23rd
- You can’t wait for inspiration. You have to go after it with a club.
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It comes as a shock when the truth dawns that every young person is just an older person waiting to happen.
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Ben Elton
Indian IT major Wipro Technologies announced its biggest acquisition yet. Wipro has acquired New Jersey-based Infocrossing in a US$600million deal. The core business areas of Infocrossing are infrastructure management, enterprise application and business process outsourcing.
More at: http://timesofindia.indiatimes.com/Wipro_buys_US_firm_for_600m/articleshow/2261034.cms
Swaminathan S Anklesaria Aiyar, in his weekly The Times of India column, on a very probable financial crisis in the making:
“Ten years ago, the Asian financial crisis sma-shed markets and economies globally. Today, another financial crisis is brewing in the US mortgage market. Is this a small problem that will soon be resolved? Is it a serious problem that will hit financial markets but not sink entire economies? Or is it a disaster that will smash the world economy?
I estimate there is a 33% chance of each scenario — small problem, serious problem, disaster. Which means there is a two-thirds chance of a serious to disastrous downswing.
History repeats itself. An economic boom for several years creates the illusion that business risks have been lowered permanently,…”
More here: http://timesofindia.indiatimes.com/Opinion/Columnists/Swaminathan_A_Aiyar/Swaminomics/Financial_hurricane_from_the_US/articleshow/2256257.cms