Infosys aims $4b revenue

BANGALORE: Riding on the outsourcing boom, IT bellwether Infosys Technologies Ltd has set a revenue target of $4.02 billion for the current fiscal projecting a year-on-year growth of 30 per cent under the US GAAP. In a notification to the stock exchanges here, the company said topline revenue growth was estimated to be about Rs 173.08 billion ($4 billion) for FY 2008.—HNS

Cronyism at WB

WASHINGTON: The president of the World Bank, Paul Wolfowitz, was battling to save his job after admitting he had blundered over the handling of a promotion and pay rise for his partner, Shaha Riza. Mr Wolfowitz’s future was being discussed by the bank’s 24-strong board.—The Guardian