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Indian Stock Market Closing Report : Tech stocks save the day

Fri, 23 Oct 2009 16:29:26 GMT

The fact that the Indian markets are not looking attractive from a near term perspective is not helping matters either. However, we believe that any deeper correction of such sort...[More...]

Indian Stock Market Closing Report : Infra Stocks Feel The Heat

Thu, 22 Oct 2009 18:45:42 GMT

Even the BSE Mid cap and Small cap indices were not spared today as they edged lower by 2% each.[More...]

Indian Stock Market Closing Report : IT, Banking Lead The Surge

Mon, 12 Oct 2009 16:21:49 GMT

While the markets were in a positive mood right from the beginning, the announcement of the IIP numbers during the latter half of the day took the stock markets ...[More...]

Infoysys (INFY) Ups Full Year Forecast, Points To US Recovery

Fri, 09 Oct 2009 13:46:33 GMT

Indian software & services giant Infosys has announced its results for Q2 2009 & has correspondingly raised its forecast for 2010 due to improved business from customers in the U.S.[More...]

Daily Highlights: 10/9/09

Fri, 09 Oct 2009 13:18:02 GMT

Asian stock markets rose Friday on US gains, with resource and energy stocks leading.Bernanke says Fed ready to tighten monetary policy when economy improves.Dollar rises for first time in 5 days after Bernanke says Fed ready to 'tighten' policy.Initial Jobless claims in US decrease 33,000 to 10-month low of 521,000.Japan Machine Orders increased 0.5% in August, rebounding from record low.[More...]

Earnings Preview For Oct 5 - 9 - Earnings Preview

Fri, 02 Oct 2009 18:08:23 GMT

Third-quarter earnings season officially starts on Wednesday afternoon with Alcoa's (AA) report. The aluminum maker is expected to announce revenues of $4.5 billion and a loss of 11 cents per share. The results will look awful compared to last year because the commodity bubble peaked in Q308.[More...]

Investing In Emerging Markets: Three Reasons Why You Should Buy India, Not China

Fri, 02 Oct 2009 15:48:47 GMT

India has come a long way since 1997. The year marked my first trip to the country – and I remember it well, as I headed back to America with a resounding "sell" ringing in my ears with regard to India's investments.[More...]

Indian Stock Market Closing Report : Sensex Breaches 16-Month High

Tue, 22 Sep 2009 12:52:08 GMT

While the BSE Sensex ended the day up around 145 points (1%), NSE Nifty edged higher by around 44 points (1%). The BSE Midcap and Smallcap indices also registered strong gains...[More...]

Partnerships And Mergers Updates : Wipro Partners with BP, Endo Buys US Rights to Fortesta, Siemens Buys China Metal, Google's Search for Italian Solution

Fri, 28 Aug 2009 18:10:58 GMT

Wipro Technologies, the IT services business of Wipro Ltd. (WIT) announced that it has entered into a five year agreement with BP Plc. (BP) to provide IT Applications Development and Maintenance services for BP’s Fuels Value Chain and Corporate businesses across the globe. Endo Pharmaceuticals (ENDP) signed an agreement with UK-based ProStrakan Group Plc to acquire exclusive rights to commercialize Fortesta in the U.S., where the product is currently under Food and Drug Administration (FDA) review. Siemens Energy, a division of Siemens AG (SI), acquired the majority holding in the Chinese metalworking company Yangtze Delta Manufacturing and the Chinese aluminum foundry GISAP (GIS Steel & Aluminium Products), both headquartered in Hangzhou. The Italian Federation of Newspaper Publishers recently filed an anti-trust complaint against Google Inc. (GOOG). This prompted the Italian Competition Authority to search Google’s Milan offices on Thursday, pursuant to a probe that was ini[More...]

