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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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