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Markets open strong on positive global cues
The bourses have opened firm, tracking gains in the US and Asia. The Sensex is quoting at 17,314, higher by 125 points, and the Nifty is at 5,170, up 35 points.

Competition to heat up as biggies gear up for small-car launch
Come 2010 and the small-car market is likely to witness intense competition with at least four new players set to launch their products in the market.

News of the day

Govt to raise Rs 12,000 cr from bond sale
A day after revised schedule for the borrowing for the first half of the current fiscal was announced, the government today said it would raise Rs 12,000 crore from sale of two government papers.
Online Business

NIIT Tech patners Hitachi for cloud computing

NIIT technologies has announced partnership with Hitachi Information Systems to offer cloud computing services. Cloud computing is an emerging mega trrend which is standardized IT capability delivered via the internet in a pay per use and self service manner. With cloud computing gaining impetus, both companies will be able to offer the complete portfolio of services around the cloud infrastructure to cater to the changing IT landscape. - NIIT Tech net down 12.4% - NIIT Tech scales 52-week high, ends off day"s high - NIIT Tech"s Q4 net down 15 per cent To begin with, Hitachi Information Systems would leverage NIIT Technologies" data centre in Bangkok and create the first hub outside Japan, networked to their existing infrastructure. Drawing on the benefits of scale, shared infrastructure and standard applications, this partnership will drive down costs while increasing the speed and agility of deploying applications. The operations are expected to begin by first quarter of next fiscal.


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