth up 2.4% in November

Industrial production posted 2.4 per cent growth in November 2008. Industrial output recorded negative growth in previous months, first time in 15 years.

Industrial Output growth rate was 4.9 per cent in the same month last year. It reported increase of 3.9 per cent for first eight months of current financial year as compared to 9.2 per cent in the same period of FY 2007-08.

Improvement in growth rate has been registered due to signs of recovery in industrial activity in second half of November and lower base effect in corresponding month last year helped to improve industrial output.

Tata Motors cancels temporary shut down of Jamshedpur plant

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