UwidoNews

The Banking, Financial Services and Insurance (BFSI) IT Services market in India is expected to grow from $1.6 billion in 2009 to $2.7 billion in 2013, growing at a CAGR of 14.2 percent, according to Springboard Research report The Indian IT Services Market for the Banking, Financial Services and Insurance Vertical. The report also indicated that the BFSI market is intensely competitive and fragmented between a large number of services providers.

An undercover investigation by the BBC has exposed evidence of the theft of credit card details by workers at an Indian call centre used by security giant Symantec.A BBC reporter posing as a fraudster bought allegedly stolen but valid UK card details from a Delhi-based man, who denies any wrongdoing. Three of the victims of the scam had bought software renewals from a call centre which handles Symantec software licences.

Duplicate call letters For Punjab National Bank (PNB) written test .The Call letters for written test to be held on 4.4.2010 for the post of Specialist Officers and Clerks have already been dispatched by IBPS, Mumbai. In case an eligible candidate does not receive the call letter by 29.3.2010,he/she should contact the following offices(as per centre of written test allotted ) for obtaining duplicate call letter by producing a printout of the application, the original cash receipt and ID proof.

A leading academic has challenged the basis on which Bill Gates' multi-billion pound charitable foundation is allocating grants.Bill Gates' £35 billion fund has been credited with increasing the funding for research into many illnesses including HIV and malaria.

Fidelity National Information Services said Wednesday it had agreed to buy Metavante Technologies, a provider of processing services to financial firms, in an all-stock deal valued at more than $2.9 billion.Fidelity National said the boards at both companies had agreed to the transaction, which would create a company with an enterprise value of $10 billion.The terms call for shareholders of Metavante, which was spun off from Milwaukee-based Marshall

"I don't want to pretend that today marks the end of our economic problems,'' President Barack Obama said today, calling the $787-billion economic stimulus bill that he signed "the beginning of the first steps to set our economy on a firm foundation.

India's Tata Steel Ltd will invest about 11 billion rupees ($238 million) to raise its annual domestic iron ore production by 55 percent to 17 million tonnes over two years, the Business Standard reported on Tuesday.

Japan's Suzuki Motor aid on Wednesday it will sell a 19.9 percent stake to Volkswagen for $2.5 billion and use half the proceeds to buy shares in the German automaker, as the two firms form a formidable force in the auto industry.

With the demand from the agricultural sector growing, power distribution companies are imposing unscheduled cuts in the supply to the domestic sector.Domestic power consumers are facing cuts for two to three hours in the day everyday. The demand for power has been 200 mu a day on an average for the past one week and is hovering between 200 and 210 mu as the Rabi season is progressing all over the State.