SAN FRANCISCO: Microsoft has outsourced its internal tech support to Indian technology services firm Infosys, the companies have announced
The move was first revealed in an Infosys press release Tuesday announcing a three-year deal to "manage internal IT services for Microsoft worldwide" and later confirmed by the US software giant.
"As part of this managed services agreement, Infosys will streamline implementation processes, simplify support and service, while at the same time lowering the enterprise costs through the use of the latest Microsoft solutions such as Windows 7," Infosys said in a statement.
No financial or other terms of the deal were released. But Microsoft said that it would still retain strategic functions in its internal IT management and was engaging Infosys to consolidate service previously provided by a variety of outside vendors.
The move will see Infosys providing help desk support for 450 Microsoft locations worldwide as Microsoft looks to cut costs by outsourcing jobs to the Indian tech services firm.
"The fully integrated solution developed by Infosys will help us enhance how we deliver end-user computing services to our internal employees and partners while leveraging the innovation and investments we make in developing new technologies," said Jim DuBois, Microsoft's general manager of service management.
Success in my Habit
Wednesday, April 14, 2010
China's Q1 GDP up about 11.9 pc y/y: Report
China's Q1 GDP up about 11.9 pc y/y: Report
BEIJING: China's economy grew about 11.9 percent in the first quarter from a year earlier, topping expectations and expanding at the fastest annual
pace in nearly three years, according to two market sources.
Consumer price inflation in March was roughly 2.4 percent, one of the sources said. That would be a deceleration from the 2.7 percent rate in February and below forecasts of 2.6 percent.
China is scheduled to publish its first-quarter GDP growth rate and a suite of economic data for March on Thursday.
The numbers heard by Reuters matched those reported earlier on Wednesday by China Business News, a Chinese-language newspaper which cited an unidentified source.
BEIJING: China's economy grew about 11.9 percent in the first quarter from a year earlier, topping expectations and expanding at the fastest annual
pace in nearly three years, according to two market sources.
Consumer price inflation in March was roughly 2.4 percent, one of the sources said. That would be a deceleration from the 2.7 percent rate in February and below forecasts of 2.6 percent.
China is scheduled to publish its first-quarter GDP growth rate and a suite of economic data for March on Thursday.
The numbers heard by Reuters matched those reported earlier on Wednesday by China Business News, a Chinese-language newspaper which cited an unidentified source.
Monday, April 12, 2010
Mukherjee: SEBI, IRDA to maintain ULIP status quo ante
Mukherjee: SEBI, IRDA to maintain ULIP status quo ante:
The capital markets and insurance regulators have agreed to maintain current status on unit-linked insurance products, Finance Minister Pranab Mukherjee said on Monday.
"The regulators have agreed to jointly seek a binding legal mandate from an appropriate board. Meanwhile, status quo ante is being restored," Mukherjee told reporters after meeting the heads of the regulatory bodies.
Late last Friday, the Securities and Exchange Board of India (SEBI) said it barred 14 life insurance companies from selling unit-linked insurance products without its approval, saying they needed to register with the capital markets regulator.
Unit-linked insurance products, or Ulips, are similar to mutual funds with an added life cover.
A day later, the Insurance regulatory Development Authority (IRDA), which oversees insurance companies, assured policyholders that their investments were safe and issues arising out of SEBI orders would be addressed in the "appropriate forum".
"SEBI does not have a jurisdiction on Ulip products. SEBI believes otherwise. The SEBI decision will have a negative impact on the financials of policy holders and insurance companies," IRDA Chairman J. Hari Narayan told reporters in New Delhi earlier on Monday.
Regards
Sukumar Balakrishnan
The capital markets and insurance regulators have agreed to maintain current status on unit-linked insurance products, Finance Minister Pranab Mukherjee said on Monday.
"The regulators have agreed to jointly seek a binding legal mandate from an appropriate board. Meanwhile, status quo ante is being restored," Mukherjee told reporters after meeting the heads of the regulatory bodies.
Late last Friday, the Securities and Exchange Board of India (SEBI) said it barred 14 life insurance companies from selling unit-linked insurance products without its approval, saying they needed to register with the capital markets regulator.
Unit-linked insurance products, or Ulips, are similar to mutual funds with an added life cover.
A day later, the Insurance regulatory Development Authority (IRDA), which oversees insurance companies, assured policyholders that their investments were safe and issues arising out of SEBI orders would be addressed in the "appropriate forum".
"SEBI does not have a jurisdiction on Ulip products. SEBI believes otherwise. The SEBI decision will have a negative impact on the financials of policy holders and insurance companies," IRDA Chairman J. Hari Narayan told reporters in New Delhi earlier on Monday.
Regards
Sukumar Balakrishnan
Thursday, April 8, 2010
Monday, April 5, 2010
'Budget steps to put eco back on 9% growth track'
New Delhi: Finance minister Pranab Mukherjee on Friday said measures initiated in Budget 2011 would help revive private investments and put the economy back on 9% growth. He said for 2009-10, GDP growth has been "impressive" at 7.2%.
Mukherjee said the measures that would help revive private investments include enhancing allocation to the MSME sector to Rs 2,400 crore, increasing the limit for presumptive taxation, raising the threshold for compulsory auditing of accounts of small businesses, extension of interest subvention for exports in certain sectors and exemption from capital gains tax to facilitate conversion of small businesses to limited liability partnership (LLP) format.
"I am optimistic that the measures I have outlined in this year's Budget will revive private investment and put the economy back on the growth path of 9% per annum," the FM said on the sidelines of Small Industries Development Bank of India's foundation day celebration.
Elaborating on the role of micro finance, FM said it has emerged as a new channel of economic empowerment and attainment of Millennium Development Goals. "The government aims to double credit flow to MSME sector within five years," he said and promised to implement recommendations of a report of the PM's Task Force on MSMEs set up to address various issues and concerns of the sector.
"We expect the economy to grow by 7.2% in 2009-10 which is impressive by global standards," the FM said and added that the growth rate will climb back to 8.25%-8.75% in 2010-11.
"The good news is that the world economy today seems to be recovering from the meltdown crisis of 2008-09," the FM said. The fast-paced recovery of the Indian economy underscores the effectiveness of the policy response of the government in the wake of this financial crisis, he added.
Mukherjee said the measures that would help revive private investments include enhancing allocation to the MSME sector to Rs 2,400 crore, increasing the limit for presumptive taxation, raising the threshold for compulsory auditing of accounts of small businesses, extension of interest subvention for exports in certain sectors and exemption from capital gains tax to facilitate conversion of small businesses to limited liability partnership (LLP) format.
"I am optimistic that the measures I have outlined in this year's Budget will revive private investment and put the economy back on the growth path of 9% per annum," the FM said on the sidelines of Small Industries Development Bank of India's foundation day celebration.
Elaborating on the role of micro finance, FM said it has emerged as a new channel of economic empowerment and attainment of Millennium Development Goals. "The government aims to double credit flow to MSME sector within five years," he said and promised to implement recommendations of a report of the PM's Task Force on MSMEs set up to address various issues and concerns of the sector.
"We expect the economy to grow by 7.2% in 2009-10 which is impressive by global standards," the FM said and added that the growth rate will climb back to 8.25%-8.75% in 2010-11.
"The good news is that the world economy today seems to be recovering from the meltdown crisis of 2008-09," the FM said. The fast-paced recovery of the Indian economy underscores the effectiveness of the policy response of the government in the wake of this financial crisis, he added.
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