More and more domestic companies are setting up business process outsourcing units in district headquarters, tier-III cities and non-IT clusters to save on real estate costs and stem attrition rates.
Leading Indian and global information technology firms such as Tata Consultancy Services (TCS), Cognizant Technology Solutions, IBM, Satyam Computer Services and Wipro top the list of L visa users for the financial year 2006-07.
The trade between India and Saudi Arabia is growing rapidly with the bilateral trade crossing USD 9.87 billion last year.
The hardware functions of the computer are managed by a central server.
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
The digital divide separating rural and urban India may finally be narrowing, thanks to setting up of BPOs in villages.
Indian IT services major TCS will open a global delivery centre in Mexico next year.
Moving beyond their relationship with educational institutions only for campus recruitments, companies are now entering into long-term pacts with premier institutions for joint research on new products.
The World Bank would outsource over $10 million IT work to India in the next 12 months through its existing Indian partners, Nasscom
IT, telecom market in Asia-Pacific region to grow 11% in 2003: IDC
Leading IT companies i-flex Software and Satyam Computers have made their way to Forbes Global's list of 100 'best under a billion' companies in Asia Pacific.
Is setting up of rural BPOs bridging the technology gap between rural and urban India?
Tech Mahindra would pay Rs 1,756 crore (Rs 17.56 billion) before the deadline of April 21 for acquiring 31 per cent stake in Satyam Computer for which it got the approval from the Company Law Board on Thursday.
Domestic IT firms are continuing their hiring juggernaut, but it is their bench strength or reserve employees that is growing at a higher rate than the overall pace of recruitments.
L&T has spent around Rs 600 crore for the Satyam stake, leading to a de-rating of its stock. But the bigger worry seems to be a loss of momentum in order inflows; L&T had indicated that orders would increase by about 30 per cent in the current year; that target may be missed because of a delay on the part of ONGC in awarding contracts. Besides, a small part of the current order book, which is a robust Rs 69,000 crore, could see delays of between 8-10 months.
India can build new technology in the telecom sector that leapfrogs the legacy systems in the West and leverage these systems to serve the global market, Satyam Computer Services director T R Anand said on Monday.
IT shares were witness to broad-based selling in early trades as a strengthening rupee indicates lower revenues for these companies.\n\n
The market recovered on Monday due to bargain hunting in tech stocks. \n\n\n\n
Earlier this year, Tata Consultancy Services, the country's largest software exporter, launched iOn, a cloud computing service for SMBs.
The government does not see any conflict of interest in HDFC chairman Deepak Parekh and former Nasscom President Kiran Karnik, who are directors on the board of Satyam's competitors, being on the troubled company's board.
Tech stocks zoomed in the special trading session on Saturday on huge buying support.
The role of a leading stockbroker in management of funds of the firm had surfaced during the probe.
Earlier, the Scheme of Amalgamation and Arrangement was approved by the High Courts of Andhra Pradesh and Mumbai. The company then had launched Tech Mahindra as the brand identity of the merged entity.
Tech stocks were spurred on today by the firm U.S. markets and bargain hunting.
Global IT consulting and professional services major, Satyam on Monday announced its tie-up with Hungary's premier science and IT institute MTA Sztaki.
Rediff reader Mrunal Samant, 33 reveals why her first job and salary will always be special.
Raju and his brother B Rama Raju were told to furnish personal bonds of Rs 100,000 each
Raju pleaded for leniency citing his philanthropic activities.
Now, it is life as usual in the merged entity, said an associate.
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