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IBM wins 10-year IT services contract from co-operative bank
IBM today announced that it has signed a 10-year Information Technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB). The engagement will be in the form of a pay-as-you-go model, which will enable the bank to save up to 50 per cent in its capital expenditure on IT Infrastructure, IBM said in a statement.

Gold nears Rs 17k level on firm global trend
Gold prices today hit an all-time high of Rs 16,980 per 10 gram in the bullion market here in tandem with the global market, where the metal crossed the crucial $1,115 an ounce level.

News of the day

Picture this - Orkut goes photo blogging
Imagine you are having dinner with some friends, and in walks Shahrukh Khan or someone equally famous. You get a picture clicked with him and want to share it with the world instantly. But how do you go about it since you can’t possibly wait till you get home and transfer the pictures to home PC.
Small Business

ITC Q3 profit rises 27% to Rs 1,144 cr

Cigretter major, ITC reported a 26.7% rise in net profit at Rs 1,144.17 crore in the quarter ended December 31, 2009 as against Rs 903.21 crore in the same quarter last year. - Corporation Bank Q3 net up 19% to Rs 305 cr - NDTV back in black with Rs 74 cr profit in Q3 - United Spirits Q3 net soars over threefold to Rs 97 cr - Petronet LNG Q3 profit shrinks 21% to Rs 83 cr - JSW Energy Q3 net surges 73% to Rs 205 cr - Idea Cellular Q3 net profit at Rs 170 cr Total income increased to Rs 4,739.27 crore in the reporting quarter from Rs 3,956.21 crore in the quarter ended December 31, 2008. Net sales were up 18.22 per cent to Rs 4,531.85 crore from Rs 3,833.31 crore. Cigarette net revenues increased 17 per cent to Rs 2,332 crore from Rs 1,993 crore and other FMCG net revenues rose 23.61 per cent to Rs 890 crore from Rs 720 crore year-on-year. Net revenue from hotel operations rose marginally to Rs 248 crore as against Rs 247 crore year-on-year.


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