IT &amp; BPO may hog headlines, WEF index puts India at 55th
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NEW DELHI: India ranks 55th in a World Economic Forum ranking of 104 countries in terms of growth competitiveness. As per the WEFâs Global Competitiveness Report 2004-05, Finland, home to Nokia, is the world
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Plus: Novell reverses year-earlier profit...Lenovo posts 2006-07 net surge...HP sales up on PC strength.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.
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THE country&#39;s forex reserves recorded a dip of $14 million to touch $119.322 billion for the week ended August 13, as per the latest Reserve Bank of India statistics.
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Yahoo! jumps into the music download biz while Ask Jeeves, Amazon soar; Oracle beats after the bell. NEW YORK (CNN/Money) - Bucking the broader market&#39;s trend Tuesday, Internet stocks rallied on Yahoo!
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Plus: Novell sees weakness in IT spending...Salesforce reports rise in profit...Nortel to lay off 3,500...Intuit posts loss while revenue rises.
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Infosys Technologies, the outsourcing company, will offer $1.6 billion worth of its shares in the United States, the biggest overseas offering by an Indian company. The 30 million American depository shares, each worth one common share, were priced at $53.30. Infosys, based in Bangalore, had said earlier that it wanted to increase the companyÂs market value in the United States, and qualify for listing on the Nasdaq 100 index.
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Plus: Dow Jones' digital gamble. [News.com Extra]
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Plus: Apple posts good Q1, despite slow iPod sales...Microsoft expected to post healthy profits...Seagate turns in mixed report...IBM targets well above expectations.
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The Dow Jones industrial average  .DJI fell 1 percent on Friday as oil prices surged to another  record and Microsoft Corp. MSFT.O dragged on stocks after the  software maker's revenue forecast lagged analysts'  expectations.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall.
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India&#39;s IT services market is forecast to grow to $10.73 billion by 2011, at a five-year compound annual growth rate of 23.2 percent, as outsourcing emerges as a more favored option for companies in India, according to research firm Gartner.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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Plus: SAP revenues solid, outlook moderate...Phone sales boost Nokia profits past forecasts...eBay posts large quarterly loss on Skype write-down...IBM services buoy earnings...Yahoo net profit falls.
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Infosys Technologies, India's second-largest software firm, said it will be included on the Nasdaq-100 index from Monday, putting it among the biggest listed tech companies in the world.
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London, Feb 10 As Indian investors stalk British companies with takeover offers, the economic logic of outsourcing operations to India continues to direct the growth plans of major companies, despite protests ...Comment
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The Motley Fool - Information technology spending is growing significantly -- that is, in other countries such as China and India. According to an IDC study, China's IT growth is expected to be 15% annually and India's about 20%.