Business News

iViZ discovers new vulnerability affecting Microsoft, Intel, HP, Lenovo and others Posted: 01 Sep 2008 02:05 AM CDT Kolkota, Sept 1(ANI/Business Wire India): iViZ, an Indian information security startup offering on-demand Penetration Testing, announced its discovery of a new class of vulnerability earlier this month at Defcon 16, the world's leading security conference.

Globe7 opens San Francisco Office Posted: 01 Sep 2008 02:05 AM CDT San Francisco, Sept 1 (ANI/Business Wire India): Globe7 Americas, Inc., a wholly owned subsidiary of Hong Kong-based Globe7 HK Ltd., has opened U.S. advertising and business development offices to offer businesses looking to expand into Asia with advertising solutions.

Incentive plans in BPO companies lag general market practices Posted: 01 Sep 2008 02:05 AM CDT New Delhi/ Mumbai, Sept 1 (ANI/Business Wire India): Attrition rates in India's lucrative BPO industry are about 7.8 percentage points higher than in other industries, according to a report released today by Hay Group, a global management consulting firm.

Indian shares fall 1.9 pct as oil rises, banks down Posted: 01 Sep 2008 01:50 AM CDT BANGALORE (Reuters) - Indian shares dropped 1.9 percent on Monday, led by lender ICICI Bank, as a rise of more than $1 in global oil prices raised concerns about higher inflation and more policy tightening.

SpiceJet says no plans to cut air fares; shares up Posted: 01 Sep 2008 01:47 AM CDT NEW DELHI (Reuters) - Low-cost carrier SpiceJet Ltd said it does not plan to cut air fares even as jet fuel prices in the domestic market were slashed by 16 percent from Monday.

Gammon Infra to build hydel power plant in Himachal Posted: 01 Sep 2008 01:27 AM CDT MUMBAI (Reuters) - Gammon Infrastructure Projects Ltd said on Monday it has won rights to build the 261 megawatt Youngthang Khab hydroelectric plant in Himachal Pradesh, on build-own-operate-transfer basis.

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