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Volume gains
While the recovery in sales volume is positive for Tata Motors, the gains are priced in

No cap on executive pay: Khurshid
Corporate affairs minister also rules out private sector job quota.

News of the day

TCS takes $135 million of new currency hedges
Currency volatility is a concern for India’s largest information technology company, Tata Consultancy Services (TCS). So much so, that it has taken new hedging positions worth $135 million (around Rs 630 crore) for the quarter ending December 31.
International Business

Satyam BPO on hiring spree

The BPO arm of Mahindra Satyam seems to be on a hiring spree with plans to recruit additional 300 persons by next month even as the parent is rationalising its headcount. Markets extend losses in noon trades However, he declined to divulge the name of the new client or the deal size. According to sources, the new win is in the telecom space. The total headcount of the company after the recruitment would stand at 2,900. Though the parent firm Mahindra Satyam has considerable presence in the domestic market, this is the first major win by Mahindra Satyam BPO in the domestic space. Rangineni further said the company would now focus on the sizeable domestic market. “Post the acquisition by Tech Mahindra, we now have a footprint globally and will leverage the strengths of Tech Mahindra wherever they are present,” he said. Mahindra Satyam BPO has one delivery centre each in Hyderabad, Bangalore, Chennai and Pune.


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