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Sunday, April 10, 2011

Business News


·         Suresh Vaswani new Dell India Chairman
·         Services Sector growth slows in March
Suresh Vaswani new Dell India Chairman
Suresh Vaswani, until recently the cochief executive officer of Wipro's IT business and an executive director on the board of Wipro Ltd, has joined Dell as chairman of Dell India, and executive vice president, Dell Services, its applications and business process outsourcing organization.
He will report to Steve Schucken brock, president of Dell Services.

Services Sector growth slows in March
Growth in India's service sector slowed in March from February's blistering seven month high as new business growth moderated slightly, while price pressures, particularly wages, continued to raise, a survey showed on Tues day. The seasonally adjusted HSBC Markit Business Activity index, based on a survey of over 450 companies, slipped to 58.8 in March from February's 60.2, but remained above the 50 mark that denotes expansion for the 23rd consecutive month.
“Growth momentum in the services sector remains strong, although it eased a bit in March”, said Leif Eskesen, chief economist for India and Asean at HSBC.
The services sector contributes more than 55% of India's gross domestic product.