Infosys profit falls 0.9 pct but outlook improves

MUMBAI, India — Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be over for India's software services industry after being hard hit by the global downturn.

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IBM signs $200M outsourcing contract with telecom

SAN FRANCISCO — IBM Corp. says it has won a $200 million contract to handle some technology chores for a company called Datacom Solutions as it rolls out telecommunications services in India.

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AIG reaches deal to sell Indian IT unit to MphasiS

NEW YORK — American International Group reached a deal to sell another unit on Wednesday.

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Bill Gates receives Indira Gandhi Prize in India

NEW DELHI — Microsoft co-founder Bill Gates on Saturday received the Indira Gandhi Prize for Peace, Disarmament and Development from India's president, a government statement said.

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Google shuts office in India over swine flu fears

HYDERABAD, India — Internet search leader Google Inc. shut one of its offices in southern India for two days after an employee tested positive for swine flu, a company statement said Wednesday.

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India's Infosys says quarterly profit up 1.6 pct

MUMBAI, India — Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.

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Indian outsourcer Mahindra Satyam gets new CEO

MUMBAI, India — Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.

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The following email was sent to all Tata Indicom (formerly VSNL) customers informing of the draconian directive from Department of Telecom, India:

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Independent News & Media warns it can't pay debt

DUBLIN — Ireland's major newspaper publisher, Independent News & Media, warned Thursday it is likely to default on a euro200 million ($265 million) debt due for repayment next month and is seeking a possible bailout from its top two shareholders.

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HCL Technologies profit down by half on forex loss

MUMBAI, India — Indian software services firm HCL Technologies Ltd. said quarterly profits plunged by nearly half as the company battled foreign exchange losses, lower prices, and declining demand from financial services and telecom customers.The company said Wednesday that it earned $43.0 million in net income during the quarter ended March 31, versus $85.4 million during the same period a year earlier. Excluding foreign exchange losses, the decline in profits was 2.4 percent.

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