Patni Computer Systems announced financial results, reporting 9 per cent decline in net profit, for the period ended December 31, 2008.
Patni's net stood at Rs 483.01 crore in the reporting period, due to decline in demand in Information Technology segment under the impact of global slowdown, as compared to Rs 483.63 crore in the same period last year.
Patni Computer Chairman and CEO, Mr. Narendra K Patni said, "The effect of the global meltdown has been more than expected for everyone and this is impacting our business in the short run."
Tata group owned Tata Motors and Bangalore based Corporation Bank has signed a deal aimed to provide easy finance facilities to customers for purchase of passenger cars. The deal may help the company, facing low demand in auto sector under the impact of global slowdown and recession like conditions across the world.
The newspaper and magazine publishing industry has reason to smile as Union Government has announced to provide custom duty exemption on newsprint with immediate effect.
Uncoated paper, used for printing of newspapers, and light weight coated paper, used for printing magazines, has also been exempted from duty.
The development and production versions of IBM Information Management database servers, IBM Lotus content management, and IBM WebSphere portal and middleware products would now be getting pay-as-you-go access by IBM and Amazon.
According to news report released by a well known Press agency, an enormous space debris was created by the collision of two communication satellites from the US and Russia on 10th February, which might pose a threat to the International Space Station.
On Thursday, Engineering firm Siemens Ltd received Rs 212 crore order from Steel Authority of India Ltd (SAIL) in order to offer a power distribution package at the Rourkela Steel Plant (RSP) in Orissa.
In a filing to the Bombay Stock Exchange, the company confirmed, "The scope of work for Siemens' industrial solution division, which has bagged the Rs 212-crore order, includes designing, engineering, supply, civil work, erection, testing and commissioning of transmission lines and substations."
Patni Computer Systems announced financial results, reporting 9 per cent decline in net profit, for the period ended December 31, 2008. 
Tata group owned Tata Motors and Bangalore based Corporation Bank has signed a deal aimed to provide easy finance facilities to customers for purchase of passenger cars. The deal may help the company, facing low demand in auto sector under the impact of global slowdown and recession like conditions across the world.
The newspaper and magazine publishing industry has reason to smile as Union Government has announced to provide custom duty exemption on newsprint with immediate effect. 
The development and production versions of IBM Information Management database servers, IBM Lotus content management, and IBM WebSphere portal and middleware products would now be getting pay-as-you-go access by IBM and Amazon. 
According to news report released by a well known Press agency, an enormous space debris was created by the collision of two communication satellites from the US and Russia on 10th February, which might pose a threat to the International Space Station. 
On Thursday, Engineering firm Siemens Ltd received Rs 212 crore order from Steel Authority of India Ltd (SAIL) in order to offer a power distribution package at the Rourkela Steel Plant (RSP) in Orissa.
