KPIT Cummins Infosystems, that's proved a firm feature of the market of late, climbed 3.4% to Rs 198.80 on BSE on Friday.
Over the last two years a team of 50 people at KPIT Cummins worked on Blogeverywhere.com along with Bhatia and two other colleagues in the US.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
KPIT Cummins Infosystems, a global IT consulting organisation, announced on Tuesday a definitive agreement with Cargill Ventures to issue shares of $4.5 million on a preferential basis, in addition to warrants convertible into shares of up to $4.5 m.
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.
Sumedha Nashikar, Head-HR, KPIT Cummins Infosystems, spells out 10 qualities she always looks for in prospective employees.
With a US slump likely, semiconductor firms - particularly the global companies operating captive design centres in India - are expected to hire fewer engineers in the next financial year. More than 50 global companies, mostly from the US, operate captive design centres or offshore development centres, partnering Indian firms. More than 50 per cent of the Indian semiconductor firms are dependent on the US market for revenue. Hence, on-campus hiring will see general slowdown.
In fact, we expect the first half of 2010 to be at least as challenging as the first six months of 2009, says Kishor Patil, MD & CEO, KPIT Cummins Infosystems.
US Senate's rejection of a bailout package for auto firms to impact revenues. None of the IT firms give any break-up of the exposure to the auto industry, but analysts said TCS offers services to clients such as Chrysler, Ferrari and Nissan.
When textile-maker Alok Textiles bought into $22 million Mileta, it left a good 40 per cent share with the existing shareholders, promising them a better valuation if Mileta turned in a good show.
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While the depreciation of the rupee would not have much impact on large players such as Infosys ,TCS and Wipro,their smaller peers, might have to postpone acquisition activity.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
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