The sector, including domestic and exports segments, is growing at an estimated 28 per cent in FY07.
The board finally gives into the demands by activist investor Carl Icahn.
The Indian IT-BPO sector, both in exports and domestic business, is expected to register a growth of 28 per cent in 2006-07 and revenues are likely to exceed $47.8 billion, nearly a 10-fold increase over the aggregate revenue in 1998.
Venture capital funds and private equity investors disbursed an estimated $1.3 billion in India in 2004, a growth of 49 per cent over the previous year
Continuing with the remarkable double-digit growth, Indian IT and ITeS revenues is expected to exceed $28 billion in 2004-05 from $21.5 billion in 2003-04 with ITeS-BPO as the fastest growing segment in the wake of changing global services landscape,
Saudi Arabia's strategic review has UN and nuclear analysts worried, says 'The Guardian'
HSBC Holdings Plc will shut its private banking business in India, a spokesman said
Accounting for a meagre 0.2 per cent of the global sales in 2002, India's software product revenue in 2002-03 touched Rs 1,000 crore (Rs 10 billion) with exports accounting for 60 per cent, according to Nasscom Strategic Review 2004.
SpiceJet is conducting a strategic review of fleet and network, which could see staff reductions and a possible phase out of Bombardier Q400 planes in three months.
Assets that are on the block include loans, proprietary bond and equity investments.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
He has been a long time Blackberry fan and user.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
IT sector may have to face tough times ahead.
British banking major HSBC on Thursday announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300 job losses.
Reeling under the pressure of two catastrophic aviation tragedies, Malaysia Airlines is mulling a name change and restructuring of routes in a bid to repair its reputation, a media report has said.
For simplification and a sharper strategic focus, BHP Billiton has been reassessing its global assets portfolio.
Disposals also likely, clients to be cut -CEO memo to staff
After Infosys, hike in other IT companies also seen in 6-9% range.
The Indian cricket team's 2014-15 tour of Australia is the last time when it would have played both the Tests and tri-nation ODI series together as it will be split into two separate tours from now on, said Cricket Australia's Chief Executive James Sutherland.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker's chief executive.
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