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Popular Articles

Bharati Shipping, ABG sail ahead on open offer nod
Bharati Shipyard ended at Rs 165, higher by Rs 1 or 0.88%, on the BSE. The stock had opened at Rs 166 and touched an intra-day high of Rs 174 and a low of Rs 164. Total trading volumes of 218,525 shares were registered on the counter as against the two-week average of 99,782 shares.

Direct tax kitty swells 3.7% in Apr-Nov
Direct tax collections in the first eight months of the current financial year increased 3.7 per cent to Rs 1,83,822 crore, against Rs 1,77,251 crore in the April-November period of 2008-09.

News of the day

Nifty key support at 5,000
The market opened weak and sustained selling pressure saw the benchmark indices, the Nifty and Sensex, lose their crucial support levels of 5,150 and 17,300, respectively. The spot Nifty closed at 5,094 while January futures closed at almost 10 points discount on profit-taking and short build-up.
Business Ideas

HCL tech bags deal from News Corp Arm

To manage and transform data centre. - HCL inks tech infrastructure pact with Newscorp arm - HCL Tech in Rs 940-cr deal with UK insurer - HCL Technologies up 5.4% - HCL Tech, UK insurance co in $200-mn pact - HCL Tech opens Brazil centre, to hire 300 engineers by 2012 - HCL partners with Ubiquiti for automated warranty solutions Information technology major HCL Technologies has entered into a multi-million pound, five-year technology infrastructure management and transformation engagement with News International, a British subsidiary of News Corporation. HCL will manage and transform News International’s datacentre and network environments by migrating operating systems. This will involve transformation projects such as migrating operating systems to lower cost industry standard solutions, business continuity improvements and virtualisation, consolidation and standardisation of storage and servers. HCL Technologies is already working with other News Corporation companies for their technology infrastructure management requirements. The IT company is also offering services to more than 40 media and entertainment companies worldwide and recently announced engagements with Reader’s Digest Association (RDA) and Viacom. With RDA, HCL had signed a $350 million (Rs 1,610 crore) contract. The media, publishing and entertainment (MPE) vertical contributes 6.8 per cent to HCL’s total revenues and grew by 52.8 per cent compared with last year. The company is scouting for more acquisitions in the MPE segment to enable it to grow its pre-press, ad production and editorial services to print, online and other mediums, as Business Standard had reported earlier. HCL Technologies’ stock closed at Rs 348.9, up 0.84 per cent on the Bombay Stock Exchange’s Sensex.


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