His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Chinese telecom equipment manufacturers Huawei and ZTE on Tuesday hit back at a US House panel report that labeled both the companies as threat to US national security.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
Micromax has the highest tablet sales in the second quarter of the financial year 2012, ahead of Samsung and Apple.
According to a recent study by Kauffman Foundation, based on a sample survey, about 33.2 per cent of the co-founders of engineering and technology companies incorporated in the US during the last six years were Indians.
Meru Cabs, launched in 2006, has everything going for it: A credible brand, loyal customers and a transparent pricing mechanism and technology. But, the only thing missing is profits. Meru wants to change that now. Says Meru CEO Siddhartha Pawha: FY13 will be focused towards achieving the last target.
Despite growing protection in the US, Microsoft says it will keep scouring for talent from its second-largest employee base.
In CY2010, 9.9 million PCs were shipped, a growth of 30% over 2009, while in CY2011 total shipments went up by just 7.3%
Gulshan Rai, director general of the Indian Computer Emergency Response Team and coordinator of the committee on cyber laws, says the team is gearing up to address the increasing mobile Internet usage.
The company has launched aggressive recruitment programmes overseas, a top official said.
Move fits into strategy to expand in Europe, add to consulting capability.
Information technology (IT) services major Infosys has said its increasing focus on the domestic market wouldn't erode the company's margins. Its strategy of selectively taking up projects that require the deployment of products and platforms would help the company maintain its margins, it added.
The Indian IT industry is in for a tougher visa regime in its biggest market, the US. Firms such as Infosys, TCS and Wipro that send thousands of techies on short-term business assignments to the US will now have to disclose personal details of these employees and names of the American companies they are assigned to.
Volume growth and performance of the banking, financial services and insurance (BFSI) division will be a key aspect as the Indian information technology services sector draws closer to announce its first quarter results for 2012-13.
Miffed at a rise in annual licence fee on Internet service providers, industry body Internet Services Providers Association of India on Thursday said it would approach the Telecom Disputes Settlement Appellate Tribunal, challenging the new fees.
Analysts say other than the niche focus, these firms are also reaping the benefit of deals becoming smaller.
Analysts and venture capitalists say Flipkart making considerable losses on book transactions.
The peace between erring employees and the company was brought in after the intervention of Nashik Deputy Labour Commissioner R S Jadhav.
French consulting-IT major to focus on specialised areas in energy, tax and telecom
IT firm's performance shows trouble in products segment, a majority of whose share comes from Finacle
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