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Infosys looking at overseas acquisitions

IT major Infosys Technologies is looking at acquisitions in Europe, Latin America, the Middle East, Japan and Australia, a top company official said. “The size of the company should be around $450-500 million,” Infosys chief executive and managing director S. Gopalakrishnan told reporters on the sidelines of a seminar organised by the Confederation of Indian Industry (CII).

The US accounts for around 62 percent and Europe around 26 percent of the company’s total revenues of $4.6 billion. The company is now looking at increasing the revenue share from Europe to 30 percent.

Regarding recruitments, Gopalakrishnan said the company had hired 18,000 people in 2008, adding that it would look into further recruitment next January-February depending on the economic scenario.

Infosys is pursuing contract deals worth $1 billion, he added.

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October 6, 2009 Posted by | Business, General, India Related, IT, Science, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Millions to watch Obama become US’ first black President

WAITING FOR OBAMA: People with masks of Barack Obama wave during a ‘Bye Bye Bush’ demonstration in Spain.

People with masks of Barack Obama wave during a

Barack Obama will become the first black president of the United States of America on Tuesday.

He came, he campaigned and he conquered and now Obama’s swearing-in ceremony will watched across the world.

Inauguration Day in the US is steeped in tradition. The president-elect and family will start their day with the morning service at the St Johns Church.

Obama and vice-president elect Joe Biden and their families will then proceed to the White House, where they will be greeted by outgoing President George W Bush. The swearing-in ceremony will be held at the US Capital.

First Joe Biden will take the oath of office and then Barack Obama raising his right hand and putting his other hand on the Bible will be sworn in by Chief Justice John Roberts and attend inaugural parade.

On the eve of his inauguration, Obama paid tribute to the man who ushered in the social change which has helped US get its first black president – Martin Luther King

“Never forget that the true character of our nation is revealed not during times of comfort and ease but by the right we do when the moment is hard. I ask you to help reveal that character once more. And, together, we can carry forward as one nation and one people the legacy of our forefathers that we celebrate today,” said Obama.

Over 2 million people are expected to watch the swearing-in ceremony as well as Obama give his inaugural address.

At Penysalvania they are anticipating 3,00,000 people for viewing stands and many others will watch teh inaugural parade.

It is difficult to say what strikes the most about the next US president. Is it Barack Obama’s background, his education or is it his youth?

It is perhaps a combination of all of them, expressed in that one word – charisma.

January 20, 2009 Posted by | Elections, General, Politics, USA, USA Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

US President George W Bush gets ‘Farewell Boot’ in Iraq

US President George W Bush (In picture) faces the wrath of an Iraqi journalist who hurls his shoes at him during his final visit to Iraq

On his ‘farewell’ visit to Iraq as US President, George W Bush had an unusual ‘encounter’ when an
Iraqi scribe threw two shoes at him, but the agile American leader downplayed the incident, saying “it’s a sign of a free society.”

The journalist, Muntadar al-Zeidi, threw two shoes at Bush — one after another — during a joint news conference with Iraq Prime Minister Nouri al-Maliki in Baghdad on Sunday (December 14, 2008) and shouted “it is the farewell kiss, you dog”.

“All I can report is a size 10,” the president joked. Bush, who ducked both throws, said he has seen a lot of weird things during his eight-year-long Presidency and that he would term the latest incident as “one of the weirdest”.

“And it was amusing. I mean, I’ve seen a lot of weird things during my presidency and this may rank up there as one of the weirdest. So this happens and it’s a sign of a free society,” Bush said. “But I’m not insulted. I don’t hold it against the government. I don’t think the Iraqi press corps as a whole is terrible. And so, the guy wanted to get on TV and he did. I don’t know what his beef is. But whatever it is I’m sure somebody will hear it,” the US President told ABC channel.

After the incident, Iraqi government said that the scribe, who works with Al-Baghdadia channel which broadcasts from Cairo, has been held for questioning by the Prime Minister’s guards and is being tested for alcohol and drugs. Meanwhile, the television channel demanded the immediate release of its journalist and called the scribe as a “proud Arab and an open-minded man.”

