CA to give pink slips to 1,000 employees

CA to give pink slips to 1,000 employeesThe second largest manufacturer of software for mainframe computers, CA Inc. said on Tuesday that the company is going to lay-off 1,000 employees. It is forced to do so since the market conditions have not improved the way it had expected them to.

This makes it a reduction of 6.7 per cent in its total workforce. CA has in total 15,000 people working for it.

Besides that, the company has also faced with lower full-year profit for the year 2009. It was at the lowest possible end of its forecast and this is not a very good sign, the company further added.

AT&T to invest $1 billion on expansion

AT&T to invest $1 billion on expansionDallas-based company, AT&T said on Tuesday that it is going to spend nearly $1 billion in expanding its operations as well as reshaping its existing business.

The investment will be made throughout this year and would cover not only the US but also the other parts of the globe as well.

The company also said that it will be expanding its offerings for the small business in the US, so that they are able to grow.

Airtel comes out with musical ‘Airtel Talkies’

Airtel comes out with musical ‘Airtel Talkies’Looking at the huge potential that the mobile content business has got, telecom major, Bharti Airtel has decided to use this as a business opportunity.

On Monday, the company announced that it is coming up with a service which will be called ‘Airtel Talkies.’ This service is aimed at providing the customers with exclusive premier content of all the upcoming movie releases.

Corporate fraud is thriving in India: KPMG

Corporate fraud is thriving in India: KPMGThe dark is rising in corporate India as the latest ‘KPMG Fraud Survey Report 2010’ suggested testified that corporate frauds are on rise in the country. 75 per cent of the top level executives included in the survey accepted the fact.

Lucas to remake ‘Star Wars’ as animated series

LSD now comes on DVD

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News in Focus

HUL, HDFC Bank, TCS, Infosys and Kotak Mahindra Bank shine during the week

Indian stock market witnessed rally for the last three trading sessions and investors felt relief as many stocks had declined significantly.

Indian banks in public sector have been facing selling pressure as investors are concerned about high levels of non-performing assets.

Stock Markets have recovered this week after facing declines for five weeks, following Union Budget. The results season has offered surprises for investors in many counters.

After five weeks of consecutive decline markets post a rebound from technically oversold levels and cooling off in global markets selling pressure.

DABUR, BERGER PAINTS and KOTAK MAHINDRA BANK Stock Recommendations by CapitalAim

Indian markets have declined after Union Budget. Many stocks have declined and are available at good valuations for medium to long term investors.