Close to 60 per cent of revenues of Indian IT service providers comes from the US market. With the rupee having appreciated more than 12 per cent over the past year, IT firms have increased billing rates, in most cases for new as well as existing clients.
Companies like state-owned Mahanagar Telephone Nigam Limited, Tata Teleservices Limited, Reliance Communications and Bharti Airtel are rolling out coin-operated PCOs that will support international calls across the country.
Confirming this, Chief Financial Officer S Venkatesan said that the company has passed an enabling resolution to raise around $200 million from foreign investors either through an FCCB or a private placement.
Indian IT firms have been announcing incremental increase in billing rates for quite some time now to counter wage hikes and rising visa costs, to name a few.
In financial year 2006-07, the exchequer earned Rs 2,090 crore (Rs 20.90 billion) as spectrum charges and Rs 6,360 crore (Rs 63.60 billion) as licence fees.
Apart from Caf Coffee Day, companies like Pantaloon, Levi's and Pepsi among others are also offering goodies through bluetooth that can be downloaded free-of-cost.
The board of GSM service provider Vodafone-Essar is expected to discuss the income tax issue at its meeting to be held on Friday.
Mumbai-based Patni Computer System's stake sale has been stalled, perhaps indefinitely, according to sources close to the development.
The Department of Telecommunications, which has been mandated to simplify the multifarious levies, would introduce the new regime in phases.
DoT is also planning to carry out verification on operators' premises to check the technologies they employ.
The UK-based telecom major is looking at single name branding of its Indian joint venture firm, Vodafone-Essar (formerly Hutchison-Essar).
The company will be taking its total outsourcing offering to the retailers in the small and medium enterprise category, whereas for the large retailers, it will pitch the best-of-the-breed target solutions to cater to specific problems.
The service, first of its kind in the country, is expected to be launched shortly, if not within a week.
The content providers -- TV channels, FM Radio stations, e-commerce companies and credit card majors -- have blamed the service providers and mobile value-added services (VAS) operators for the problem.
Three Japanese submarine cable construction companies have been short-listed by Flag Telecom, a wholly-owned subsidiary of Reliance Communications
If you want to buy the latest high-end phone, be ready to dump your current service provider
Infosys spent Rs 70 crore last year on its brand building exercise. The company underlines that it focuses on earning the respect of all its stakeholders.
Flag Telecom, a subsidiary of Reliance Communications, has signed a $100 million
The US sub-prime lending crisis forced Mumbai-based WNS Holdings to revise its net income guidance by 60 per cent, and this is worrying the $8 billion business process outsourcing sector players and analysts.
Making its foray into mobile content outsourcing, the CDMA major, Reliance Communications, has signed its first contract with a Singapore-based GSM service provider.
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