The chances that US President Obama will achieve a near-universal healthcare system have dramatically improved after a lone Republican, Senator Olympia Snowe of Maine, prepared to vote with Democrats for a compromise proposal. This gives Obama a much better chance of achieving the 60 votes he needs to pass a Bill in the Senate.
After Mexico, the company sets up delivery centre in Brazil
Wipro Ltd, a relatively late entrant in the lucrative information technology outsourcing market in Australia, is planning to hire more locals.
Kerala has about 1,400 villages and 999 panchayats, and this initiative is expected to provide a major boost to the Akshaya scheme.
The plans of India's second-largest IT services provider, Infosys Technologies, to establish a second major campus in Bengaluru has cleared a major hurdle, with the Karnataka government giving its approval to convert the space -- where the software firm had acquired land for the purpose -- into an industrial area.
Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.
Analysts see problem continuing as over 60% of revenue comes from North America.
Deal closure timeframe for most mergers and acquisitions has increased significantly.
CISF has been permitted to also protect private sector companies after the government made an amendment in the CISF Act in January this year, in the aftermath of the 26/11 attack on Mumbai. T V Mohandas Pai, member of the Infosys Board and Head of HR and Administration, said, "CISF will provide us added protection; they will provide an overlay cover."
Simplification of I-T rules spawns websites that help in tax preparation.
The first quarter of the financial year 2009-10 was exceptional for Wipro's consumer care business. Santoor, its flagship soap brand, which contributed close to Rs 850 crore in 2008-09 to the company's coffers, became the number one brand in South India in its category.
Infosys, according to sources close to the development, bagged the pilot project emerging as the lowest bidder (L1) in a competitive bidding process, which was attended by most Indian IT services firms and global companies like Siemens and IFS.
India's second-largest information technology services provider, Infosys Technologies, has applied for a mere 405 visas till date for financial year 2009-10 - its lowest application count in recent years.
Siemens Information Systems, a business unit of Siemens India, part of German technology giant Siemens is understood to have laid off around 500 people over the last five days.
The gap between operation and inspiration created by the premature exit of Infosys Technologies' key founder, Nandan Mohan Nilekani, is being filled by his colleagues.
Infosys BPO Ltd, the business process outsourcing operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
The EDS-owned company had withdrawn this allowance from June 1 following a review of its shift policy sometime last month. This allowance was being given to applications delivery employees at levels 1-7 (those with up to seven years of work experience) doing the day shift beyond 10 pm everyday. The shift allowance of Rs 500 per shift for employees working between 10 pm and 6 am remains untouched.
Over 36 per cent of the 1,630 executives surveyed in India in March this year expected an upturn in the global economy by the end of 2009, as against 34 per cent of North American business executives and 32 per cent of Chinese. Asia-Pacific and Europe recorded 28 per cent and 24 per cent on the hope meter. However, about 62 per cent of Indians surveyed expected the world economy to rebound only by 2010 or later.
Plans to increase headcount in the US, mainly in the banking and finance vertical.
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