Bush shoe attacker ‘detested America’

The Iraqi journalist who caused a furore when he hurled his shoes at visiting US President George W Bush “detested America” and had been plotting such an attack for months, colleagues said on on Monday (Dec 15, 2008).

Muntazer al-Zaidi, 28, was being hailed as a hero by some after his action against the US President who ordered the 2003 invasion of Iraq, and anti-US demonstrations were being staged in Baghdad and the holy shiite city of Najaf.

“This was a spontaneous action by an Iraqi citizen who was showing his dismay at seeing the President of the country which is occupying our nation,” said Liwaa Sumeissim from the anti-American Sadr movement.

The Iraqi government however branded Zaidi’s actions as “shameful” and demanded an apology from his employer Al-Baghdadia television, which in turn was calling for his immediate release from custody.

One of his colleagues in the Baghdad office of Al-Baghdadia said Zaidi had been planning to throw shoes at Bush if ever he got the chance. “When he said he was going to do it, we didn’t doubt him,” he said.

“Muntazer detested America. He detested the US soldiers, he detested Bush,” said another co-worker who also spoke on condition of anonymity.

An Iraqi lawyer said Zaidi risked a minimum of two years in prison if he is prosecuted for insulting a visiting head of state, but could face a 15-year term if he is charged with attempted murder.

In Cairo, Muzhir al-Khafaji, programming director for Al-Baghdadia television, described Zaidi as a “proud Arab and an open-minded man.” “We fear for his safety,” he told, adding that Zaidi had been arrested twice before by the Americans.

December 16, 2008 Posted by | Attacks, General, USA, USA Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bush warns Pakistan to fight terror or a face-off

Bush has said US will not be held to ransom by terror outfits

GET IT CLEAR: Bush has said US will not be held to ransom by terror outfits

With India reaching out to the world community in the wake of Mumbai attacks, the US, Germany and Britain are sending their ministers and functionaries to India to discuss the developing situation.

Washington too is keeping the pressure up.

US President Bush made a statement saying even governments sponsoring terrorism will be held responsible.

“We’ve made it clear to Pakistan that we must do whatever to protect American people. Governments sponsoring terror are as guilty as the terrorists and will be held to account,” warned America’s President who will soon be making way for president-elect Barack Obama to take over.

The US reiterated that countries should deny safe haven to terrorists.

US Secretary of State Condoleezza Rice too came down hard on the terror outfits and their nefarious designs.

Rice had said that those who want to disrupt good relations between India and Pakistan were at root, and that these non-state actors clearly used Pakistani territory. Rice continued to tell the CBS radio in the interview that there is reason for Pakistan to take up responsibility to act.

December 11, 2008 Posted by | Attacks, General, India Related, USA Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Ten Greatest Leaders of the World

Winston Churchill

Churchill arrives at St. Paul’s Cathedral in London to attend thanksgiving services for the May 1945 World War II victory in Europe.
The master statesman stood alone against fascism and renewed the world’s faith in the superiority of democracy
Muhammad Ali Jinnah
Muhammad Ali Jinnah was a muslim politician and leader of the All India Muslim League who founded Pakistan and served as its first Governor-General. He is officially known in Pakistan as Quaid-e-Azam (“Great Leader”) he envisioned a secular state for Pakistan.
Mahatma Gandhi
Gandhi at home next to a spinning wheel, which looms in the foreground as a symbol of India’s struggle for independence. His philosophy of nonviolence and his passion for independence began a drive for freedom that doomed colonialism
Adolf Hitler
Hitler gestures during a speech in May 1937
The avatar of fascism posed the century’s greatest threat to democracy and redefined the meaning of evil forever
Martin Luther King
King announces on April 25, 1967, that he would not be a candidate for the president of the United States
He led a mass struggle for racial equality that doomed segregation and changed America forever
Ayatullah Ruhollah Khomeini
Khomeini in 1979 returning to Tehran, Iran
Brazenly defying the West, he revived Islam’s faithful and authored a new form of religious government. The prescriptions were often chilling
V.I. Lenin
Lenin in 1918, the year he split with the Left Social Revolutionaries and renamed the Bolsheviks the Russian Communist Party
Driven by ideological zeal, he reshaped Russia and made communism into a potent global force
Nelson Mandela
Mandela was a TIME Man of the Year in 1993
As the world’s most famous prisoner and, now, his country’s leader, he exemplifies a moral integrity that shines far beyond South Africa
Pope John Paul II
Pope John Paul II waves to pilgrims in September 1989
The most tireless moral voice of a secular age, he reminded humankind of the worth of individuals in the modern world
Ho Chi Minh
Founder and President of the Democratic Republic of Vietnam, Communist North.
He married nationalism to communism and perfected the deadly art of guerrilla warfare

