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Is this going to be the turning point for the sensex? Will this be a firm support level for some time to come? Will the much talked about ‘Result Season’ bring the glorious days of the sensex back? Is this the right opportunity to enter the market again with ‘all guns blazing’? With uncertainty all around (high growth projections, high inflation, election fever etc.), that only time can tell. For the time being, we can only relish the good news as it comes and hope that the peaks are found again.

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Not Bad for $400 ?

Microsoft Corporation and HCL Infosystems on Friday announced a series of joint initiatives, including launch of world’s cheapest ultra portable laptop and setting up of centre of excellence, which will employ over 500 professionals.

Priced at Rs 16,990 (for Mileap X series), MiLeap brand of HCL laptops with Microsoft Windows XP Home operating system is the lowest priced among the MS operating system powered laptops, the company officials said. This laptop is powered by an Intel Celeron M processor (900 Mhz) on an Intel 915GMS chipset with a 512 MB DDR2 RAM. It comes with a 2GB solid state device as hard-disk. MiLeap X series of HCL Laptops is a fully functional series with a weight of 1.4 kg and 7” LCD running Linux with GUI.

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The Indian IT and ITeS sector is unlikely to be affected by a slowdown in the US market, IT industry body NASSCOM on Friday said. “Though the slowdown might affect the industry in the short-term, but in the long run the Indian IT and BPO sector will continue to maintain healthy growth rate,” NASSCOM President Som Mittal told reporters.

India’s outsourcing industry is grappling with an appreciating rupee and the sluggishness may remain for another four-to-six months, he said. However, the sector expects to meet or even exceed its software export target of 60 billion dollars and overall software and services revenue goal of $73-75 billion by 2010, he added.

“The financial turmoil in the US and elsewhere could drive businesses to farm out more work to cheaper Indian firms,” newly elected Vice-Chairman of NASSCOM Pramod Bhasin said.

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Microsoft, playing a bully yet again, has threatened to take its offer directly to the shareholders of the Internet giant Yahoo! and hinted even at a proxy contest for a new board, if an agreement is not reached within the next three weeks. Continue Reading»

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