Infosys Beats Estimates

Fri, 10 Jul 2009 20:40:50 GMT

Infosys (INFY) has exceeded our revenue and earnings estimates for the first quarter of 2010. Total revenues went up by 1.6% year over year in the quarter, while earnings per share increased by 1.9% year over year. Infosys continues to win transformational deals, solution-based engagements and systems integration projects. Clients are leveraging Infosys’ industry expertise on projects directed at gaining a competitive advantage. Infosys’ consulting services is also contributing to growth. Corporations are benefiting from Infosys’ engineering services, particularly its Product Lifecycle Management (PLM) expertise. Infosys continues to strengthen its position in the banking and capital markets sector. In the first quarter, the company launched the Finacle direct banking solution -- a comprehensive solution that[More...]

Stocks Finish Mixed

Mon, 13 Jul 2009 14:53:00 GMT

U.S. stocks closed mixed Friday, with tech shares outpacing the broader market in light trading.
On Friday, the 30-stock Dow Jones industrial average ended lower by 36.65 points, or 0.45%, at 8,146.52.
On the New York Stock Exchange, 15 stocks were lower in price for every 14 that were higher.

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India Budget Disappoints Investors

Tue, 07 Jul 2009 15:03:00 GMT

Trapped between a stuttering economy and a spiraling deficit, India's newly reelected government of Prime Minister Manmohan Singh decided on July 6 to toe a middle path, with Finance Minister Pranab Mukherjee presenting a budget that disappointed an over-eager stock market and provided little clarity on the future of reforms that have driven the country's economic growth in the past.
Instead, the government decided to tinker with tax rates, pledge increased spending in infrastructure, and borrow heavily from domestic markets to spend in rural areas, which make up more than 60% of India's population and 46% of its gross domestic product.
Investors immediately showed their disappointment.

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Seattle Times Brier Dudley Column: Outsourcing Giant Thinks Big in Bellevue

Thu, 21 May 2009 15:07:00 GMT

May 21--Excerpts from the blog
Bangalore-based outsourcing giant Infosys is hiring -- in Bellevue.
The company plans to add more than 100 new employees as part of a big U.S. expansion in anticipation of growth resuming in 2010.

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India: Fresh Opportunities for Investors

Tue, 19 May 2009 15:00:00 GMT

Until a game-changing election on May 16, India had been a laggard among Asia's markets, which have been advancing at a fairly strong clip since earlier this year.
The news drove the Indian equity benchmark Sensitive Index, or Sensex, up 17.3% on May 18 and has people taking a closer look at investment opportunities on the subcontinent.
Those opportunities are abundant, ranging from financial services to infrastructure to consumer goods and private education, says William Nobrega, a managing partner at Miami-based Conrad Group, which provides business consulting and investment banking services.

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Infosys Q4 Sales Drop to $1.1 Billion As Outsourcing Demand Falters

Thu, 16 Apr 2009 09:50:00 GMT

Indian IT services vendor Infosys Technologies has reported a 3% increase in net income to $321m for the fourth quarter 2009, compared to $313m in the year-ago quarter, on revenue down 2% at $1.12 billion.
The decrease in revenue was attributed to the decline in outsourcing demand from overseas clients due to the global economic downturn.
The company added 37 clients during the quarter.

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Infy Beats US Turmoil With 33% Gain in Net

Thu, 15 Jan 2009 02:50:00 GMT

BANGALORE: Finally, a spot of relief in an otherwise gloomy market.
Infosys Technologies on Tuesday announced that its net profit in the third quarter rose by 33%, higher than what many analysts had anticipated.
The company's stock price rose by over 7% over the day on the back of the results, and the expectation that the troubles in Satyam Computer would encourage customers to move to companies like Infosys that have a reputation for good corporate governance.

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Infosys Posts Strong Q3

Wed, 14 Jan 2009 09:51:00 GMT

IT services company Infosys Technologies has reported a 33% increase in net income to $336m for the third quarter 2009, compared to net income of $252m in the year-ago quarter, on revenue up 35% at $1.18 billion.
Operating profit grew 46% to $416m from $285m in the same quarter last year.
The India-based company said revenue from financial services grew 29% year-on-year to $414m, while manufacturing services revenue surged 82% to $232m, and telecom services revenue rose 7.5% to $198.6m.