December 10, 2008 Posted by | General, Politics, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Infosys to freeze hiring, says signs aren’t good

S Gopalakrishnan, CEO and MD of Infosys, speaks at the Reuters India Investment Summit.

COMPANY FORECAST: S Gopalakrishnan, CEO and MD of Infosys, speaks at the Reuters India Investment Summit.

Infosys Technologies Ltd will freeze recruitment after meeting this fiscal year’s target of hiring 25,000 staff, a telling sign the global downturn is hitting India’s $52 billion outsourcing sector.

The country’s second largest software services firm however has no plans to cut jobs and is sticking with its third quarter outlook, CEO Kris Gopalakrishnan told reporters.

He said the outsourcing sector’s growth rate would halve next year as some customers delay orders. “Last year the IT industry grew more than 30 per cent, this year it is looking at somewhere in the region of 15 per cent,” Gopalakrishnan said.

India’s export-driven IT sector, used to a scorching pace of growth, has been hit by the financial crisis and recession in the United States, which contributes more than half their revenue. In the last few years, the outsourcing industry has created tens of thousands of jobs, mainly attracting young workers, as global companies look to trim labour costs.

Infosys hired 16,000-17,000 employees in the first half of the fiscal year that began in April and would honour commitments to 6,000 under training, Gopalakrishnan said. Infosys, which counts Goldman Sachs and Philips Electronics among its clients, cut its full-year dollar revenue outlook in October due to the worsening global downturn.

Gopalakrishnan said on Dec 04, 2008 the company would freeze fresh recruitment, apart from meeting specific skill needs. “We will have to look at controlling our cost, controlling our expenses making sure that we run an optimised business. We will have to look at what are things we need to do in order to prepare ourselves for the recovery.” “Growth is coming more and more from emerging markets so hese are the things we need to prepare ourselves. We should not lose momentum in this slowdown,” he said.

But Infosys still expects its strong client base and a weakening rupee to help it meet a forecast for December quarter earnings of $0.57 a share. The Indian rupee has fallen nearly six per cent so far this quarter against the dollar.

“Infosys is seeing further degradation of the demand environment, with headwinds from leadership changes at customers, a shrinking large deal pipeline …. Pricing pressure has emerged,” CLSA Asia-Pacific said in a report this week.

December 4, 2008 Posted by | General, India Related, IT, Software, Technology | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Barack Obama nominates Hillary Clinton as Secretary of State

Obama nominates Hillary as Secretary of State

US President-elect Barack Obama on Dec 01, 2008 named former Democrat rival Senator Hillary Clinton as the Secretary of State in his incoming administration and retained Robert Gates as the Defence Secretary.

The team of Obama and Vice President-elect Joe Biden also officially announced other key members of their cabinet, nominating Eric Holder as Attorney General, Arizona Governor Janet Napolitano as Secretary of the Department of Homeland Security, Susan Rice as Ambassador to the United Nations and General Jim Jones as the new National Security Adviser.

