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| Nortel files for bankruptcy; how will Indian IT, telecom be affected? |
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| Nortel Networks has filed for Chapter 11 bankruptcy protection. It is also one of the larger clients for most Indian IT and telecom companies. Among IT companies, Sasken and Wipro took a hit as a result, while among telecom players it's BSNL that stands to get affected the most... |
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| Nortel contributes 0.5% rev, owes $4m: Infosys |
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| Nortel Networks is one of the larger clients for most Indian IT companies like Infosys. V Balakrishnan, CFO, Infosys, said Nortel contributes 0.5% of revenues. "Outstanding payment from Nortel stood at USD 4 million."... |
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| Derive less than 10% rev from Nortel: Sasken |
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| Nortel Networks, which has filed for Chapter 11 bankruptcy, is one of Sasken's top five customers. Rajiv C Mody, Sasken said the company derives less than 10% of its revenues from Nortel. Mody said he cannot comment on Nortel's equity stake in... |
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| Inflation at 5.24%; Axis Bank sees -ve nos by July |
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| Inflation for the week-ended January 3 stood at 5.24% as against 5.91% week-on-week. Saugata Bhattacharya, Economist, Axis Bank, sees negative inflation numbers by July-August. "If there is a fuel prices cut, then inflation may be... |
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