IT firm HCL Technologies on Thursday opened a new Global Delivery Centre in Redmond, Washington, where the company will initially invest $4 million (about Rs 19 crore), leading to the creation of 400 jobs over the next two years.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
The rupee had dropped by 18 paise to end at 66.40
In a bonanza to its shareholders, country's third largest IT firm Wipro on Thursday said it will buyback up to four crore shares worth around Rs 2,500 crore (Rs 25 billion).
Central location, ample educational institutions and cheaper trained workforce attract IT firms.
The company's profit rose with better IT spending by global clients and a rise in high margin digital projects.
Through these new hires and centres, Infosys will also focus on enhancing its play in new technology areas like artificial intelligence (AI), machine learning, user experience, cloud and big data.
Dispelling the notion that India-China are rivals, Bambawale also said there is no "anti-China mentality" in India.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the government after a multi-crore accounting fraud was exposed at the IT firm in the government treasury.
Shockingly, students of various schools and colleges were clients of Hyderabad drug peddlers.
The funds raised by employees were matched by an equal contribution from Wipro.
If the visa issue ultimately requires certain other considerations at govt level, we will consider that, says Ravi Shankar Prasad
Pop star Lady Gaga sang John Lennon's Imagine sitting at a flower-covered piano as the inaugural European Games.
The land shall forthwith vest with the original owners, their lineal descendants or legal representatives, "free-of- cost", he said.
The Taiwanese maker is adopting a model of setting up smartphone assembly lines in multiple cities across India.
For the quarter ended September 30, 2011, iGate Patni had 26,216 employees compared to 26,395 people in the previous quarter.
The apex court, however, agreed to give an early hearing to their pleas and issued notice to CBI for November 3, after the Diwali break.
Antara Das, who hailed from West Bengal, was attacked with a sharp-edged weapon around 8 pm on Friday night when she was returning home from work near Tathwade area.
A dearth of skilled staff, especially for high-end technologies, coupled with difficulty in obtaining H1-B visas, is prompting Indian IT companies to hire more people on a temporary basis overseas.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Indian information technology companies are making a huge splash all across the world.
A suspected Chinese government sponsored group is understood to have snooped on inaccessible government computer networks in India for over a decade, a cyber security group claimed.
At least two Karnataka State Road Transport Corporation buses and one of Bengaluru Metropolitan Transport Corporation have been set on fire, they said.
Shortly after the twin earthquake-tsunami that hit Japan, Indian IT firms had started calling back employees.
"We are looking at a gross addition of about 12,000 in our workforce and we are continuing with yearly target at 45,000 people," Infosys CEO and Managing Director S Gopalakrishnan said.
Nandini Gupta who interned at an IT firm explains how Artificial Intelligence can change our future.
IT firm Mahindra Satyam is likely to approach the Andhra Pradesh High Court challenging the Rs 2,114 crore (Rs 21.14 billion) income tax demand raised by the I-T Department.
IT firm iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as CEO of Patni.
The name of the company could not be disclosed as per the confidentiality clauses of the agreement inked by Tech Mahindra.
Murthy is launching an online market place for healthcare products.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
Weakness of dollar in the overseas market also boosted the rupee value, a forex dealer said.
The company's consolidated revenues surged by 27.01 per cent.
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46.
In addition, for those applying for certain L-1A and L-1B must submit an additional $4,500.
Rupee gains for 4th day against dollar, up 17 paise on Fed stance.
Billed as the most comprehensive dialogue between the world's two largest economies, it will be attended by top officials from both sides, including US Secretary of State John Kerry.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances