TATA CONSULTANCY TO BUY CITI ARM FOR $505 MN

Notwithstanding the crisis in the global financial system, leading Indian information technology major Tata Consultancy Services (TCS) on Wednesday said it will buy the outsourcing arm of Citigroup for $505 million. In addition to the acquisition, TCS has entered into a $2.5 billion pact with US-headquartered Citigroup to provide outsourced services for a period of nine-and-a-half years

Hindustan Times

PC SALES CROSS 7.3 MN UNITS, UP BY LAST YEAR'S 16 PC

Driven by growing notebook consumption in the country, personal computer sales crossed 7.3 million units in 2007-08, registering a growth of 16 per cent over the previous year. Information Technology (IT) consumption in 2007-08 was led by a significant growth in notebook sales, which grew by 114 per cent.

The Economic Times