TCS’s better-than-expected Q3 profits help sentiments: While Infosys had come out with Q3 results that belied analyst expectations a little, Tata Consultancy Services (TCS) has given a much needed relief to a bearish market by posting a net income of 23.7 billion rupees in the October – December 2010 quarter. This is above analyst expectations by a notch. Bloomberg said its polls had indicated a profit of 21.9 billion rupees. TCS stocks rose 2.9 percent Rs 1,171 in early morning trading at the Bombay Stock Exchange on January 18, helped by a Sensex that was up 101 points at 9:15 am.
Groupon to acquire India’s SoSasta: According to various media reports, the Chicago, US-based deal-of-the-day Web company, Groupon is acquiring Kolkata, India-based deal making site SoSasta for an undisclosed amount. SoSasta offers deals for 11 major cities in India, including Delhi/NCR, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Pune, Ahmadabad, Chandigarh, Jaipur and Nagpur. News reports say post the acquisition, SoSasta could be rebranded as Groupon India. This reminds one of the rebranding of Baazi, post its acquisition as eBay India.
To make a service inquiry, click http://www.businessandmarket.net/p/your-inquiry.html
