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Posted: February 29th, 2012, 6:09pm EST
Infosys and the West Bengal government will work together to address the issue of SEZ status to the IT major's Kolkata unit.
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Posted: February 28th, 2012, 2:55pm EST
While Infosys BPO's employee base in FY12 has grown only around 20% in five years, its revenues will double to almost $500 million.
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Posted: February 28th, 2012, 10:15am EST
NIC is the first insurance customer for Tata Consultancy Services in Africa, though the company is already serving banks in the region, the statement said.
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Posted: February 28th, 2012, 9:22am EST
IT services provider Mahindra Satyam said that it has inducted M Rajyalakshmi Rao as an additional director on the board of the company.
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Posted: February 28th, 2012, 2:15am EST
NEC is in talks to acquire stake from founders of the company led by Atul Nishar & his family and PE investors General Atlantic & ChrysCapital.
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Posted: February 27th, 2012, 6:04am EST
Senior executives from across the technology spectrum urged the need for IT tax regime without any ambiguities and policy incentives for small and medium IT firms.
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Posted: February 27th, 2012, 4:13am EST
Isis, a venture of three of the top four U.S. mobile providers, said on Monday it has signed a deal with three major banks.
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Posted: February 25th, 2012, 5:49am EST
IDBI Bank's infotech subsidiary today said it is in the process of partnering with business analytics software and services firm SAS to offer data mining and business analytics solutions to the banking sector.
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Posted: February 24th, 2012, 12:20pm EST
Assuring all help, the West Bengal govt asked Infosys to come out with an alternative plan rather than seeking SEZ status for its unit at Rajarhat.
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Posted: February 23rd, 2012, 12:47pm EST
Mahindra Satyam said the Andhra Pradesh High Court has stayed the provisional order from the Income Tax Department to attach land and buildings of the company.
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Posted: February 23rd, 2012, 5:27am EST
Tech Mahindra is awaiting 'official communication' from Etisalat after a report that the carrier has cancelled its outsourcing contract with the provider.
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Posted: February 22nd, 2012, 6:48am EST
Logica said revenue will likely be broadly flat in 2012, although margins will recover to above 6.5 per cent from 6.2 per cent in 2011.
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Posted: February 21st, 2012, 12:42pm EST
The government is encouraging Indian IT companies to focus on emerging markets for steady growth in the sector.
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Posted: February 21st, 2012, 3:33am EST
Bengal government will send a communique to Infosys informing it that the state cannot recommend its project for SEZ status.
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Posted: February 20th, 2012, 12:11pm EST
West Bengal Industry Minister Partha Chatterjee said the Mamata Banerjee government is against special economic zones (SEZs).
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Posted: February 20th, 2012, 9:23am EST
Mahindra Satyam said it has entered into a global services agreement with FuelQuest, a Houston based software and services provider for energy industry.
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Posted: February 20th, 2012, 7:33am EST
West Bengal government will write to Infosys Technologies explaining the state's stand on the company's plea to get the SEZ status for its first unit at Rajarhat near the metropolis.
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Posted: February 18th, 2012, 5:59am EST
IT-BPO sector has put India on the global map once again and it would play even bigger role in the country's development in the present century.
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Posted: February 18th, 2012, 4:58am EST
FICCI says clarity needs to be provided on the 'Place of Effective Management' definition in the proposed Direct Tax Code (DTC) which is to be used for determining the tax residency of a foreign corporation.
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Posted: February 17th, 2012, 12:19pm EST
Sanovi Technologies opened its subsidiary in Dubai to market its enterprise disaster recovery management products in the Gulf region, including the UAE, and African countries.
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Posted: February 17th, 2012, 6:45am EST
Kerala's biggest IT employer UST Global expanded its Bangalore operations which will initially accommodate 600, with the capacity to expand to over 5,000.
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Posted: February 17th, 2012, 6:32am EST
After being a prominent employer in the IT sector in tier 2 cities in Kerala, UST Global has embarked on an expansion in Bangalore.
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Posted: February 15th, 2012, 6:11pm EST
The industry needs better frameworks for communicating threat information and strengthening the security posture of all interconnected parties.
