Torque News -January 2010

 

Industry Updates	¤        Domestic IT services mkt to double by 2013: Springboard (Source: ET) ¤       Pharma, telecom, FMCG sectors may hike pay 12 pc in 2010 - http://bit.ly/8hH5vT (Source: ET) ¤       TCS' BaNCS ranked no 1 in China (Source: ET)
Launches & Innovations	¤        Google announces short URL (goo.gl) while Facebook & youtube also experiment with their shorter links fb.me and youtu.be respectively (Source: ReadWriteweb) ¤        Microsoft launches WebsiteSpark programme (Source: ET) ¤        Google Unveils News-by-Topic Service (Source: NYT) , Launches Dictionary and Translated Web Search (Source: yahoo news) and Releases API for Cool Visualization of Data Mashups from Many Sources (Source: ReadWriteWeb) & also Chrome browser for Macintosh computers (Source: ET) ¤        Yahoo expands integration with Facebook (Source:  Reuters) ¤        SAP to Launch Google Wave Competitor (Source: ReadWriteweb) ¤        Bluetooth keyboard finally gets launched for Apple iphone (Source: The First Reporter) ¤        India’s first Android device soon from H’bad based startup Notion Inc (Source: Techtree.com) ¤        Intel debuts updated Atom processor technology (NASDAQ)
Other Updates	¤        Twitter buys location tracker start-up Mixer Labs (Source: BBC) ¤        Avaya acquires Nortel Enterprise (Source: CIOL) ¤        Genpact bags F&A services contract from AstraZeneca (Source: ET) ¤        Goldman takes 9.4% stake in Max India (Source: Yahoo) ¤        HCL Technologies announced a five-year deal with media conglomerate News Corp for managing its data centres and IT across UK newspapers like The Times, The Sun and The Sunday Times. (Source: ET) ¤        IBM in $200m Brazil software tie-up (Source: FT). Also acquires Lombardi - a significant acquisition in the BPM space (Source: Information week), bags order from Digicable (Source: TOI) and wins 10-year IT deal with Gujarat bank (Source: ET) ¤        French IT company NetASQ launches India operation (Source: ET) ¤        Gartner to Acquire AMR Research for $64 Million (Source: ReadWriteWeb) ¤        Google buys AppJet Inc, an online collaboration startup (Source: Yahoo News) ¤        Wipro Technologies has entered into a deal with telecom company Telefónica O2 Germany to provide testing services to the European firm. (Source: ET) ¤        HCL Axon has signed a five-year global IT services deal with pharma Company GlaxoSmithKline. (Source: ET)  ¤        Infosys has been selected to implement a $387 crore ($83 million) IT project for power distribution utilities (Source: ET) ¤        AOL is becoming an independent Internet company again (Source: ET) ¤        RBS Close to Selling Asian Assets to HSBC (Source: WSJ) ¤        Thomson Reuters to strengthen presence in Asia (Source: ET)
Other Updates	¤        Barclays Is Barred From Trading Offshore Derivatives in India (Source: WSJ) ¤        MphasiS to replace pay hikes with bonus (Source: ET) ¤        Morgan Stanley hires ex-Merrill COO Fleming (Source: Reuters) ¤        GM Taps Microsoft's Finance Chief (Source:  WSJ) ¤        Wipro appoints Rajan Kohli as Chief Marketing Officer, IT Business (Source: Wipro)
Hiring & Firing	¤        Infosys to Nearly Double Work Force in U.S. Market (Source:  WSJ) ¤        Infosys Plans to Make 13,000 Campus Offers (Source: WSJ) ¤        Capgemini to hire 6k people in India by 2010 end (Source: SiliconIndia) ¤        IT giant Wipro's hiring plans for fiscal 2009-10 are on track, with 8,500 people to be recruited by May-June 2010. (Source: TOI)
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