'India has over 300 million online sports fans, of which over 60 million use fantasy sports as their primary tool for engagement with their favourite sport.'
Fresh suitors have emerged, and a cleanup is proceeding under a board appointed by the government. But the fraud leaves a cloud over Indian outsourcing.
Six infotech special economic zone projects of the Unitech Group, which owns the country's second-biggest real estate company, have been delayed by as much as three years owing to slowing demand and delays in government approvals, sources said.
Indian American and Indian entrepreneurs believe the West Bengal government, which is projecting the state as an ideal investment destination for information technology and hi-tech industries, has to go a long way before it can become India's number one hub for such industries.
The solution will be implemented across the State Bank Group comprising SBI and its six associate banks, which together have 16,000 branches. 3i Infotech offers IT services to insurance, banking, capital markets, mutual funds, welath management and government verticals.
While the software industry continues to reel under a recession, Tata Consultancy Services, has seen the exit of 5,000 employees.
More than 6,000 centres with headcounts of 10-100 have downed shutters across the country.
The Reliance Anil Dhirubhai Ambani Group has awarded a 5-year outsourcing contract to a Delhi-based call centre, Caretel Infotech, a part of Dalmiya group, for about Rs 300 crore.
Scandal-hit Satyam Computer Services is likely to abandon its proposed IT park project in Gandhinagar in view of the multi-crore fraud in the Hyderabad-based software firm, Gujarat government officials said on Friday.
The sources said questioning revolved around accounts of IDS Tunisia and remittances received by it.
rediff.com brings to you a special series on India's best innovators and entrepreneurs, winners of the latest Nasscom Innovation Award 2007.
With the arrest of seven Indians, American authorities have claimed to have busted an immigration racket run by an infotech company owner who charged tens of thousands of dollars from expatriates by fraudulently sponsoring their H-1B work visas.
Health experts point out that it will take decades for India to reach the level of health education and infrastructure in developed countries. Our per capita health expenditure is estimated at $23, which is only 6.1 per cent of the gross domestic production.
IT distribution company Neoteric Infomatique Pvt Ltd announced on Friday a strategic alliance with infotech major Wipro for distributing the latter's manufactured notebooks, desktops and servers.
As foreign fund flows have lifted the rupee to record highs against the dollar, the commerce ministry has started telling exporters to prepare for the Indian currency rising further to 38 against the dollar by December. The strong rupee is already hurting India's exporters, with companies cutting jobs and scaling back expansions. A further appreciation may have even worse consequences for sectors like textile, infotech and automobile.
Even as record foreign fund flows lifted the rupee to 39.43 against the US dollar today, the highest since 1999, the commerce ministry has started telling exporters to prepare for the rupee rising even further to 38 against the US dollar by December. The strong rupee is already hurting India's exporters, with companies cutting jobs and scaling back expansion. A further appreciation may have even worse consequences for sectors like textiles, infotech and automobiles.
The US sub-prime lending crisis forced Mumbai-based WNS Holdings to revise its net income guidance by 60 per cent, and this is worrying the $8 billion business process outsourcing sector players and analysts.
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
Gains were led by Tata Motors amid robust sales in June along with select financials.
What this means is that crucial and accurate data about the city like dwelling units, roads, power, infrastructure, telecommunications, water distribution, sewage disposal, educational institutes, public health units, tourism centres, religious places, transport junctions etc will now be available to the government at any given time.
When I put my 360-degree evaluation on the Intranet within the first 90 days of taking charge at HCL Technologies, it showed that the CEO was willing to put his neck on the line. It is a simple gesture that galvanises others into thinking on similar lines. We claim to be the world's largest democracy, but while running our businesses we are dictatorial towards our employees.
Wipro Infotech on Tuesday announced its partnership with Israel-based RiT Technologies for marketing of latter's Intelligent Physical Layer Management Solutions in the country.
Having completed the country's largest initial public offering of $2 billion (about Rs 8,200 crore), DLF Chairman K P Singh is getting ready to raise a similar amount in Singapore.
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.
"Online portals are also bleeding heavily and have huge accumulated losses. There is pressure from investors to cut down on discounting."
"The fact that there may be a slowdown in the US means people will become much more concerned over better value for money. . . we could look at it as an opportunity," Infosys chief mentor N R Narayana Murthy said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Bombay Stock Exchange has suspended trading in 52 companies with effect from September 20 for failing to comply with various provisions of the listing agreement.
Its wireless connectivity is based on pay per usage of bandwidth, using SRIT's product DynaRate, which enables users to demand bandwidth on a real-time and dynamic basis.
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.
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.
The S&P BSE Sensex surged 160 points to close at 25,262.
With the US dollar poised to go below Rs 38 mark, the future looks bleak for the small infotech companies. Even as the nearly $40 billion information technology industry is still trying to stabilise itself from the impact of the rupee exchange fluctuation, since most of their business comes from overseas, the roots of smaller companies have been shaken further.
Kolkata's Shrachi group has joined hands with two non-resident Indians for a housing complex exclusively for NRIs and their parents living in India.
Crime Branch sleuths raided a multimedia shop in posh Dhantoli area and seized pirated software CDs and other material worth Rs 1 crore (Rs 10 million), police said on Wednesday.
'IIT-ians want to contribute to nation building and the Pan IIT meet provides a channel to do that. We want to move beyond words and set up an action plan for this,' says Pradeep Gupta.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
saranam.com is a site where you can select the temple where you wish to do a puja, and for a fee have it conducted.
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