Technical problems force SAS plane to make 2 unscheduled landings in Norway

SAS plane makes 2 unscheduled landings in Norway

OSLO — Scandinavian airline SAS says a plane carrying 41 passengers made two unscheduled landings because of a problem with the flaps.

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Mahindra Satyam retains contract with GlaxoSmithKline

HYDERABAD - Mahindra Satyam renewed a five-year multi-million dollar contract with GlaxoSmithKline (GSK) to provide system application products (SAP) and other critical systems support worldwide, the IT services provider said here Thursday.

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Oil plunges near $64 as weak economic data spreads doubt about a recovery

Crude tumbles on doubts about economic rebound

NEW YORK — Oil prices tumbled to a five-week low Monday on growing evidence of an extended recession that could sap energy demand for some time.

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Two leading global banks to power direct banking operations with FinacleT

BANGALORE/ LONDON/ NEW YORK - Infosys Technologies today announced the launch of FinacleT Direct Banking Solution, a comprehensive solution that supports the full-fledged branchless delivery of a range of assets and liabilities solutions, through the Internet, mobile or call centre channels. Infosys also offers complete operational partnership along with the solution including consulting, implementation, and BPO.

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Aegis to acquire UCMS Group

MUMBAI/MELBOURNE - Aegis BPO Services Australia Pty Limited and UCMS Group Limited today announced the signing of a definitive agreement to acquire all of the shares of UCMS Group Limited through an all cash transaction with an aggregate equity value of approximately AUD 54 million.

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India’s publishing BPO industry to cross USD 1.2 billion by 2012

PUNE - A recently released report by ValueNotes estimates that the Indian publishing BPO industry is expected to grow to a value of USD 1.2 billion by 2012.

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BPO employees ‘will vote’ despite ‘graveyard shifts’

NEW DELHI - Despite their erratic time schedules and the fact that most of their employers are not giving them a day off May 7, most youngsters working in the BPO industry in the capital are determined to take time out that day to exercise their right to vote in these elections.

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Netmagic offers cloud computing services

BANGALORE - Leading managed IT service provider Netmagic Solutions Tuesday launched cloud computing services for enterprises to save on capital, space and power.

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Recession anxieties driving youngsters to psychiatrists, smoking

NEW DELHI - Mahavir Singh, 27, had everything going for him. A high-paying job with a BPO company and engaged to be married to his sweetheart. Then, suddenly, the pink slip thunderbolt struck.

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Areva hopes to double turnover by 2012

CHENNAI - French power transmission and distribution equipment major Areva SA’s Indian subsidiary, the Rs.2,655-crore Areva T&D India, is hoping to double its revenue by 2012, said a top company official.

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