When mid-size information technology (IT) services company MindTree acquired Aztecsoft in May 2008, many believed this would herald a trend in Indian IT, in terms of consolidation of small and mid-sized firms to enable them to viably compete with bigger ones.
Indian IT companies are equally jubilant. That's because the Bill, which proposes to create Electronic Health Records (EHRs) for all Americans by 2014, is expected to open up a $20 billion market opportunity for Indian IT services firms like Infosys, Wipro, TCS, Firstsource and MindTree.
The vice-chairman and gardener of MindTree, and author of three business bestsellers, shares his story of success.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Bangalore-based information technology services firm MindTree has set up an ambitious target of becoming a $1-billion (around Rs 4,600-crore) company over the next five years.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Turn to yoga and meditation at work place to beat stress levels and fight health blues, says an IT industry veteran to techies. Impressed by the value yoga adds in his own company in terms enhancing enthusiasm and output, chairman of city-based IT firm MindTree, Ashok Soota, says the practice certainly helped the firm's professionals energise themselves.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
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.
The auditor will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.
HCL, MindTree in the fray. The company is reportedly in talks with Delhi-based HCL Technologies and Bangalore-based MindTree. HCL, with whom discussions are on for a cash-less merger, seems to be the front-runner, investment banking sources said.
The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha.
With industry buckling under the impact of global meltdown, Indian IT outsourcing firms are adopting a 'zero tolerance' policy on fraudsters who have managed to get IT jobs using fake resumes.
Mindtree Ltd's co-founder and author of recently published book The Professional, Subroto Bagchi, talks about how to manage one's career during economic slowdowns and how to become a successful professional.
Pricing pressure in traditional technology services and slow growth in emerging technologies may turn out to be the spoiler for Indian infotech companies, says Ayan Pramanik.
It has replacements ready even for senior managers, in case someone quits.
Ashok Soota has cited 4 challenges that India Inc is facing. He stressed on a robust risk management strategy for Indian companies. He also stated responding to changes in market environment, resolving legal and regulatory differences and encouraging leadership and accepting cultural diversity as other challenges. Highlighting the challenges faced by the India Inc, experts said globalisation is essential to pursue growth opportunities and leverage comparative advantage.
Tata Consultancy Services topped the list of top 10 best performing IT service providers worldwide rated by Global Services, a specialised publication for IT businesses.
It is the fundamentals of companies that will drive stock performance.
Global software giant Microsoft has pipped domestic IT giant Infosys as the best company to work for in India, according to a new study released on Tuesday. Microsoft was followed by Mindtree Consulting, Johnson and Johnson and Sapient at second, third and fourth ranks. Infosys, India's second-biggest software exporter, topped the list in 2006 but slipped to fifth spot this year.
It also barred the seven entities Latesh Chheda, Viren Kenia, Bhavin Chheda, Chetan Rathod, Neptune Fincot, Dhiren Pajwani and RSS Investment from the market.
Most Indian IT firms, including TCS, Wipro, Infosys, Mindtree, Infotech and Sasken, which started their operations in the region with a small base, have expanded their base fast.
As an entrepreneur, you no longer have the luxury to pass the buck.
Leading industrialists met with Prime Minister Manmohan Singh (not in picture) in New Delhi on Thursday to discuss the general state of the Indian economy and other industry-related matters.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Confederation of Indian Industry has set up a Mission for Manufacturing Innovation to create "100 new billion-dollar companies over three years".
Ajit Mishra will answer Your Questions on the stock markets on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Stock Market Query' along with your name and Ajit will offer his unbiased views.
A humble attitude and a love for money are two very important attributes of a successful businessman.
More than just a guide, this is a book that will tap the entrepreneurial energy within you.
Tata Consultancy Services along with Bharti Televentures and National Thermal Power Corp was on Friday adjudged among the best employers in India by leading global human resources management firm Hewitt Associates.
Why top executives are trading cushy jobs for start-ups
Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
Among other things, the company is considering monetising the Global Village tech park located off Mysore Road in Bengaluru, for which private equity major Blackstone was said to have shown interest.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
The Australian police believe it is a contract killing.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
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