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Multinationals May Be Satyam Winners

Tue, 13 Jan 2009 16:54:00 GMT

Jan. 13--Accenture and IBM could be winners from the massive fraud at Indian outsourcing firm Satyam.
Companies seeking to outsource operations such as handling customer calls or testing software may turn to the multinational firms due to worries about working with smaller Indian companies.
But Indian computer services company Infosys Technologies, which unveiled a 33 percent third-quarter profit rise today, also expects to benefit.

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AME Info, Abu Dhabi, United Arab Emirates, Technology Briefs - Jan 13 2009 12:02PM

Tue, 13 Jan 2009 15:57:00 GMT

Jan. 13--SONY SHARES TUMBLE: Sony shares fell sharply on Tuesday amid reports that the electronics giant is set to post its first annual operating loss in 14 years because of a drop in demand and a strong yen, reported AFP.
Sony is expected to post an operating loss of 100 billion yen ($1.12bn) for the financial year to March 2009, the Nikkei business daily reported.
INFOSYS Q3 PROFIT UP 33 PERCENT: Infosys Technologies, India's No.2 software services exporter, reported a one-third rise in quarterly profit on Tuesday, but cut its annual forecast, Reuters has reported.

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Youth Caravan on Mission Against Climate Change

Tue, 06 Jan 2009 02:47:00 GMT

Bangalore: A group of individuals from across India and around the world have set out on a journey for the cause of environment, eco solutions and empowerment of youth as part of a campaign against climate change.
The road tour, organized by the Indian Youth Climate Network (IYCN), reached Bangalore on Sunday, bringing along solutions to climate change in India.
The caravan and a solar-powered music band will wind its way through over 3,500 km in solar-powered electric cars and alternative fuel-driven buses through 15 major cities towards its final destination New Delhi where they will reach on February 4.

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BAI & Finacle Launch Banking Confidence Index to Measure Consumer Sentiment

Tue, 27 Oct 2009 14:47:00 GMT

Financial services information and intelligence provider BAI has put a finger on the pulse of the banking industry and its findings come today in the form of a new economic measure -- the BAI & Finacle Banking Confidence Index.
The new index, sponsored by NewGround, looks at the extent to which upheaval in the financial services industry in the last six months has affected consumers' views across five areas: Financial Stress and the Economy; Access to Credit; Managing Personal Finances; Consumer Trust; and, Fees & Disclosure.
"In today's fast-changing scenario, consumer opinion counts more than ever before and technology has made the consumer highly empowered," said Haragopal Mangipudi, global head -- Finacle, Infosys Technologies Ltd. "Presented with diverse and ever-dynamic consumer segments, banks need to anticipate changing requirements and fine-tune business strategy.

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BP Awards Large Deal to Infosys Technologies

Wed, 26 Aug 2009 12:41:00 GMT

BP Awards Large Deal to Infosys Technologies[More...]

Independent Research Firm Names Infosys Technologies as a Leader in SAP Implementation

Thu, 13 Aug 2009 22:50:00 GMT

Infosys Technologies Limited today announced that it was named a leader among SAP implementation providers in the August 2009 Forrester Research, Inc. report, 'The Forrester Wave: SAP Implementation Providers, Q3 2009.' Infosys was among the select companies that Forrester invited to participate in its Q3 2009 Forrester Wave report.[More...]

Independent Research Firm Names Infosys Technologies as a Leader In SAP Implementation

Tue, 11 Aug 2009 18:45:00 GMT

Infosys Technologies Limited today announced that it was named a leader among SAP implementation providers in the August 2009 Forrester Research, Inc. report, 'The Forrester Wave: SAP Implementation Providers, Q3 2009'. Infosys was among the select companies that Forrester invited to participate in its Q3 2009 Forrester Wave report.[More...]

