The Internet Corporation of Assigned Names and Numbers' (ICANN) decision to expand gTLD (generic top-level domain) names on the internet to include almost any name (even .anything), is foxing both users and registers. It has also raised fears of online trademark violations and cybersquatting.
Ashutosh Vaidya, head, Wipro BPO Solutions, and Deepak Jain, head, Technology Infrastructure Services, have put in their papers, said the sources. The reasons for the resignations could not be confirmed.
At present, at least, five over $500-million deals are being discussed for potential acquisition.
During the quarter ended March 31, it added seven clients, the highest since the third quarter of 2007-08.
iGate Patni is all set to compete with the likes of IBM, Accenture, Infosys and Congnizant.
Large-cap plus in low-cost delivery, investment in new services adds to sectoral push
The report said recent concerns about manpower like attrition, quality of talent and rising wages, have compelled IT companies to take a relook at their so far successful offshore business model more than ever before.
The Bangalore-based company has revamped itself as it aims to simplify its business structure and focus on being a specialist in certain areas.
TCS is stepping into an unchartered territory by targeting the small and medium enterprises.
According to Grant Thornton's January data, IT & ITeS tracked the highest in terms of value, with the industry investing $1.2 billion in M&A over 12 deals.
With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturity proceeds of products.
To get the best talent, they put stiff riders for recruitment.
Sources said Vishal Gondal, founder of Indiagames, along with existing investors Cisco and Adobe, are in talks with both private equity consortia and strategic investors to buy back the stake they'd once sold to the parent firm.
"Every Cricket enthusiast would like to watch the matches in the best quality format. Hence it is obvious that players are hoping for a good sales year. But this will also mean plethora of schemes for the users to chose from," said a market expert.
The cost of a Bluetooth is less than $5. Besides, Bluetooth is based on radio technology. Radio is very simple and it does not support high data runs.
Insurance companies now offer to cover funeral expenses under health and personal accident policy.
Those with plans to enter the wealth management business want to first put in place robust processes.
A stake sale deal between Patni Computer Systems and iGate is on course, but has been delayed due to procedural issues.Sources involved in the deal said they include tax-related developments and offshore transaction fees.
Thanks to its indemnity cover, Citibank may not have to provide for the alleged multi-crore fraud by Shivraj Puri, the relationship manager at its Gurgaon branch.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
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