Trimming of IT costs by US & European companies does not augur well for Indian IT companies

Gainers
Bank stocks are on top of the A-graded list. Union Bank of India has formed a joint venture with leading Belgian financial player KBC group to launch mutual fund business. The stock surged 25%. Punjab National Bank and Indian Bank went up 10% and 6%, respectively. Among the B-graded stocks,...

A few public information officers (PIOs) and the babudom are trying to brand the sunshine act, Right to Information (RTI), as a nuisance. The onus is on all RTI applicants to fight back. Many information officers dare to furnish false and misleading information or often put out information carelessly. It is sometimes important to verify the quality of information by checking what is happening...

Don’t panic, make up your own mind about your company's future

Last week, a young manager came over for career advice. He works with a mid-size marketing company. Things were going fine till one of their investors pulled out. The firm remains operational, since they have other investors who continue to support them. Besides, the firm is cash-flow positive and also has reserve resources to...