Data warehousing expert Teradata has opened a second Global Consulting Centre in India at Pune. Teradata’s Pune Global Consulting Centre will offer business intelligence solutions for telecommunications, retail, manufacturing, banking and insurance industries in the Americas. Teradata selected Pune because of its talented pool of mature IT professionals and IT educational institutions that can provide […]
Tata Consultancy Services has rolled out IT-as-a-Service (ITaaS) for small and medium businesses. A subscription-driven model, some of ITaaS’ features include: 1) Customized low-cost solutions scalable to SMBs growing needs 2)Â Flexible pricing options that lets SMBs pay as they use 3)Â Allows SMBs to take advantage of TCS’ intellectual property, infrastructure and scale, as well as […]
ICICI Bank has lost $263 million because of its exposure to credit derivatives and fixed income investments. ICICI executives acknowledged that the bank and its overseas banking subsidiaries have an aggregate exposure of $2.2 billion in credit derivatives. The bank claims it †has no material direct or indirect exposure to US sub-prime creditâ€.
Greedy desi butcher and Citigroup CEO Vikram Pandit may fire more employees than previously reported. Soon after taking over as CEO of struggling Citigroup, Vikram Pandit started sacrificing Citi jobs even as he grabbed about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. New […]