Tata Consultancy Services has become the second-largest insurance business process outsourcing provider in the UK, after winning two deals worth 250 million pound (around Rs1,800 crore).
Hewlett Packard has lost its personal computer market leadership in India for two reasons: Dell's focus on the retail and SME segments has started paying off and its new distribution strategy is going through initial troubles.
One tenth mobile subscribers in India own multiple mobile phone connections, says a report.
Mahindra Satyam's Gurnani to be CEO after Tech M integration.
The seemingly paradoxical reason is rising attrition and growth in demand from the US, the industry's biggest market.
Bookmyshow and KyaZoonga go beyond movie tickets.
Under this programme, employees can work on innovative ideas, for which the firm will provide funding and help in setting up a team. The programme is part of the company's initiative to allocate 10 per cent of their cash reserve to initiatives that are technology-led.
The move is part of the company's plans to expand its hardware, services and ICT systems integration and distribution business.
Capgemini, which reported revenue of 8.4 billion in 2009, is perhaps the only European IT services firm to have successfully used its India centre as an innovation hub, as a large offshoring centre and tap the domestic market for growth.
Amazon's Kindle, for instance, was launched in India in October last year. It was priced at around Rs 18,000. Yet, say analysts and industry sources, Amazon has not managed to sell more than 2,000 units in country.
Firstsource raised $275 million (around Rs 1,265 crore) through foreign currency convertible bonds in 2007 to fund the acquisition of MedAssist.
In India, nearly 64 per cent Facebook users access its photo-sharing services.
62% kids across the world have had negative internet experiences.
Lavasa, Wipro, Cisco combine to launch something new in urban living.
The US celebrates its independence day on July 4. But since it was Sunday, the American government had declared Monday as a holiday.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
Research firm Gartner today reported that worldwide IT spending will touch $3.350 trillion--an increase of 3.9 per cent from 2009. However, it simultaneously lowered its outlook for the IT industry from the first quarter of this calendar year, when it had forecast worldwide IT spending to grow 5.3 per cent. This is primarily due to the devaluation of the euro versus US dollar since the beginning of the year.
Whitehurst talks about India expansion plans, its latest offering in cloud computing and India's most ambitious project Aadhaar.
Initially, RCom users will be able to create their own caller tunes and ringtones by uploading the content through RCom's web interface.
With the economy giving positive signals, hiring is back. However, so is attrition, with disgruntled employees demanding more or moving to greener pastures to make up for lost time and money.
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