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Ahluwalia Contracts bags four orders worth Rs 242 cr
Construction firm Ahluwalia Contracts India today said it has bagged four orders worth Rs 242 crore from various vendors for construction-related works.

Bulls to rule above 5,210
Bears were caught on the wrong foot, as the suspected downmove reversed sharply on positive economic developments. Last week, I had mentioned the downmove looked suspect because of the low volumes. The upmove has been quite sharp and the indices managed to record new 15-month highs on Thursday, the last trading day for the week. Next week is also a curtailed one with just three trading days, as the exchanges have declared holidays on Monday and Friday.

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Govt banks struggle, but private banks'credit growth picks up
After losing customer accounts to public sector banks at the height of the downturn, private sector banks seem to be on their way back.
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Infosys BPO partners US firm to provide mortgage solutions

Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, has forged an alliance with MortgageFlex Systems to provide offerings to the mortgage industry in the US . - Six in top-10 club add Rs 28,000 cr in market cap - Narayana Murthy mulls investment in green VC fund - Infy to use its internships to attract more global talent - Wipro, Infosys deals help Sensex stage a rally - Infosys to go slow on Bengal expansion plans, ICICI seeks land - F&O OUTLOOK: Support seen near 4,550-4,600 MortgageFlex Systems is an origination and servicing technology solutions supplier for the US mortgage industry. The Infosys-MortgageFlex partnership will offers a combination of loan modification services as defined under the Home Affordable Modification Programme (HAMP) or alternative loan modification programme. “The partnership with MortgageFlex allows us to provide a unique offering to the US market. The combination of process capabilities and technology will allow lenders to compete effectively given emerging market dynamics,” said Ritesh Idnani, Head Worldwide Sales and Marketing and IBU Head, BFSI, Infosys BPO. Infosys BPO has over 800 associates who work with the banking and mortgage clients in areas such as originations, servicing, secondary marketing, default management, collections and loan modifications.


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