Market is likely to open on a dismal note today with profit booking is expected during the day.

Infosys Technologies, India’s second major IT exporter has trimmed its personnel at Infosys by 5% in Australia.

Infosys Technologies anticipates IT services to be sluggish in the near prospect as consumers halts technology expenditure in the middle of the international financial catastrophe.

Dell, IT major on Friday registered an 48% drop in net returns and stated it could reduce Asia-Pacific areas’ jobs as its strategies to sustain USD 4 billion to surge over the financial recession.

Singapore Airlines have picked Tata Consultancy Services to supply IT services for 3 years for a group of applications utilized by the Singapore Airlines Group of Companies.

IT Major, Satyam’s board discussed price setting guidelines today for a favored share matter to a tactical investor in the outsourcer at the centre of India’s major commercial scam.

Avantel, IT firm rushed forward on Friday by more than 4% after the company received a Rs.6.85 crore deal from Defence Ministry to provide satellite communication goods to Coast Guard.

IT Company, Satyam Computer Services has commanded Anil Kumar, based in the United States, who headed the financial services, banking and insurance vertical to resign.

Dell Inc has set aside above $2.57 million for organizations endorsing education.

The BSE IT index was low with 2.72% at 2,114.53 at 14:04 IST, which did well on the Sensex that was low with 3.29%.