According to officials in the state IT department, as part of the 2009 incentive scheme, the sop is currently available for all IT companies looking to set up or expand base in Kolkata.
West Bengal is having a rerun of the Nano episode, but this time it doesn't want the lead actors to exit the stage prematurely. The government is ready for whatever manoeuvres it takes to retain Infosys and Wipro projects in the state.
The frontline software exporting companies are likely to post modest growth in their fourth quarter earnings on the back of increased overseas demand, analysts said.
A top infotech official has warned the Indian IT industry, already facing trouble spots such as wage inflation, high attrition rates and a strong rupee, cannot afford to sit on its laurels as global competition is on the rise.
Infosys Technologies' scrip closed higher on domestic bourses today while Capgemini shares were trading nearly one per cent up on NYSE-Euronext
Two US lawmakers have asked nine foreign-based firms, including some leading Indian companies that used 20,000 of such visas, to disclose details about their workforce and their use of the special programme.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Society for Elimination of Rural Poverty chief executive officer T Vijaya Kumar and Infosys BPO Limited CEO and managing director Amitabh Chaudhry signed the MoU in the presence of chief minister K Rosaiah, state rural development minister Vatti Vasantha Kumar and other senior officials in Hyderabad.
Analysts said the transition period at Infosys and Wipro have given an opportunity to TCS and Cognizant to increase their lead.
Infosys Technologies is planning to invest about Rs 400 crore
Tata Consultancy Services has been named as one of the world's top BPO providers by The International Association of Outsourcing Professionals for 2006, a release said in Mumbai.
B1 visas are essentially short-term visas for business travellers, which allow a person to stay for six months to a year.
Akshay Bhargava, former chief executive of Infosys's BPO arm Progeon, has joined 3i -- Europe's leading venture capital and private equity company -- and will head 3i's new focus on the global business process outsourcing market.
The market cap of TCS soared the most at Rs 17,129 cr to Rs 5,01,307 cr
The company, which reported a moderate performance in the third quarter of FY09, had earlier indicated that it could resort to such a step. India's largest software exporter Tata Consultancy Services said on Thursday that it planned to review the variable component of employees' salaries every quarter in an attempt to cut costs.
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
Its revenues went up by 11.6 per cent to Rs 5,418 crore (RS 54.18 billion) from Rs 4,854 crore (Rs 48.54 billion), (QoQ).
India and China together account for 32 of the 50 companies in Forbes' sixth annual 'Asia's Fabulous 50 listed companies'.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
As a situation similar to the game of musical chairs continued for yet another day, Infosys slipped to the second position after RIL in terms of their weightage on the Indian stock market's barometer index, the Sensex.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
Four companies --TCS, Coal India, Wipro and Bharti Airtel -- saw decline in their market-cap.
Except for Satyam Computers, attrition rate went higher at Infosys, TCS and Wipro from both the previous quarter as well as the year-ago period.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Eight directors of Infosys Technologies have pocketed Rs 862 crore (Rs 8.62 billion) by offering 3.60 million shares as part of the company's third sponsored American depositary shares issue.
On the back of growing clout of the Indian IT sector, domestic giants Tata Consultancy Services, Infosys and Wipro may soon join the league of top 10 most valued firms globally in terms of market capitalisation in the next 2-3 years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Life Insurance Corp of India, also one of the biggest investors in the Indian stock market, saw its holding in the IT major rise from 4.9 per cent to 6.3 per cent during the quarter ended June 30, 2012.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
The country's second largest software exporter Infosys Technologies on Thursday said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
Infosys had bid at 600 pence a share for the UK company. Infosys will get the one per cent inducement fee that Axon has to pay to the party unable to close the deal.
'The Aam Aadmi Party is the most successful and exciting start-up by an IIT-ian in the history of India,' former Infosys CFO V Balakrishnan tells Rediff.com's Vicky Nanjappa.
Infy to cast wide net in CEO search, may go back to 'alumni'
The Bangalore-based company, which already holds in excess of 11.8 million square feet of office space, has informed the US Securities and Exchange Commission that it will take seven properties on lease and develop one on its own.
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