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F&O OUTLOOK: Correction to stay on course
The Sensex and the Nifty closed in the red on Friday on profit-booking in technology stocks and lack of interest in other pivotals at current levels. The trading volume on the F&O segment remained lackluster as the Nifty provided little scope for trading since it moved in a tight range of 20-30 points on Friday.

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Trikona Capital ends deal with Indian advisers
Trikona Trinity Capital, the Alternative Investment Market (AIM)-listed real estate fund, has terminated the contract with its India advisers, Trikona Advisors.

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NIIT Tech Q2 net declines 12% on forex losses
IT solutions provider NIIT Technologies today reported a 12 per cent fall in its profit after tax to Rs 32.1 crore for the second quarter ended September, due to volatility in currency movement.
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Mahindra Satyam ramps up services in Malaysia

Mahindra Satyam, the new brand identity of Satyam Computer Services, a leading global consulting and IT services provider, has selected Malaysia to kick off international expansion - enlarged its global solution center operations in 15 acre campus in Cyberjaya, the company said in a BSE filing. - Prepare for more range-trading - Mahindra Satyam to appoint 1,000 freshers by Dec 15 - Satyam rebounds, ends up 3% - No special favour given to Mahindra Satyam: Khurshid - Mah Satyam to repay funds of Geelong project - Satyam gets notices for Rs 1,230 cr worth claims As a country-specific investment strategy, the newly rebranded company announced it would enlarge its Global Solution Centre (GSC) operations in Malaysia by moving more global software development and delivery operations to its GSC, located at a 15-acre site in Cyberjaya, Malaysia’s prominent info-Comm Technology (ICT) corridor. This latest development which takes place just five months after the new owners, Tech Mahindra, gained control of the Hyderabad-based software company, demonstrates the continued commitment of the company’s new owners to Malaysia’s strategic role in Mahindra Satyam’s global growth plans. Relocated from its present premises to a larger facility in Cyberjaya, the new state-of-the-art GSC - which has 18 configurable Offshore Development Centre blocks, 1100-seat development block and a data centre to host 1100 services - will serve as Mahindra Satyam’s largest technology development and delivery facility outside of India. By focusing on providing a full range of both mainstream business and technology functions like Remote Infrastructure Management Outsourcing, Business Processing Outsourcing, Software Services as well as some specialised Software Testing, the new GSC substantially ramps up Mahindra Satyam’s range and export of offshore delivery capability from Malaysia.


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