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N Chandrasekaran takes over as TCS CEO
Succeeding S Ramadorai, N Chandrasekaran today became the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), the country"s largest software exporter.

BJP walks out over Copenhagen; Ramesh terms it pre-planned
Government today said it will not compromise on India"s interests at the Copenhagen climate change summit, but a dissatisfied opposition walked out in the Rajya Sabha.

News of the day

GHIAL signs three MoUs
GMR Hyderabad International Airport Limited (GHIAL) has signed three memoranda of understanding with Jet Airways, Malaysia Airports Consultancy Services (MACS) and Asia Pacific Flight Training Sdn Bhd (APFT).
Management

NIIT Tech's Q4 net down 15 per cent

Foreign exchange losses of Rs 22 crore in the quarter ate into the profits of Delhi-based NIIT Technologies, which posted a profit after tax (PAT) of Rs 26.3 crore for the fourth quarter ended 31 March, 2009, down 15 per cent from Rs 31 crore in the corresponding quarter last year. Sensex ends up 35pts Sequentially, PAT jumped 56.5 per cent from Rs 16.8 crore in the trailing quarter while revenue declined 8.6 per cent from Rs 248.5 crore. “Verticals like insurance, travel and retail, that contributed 81 per cent to revenues last year, have now contributed 84 per cent.,” said Arvind Thakur, CEO, NIIT Technologies.


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