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Change of guard at TCS today
Natarajan Chandrasekaran (called Chandra by colleagues and friends) will take charge as the managing director and chief executive officer (MD & CEO) of India’s largest information technology services provider, Tata Consultancy Services (TCS), from S Ramadorai tomorrow. He’s the third in the line of TCS’ CEOs, after F C Kohli and Ramadorai.

LIC Housing Fin Q3 net up 14% to Rs 154 cr
LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent.

News of the day

Carnation ties-up with Fiat firm for premium car service
Carnation Auto, the multi-brand car service provider promoted by former Maruti Suzuki head Jagdish Khattar, today joined hands with Fiat Group firm Magneti Marelli for servicing premium cars in the country.
International Business

MPs goodwill visit to Egypt, Greece put off as austerity step

The first foreign visit by a delegation of the 15th Lok Sabha has become a victim of austerity measure. - Following UP concept in other states is a shallow idea: Rahul - Making the grade - Govt may finalise rules of IT (Amendment) Act in a month - Khanduri takes complaint to RSS chief - Advani was at centre of cash-for-vote drama: Jaswant - BJP summons Raje to Delhi on Monday Parliamentary Affairs Minister Pawan Kumar Bansal has cancelled a goodwill visit by MPs to Egypt and Greece from September 28. Bansal was to lead the delegation during the 10-day tour. The decision was taken in view of the austerity measures initiated by the government in view of the drought, officials said. Congress President Sonia Gandhi had only a couple of days back conveyed to External Affairs Minister S M Krishna and his deputy Shashi Tharoor to shift out of their temporary accommodations in five-star hotels. The Finance Ministry had only recently appealed to all ministries to observe austerity measures and the Prime Minister"s Office had asked ministers to undertake foreign tours if absolutely necessary. A meeting of the Congress Working Committee last month had asked party Ministers, MPs, MLAs and office bearers to donate 20 per cent of their salary for drought relief.


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