Wage hikes in both information technology and BPO sector is not likely to see any moderation from next year but would continue to grow at the current rate of 12-15 per cent annually, a senior Infosys Technologies official said.
The Indian Business Process Outsourcing or BPO sector seeks an extension in tax holiday from the Indian finance minister P. Chidambaram in the annual general budget to be announced later this...
The U.S. government raised the minimum wage by .70 to $5.85 Tuesday, the first increase in 10 years. The federally mandated wage hike is the first of three that will push the minimum wage to $7.25...
Unemployment is rising, but inflation driven by higher energy and food prices cannot spread to other sectors because the buying power of wages is falling sharply.
The Dow fought hard to close above 13,000 as a spike in oil prices took a bite out of a triple-digit rally. Blue chips settled for a 48 point gain. The S&P 500 rose 4, the Nasdaq dropped 3. For...
The credit crunch could last another 18 months, the head of Britain's largest mortgage provider has said. Andy Hornby, chief executive of HBOS said house prices were not likely to rise again until...
The Bank of Japan is not likely to hike rates soon because the economy is in deflation says Uwe Parpart, managing director of fixed income and currency research for Cantor Fitzgerald in Hong Kong....
The on again, off again talks between Yahoo and Microsoft are....well.....off again. This time....Yahoo blames Microsoft - saying the software giant took a $47-1/2 billion offer and walked out the...
The Canadian economy's record of habitually churning out robust employment growth came to an abrupt end in December, as 18,700 jobs disappeared, Statistics Canada said Friday. The report was...
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