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Thursday, June 10, 2010

HCL Infosystems to set up R&D unit at Technopark

HCL Infosystems will set up its first unit in Kerala at the Technopark campus here.

Technopark Chief Executive Mervin Alexander told reporters here Saturday that HCL will set up a R&D unit on a two-acre plot in the Technopark campus.

The third phase of the Technopark, dedicated to IT ventures, is coming up in an area of 92 acres, of which 22 acres would be given out to those who need their own campuses.

“IBM officials have also had a few round of talks with us and we expect that they too would be setting up shop here,” said Alexander.

IT majors Infosys and Wipro have already set up their offices in the state.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 16
17:45 Housing Starts s.a (YoY) 1 279.5K 248.0K 278.6K
18:00 NY Empire State Manufacturing Index 2 -16.0 -5.5 -9.2
21:00 6-Month Bill Auction 1 4.155% 4.150%
21:00 3-Month Bill Auction 1 4.24% 4.25%
22:30 20-Year Bond Auction 1 4.942% 5.047%
Tuesday, Jun 17
02:30 Westpac Consumer Survey 2 89.2
04:15 Food Price Index (MoM) 1 0.8%
18:00 Retail Sales ex Autos (MoM) 2 0.1% 0.1%
18:00 Retail Sales (MoM) 3 -0.7% 0.1%
18:00 Retail Sales (YoY) 1 5.2%
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