TNM

Wipro To Acquire Citi IT Arm For $127 Million

Wipro, CitigroupIndian software and outsourcing giant Wipro Technologies, is all set to buy the IT arm of Citigroup for around $127 million. Citi Technology Services deals with IT services and solutions of City group's Indian operations.

Citigroup would outsource all future infrastructure management contracts to Wipro. The Indian firm would also absorb about 2000 employees of City in its Mumbai and Chennai offices. It would provide all infrastructure and development related aids to the bank for six years, to assure revenue of at least $500 million.

Maruti To Commence A-Star Shipping To Nissan In Q4FY09

Maruti To Commence A-Star Shipping To Nissan In Q4FY09 Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.

However, Maruti Suzuki India Managing Director, Shinzo Nakanishi said that the company was yet to agree on the exact number of cars it would supply to Nissan.

Nakanishi also indicated that if the market condition does not improve then the company may consider production cut.

World Bank Bans Satyam For 8 Years

World Bank Bans Satyam For 8 Years The World Bank has decided to ban, India's top computer software services provider Satyam Computer, for eight years, starting from September this year. The company has been charged with the data theft and paying bribes to its staff for its vested interests. The bank has decided to snap all business ties with the computer giant, following a flood of complaints.

Hayden To Review His Future After South Africa Test Series

Hayden To Review His Future After South Africa Test SeriesOpening batsman Matthew Hayden has indicated that he may review his future with Australia after the series with South Africa but stressed "I`m not anywhere near" retirement and any decision on his future would be based on his performances.

Bhaichung Bhutia Is Declared As The AIFF Player Of The Year!

Bhaichung Bhutia Is Declared As The AIFF Player Of The Year! Bhaichung Bhutia, the outstanding striker of the Indian team, has been chosen as the `player of the year' (2008) by the All India Football Federation (AIFF).

Speaking on this, an elated Bhutia said, “I feel honoured, I feel humbled.”

“It was great leading India to the AFC Challenge Cup title. Overall it has been a very productive year,” Bhutia said.

ICC Hold Talks With ICL

ICC Hold Talks With ICLFormer BCCI president and the current ICC Vice-President Sharad Pawar along with ICC president David Morgan and CEO Haroon Lorgat met rebel Indian Cricket League (ICL) chief Subhash Chandra in New Delhi on Monday evening.

ICL wants ICC to recognize it as an official league. From the very beginning, the BCCI had adopted a hard-line approach against the ICL, barring Indian cricketers associated with the league from accessing even their local college grounds. It also used its significant influence within the ICC to ensure other national boards imposed similar bans on ICL cricketers and officials.

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