Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
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The Durbin-Grassley Bill might have fallen through but large Indian information technology service providers are taking no more chance of being seen as job snatchers in the US.
Headhunters and industry veterans reckon that as the job market opens up, the demand for non-engineering and other non-technical students is expected to be more than that was seen in the previous years.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Banking and telecom will see the highest impact of this transition.
All the top three major Indian IT firms -- Tata Consultancy Services, Infosys Technologies and Wipro -- either met or beat market and analyst expectations in the quarter ended September 30, 2009, registering their best performance in six quarters.
The Sensex opened with a positive gap of 15 points at 5,049. The index is now at 5,063 - up 29 points. The Nifty is at 1,590 - up 12 points.
In its meeting in New Delhi, the inter-ministerial Board of Approval also approved India's largest stainless steel producer JSL's proposal to surrender its sector-specific SEZ in Orissa, Commerce Ministry Additional Secretary D K Mittal told PTI.
With the advent of new banks, IT firms will get boostto their businesses.
Gujarat is growing fast. The rest of India has to trust, verify, but as Maulana Vastanvi pointed out, grow up as well.
Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum
Additional levy to eat into Rs 6,000-crore income of top promoters
The Sensex gained 91 points to close at an all-time high of 7,860.
The contract, according to the sources, include two different components - one for mainframe and IT infrastructure support and management.
Although the number of resignations came down at Cognizant in April and continued to slow in May, the impact of attrition would play out in the second quarter also because of the longer notice period in India.
Founders of the Garden City's technology companies are learning the art of patience when it comes to meeting CSR objectives.
Tata Consultancy Services (TCS), Infosys Technologies and Wipro were eliminated from the selection process for the project on technical grounds. Another IT major, HCL Technologies, was also rejected. The size of the project is not yet known.
The West Bengal government has not given up industrialisation of the state, including finalising an alternate project for Singur, Chief Minister Buddhadeb Bhattacharjee said.
The Sensex gained 41 points to hit a new high of 7,797.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Can the country afford to have problems of such magnitude in the cities of Gurgaon, Bengaluru, Pune and Hyderabad, which not only are the major growth drivers but are also the biggest revenue contributors in their respective states?
Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.
These companies are also reinforcing their product line, changing product offerings, focusing on 'recession-proof' sectors like pharma and healthcare, education, telecom and utilities to tide over the dip in volumes.
Indian IT companies, which had put ESOPs on the back burner during the global slowdown, are understood to be revisiting it.
IT major Tata Consultancy Services on Friday bagged the Best Software Exporter National award for 2001-02 while Infosys received the second best award.\n\n
Exuding confidence in Narendra Modi's leadership, IT industry veteran NR Narayana Murthy today said the new Prime Minister is "in a position to change the course of dialogue" on US visas for the over $118 billion industry.
Interestingly, the shares sold by Citigroup Global Mauritius in the open market through the block deal counter of the Bombay Stock Exchange have been bought by another private fund house Credit Suisse (Singapore) at the same price.
While today is an extended holiday for many employees in the IT sector who are enjoying the long weekeed, it is not a total shutdown across India.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
The Sensex opened with a positive gap of 17 points at 8,511.
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