INFOTECH / Impact due to exchange rate volatality, slower deal closures and inflation
US slowdown affects mid-size IT cos Mid-sized IT services and BPO companies are vulnerable to the adverse impact of US slowdown due to exchange rate volatility, slower deal closures, inflation and low billing rates than their bigger counterparts, a study said on Monday.
ECONOMY / Touches a six-year low
IIP sinks to 3 pc in March A slow performance of the manufacturing sector pulled down growth in industrial production to a six-year low of three per cent in March, compounding worries of the government and RBI that are trying to fight rising prices.
Bajaj, Renault & Nissan tie up for $2,500 car Bajaj Auto, Renault and Nissan, on Monday, announced that they have finalised the ultra low cost small car project expected to take on the Nano of Tata Motors.
RCom inks services JV with Alcatel-Lucent Reliance Communications, and NYSE listed Alcatel-Lucent, on Monday, announced forming a global joint venture to foray the fast growing $16 billion (Rs 64,000 crore) managed network services industry across the globe.
RIM unveils new speedier BlackBerry Research In Motion Ltd, on Monday, unveiled a BlackBerry phone with quicker Web browsing and more room for songs and videos.
A member of a non government organization protests against soaring oil prices in front of a gas station in suburban Manila in
Philippines on Sunday.AFP
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