The company, which has successfully commissioned the 'open access' fuel storage system for the first time in the country at Bangalore International Airport, has submitted its expression of interest for the projects. Currently, IOC, HPCL and BPCL are providing fuel storage services at Mumbai and Delhi airports.
Poor infrastructure and unavailability of broadband are major reasons why Indians have not taken to Second Life in a big way. Besides, the time zone of Second Life is more attuned to the US, which is another issue for Indians wanting to hook on to this world.
The June quarter turned sour for MindTree as forex losses pushed the company into the red despite logging strong growth in revenues.
Gitanjali Group, the Rs 4,500-crore (Rs 45 billion) diamond-studded jewellery manufacturing firm, has evinced interest in setting up a special economic zone (SEZ) for diamond processing industry near Bangalore.
Infosys Technologies generates over 60 per cent of its revenue from the US, which is witnessing a slowdown. A falling rupee did help the company tide over the quarter, and S Gopalakrishnan (popularly addressed as Kris) says that new opportunities, geographies and centres of excellence will have to be balanced against billing cycle delays and other pitfalls of the market.
Firms are flooded with credit crisis-related litigation jobs from American law companies.
Warning bells are ringing on Bangalore's future as a leading BPO destination. It is not a full-blown crisis yet but the portents are disturbing, according to a cross section of industry, human resource and real estate experts.
The premier management institute, Indian Institute of Management-Bangalore, is in a bind. It had asked for Rs 114 crore (Rs 1.14 billion) to build infrastructure to accommodate additional students under the OBC quota.
The rural BPO centre will be established by the Tata Business Support Services -- the BPO wing and a wholly-owned subsidiary of Tata Sons -- in partnership with Tata Steel Rural Development Society -- a corporate NGO managed by the Tata Group for the last 60 years. To start with, it is expected to employ around 200 people. Sources close to the development said the company has already recruited the first batch of the executives for the BPO unit.
Wipro, the $5 billion company with interests in IT services, consumer care, lighting and furniture, is entering a new set of businesses which will enable the company to leverage its growth on the clean energy and agriculture sectors. The company is readying a plan to include alternate energy, water treatment, food and agriculture businesses under its infrastructure business - Wipro Infrastructure Engineering Limited.
Ravi Singh aims to empower politicians by effectively planning campaigns using software technology. It's election time, and Ravi Singh, the founder of US-based ElectionMall Technologies, knows what it means to be in India.
Infosys BPO, which started knowledge process outsourcing services as a part of its BPO offerings four years ago, is aiming to make Gurgaon the hub for its KPO business.
India's third-largest software company, Wipro, has initiated a second round of major business and executive changes within a few weeks. A fortnight ago, the company announced the appointment of Suresh Vaswani and Girish Paranjpe as joint chief executive officers of Wipro Technologies, the company's global IT arm.
While consulting firms and investment bankers preferred not to participate in the lateral placements as usual, sources say that companies such as KPMG, Aditya Birla Group, Barclays Bank, Microsoft, Infosys and Capgemini have issued the maximum number of offers.
VBT is opening its new manufacturing facility, costing Rs 80 crore, through a joint venture with Azad group at Hoskote near Bangalore on Thursday. Initially, VBT will produce 450 buses and by 2010 the unit will reach its full capacity of 1,000 buses, he said.
Sources say Carnegie Mellon's president Jared L Cohon, who was in Bangalore recently, held discussions with senior state officials in this regard. The university is planning to establish a skeleton presence in Bangalore to study the market condition before starting a full-fledged campus here. They want to help the IT sector in the country secure quality manpower.
Ordyn bagged the contract after qualifying in a competitive bidding process in which global giants such as Huawei Technologies, ZTE, HFCL, IComm and Arasor took part.
During the third quarter ended December 31, 2007, the company got its first $100 million (Rs 400 crore) account, which it had bagged almost four years ago as a $200,000 (Rs 80 lakh) per annum account.
Access to market is going to be the major problem faced by start-up IT firms looking to hit the market with innovative products or solutions. Access to venture or angel funding, which was considered the prime issue a couple of years ago, has now been relegated to second or third position.
India's second-largest IT services exporter targets Australia, Japan, South Africa.
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