Major steel companies have shown stronger growth in profit after tax compared to major technology companies but the brick and mortar giants have under performed compared to tech companies in the stock markets.
Top Indian information technology companies are recruiting American executives on salaries and bonuses very generous even by American standards, in order to expand in the American market as also to improve efficiency at home, reports said.
IT industry body Nasscom on Monday said the country's IT companies, which exports 90 per cent of software and services to the US and Europe, may see a decline in new orders due to the global financial crisis.
In an environment marked by high employee attrition and turnover, a majority of Indian IT and ITeS firms have positioned their compensations above the market median
Two influential US Senators have renewed the campaign against the biggest users of H-1B visa workers in the US, including Indian heavyweights Infosys, Wipro, Satyam and Tata Consultancy Services. They fired off a missive to these companies asking how they employed professional and skilled workers, majority of whom hail from India.
The information technology sector in West Bengal is likely to see addition of 20,000 jobs in 2008. The state currently has about 300 small to big sized companies and employs 55,000.
Newgen Software Technologies Ltd, a New Delhi-based information technology firm, has bagged a sub-contract to make Rashtrapati Bhawan paperless and "seamless" in the next 2-3 months
Infosys cautioned global IT corporations that replicating its 'global delivery model' of outsourcing from India would pose challenges to them due to difficulties faced in business model re-engineering and result in lower revenues.
Egged on by the appreciating rupee, the Indian information technology industry is evolving a new business model that seeks to rely less on low-cost skills
A large number of information technology companies in India are becoming stricter with departing employees and are asking them to serve the full notice period to ensure that business activities are not affected by a sudden shortage of manpower.
Hexaware Technologies, a provider of IT and BPO services, is planning to acquire an IT company in the US or Europe for $20-40 million
HCL Technologies has to fine-tune strategies to improve performance in the March quarter.
The CEO of an IT company in Kolkata been arrested by the Narcotics Control Bureau for allegedly selling drugs on the Internet.
China on Monday said it is keeping a close watch on reports of US House Speaker Nancy Pelosi's planned visit to Taiwan though it was conspicuously missing from her official Asia tour itinerary and warned of a resolute response by its military and strong countermeasures if she went ahead with the trip to Taipei.
Analysts expect these companies to post a revenue increase of 3.5-5 per cent in dollar terms.
As the talent hunt for skilled technology workers intensifies worldwide, India has emerged as the top destination for global IT companies' hiring spree, a study by PricewaterhouseCoopers reveals.
With the US economy showing a positive annual growth rate of 3.3 per cent, the Indian IT industry - which gets over 50 per cent of its revenue from the US - is heaving a sigh of relief.
Wipro sees a silver lining in Q1; others say recovery by 2009-end.
Indian IT companies can take a breather as the US Senate vote for imposing stringent conditions on the hiring of H-1B visa workers.
The comments by the Russian embassy in Delhi came in the wake of strong condemnation of the killings in Ukrainian town of Bucha by India at the UN Security Council as well as by External Affairs Minister S Jaishankar in Parliament.
India's largest IT firm Tata Consultancy Services (TCS) on Friday said its Board will consider a buyback proposal on January 12. "...the Board of Directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on January 12, 2022," a regulatory filing said. No other details of the buyback proposal were disclosed. The Board of the Mumbai-based company is scheduled to meet on January 12 to approve and take on record the financial results of the company for the third quarter and nine months ending December 31, 2021.
These companies will first give their proposals for implementing and managing the central information data repository of UIDAI.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
Bullish on increased outsourcing by the US IT firms from India, the domestic software firms view as "positive" or of "little impact" last week's decision by the US to reduce H-1B visa issued to workers in technology industry to 65,000 from 195,000.
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