Domestic IT services market to be worth $13.6
bn by 2014: Gartner
NEW DELHI: The fast growing Indian domestic IT
services market is expected to be worth nearly $ 14 bn
in the next four years.
"The country's domestic IT services market is
expected to see a Compounded Annual Growth Rate
(CAGR) of 16 per cent by 2014, which would make
that market worth $ 13.6 bn
Essar to invest Rs 2K crore on cement,
ferro-alloy unit in MP
Diversified conglomerate Essar Group has firmed up
plans to invest over Rs 2,000 crore to set up a new
cement and Ferro-alloy unit in Madhya Pradesh as part
of its mega-investment programme in the state.
The group, which has already committed investments
worth around Rs 8,000 crore in the state across sectors
like steel, power and telecom had last week entered into
a pact with the Madhya Pradesh government for a
cement and Ferro-alloys project.
Gold down by Rs 240 on scrap selling, weak global
Gold prices tumbled by Rs 240 to Rs 19,530 per ten
gram on emergence of scrap gold jewellery selling by
India gold traders continued to stock up for upcoming
festivals as prices extended losses for a fourth day to
its lowest level in two weeks
G20 moves closer to agreement on
A high-level meeting of the world's major economies
is moving closer to an agreement on policies to reduce
currency tensions that threaten the global recovery, a
U.S. official said Saturday.
the G-20 has pursued major reforms to the global
economy and financial system,.
ONGC's first commercial power project
to start next year
The state-owned Oil and Natural Gas Corporation's
(ONGC) first ever 726 MW commercial power
project would start generating electricity next year.
The ONGC's biggest power project is being
commissioned in Palatana, about 60 km south of here,
at a cost of Rs 9,000 crore.
Using Facebook, Twitter, YouTube
'refreshes deskbound employees'
A new Melbourne University research has
concluded that Facebook , Twitter and other social
media sites, as well as music and online video
sites like YouTube , are the most productive ways
employees can relax at work.
The ACTU say employers continue to block many
online services to employees, including personal
email and internet banking, as well as monitoring
internet use where there is no need to.
There is also uncertainty, according to the ACTU and human
resource experts, as to what constitutes an acceptable
Internet site for recreational surfing at work.
People who surf the internet for fun - for less than 20
per cent of their work time - were 9 per cent more
productive than those who don't. The research was
based on a sample of 300 workers with access to the
Internet at work
But some sites did not have a revitalising effect,
particularly shopping websites, auction websites, online
banking and sports sites