Disappointing TCS, HCL numbers leave IT defenceless

Tata Consultancy Services and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years, amid investor concern over growth prospects after the financial performance of both software exporters in the September quarter missed analysts’ expectations.

http://economictimes.indiatimes.com/tech/ites/disappointing-tcs-hcl-numbers-leave-it-defenceless/articleshow/44864835.cms

Finance startups boom in China as Hong Kong and Shanghai stock exchanges open up

Online finance has boomed in China over the last year and a half. It started with mutual funds accessible to average citizens, offered by Alibaba, Baidu, and Tencent. Then, a surge in peer-to-peer lending took hold because – like the mutual funds – they also lowered the barrier for individuals to secure personal loans in China. And now a new wave of finance tech is taking hold: wealth management and investment apps.

http://www.techinasia.com/finance-startups-boom-china-hong-kong-shanghai-stock-exchanges-open/

Australian mining minnows head for the clouds

SYDNEY, Feb 4 (Reuters) – Several failed Australian mining firms are finding a profitable future above ground – in the cloud. Three small mining shell firms are the target of reverse takeovers on the Australian Stock Exchange (ASX) to transform into cloud computing services firms, looking to capitalise on Australia’s reputation as a “benign host” in the booming cloud industry.

http://www.reuters.com/article/2014/02/03/australia-cloud-miners-idUSL3N0L41AO20140203