Satyam Computers announced a plan to put 10,000 employees a in a Virtual pool. The pay of these employees will be reduced for up to 6 months. The Services on Thursday unveiled a plan which will see it sidestep the sensitive issues of firing the staff but help save the large sum of money in employees' salaries as its new owners.

First Futures Software, the expert solution provider in the domains of Global Exchange Connectivity, Direct Market Access technologies and Straight-Through Processing of real-time market and trade data, today announced the launch of its flagship product - FF.FIX Engine(TM). The much anticipated release of FF.FIX Engine provides a one stop feature-rich solution for the complete trading workflow management, FIX/FAST protocol compliance and global connectivity covering the realms of FIX as well as non-FIX compliant exchanges.

Employment generating companies in the service sector are likely to get a boost in the forthcoming budget in the form of tax incentives. This can be through a tax benefits which will be in proportion to the number of new jobs created by the company said an official with the income-tax department. At present, the manufacturing sector gets a incentive for all additional jobs it creates every year. The government now wants to spread the benefits to companies in the services sectors, too.

AIBM has announced that it has signed a five-year, end-to-end business transformation and information technology (IT) outsourcing agreement with Eureka Forbes Limited, a subsidiary of the Shapoorji Pallonji Group and a leading health and hygiene solutions company. This deal of worth $15 million is based on a unique risk-reward model and will help Eureka Forbes achieve growth by aligning its IT to business strategy. The key objectives of this Risk-reward Model are: increase product revenue, optimize inventory holding, reduced general and administrative expenses and increase revenue from annual maintenance contracts.