In the coming three years, 24,600 employees working in Hewlett-Packard (HP), will lose their jobs, for the company has joined operations with Electronic Data Systems, which is basically a technology services company acquired by HP recently. The news came last night and it will account in cut of nearly 8% of the employees.

HP confirmed after the markets were closed yesterday that the employees working within the ranks of EDS will suffer most of the job cuts whereas half of them would get jobs in the US.

Earlier HP had not clarified as to how many employees of both the companies will lose their jobs. HP had 178,000 staff and EDS had 142,000 before the agreement was signed between the two companies.

Satyam Computer has received a SAP implementation order form Oman-based Khimji Ramdas LLC (KR) standardizes. Satyam is the fourth largest software exporter of India.

With the aim to finance its acquisition of Groupe Danone`s stake in Britannia Industries, Bombay Burmah Trading Corporation, the overseas branch of Wadia, will raise USD 200 million from the intern

H & R Johnson (India) Limited, has signed a 50:50 JV pact with Silica Ceramica Pvt. Ltd., to set up a tile manufacturing facility at Eluru in Andhra Pradesh.

Vienna - The price for cru

Subex Limited, a provider of operations and business support systems, has announced the launch of RapidRM Mobile Solution for cellular phone service operators.

RapidRM is a compact revenue management solution to help growing operators rapidly develop revenue management capabilities and realize immediate return on investment (ROI).

According to the company, the newly launched solution will not only assist operators to rapidly achieve superior revenue management capabilities, but also earn immediate ROI, via quick automation of revenue assurance and fraud management processes.