IT This Week

IT industry was the talk of Dalal street this week as all the top companies exceeded the expectation of the market for the second quarter of the fiscal year.

TCS becomes the first indian IT company to employ 50K employees (sounds cool)

Infosys posted a profit of around 600 crores . Our business model is our strength says Nandan.M.Nilekani CEO , Infosys Technologies.

Oracle having a stake of 41% in Iflex wont be a threat to the finacle which runs with Oracle as the backend as Infosys as a good relationship with Oracle

The Much awaited results which are yet to come are of Hexaware Technologies (much awaited one)

ICICI Bank also exceeded the market expectation



Ipod with Video capability to be released Next week in US . It might take an year to get into the indian market . U can download Television serials onto your ipod at the cost of $5 per episode.Podcasting becomes more interesting now i believe .Ipod catches the eyes of everybody with its slim and awesome features .Thanks to Apple for such a wonderful product




Source - All Business Magazines ( More to come )n