Indian IT companies, which had put ESOPs on the back burner during the global slowdown, are understood to be revisiting it.
It is in these segments that the attrition rate is higher. Wipro witnessed an attrition rate of around 17 per cent in the last quarter. Even as the market awaits its results for the June quarter, the company is not willing to take any chance with its employees.
Mahindra & Mahindra, the diversified business group with significant interest in automotive and information technology, is looking at setting up an aircraft financing arm in Australia
The Bengaluru-headquartered company, which derives close to 26 per cent of its revenues from Europe, mostly from the UK, believes this approach will help it increase its footprint in non-English speaking European countries.
Come August 2011, N R Narayana Murthy -- the chairman and chief mentor of India's second-largest IT services firm Infosys Technologies -- will sport the designation of chairman emeritus. It is a position which Infoscions and the senior management team have decided to confer on the person who co-founded the company with six others almost 29 years ago.
Peter Gartenberg, SAP India Managing Director tells about the changes taking place at SAP globally
UIDAI has split the overall project into small ones and handed them over to multiple vendors to speed up work.
Denying rumour that it might be using its office premises to compromise crucial Indian data by planting spyware, Chinese telecom equipment maker Huawei has maintained it was ready to cooperate with the government to have its facility inspected.
Infosys, India's second largest information technology services company, which had seen some top-level attrition last year, has both embarked on a leadership development programme and trying to ensure those targetted are contented with their compensation.
The Indian scientific and research community is keenly watching the battle between arch-rivals and global chipmakers, Intel and AMD, as they launch their high-end server processors which are the lifeblood of high-performance computers.
The project, in its entirety, is estimated to be about Rs 2,000 crore (Rs 20 billion).
When mid-size information technology (IT) services company MindTree acquired Aztecsoft in May 2008, many believed this would herald a trend in Indian IT, in terms of consolidation of small and mid-sized firms to enable them to viably compete with bigger ones.
S (Kris) Gopalakrishnan speaks on the outlook for Infosys and the sector.
Intel Capital, IBM, SAP Venture, Qualcomm Ventures increase India focus. July Systems, which developed a mobile broadband platform, has just received funding from Intel Capital.
Tiger Global Management, a New York-based investment company with close to $2 billion in assets under management, has shut its direct operations in India.
Indian IT companies are equally jubilant. That's because the Bill, which proposes to create Electronic Health Records (EHRs) for all Americans by 2014, is expected to open up a $20 billion market opportunity for Indian IT services firms like Infosys, Wipro, TCS, Firstsource and MindTree.
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 proportion of women to men falls radically after the mid-management level.
The increases are expected to be in the 8 to 12 per cent range, which do not compare too badly with the 13 to 15 per cent increments of pre-slowdown years such as 2007-08.
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