HP creates new telecom and media unit

HP on Thursday announced the creation of a new business unit to address the specific needs of service providers, network equipment suppliers and media companies.HP Communications and Media Solutions (HP CMS) will consolidates the company’s Telecom and digital content management software with industry-specific professional services capabilities. HP CMS is also closely aligned with recently-acquired EDS, [...]

Satyam buyer will have to make 20% open offer

Government on Thursday said the prospective buyer of crisis-ridden Satyam Computer Services will have to make an open offer of 20 per cent.”Whether it (stake to be offered in Satyam) is 31 per cent or 26 per cent, anybody coming in would have to make an open offer of 20 per cent in the market [...]

IIM-A students find few takers this year

Job offers received by their seniors made headlines till last year, but students of India’s most valued B-school IIM-A are this year feeling the ripples of economic slowdown with offers few and far between. Five days after the placement campaign was launched, some students are yet to receive offers, said sources in the Indian Institute [...]

Re breaches 52 mark on heavy dollar demand

Rupee crossed 52 for the first time to dip to an all-time intra-day low of Rs 52.20 against the greenback but recovered slightly at the end. The Indian currency has depreciated 6.7% in 2009 so far. It fell more than 19% in 2008. On Tuesday, rupee opened trading on a firm note at Rs 51.80 per dollar and appreciated to 51.55. But the high demand of dollar pulled rupee down in the afternoon trading session.

Nano to hit Europe by 2011, says Ratan Tata

The Nano Europa, being showcased for the very first time, has quickly become Curiosity No.1 at the Geneva Auto Show. The show, reputed to be among the world’s top four auto exhibitions, opened for the media on Tuesday.