Larsen & Toubro, now one of Satyam's largest single shareholders with 4 per cent, sees a lot of synergy between the core strengths of the beleaguered software giant with those of L&T Infotech, its unlisted information technology subsidiary.
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
Forty-two per cent employees could potentially leave their job in 2 years.
While most companies in developing countries that export to the west are worried about protectionism, the stakes are high for India's outsourcing industry.
The crux of the problem it appears is one of "trust" and the perception that a unilateral decision was taken by the board, allegedly to favour Raju's sons' companies.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
The India-origin chief of The Hartford Financial Services, Ramani Ayer, will retire as chairman and chief executive officer of the Connecticut-based insurer by the end of this year.
Manufacturing production growth eased in May, which combined with the slowdown in services resulted in a weaker increase in private sector output, the survey said.
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
India's celebrated IT outsourcing industry, which contributes about 25 per cent of the country's total exports, is feeling the pinch as it struggles to deal with the avalanche effects of the global financial crisis.
In the light of the current economic slowdown, what raise do you expect?
The growth of India's IT outsourcing sector, which contributes to about 25 per cent of the country's total exports, is expected to slow down sharply this year following a drop in demand due to the global financial crisis, India's software industry lobby predicted.
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Founded in 2010 by Sanjay Swamy, Valerie Rozycki, and Amiya Pathak, ZipDial is a cloud-based mobile and analytics platform, which help companies reach out their targeted audience and do marketing through 'missed calls'.
Compared to the last 40 years (of TCS' existence), this is by far the most challenging time. The last nine months, in particular, were quite challenging. Some of our top financial services customers were in a difficult situation.
The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets
Earlier during the day, the Andhra Pradesh chief minister Y S Rajasekhara Reddy told reporters in Delhi that a CB-CID enquiry will be ordered into this 'mind-boggling' fraud, immediately. According to official sources, the CB-CID would take up the investigation only when a Government Order is issued in this regard.
The National Association of Software and Services Companies, the apex body of the IT-BPO industry in India, on Wednesday expressed shock at the disclosures made by Satyam Computer Services chairman B Ramalinga Raju.
Tata Group chairman Cyrus Mistry is keen to promote the 'Make in India' campaign.
To double revenues in four years; asks staff to 'think like a start-up', to brainstorm out-of-the-box ideas
Pramod Bhasin has been appointed as the chairman of the executive council of the National Association of Software and Service Companies (Nasscom) for the year 2009-2010.
Under another plan, it will offer unlimited voice calling along with 100 SMS per day, 5GB 3G/4G data and free subscription to Wynk Music and Wynk Movies for Rs 1,599
At the International Medical Hospital Show 2013 in Japan's Tokyo Big Sight, Fujitsu introduced a Mobile integrated EMR technology.
The new deal puts the enterprise value -- the sum of a company's market capitalisation plus debt minus cash - of this new-generation mobile services company floated by Delhi-headquartered real estate major Unitech at Rs 10,520 crore (Rs 105.2 billion), against Rs 11,620 crore (Rs 116.2 billion) in the agreement signed on October 28, 2008. At the adjusted rate, the company's equity value stands at Rs 9,100 crore (Rs 91 billion).
On the employment front, services employment was unchanged in April.
Announcing the launch of the pre-paid 3G service, company CMD R S P Sinha said, "MTNL is launching 3G Jadoo Prepaid Services so that customer should be able to avail the latest 3G/3.5G services at an affordable price". Since pre-paid is the preferred by customers, the 3G service will be available for only Rs 300 with lifetime validity, whereby a customer can make local video calls at Rs 1.8/minute and data download at Rs 3/MB.
This decision was taken at Executive Council meeting of National Association of Software and Service Companies held in Pune.
To add to company's 'three-screen' strategy of mobile phones, IPTV and broadband.
He topped the list with a personal fortune of $4 billion.
In addition, for those applying for certain L-1A and L-1B must submit an additional $4,500.
While consumers will be paying a higher upfront cost for smart metering, the share in the efficiency gains could more than offset this higher spend
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
The June quarter turned sour for MindTree as forex losses pushed the company into the red despite logging strong growth in revenues.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
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Fresher salary offered by IT companies in India had been stagnant at the level of Rs 3 lakh over the past 8-10 years.
Information Technology's trade body National Association of Software and Service Companies will revise its industry growth forecast in the first week of December. Though the industry would be able to meet the $60-billion target for 2010, the body may revise software exports growth forecast downwards by few percentage points for 2008-09 due to the US financial turmoil.
'Research shows that customers want their loans instantly.' 'So the team asked can we reduce the time for approval from 5 days to 30 seconds?' 'It took the company two years of hard work to tear apart our operations and processes and rebuild them through fresh ideas and by leveraging technology.' 'We reduced the time of loan approval to 3 hours and another year to get it down to 30 seconds,' Sanjiv Bajaj tells Surajeet Das Gupta.
Taking the first concrete step towards curtailing the rising incidents of crime against business process outsourcing (BPO) staffers, a group of 32 Pune-based BPOs and National Association of Software and Service Companies (NASSCOM) have framed a 'code of conduct' to ensure their physical security.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Assocham estimates offices are facing staff crunches of 15 to 25 per cent with the various strains of fever.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
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