NEW DELHI - The Federation of Indian Chamber of Commerce and Industry Wednesday expressed concern over US President Barack Obama's statement on ending tax breaks for outsourcing companies, saying 'protectionist measures could deteriorate the situation further'.

BANGALORE - Indian IT bellwethers Infosys Technologies and Wipro Wednesday expressed confidence that the US would not take any measure that would hurt its global competitiveness.

HYDERABAD - The Andhra Pradesh government Wednesday promised to render all possible assistance to the Central Bureau of Investigation (CBI) in probing the massive fraud in Satyam Computer Services after the High Court expressed its displeasure over the lack of cooperation with the investigating team.

HYDERABAD - The government-appointed directors of Satyam Computer Services are set to meet here Thursday amid indication they are yet to receive the official go ahead for the process to be adopted to get a strategic investor to keep the cash-starved IT major afloat.

WASHINGTON - In a message that may not be music to Indian outsourcing firms, US President Barack Obama has served notice that he would end the tax breaks for corporations that ship jobs abroad.