SABMiller Enhances In-Store Customer Marketing With Infosys Technologies

Tue, 28 Jul 2009 16:01:00 GMT

Infosys today announced that SABMiller, one of the world's largest brewers, has selected Infosys Technologies to evaluate and improve the effectiveness of its in-store shopper marketing campaigns. SABMiller has chosen Infosys to conduct in-store projects leveraging the Infosys ShoppingTrip360 solution to analyze shopper and shelf activity around their beverage brands, helping improve the uptake of SABMiller products.[More...]

SectorWatch.biz Issues MarketStats on IT and Communications Companies TTCS, INFY, ATHR, WIT, SAY, PVSW

Tue, 21 Jul 2009 09:55:00 GMT

SectorWatch.biz announces the availability of MarketStats for leading IT and Communications equities in the news and driving markets today. MarketStats offers a perspective on the aforementioned equities and the opportunity for investors to respond with articles, blogs and opinions.Investors can view MarketStats by visiting: www.SectorWatch.biz - a division of FiSpace.net, a dynamic social networking site for investors.Today's MarketStats for IT and Communications companies include Tie Technologies, Inc. , Infosys Technologies Ltd. , Atheros Communications, Inc. , Wipro Limited , Satyam Computer Services Ltd. , and Pervasive Software Inc. .An audio interview featuring Tie Technologies, Inc. can be heard here: http://www.smallcapvoice.com/ttcs/index.phpView a fact sheet on Tie Technologies, Inc. here: http://www.smallcapvoice.com/ttcs/factsheet.htmlTIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for users' needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers.Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SectorWatch.biz and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. . MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies have not always approved the statements made in this report.This report is neither a solicitation to buy nor an offer to sell securities but is for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor, analyst or licensed broker dealer and this report is not investment advice. MP has been paid $1,500 by SmallCapVoice.com for preparation and distribution of this report and other advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company. MP's analyst, J. Knepp, holds CRD#2849651. To be featured in our publications please call the number below. Contact:[More...]

Finacle From Infosys Positioned in Leaders Quadrant in Magic Quadrant for International Retail Core Banking 2009

Wed, 15 Jul 2009 09:56:00 GMT

Infosys today announced that Gartner, Inc. has positioned Finacle core banking solution in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core Banking ' report.[More...]

Oracle Expands Its Channel Revenue Management Suite With Oracle(R) Price Protection

Mon, 13 Jul 2009 11:56:00 GMT

REDWOOD SHORES, CA -- -- 07/13/09 -- Oracle[More...]

Infosys Technologies to Announce First Quarter Results on July 10, 2009

Mon, 29 Jun 2009 23:13:00 GMT

Infosys Technologies Limited (NASDAQ:INFY), a world leader in consulting and information technology services, will announce results for its First Quarter ended June 30, 2009 on Friday, July 10, 2009, Indian Standard Time (IST) (on the night of Thursday, July 09, 2009, US Eastern Time (ET)). The results will also be available on the Infosys web-site, www.infosys.com.[More...]

FinacleTM From Infosys Launches Direct Banking Solution to Enable Rapid Global Expansion and Customer Acquisition

Mon, 15 Jun 2009 10:45:00 GMT

Infosys Technologies today announced the launch of FinacleTM Direct Banking Solution, a comprehensive solution that supports the full-fledged branchless delivery of a range of assets and liabilities solutions, through the Internet, mobile or call centre channels.Infosys also offers complete operational partnership along with the solution including consulting, implementation, and BPO.
Two leading global banks have already chosen FinacleTM Direct Banking Solution to take advantage of the disruptive direct banking business paradigm.
As more banks across the globe realign their business strategy towards low cost customer acquisition, FinacleTM Direct Banking Solution along with surround services presents banks a cost-effective entry strategy for business expansion into new geographies, and network expansion in existing markets.

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