Services companies continued to raise prices, though the rate of change was the weakest since April
India imported $62 billion of Chinese goods last year.
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
Deal to bolster firm's position in healthcare IT.
The chances that US President Obama will achieve a near-universal healthcare system have dramatically improved after a lone Republican, Senator Olympia Snowe of Maine, prepared to vote with Democrats for a compromise proposal. This gives Obama a much better chance of achieving the 60 votes he needs to pass a Bill in the Senate.
'We will have to wait for at least two quarters of data to ascertain whether the recovery is real and sustainable.'
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
Tata Consultancy Services on Thursday said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
All employees of India's second largest information technology services company, Infosys, will get a stock bonanza on its 30th birthday on July 2.
India's largest information technology (IT) services company, Tata Consultancy Services (TCS), may hire close to 11,000 employees in the January-March 2010 quarter. Close to 8,300 staffers are expected to be recruited from campuses, while 3,000 would be laterals or experienced hands.
Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark
Satyam Computer Services Ltd (rebranded as Mahindra Satyam to reflect its new ownership by Tech Mahindra) has filed a fresh lawsuit in a New York court, challenging the tax payment claims made by mobile payment services company Upaid Systems.
Sikka said recent initiatives had started yielding dividends.
Offers, high ones, are coming in before placements officially start.
National Association of Software and Service Companies had a humble beginning.
Amit Jatia, managing director, McDonald's India, (west & south) in an interview with Deepa Menon speaks about the company as well as its future plans in India.
This will also apply to those working temporarily on onsite projects.
The company, which hired around 27,000 last financial year, will hire more this time on the back of a positive outlook for the overall economy.
The funds raised by employees were matched by an equal contribution from Wipro.
The expansion in headcount will come across nearly 13 of its business verticals including agriculture and nutrition, construction, automotives, renewable energy, textiles and chemicals.
"People would come to India because they need to leverage talent wherever it is available. By 2025, the Asia Pacific economies will cross that of Europe."
Shooting in Sri Lanka costs one-fourth of that in India, has one-tenth of the headaches, looks like Indians and the country can easily form the background for an Indian story.
Microsoft, the world's largest software company, is keen to partner India in a project to issue unique identification to each citizen, its chairman Bill Gates said on Friday.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
The country is an old hand at pitching for international productions.
According to the 2008-09 report of the IT-BPO industry body, the Indian animation industry was worth $494 million in 2008.
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
What is not so well-known, possibly because of the scale and size of its information technology business, is that Wipro is the third-largest Indian-owned fast-moving consumer goods company after Nirma and Dabur -- Wipro Consumer Care and Lighting, the FMCG and lighting products arm of the company, will likely end 2009-10 with sales revenue of Rs 2,500 crore (Rs 25 billion).
The French IT services company had said it would buy IGATE for $ 4 billion in an all-cash deal.
Infosys Technologies, India's second largest information technology services company, which is an early bird on campuses this year, says it will offer jobs to 13,000 freshers for 2010-11.
The $4.6-billion company, which had earlier made an unsuccessful bid to acquire SAP consulting firm Axon that was latter acquired by HCL, would prefer acquiring companies overseas where growing organically is a little challenge, the Bangalore-headquartered company's CEO and MD S (Kris) Gopalakrishna said.
The West Bengal government had early this month shelved the IT township project at Rajarhat in North 24 Parganas, where Wipro and Infosys were supposed to set up their units, after allegations of irregularities in allocation of land for the luxury Vedic Village resort surfaced.
The HSBC India Services Business Activity Index, that tracks changes in activity at Indian services companies on a month-by-month basis, fell from 51.6 to exactly 50.0 in October.
The DST has accepted a proposal of National Association of Software and Service Companies in this regard.
The tax authorities challenged a Gujarat high court judgement that had dismissed their appeal holding that Karnik could not be held guilty of even deemed concealment. A Bench headed by Justice D K Jain, while posting the matter for final hearing, rejected Karnik's counsel P K Manohar's plea to allow him to file a counter affidavit.
'India is the number one IT destination in the world as we have the largest number of IT professionals in the world.'
At present, no harmonised set of admission rules and procedures apply across the European Union. EU has some 27 member states and each state has different regimes for work permit application, making the movement of high-skilled and specialised workers of a company within EU cumbersome.
The DBS venture has been under financial stress of late.
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