Hiring up, rupee hedges in place, but net addition in clients still subdued.
Japan's leading information technology services and solutions provider, NTT Data Corporation, has emerged as the most aggressive suitor for Indian software services firm Patni Computer Systems. NTT is in advanced talks with the promoters of Patni Computer to buy their combined 46.5 per cent stake, investment banking sources said.
MindTree, the Bangalore-based information technology services provider, has bagged the application development services segment of the Nandan Nilekani-headed Unique Identification (UID) project, renamed as 'Aadhaar'. This is the first of the many IT projects that has come up for bidding till date.
India's second-largest software services company, Infosys Technologies, for instance, plans to hire close to 30,000 this financial year.
Infosys, India's second-largest information technology services provider, believes winning two to five 'transformational' deals in the range of $30-80 million for the company every quarter could become a norm.
Tata Consultancy Services (TCS), Infosys Technologies and Wipro were eliminated from the selection process for the project on technical grounds. Another IT major, HCL Technologies, was also rejected. The size of the project is not yet known.
An extensive analysis of the available results of companies for the just-concluded fourth quarter shows robust growth in sales and profit, carrying forward the momentum from earlier quarters.
No fewer than 276 new billionaires have entered the list this year.
India Inc's order book doubled in the fourth quarter (January-March) of the last financial year compared, to the year-ago period.
Polaris gets over 90 per cent of its revenue from exports. Till financial year 2009-10, the company did not actively think about a strategy to buy space in a special economic zone.
145 companies have paid Rs 125.65 billion (Rs 12,565 crore) as interim dividend for 2009-10
CanvasM, a joint venture between Tech Mahindra and Motorola, is planning to launch 6,000 new indigenously developed applications for mobile phones.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
Players slash prices to leverage the popularity of IPL matches on the internet.
The foreign investors' attraction for India funds seems to be as restrained as in 2009, with only five such funds launched in the first two months of 2010, mobilising $492 million.
Imagine this scenario. Pyarelal Shankar a grocery store owner in Haryana is not computer literate. Yet, he manages to regularly update his inventory online.
Bangalore-based information technology services firm MindTree has set up an ambitious target of becoming a $1-billion (around Rs 4,600-crore) company over the next five years.
The recent case of embezzlement by a Wipro insider, believe industry experts and analysts, would have little impact on the company's business or image. However, they simultaneously caution that the issue yet again highlights the need for better measures on corporate governance and fraud.
The plethora of new pricing schemes from telecom companies, like 'one paisa per second' billing, has squeezed the margins of their business process outsourcing partners.
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