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Morgan Stanley ropes in Merrill Lynch's Fleming
Financial services major Morgan Stanley has appointed Merrill Lynch President and Chief Operating Officer Gregory J Fleming to head its investment management group.

TCS plans to hire 11,000 this quarter
Given the potential for growth, IT major, Tata Consultancy Services (TCS), is looking at hiring 8,300 trainees and around 3,000 laterals or experienced persons in Q4 FY10, a senior company official said.

News of the day

Investor wealth swells by Rs 1.07 lakh cr in a day
The total investor wealth on the Bombay Stock Exchange rose by over Rs 1.07 lakh crore today as positive cues from global markets led the rally in today"s market, which surged over 2.55 per cent.
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'275 mn 3G subscribers in India by 2013'

With the availability of 3G spectrum, about 275 million Indian subscribers will use 3G-enabled services, and the number of 3G-enabled handsets will reach close to 395 million by 2013-end, estimates the latest report by Evalueserve, a provider of Knowledge Process Outsourcing (KPO) services. - 275 mn 3G subscribers in India by "13: Evalueserve - StanChart to hire 2,000 staff; to open KPO in B"lore - 3G pre-bid conference date to be announced this week - Cabinet Secy calls meeting with DoT, Defence on spectrum release - 4G threatens to spoil govt"s 3G party - Auction 3G spectrum to only 4 operators, DoT tells EGoM Although the Centre has allotted two state-owned operators — Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) for the roll out of 3G services in over 12 Indian cities, the technology will gather steam only when private telecom operators are also allotted 3G spectrum, says the report. The growth in the 3G subscriber base is expected to be driven primarily by the adoption of the service by the urban (above poverty line) customer segment. This segment is expected to be the fastest adopter of the new technology.


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