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Cognizant announces senior-level promotions

Aug 21, 2014 at 21:32 | Source: Economic Times

IT services companies are doing all it takes to retain talent in a buoyant demand environment. After Infosys and Wipro, recently announced promotions and hikes for employees, NASDAQ-listed Cognizant on Wednesday rolled out promotions for senior leve...

Wall St flat ahead of Fed minutes; retailers resilient

Aug 20, 2014 at 23:33 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks were little changed Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors shrugged off bleak earnings forecasts from some retailers like Lowe's ...

Wall St inches up with Fed minutes on tap; retailers resilient

Aug 20, 2014 at 23:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks inched higher Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors brushed off bleak earnings forecasts from some retailers like Lowe's and Targ...

BlackBerry creates new unit for potential high-growth assets

Aug 19, 2014 at 13:27 | Source: Economic Times

TORONTO: BlackBerry Ltd said on Monday it has created a new unit to house what many consider to be among its most promising assets - cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices. The Canadian ...

IT firms may face trouble as delays in outsourcing contracts push deals farther away for cos

Aug 19, 2014 at 13:27 | Source: Economic Times

BANGALORE: Information technology outsourcing companies, including Indian software exporters, could be in for trouble as almost every second contract to be awarded during the first quarter of this fiscal year got pushed back, underlining the choppy d...

Alibaba chooses New York Stock Exchange over Nasdaq

Aug 13, 2014 at 12:07 | Source: BBC

The Chinese online retailer, Alibaba, will list its shares on the New York Stock Exchange (NYSE), rather than on the technology focused Nasdaq. Alibaba, which handles more than 80% of online retail transactions in China, plans to go public in the US ...

Cognizant enters $10bn club; April-June period revenue jumps to $2.5 billion

Aug 10, 2014 at 04:37 | Source: Economic Times

CHENNAI: The Teaneck, New Jersey-based Cognizant on Wednesday said its quarterly revenues for April-June period rose to $2.52 billion, in line with analyst expectations, up 16.5% from a year-ago period and 3.9% sequentially, joining the $10 billion a...

Markets nervous as Obama authorises Iraq air strikes

Aug 08, 2014 at 20:42 | Source: BBC

Stock markets have been rattled, while the prices of oil and gold have risen, as worries grow about the impact of conflicts in Iraq and Ukraine. Markets were hit by news that US President Barack Obama had authorised air strikes against Islamic milita...

After Flipkart's valuation soared to $7 billion, Dalal Street warms up to e-commerce players

Aug 08, 2014 at 12:27 | Source: Economic Times

MUMBAI: Dalal Street is warming up to e-commerce players big time; more so, after the valuation of unlisted online retailer Flipkart soared to $7 billion (Rs 43,064 crore). The fascination for such companies in the listed space is equally strong, wit...

Qualcomm accuses Chinese firms of misrepresenting sales

Jul 24, 2014 at 20:17 | Source: BBC

Smartphone chip giant Qualcomm is facing several setbacks in China, causing its share price to fall. The US firm has revealed that it believes several Chinese manufacturers are misrepresenting the number of devices they have made to reduce the patent...

EXL acquires management & tech consultancy firm Blue Slate

Jul 08, 2014 at 12:00 | Source: VC Circle

NASDAQ-listed Exl Service Holdings Inc (EXL), one of the top 10 BPO firms in India, has acquired New York-based Blue Slate Solutions, LLC, for an undisclosed amount, to expand its business process management capabilities. Blue Slate is a management&a...

The Facebook Prison Experiment

Jul 04, 2014 at 14:01 | Source: Wall Street Journal

The uproar over what the critics call Facebook's FB -0.24% Facebook Inc. Cl A U.S.: Nasdaq $66.29 -0.16 -0.24% July 3, 2014 1:01 pm Volume (Delayed 15m) : 24.97M AFTER HOURS $66.33 +0.04 +0.06% July 3, 2014 5:00 pm Volume (Delayed 15m):&n...

Wall Street opens higher after payrolls; Dow tops 17,000 for first time

Jul 03, 2014 at 21:12 | Source: Economic Times

NEW YORK: The Dow industrials broke above the 17,000 milestone on Thursday and the S&P 500 came within 1 per cent of piercing through 2,000 after the US unemployment rate fell to its lowest in almost six years and the American economy created many m...

Facebook Experiments Had Few Limits

Jul 03, 2014 at 08:00 | Source: Wall Street Journal

Facebook operating chief Sheryl Sandberg says the company's experiment on user emotions was 'poorly communicated.' Bloomberg News. Thousands of Facebook Inc. FB -2.37% Facebook Inc. Cl A U.S.: Nasdaq $66.45 -1.61 -2.37% July 2...

Wall St ends flat ahead of payrolls; S&P at record

Jul 03, 2014 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report.Trade was quiet, with vo...

Asia shares score three-year high on economic optimism

Jul 03, 2014 at 01:45 | Source: FirstPost

SYDNEY (Reuters) - Asian stocks scored a three-year peak on Wednesday in the wake of upbeat global economic data that whetted risk appetites and helped Wall Street taste all-time highs.Dealers said fund managers were rotating money out of bonds and i...

Wall Street flat after ADP as investors look to payrolls

Jul 03, 2014 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday as a positive read on private sector employment wasn't enough to get investors to keep buying ahead of the release of the closely watched June payrolls report on Thursday.The Dow was 0...

US Stocks Higher, Close to Another Record

Jul 02, 2014 at 22:01 | Source: Wall Street Journal

U.S. stocks made slight gains in morning trading, with the Dow Industrials near an intraday record of 17,000. The Dow Jones Industrial Average added 10 points, or 0.1%, to 16966. The S&P 500 inched up one point, or 0.1%, to 1975 and the Nasda...

Netherlands' Sanoma to transfer IT infrastructure support to Wipro

Jun 26, 2014 at 04:47 | Source: Economic Times

NEW DELHI: Netherlands-based Sanoma today said it will transfer its IT infrastructure and support to India's third largest software services firm Wipro as part of its 100 million euros cost-cutting programme. As part of the "centralisation" of servic...

Major events in my life linked to milestones at Infosys: S Gopalakrishnan

Jun 17, 2014 at 00:22 | Source: Economic Times

NEW DELHI: Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys. In a letter to over 1.6 lakh emp...

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