Market turmoil costs investors $100 bn Barely 40 days into the new year and India Inc has seen its market value eroded by more than Rs 4,00,000 crore amid turbulent stock market conditions.
BHEL bags order worth Rs 3,390 crore in UP State-run Bharat Heavy Electricals Ltd won a Rs 3,390-crore order for setting up of two units of 500 MW each at Anpara thermal power station in Uttar Pradesh.
IT sector may be hit if STPI scheme is not extended: ESC The Indian IT sector, which has been reeling under pressure due to rupee appreciation, may again hit a roadblock if the government does not extend the Software Technology Parks of India (STPI) scheme beyond 2009.
A Worker prepares a stand of the Mobile World Congress in Barcelona, on Sunday. The Mobile World Congress will be held from 11 to 14 February 2008. AFP
Is the slowdown of the US economy going to adversely impact the IT sector in India? Is there a way the industry can still sustain its growth? We asked our readers for their opinion and suggestions.
Most agreed that IT companies were certainly going to feel the pinch, and added that it was the hiring policies of these companies that were to be blamed.
There were others who were optimistic and said all was not lost as business could be diverted to new territories.
