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Posted by :
NAUGHTY007
dear marketman put ur msg in proper forum
hold the infy with stop loss at 2370-book part profits at 2420...
ICICI Bank target=1000....
Posted by : marketmanThe stock most aggressive bank in india is looking good and can easily acheve target of four digit mark soon.......
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Posted by : NAUGHTY007the share will bounceback tommorow by at least Rs20-25...
RESISTANCE N SUPPORT LEVEL FOR 17.11.09
Posted by : sankarantpr
RESISTANCE N SUPPORT LEVEL FOR 17.11.09
R1 2373.20 R2 2393.60 R3 2412.60
PIVOT 2354.20
S1 2333.80 S2 2314.80 S3 2294.40...
RESISTANCE N SUPPORT LEVEL FOR 16.11.09
Posted by : sankarantpr
RESISTANCE N SUPPORT LEVEL FOR 16.11.09
R1 2383 R2 2410 R3 2445
PIVOT 2348
S1 2321 S2 2286 S3 2259...
Hold INFOSYS with stoploss 2250
Posted by :
srisri223
Hold INFOSYS with stoploss 2250/- for target of 2420.
visit STOCKDREAMS dot BLOGSPOT dot COM...
all technology running , infosys sleeping
Posted by : dipakgodi think technology share complete his rally....
Establishing a sub-sidy in U S
Posted by : rvk41
Infosys Technologies has established a separate subsidiary in the US for serving government and healthcare customers locally and cope
with American laws that prohibit offshoring of sensitive citizen data, a top company official told financial analysts last month.
With America poised to spend over $100 billion on modernisation of the country’s healthcare and other government systems, tech firms, including TCS, Infosys and Wipro, are attempting to expand their local operations for addressing this lucrative opportunity.
“We have set up a subsidiary. We have looked at a CEO who will be joining the subsidiary anytime now, may be in the next couple of days,” SD Shibulal, one of the Infosys founders and company’s chief operating officer, said last month. “Through that (subsidiary) we will be addressing the healthcare spend in the US,” he added. Indian tech firms plan to challenge global rivals IBM, EDS and Accenture in their home markets by establishing stronger presence in the US and hiring more local consultants. Many governments insist on delivery of projects locally in order to avoid a mass public backlash and also ensure that the sensitive citizen data remain in their countries.
When contacted by ET on Thursday, an Infosys spokeswoman confirmed the development. Experts such as Siddharth A Pai, partner & MD, TPI India — a sourcing advisory firm, said the US federal government is a huge market for delivering pension and healthcare-related services.
“The question is of employment. If a subsidiary like this creates a significant employment, then there is a chance of bagging business deals from the US government,” Mr Pai said. “However, if a subsidiary like this is just a corporate structure and creates no employment, then it is difficult to get business,” he added.
Both Infosys and Wipro have started hiring consultants and experts from government organisations apart from investing more in marketing efforts in order to chase government outsourcing opportunities better. According to a recent Nasscom research, governments of developed countries spent nearly $160 billion on technology services last year — behind only financial services and manufacturing customers.
Wipro Technologies, for example, has already announced its plans of setting up a development centre in Atlanta, US, with initial plans of having around 200 people and scaling up to 500 over the next couple of years. Similarly, TCS recently announced it has scaled up its development centre in Cincinnati, Ohio, to 300 people providing BPO and engineering services
For information,with regards
rvk41...
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Posted by : NAUGHTY007at least a small breakout-lets hope for the best -will it cross 2500 levels?...
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Posted by : dipakgod
The back-office services unit of Infosys Technologies Ltd, India`s No. 2 software exporter, will acquire US-based McCamish Systems for an upfront payment of $38 million to boost its service offerings.
Infosys BPO will pay an additional $20 million to the sellers on meeting certain financial targets, its Chief Executive Amitabh Chaudhry said, but declined to disclose the targets that have been set.
McCamish Systems, which posted $38.2 million in revenue in 2008, provides business process outsourcing solutions to the insurance and financial services companies in the United States. It counts 10 of the 20 top insurers among its clients.
"This acquisition gives us the ability to pitch for bigger deals in the insurance sector," Chaudhry said. He said the deal would be completed later this year and revenue would start flowing from January.
Shares in Infosys, which the market values at $29 billion, were up 0.5 per cent at 2,319.95 rupees by 0655 GMT in a flat market. The stock had risen 1.7 per cent in opening deals.
McCamish has 260 staff, and Chaudhry said the employees would become part of Bangalore-headquartered Infosys BPO, whose offerings include finance and accounting, human resource and legal services outsourcing.
Indian outsourcing firms have thrived by providing Western firms with services such as processing insurance claims, managing payrolls and customer support.
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all technology running , infosys sleeping
Posted by :
stockkmaster
all technology stocks running , but infosys sleeping !!
why so ???...
Technology partnership
Posted by : rvk41
Infosys Technologies and U.S.-based NVIDIA announced a technology partnership centered around NVIDIA’s intellectual property in high-speed parallel computing. To mark the alliance, an Infosys-NVIDIA technology centre has been set up at the Infosys campus.
NVIDIA’s CUDA technology was considered an advancement in parallel computing architecture, aiding high performance, NVIDIA co-founder and CEO Jen-Hsun Huang told reporters here. CUDA was designed to allow application developers to tap unexploited power potential for a graphics processing unit (GPU).
``CUDA could multiply by fifty times the capability of a computer and reduce run time to the advantage of user enterprises”, Mr Huang claimed. NVIDIA has design facilities in Pune, Hyderabad and Bangalore. Infosys Vice-President Subu Goparaju said investment in the centre was mainly in the form of high technology from NVIDIA.
For information,with regards
rvk41...
Acqurires McCamiish
Posted by : rvk41
Infosys BPO, the business processing outsourcing subsidiary of Infosys Technologies, inked a definitive agreement to acquire all of the outstanding interests of McCamish Systems, a premier business process solutions provider, based in Atlanta, Georgia in the United States. The acquisition is expected to be completed later this year subject to the satisfaction of certain closing conditions.
The upfront consideration for the deal is USD 38 million with up to an additional USD 20 million payable to the sellers if McCamish Systems achieves certain financial targets in the future. The acquisition is expected to enhance the capability of Infosys to deliver end-to-end business solutions for the insurance and financial services industries.
Founded in 1985, McCamish Systems provides innovative solutions to the insurance and financial services industries leveraging their proprietary VPAS®, PMACS and Deferral+® platforms. Consistently rated among the top platforms in the industry, VPAS® supports both traditional and non-traditional life insurance and annuities.
For information,with regards
rvk41
...
Infosys BPO Signs Definitive Agreement
Posted by : pms.swastika
Infosys BPO Signs Definitive Agreement
Infosys BPO Signs Definitive Agreement to Acquire US-Based Insurance Business Process Solutions Provider, McCamish Systems.
Regards
Swastika PMS...
NSE Announcements on Infosys
Posted by : MMB MessengerInfosys Technologies Ltd. has informed the Exchange regarding a press release dated November 12, 2009, titled "Infosys BPO Signs Definitive Agreement to Acquire US-Based Insurance Business Process Solutions Provider, McCamish Systems". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
