The world's greatest investor Warren Buffett may have shied away from putting his money in Indian companies so far, but those fulfilling his investment criteria include at least three companies based in India – namely Infosys, Wipro and Satyam Computer.

Standard and Poor's, one of the world's biggest investment services providers that compiles a list of stocks meeting the legendary investor's appetite twice a year, has named the three of the biggest names in Indian IT space in the latest model portfolio.

The American Depositary Receipts of the three Indian IT giants have been named alongside global giants Microsoft, Oracle, Ericsson, Cisco Systems, Diageo, China Mobile and SAP.

Besides, the list also includes 3M Company, Altria, British American Tobacco, Mcgraw-Hill Company and Qualcomm.

Standard & Poor's has been updating its S&P Promising Growth Portfoio twice a year -- in February and August --since 1995 and it includes stocks reflecting the criteria that Buffett has emphasised in the past, although "these are not necessarily stocks that Buffett has bought or ever personally plans to buy."

The latest list consists of 55 stocks across sectors like healthcare, consumer products and technology and marks a growing number of European and Asian names, S&P said.

In the previous list published in February, there were a total of 56 stocks and included Infosys and Satyam Computers.

Wipro has become the third Indian company to make it to the portfolio in its latest edition. However, the previous list included Cognizant Technology based in US, but has significant exposure India with a majority of its labour force and operations being in the country.

Courtesy : Expressindia.com

The top three US wireless service providers said on Friday they would start selling the successor to Motorola Inc's Razr phone, which includes a 2 Megapixel camera and a music player.

Motorola had unveiled the Razr2, a slimmer version of its once-lauded flagship Razr, in May amid flagging market share due to a lack of advanced phones.

The company has faced criticism for cutting the price of its original Razr phone too quickly and for depending too much on the Razr, which has sold 100 million phones since late 2004, instead of coming up with new product concepts.

Service provider rivals AT&T Inc, Verizon Wireless and Sprint Nextel Corp announced plans on Friday to start selling the Razr2, which will work on their high-speed wireless networks, in coming weeks.

AT&T and Verizon Wireless, a joint venture of Verizon Communications and Vodafone Group Plc, both said they would start selling the phone in September for $299 to customers who sign a 2 year contract.

Sprint said it would start taking telephone orders for the phone on Aug. 22 and will charge $249 to customers who sign up for a 2 year contract. It plans to start selling the device in its stores on
Sept 4.

Courtesy : Expressindia.com