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Posted: February 15th, 2012, 3:59pm EST
The CBDT's counsel said the department had issued the order anticipating tax accrued to the department amounting to Rs 4,000 crore.
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Posted: February 15th, 2012, 3:14pm EST
The company, which has been planning a centre in Gujarat, said at present only the issues related to availability of land at fair price are being considered.
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Posted: February 15th, 2012, 9:56am EST
The insurance practice of the $3.9-bn HCL has been built on domain expertise with application and process optimisation capabilities across the quote-to-claim cycle.
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Posted: February 15th, 2012, 9:33am EST
Discretionary spending refers to technology programmes and applications that are desirable for global companies but not critical for businesses to carry on.
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Posted: February 15th, 2012, 4:05am EST
IT company Manthan Systems today said it has secured $ 15 million investment from the US-based Norwest Venture Partners.
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Posted: February 15th, 2012, 1:52am EST
IT sector is lagging behind electricity and manufacturing sectors in terms of attracting investment in the state, according to Assocham.
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Posted: February 14th, 2012, 5:31pm EST
HCL Technologies on Tuesday said it will slash jobs and close a call centre in Northern Ireland over the next three months.
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Posted: February 14th, 2012, 11:09am EST
These cities are Chandigarh, Lucknow, Gawahati, Jaipur, Bhopal, Indore, Ahmedabad, Vododhara, Bhubaneswar, Vizag, Coimbatore, Kochi, Kanpur and Patna.
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Posted: February 14th, 2012, 10:32am EST
West Bengal Industries and Commerce Minister Partha Chatterjee said Infy should "realise" the position of the state government on special economic zones.
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Posted: February 14th, 2012, 6:54am EST
HCL BPO Services has announced 90- day consultation period on proposals to close contact centre in Armagh and to cut jobs at Belfast centre.
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Posted: February 14th, 2012, 5:31am EST
Business from emerging markets will help India's flagship information technology sector counter slowing demand in Western nations.
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Posted: February 14th, 2012, 4:10am EST
N Chandrasekaran said that taxation issues on onshore tax exist and that the IT industry needs a simplified tax structure in this Budget.
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Posted: February 13th, 2012, 6:17pm EST
The exact value of the deal is not known, it is likely to be worth over $100 million. TDC is one of CSC's largest private sector clients.
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Posted: February 13th, 2012, 12:34pm EST
Export revenues from the infotech and IT-enabled services sector are expected to grow between 11 and 14%in US $ terms.
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Posted: February 13th, 2012, 7:46am EST
India's IT sector is well placed to take advantage of the current Eurozone crisis as an increasing number of companies will look at "offshoring" as a way to cut their costs, says an expert with a leading consultancy.
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Posted: February 13th, 2012, 2:30am EST
Cognizant will support more than 1,000 Future Group stores-including Pantaloons, Big Bazaar, Food Bazaar, Central, Home Town.
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Posted: February 11th, 2012, 4:38am EST
India's third largest software exporter, Wipro on Friday said that its contarct with Uninor continues to hold as of now. Sources told ET Now that this contract is estimated at $500 million.
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Posted: February 11th, 2012, 4:38am EST
India's third largest software exporter, Wipro on Friday said that its contract with Uninor continues to hold as of now. Sources told ET Now that this contract is estimated at $500 million.
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Posted: February 11th, 2012, 12:36am EST
In recent quarters, the revenue differential has narrowed down to about $300-400 million from about $800-900 mn three years ago.
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Posted: February 10th, 2012, 11:56pm EST
The list, which is topped by Google, has three Indian firms. Wipro is at the 11th spot, HCL is at 16th and TCS at 19th.
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Posted: February 10th, 2012, 11:02am EST
The yatra will also help students gain access to Microsoft's other academic initiatives like Imagine Cup and the Student-to-Business programme.
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Posted: February 9th, 2012, 8:23pm EST
Tata Consultancy Services earned $1.37 billion during the quarter ending December from the country, compared to Cognizant's $1.32 billion.
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Posted: February 9th, 2012, 12:17pm EST
Domestic IT market is expected to be $36 billion by 2015 driven by higher adoption in small amd medium business segment, says a study by market research firm Zinnov.
