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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
The Street is especially looking forward to the management commentary to get a sense of its new direction
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
Bureau has registered just one product so far despite 1,500 applications.
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
It, however, is yet to decide on the annual wage rise.
In the quarter ended March, the company's overall headcount fell by 791 to 84,403.
Move to help employees get more without raising their salary base
Q4 turned out to be a much softer quarter than we expected, and some of the ramp-ups did not happen.
It might take a little longer for demand to pick up in India's IT outsourcing services industry.
The US company is driving this strategy through a combination of initiatives, including working with telecom carriers to offer Facebook to users at an affordable rate.
The $100-billion export-driven sector has been vocal on the need to move up the value chain with increased automation, offering services bundled with software products and platforms.
On Tuesday, Nasscom announced at its 21st Leadership Summit that it expected the sector to grow 12-14 per cent in FY14, better than the 10.9 per cent growth it would report for FY13.
Infy CEO and MD talks about the factors behind the company's performance in the quarter.
Indian information technology (IT) and businesses process outsourcing (BPO) firms that are heavily dependent on business visas can heave a sigh of relief as the United States Department of Labor (DoL) has decided not to change the Labor Condition Application (LCA) norms for now, said industry sources.
An interview with Wipro's CFO and executive director Suresh Senapaty where he explains what the new structure will mean for the company.
Results are based on the review of the search activities on maps.google.co.in for August 2012.
According to a recent study by Kauffman Foundation, based on a sample survey, about 33.2 per cent of the co-founders of engineering and technology companies incorporated in the US during the last six years were Indians.
Despite growing protection in the US, Microsoft says it will keep scouring for talent from its second-largest employee base.
The company has launched aggressive recruitment programmes overseas, a top official said.
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