Infosys To Acquire Panaya For $200M

Infosys has made its first significant acquisition since it purchased Swiss consultancy Lodestone Holdings, as CEO Sikka pushes turnaround.
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Wipro Posts Better-Than-Expected Earnings

Wipro Ltd, India’s third largest IT service provider, posted a 24 percent rise in net profit in the quarter ending September 30, benefiting from a boost in outsourcing orders.
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Asian Stocks Rise As Europe Optimism Persists

Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.
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Wipro Net Profit Up, Shares Drop On Week Forecast

Wipro Ltd, India's third largest IT services exporter, Tuesday reported a jump of 6.7 percent sequentially in its first quarter profits for the financial year 2012-13, aided by the strong demand for outsourcing services and the week Indian rupee.
A man walks past the BSE building in Mumbai

Indian Stock Markets Trade In Red; Rupee Approaches Its Record Low

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.
A general view of eBay headquarters in San Jose

Ebay to Open Bangalore, India Software Development Center

EBay Incorporated (NASDAQ: EBAY) will open a new software development center in Bangalore, India which will employ as many as 1,000 engineers to support its eBay Marketplaces and PayPal products, the company announced Tuesday.

US Work Visa Law: India To Move WTO

India will file a formal complaint with the World Trade Organization against the US over its visa policy, which India says is discriminatory to Indian companies, the Wall Street Journal has reported quoting a Ministry of Commerce official.


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