“In this uncertain world, the time has come for a new beginning – a new dawn of American leadership to overcome the challenges of the 21st century, and to seize the opportunities embedded in those challenges,” Obama said in a statement issued by his transition team.

To succeed, a new strategy should be pursued that skillfully uses, balances, and integrates all elements of American power — military and diplomacy, intelligence and law enforcement, economy and the power of “our moral example,” the country’s first African-American President said.

“The team that we have assembled here today is uniquely suited to do just that. They share my pragmatism about the use of power, and my sense of purpose about America’s role as a leader in the world,” Obama, who will be taking office as the 44th US President on January 20, 2009, said.

December 2, 2008 Posted by | General, Politics, USA Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

India now aims for manned space mission

The plan is to achieve the space mission by 2015 said ISRO chief.

MANNED MISSION: The plan is to achieve the space mission by 2015 said ISRO chief.

India is aiming to send a manned mission into the space after the success of its first unmanned mission to the moon, Indian Space Research Organisation (ISRO) chairmain G. Madhavan Nair said on Nov 23, 2008.

“The (manned) moon mission is a tough task and to achieve that our first task is to send an Indian astronaut on a manned mission to space, who will orbit the earth and return. For this, the sanction of the government has to come.

We plan to achieve this by 2015,” Nair said at a reception accorded to him during his first visit to his home town since the successful launch of the Chandrayaan-1.

“The next moon mission by the US and China is fixed for 2020 and our target is that we also should be ready by then,” Nair added.

“To achieve that, the space mission would provide the necessary boost. Another thing that is being planned is Aditya, a mission to study the solar system from the earth’s orbit,” said Nair.

November 24, 2008 Posted by | General, India Related, Science, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Obama finally calls Manmohan Singh, discusses Indo-US ties

Obama has already spoken to 15 world leaders, including the Pakistani President.

TIME FOR INDIA: Obama has already spoken to 15 world leaders, including the Pakistani President.

US president-elect Barack Obama called Prime Minister Manmohan Singh on Wednesday morning and discussed the Indo-US relationship.

Obama reportedly told Singh that the two countries can work together in many area.

“We need to give strength to Indo-US relations. The Indo-US strategic ties are very important,” Obama told Singh.

PMO sources said Singh congratulated Obama on his historic victory and said his success would be an inspiration for the oppressed people all over the world.

The Prime Minister also said that the relationship between India and the US was “very good” but “we should not be satisfied with the status quo”.

Singh conveyed his best wishes for the success of the Obama administration in meeting challenges that face the world.

The Prime Minister also invited Obama and his wife Mitchelle to visit India, the sources said.

Obama praised Singh’s contribution to the progress of India as Finance Minister earlier and the Prime Minister now.

Obama had reportedly called Singh on Saturday too but the Prime Minister could not take the telephone call from the US president-elect as he was travelling.

“I got a call on Saturday but could not take it as I was travelling,” Manmohan Singh had said on Monday on board his special aircraft while returning home from a two-nation visit to the Gulf.

Obama has already spoken to 15 world leaders, including Pakistani President Asif Ali Zardari, after his election.

November 12, 2008 Posted by | Business, General, Politics, USA Related, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Bush congratulates Obama on awesome night

US President George W Bush telephoned his apparent successor, Democrat Barack Obama, to congratulate him on his “awesome night,” according to White House spokeswoman Dana Perino.

“Mr President-elect, congratulations to you. What an awesome night for you, your family and your supporters. Laura and I called to congratulate you and your good bride,” she quoted Bush as telling Obama.

“I promise to make this a smooth transition. You are about to go on one of the great journeys of life. Congratulations and go enjoy yourself,” Bush told Obama late on Tuesday night, she said.

The President also invited Obama and his family “to visit the White House soon, at their convenience,” Perino said.

Bush was also to reach out to Obama’s defeated rival, Republican John McCain, who conceded the fight shortly after 11:00 pm (0930 IST).

November 5, 2008 Posted by | Elections, General, Politics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment