Weaker rupee and cost cuts bolster profit at Wipro International Herald Tribune
Wipro, a computer- services company controlled by India's second-richest man, on Wednesday reported profit that beat estimates, as it reduced costs by hiring recent graduates and sold more profitable services like credit card processing.
Wipro Profit Rises 48 Percent, Exceeding Estimates Update4 Bloomberg.com
Oct. 18 (Bloomberg) -- Wipro Ltd., controlled by India's second-richest man, reported net income that beat estimates as it sold more profitable services such as credit-card processing.
China Sees Rapid Prepaid Card Growth Mercator Advisory Group ePaynews
Oct 18 2006 : China has the world’s largest and fastest growing prepaid card market, reveals a study from Boston, Massachusetts-based Mercator Advisory Group.
Wipro Profit Rises 48 Percent, Beating Estimates Update2 Bloomberg.com
Oct. 18 (Bloomberg) -- Wipro Ltd., a computer-services company controlled by India's second-richest man, reported profit that beat estimates as it hired graduates to cut costs and sold more profitable services such as credit-card processing.
Movie tickets by mobile phone Channel NewsAsia
Singapore-based mobile-commerce company Tagit has launched a mobile ticketing service in India and expects to do the same here soon.
U.S. Market To Open Flat With Focus On Earnings SeekingAlpha via Yahoo! Finance
Asian markets record third straight down day; U.S. initial job claims drop by 10,000; Bank of America, Coca-Cola, Pfizer report strong quarters - Citibank does not.
Editorial roundup AP via Yahoo! News
Excerpts from recent editorials in newspapers in the United States and abroad:
BUSINESS DIGEST San Jose Mercury News
Local and StateNews High gas prices helped boost revenue for Occidental Petroleum in the third quarter, but profit for the Los Angeles oil and gas producer fell 33 percent compared with year-ago results that included hefty one-time gains, the company said Wednesday.
U.S. Stocks Rise, Sending Dow Toward 12,000, as Inflation Eases Bloomberg.com
Oct. 18 (Bloomberg) -- The stock market renewed its fourth- quarter rally, helping the Dow Jones Industrial Average advance toward 12,000, as the year's steepest drop in consumer prices removed the threat of accelerating inflation.
:::- ARAB TIMES -::: Arab Times
KUWAIT CITY: The high competition among the Internet-phone service providers in Kuwait is leading to a price war as per-minute charge for calls to India, Pakistan and Philippines have fallen to as low as 50 fils in some areas of Kuwait, say service providers under conditions of anonymity, speaking to the Arab Times Sunday.

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