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Posted: February 9th, 2012, 12:04am EST
In March, the CEOs will gather in Los Angeles, to be part of a unique programme run by a little-known educational institution called Singularity Univ.
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Posted: February 8th, 2012, 11:45pm EST
The proposed SEZ projects by IT cos Infy and Wipro in West Bengal are likely to be infinitely delayed, given the state govt's continuing opposition to SEZs even under chief minister Mamata Banerjee.
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Posted: February 8th, 2012, 8:48pm EST
Cognizant added more incremental business than India's top three software exporters and said it expected to grow 23% to $7.53 billion in 2012.
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Posted: February 8th, 2012, 9:49am EST
The total size of business of selling retail goods on the internet, commonly known as e- tailing, is set to touch USD 70 billion mark by 2020 in India.
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Posted: February 8th, 2012, 8:08am EST
Gaming start-up Gamiana has raised funding of under $1 million from the Indian Angel Network (IAN).
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Posted: February 8th, 2012, 5:14am EST
TCS will hold 60% stake in this joint venture entity whereas 40% will be held by the Japanese company Mitsubishi Corp.
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Posted: February 8th, 2012, 2:43am EST
More technology companies from Gujarat are now seeking global visibility by increasing participation in international exhibitions.
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Posted: February 7th, 2012, 8:52pm EST
Genpact on Tuesday beat market expectations to report a 27% rise in its annual revenues to $1.6 billion, on account of cash flows.
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Posted: February 7th, 2012, 2:10am EST
NASSCOM estimates that Indian industry employs over 100,000 in US up from 20,000 six years ago, and in addition it supports 200,000 other jobs.
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Posted: February 7th, 2012, 12:29am EST
Analysts said the move may be inspired by the success of Apple Inc, which has hundreds of its own glitzy stores to show off iPhones, iPads and other gadgets and accessories.
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Posted: February 6th, 2012, 5:49pm EST
Since the Indian software industry and Nasscom came into existence, the association has been coming out with the Nasscom top 20 IT exporters' list.
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Posted: February 6th, 2012, 3:41pm EST
Last month, the screens showed that the Aadhaar number count was inching close to 120 million, about a fifth of the way to its target by 2014.
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Posted: February 6th, 2012, 10:23am EST
Europcar's IT subsidiary Eurocar Information Services selected TCS to manage strategic IT services development for its French operations, TCS said.
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Posted: February 5th, 2012, 8:06pm EST
Phaneesh Murthy's fast-track integration, many fear, may be skewed in favour of iGate and its investors rather than Patni.
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Posted: February 4th, 2012, 6:52am EST
Gopalakrishnan said the reason why the IT industry has scaled itself up is because cos adapted to the changing times, providing them with huge growth opportunities.
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Posted: February 2nd, 2012, 11:59pm EST
"Despite an expected moderation in revenue growth in 2012 from 2011 levels, the outlook for the Indian IT services sector is stable on the back of its strong liquidity position," Fitch said in its annual report
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Posted: February 2nd, 2012, 11:48pm EST
BHOPAL: With IT majors like Infosys and TCS gearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to position itself as the most sought-after destination after metros like Bangalore, Pune and Hyderabad which are facing severe space crunch.
As per the MoU signed between the Shivraj Singh Chouhan government and Infosys, the IT major is setting up its unit with the investment of Rs 600 crore on 130 acres of land on the Indore-Ujjain Super Corridor.
The project likely to be completed in five years will generate 13,000 jobs.
The Rs 98-crore Super Corridor connects Indore and Ujjain.
With Infosys setting up its shop, another global leader TCS is too not lagging far behind.
"We have also got a proposal from Tata Consultancy Services (TCS) for inking an MOU for setting up IT facility in the Super Corridor," Madhya Pradesh Industries Minister Kailash Vijaywargiya told PTI yesterday.
When asked about the details about the proposal, the minister said it would be more or less on the same lines as that of Infosys.
After studying the proposal and clearance by the State Law Department, dates for inking MoU with TCS will be finalised, he said.
With the two IT giants entering the state, Madhya Pradesh is set to become a major IT destination and a hub for the software industry, Vijaywargiya said.
