ITeS-Tech-The Economic Times

Large IT companies like Infosys may struggle to grow at 20% unless IT budgets ramp up: Kotak Securities

Fri, 25 May 2012 15:41:10 GMT

Large IT Indian providers such as Infosys, Tata Consultancy Services and Wipro may struggle to grow at 20% unless IT budgets ramp up.

HCL Technologies inks pact with UBM Canon for content management solutions

Fri, 25 May 2012 13:10:47 GMT

HCL Technologies has signed an agreement with UBM Canon to deliver production and content management solutions to the media and communications group.

Aditya Birla Nuvo revives plans for stake sale in BPO arm

Thu, 24 May 2012 10:16:30 GMT

Aditya Birla Group flagship, Aditya Birla Nuvo Limited, has revived plans to sell a stake in its BPO arm, Aditya Birla Minacs.

West Bengal keen on Infosys unit in state

Wed, 23 May 2012 22:35:19 GMT

West Bengal government on Wednesday finalised its IT policy at the meeting of the cabinet standing committee on industries.

School students in Lucknow are at par with cousins in metros in IT usage: TCS survey

Wed, 23 May 2012 15:02:13 GMT

A nationwide survey to study digital habits of school students has found that Lucknow youth is at par with IT savvy counterparts in the metros.

Tech Mahindra confident will hold current margins

Wed, 23 May 2012 12:46:17 GMT

Tech Mahindra Ltd, an Indian software-services provider, is confident of maintaining operating margins at current levels over the next couple of quarters.

Tech Mahindra Q4 net seen down 30% at Rs 1415cr, margins eyed

Wed, 23 May 2012 05:38:55 GMT

Tech Mahindra Ltd is expected to report a 30 percent QoQ decline in its fourth quarter net profit to Rs 180 crore from Rs 276 crore in the previous quarter.

Ahead of presidential polls, WNS opens centre in US

Tue, 22 May 2012 19:23:38 GMT

WNS joins other India-based IT/BPO firms such as EXL, HCL Technologies, Infosys and Genpact in raising their employee presence in the US.

Oracle launches 2 products to tap enterprise storage market

Tue, 22 May 2012 16:08:40 GMT

Oracle launched 2 new products - StorageTek Tape Analytics & Sun ZFS Backuo Appliance - to further strengthen its hold on the enterprise storage mkt.

Partner with us: Sachin Pilot to Australian tech firms

Tue, 22 May 2012 13:39:59 GMT

Underlining the potential of over one billion people strong market, India today asked Australian tech firms to forge partnership with it.

Indian IT spend to grow by 16% to Rs 1.9 trillion in 2012: Gartner

Tue, 22 May 2012 13:22:11 GMT

Indian enterprises will spend an estimated Rs 1.91 trillion on information technology and related services in 2012, according to latest data.

IT enterprise market to reach Rs 1.91 lakh crore in 2012: Gartner

Tue, 22 May 2012 11:15:36 GMT

The enterprise IT spending, which comprises software, services, telecom and other spending, was Rs 1.64 lakh crore in 2011.

Genpact inks business process management deal with Dr Reddy's

Tue, 22 May 2012 08:01:23 GMT

Genpact said it has signed an agreement with Dr Reddy's Laboratories to provide comprehensive F&A services to the pharmaceutical major.

Indian IT companies entrepreneurial, not outsourcing hubs: Jackie Taranto, MD, CeBIT Australia

Tue, 22 May 2012 07:38:38 GMT

CeBIT Australia Managing Director Jackie Taranto said it would be a mistake to gauge India's role as supplying outsourcing to Australian business.

Wipro looks at M&As worth $1 billion to boost profit

Tue, 22 May 2012 03:50:01 GMT

Wipro is targeting deals between $50 m & $300 million. To add intellectual property and software to help boost profit, Chairman Azim Premji said.

Falling rupee: IT companies worried over currency volatility

Mon, 21 May 2012 14:43:44 GMT

Exporters may cheer rupee falling below 55-level, but with most cos hedging their earnings in advance, the current fluctuation may not make huge difference.

Global IT outsourcing market grows by 7.8 per cent in Fy '11

Mon, 21 May 2012 13:19:22 GMT

Information technology services providers based in India and those offering cloud services recorded the highest growth in 2011, Gartner said on Monday.

L&T Infotech, BMC Software partner for global IT infrastructure services

Mon, 21 May 2012 13:08:36 GMT

L&T Infotech has entered into a global partnership with BMC Software for providing IT infrastructure management services.

Nasscom concerned over US visa probe on Indian companies

Mon, 21 May 2012 07:13:03 GMT

Nasscom has expressed concern over recent probe by the US against some Indian companies, including Infosys, on allegations of violating visa norms.

Worldwide IT outsourcing revenue grew nearly 8% in 2011: Gartner

Mon, 21 May 2012 07:11:35 GMT

Worldwide IT outsourcing (ITO) revenue grew nearly 8% to $246.6 billion in 2011 from $228.7 billion a year ago, according to Gartner Inc.

Govt has failed to give definition of software exports: Narayana Murthy

Sun, 20 May 2012 19:11:32 GMT

The government has not been able to provide clarity on the definition of software exports for over a year now and it is causing inconvenience to the industry.

World BPO Forum launches initiative to train people in tier-II and tier-III cities

Fri, 18 May 2012 16:07:12 GMT

The World BPO Forum, in association with BPO Association of India plans to train people in Tier-II and Tier-III cities over the next few years.

Rupee volatility a concern for IT-BPO industry: Nasscom

Fri, 18 May 2012 13:48:12 GMT

The rupee has seen wild swings in recent months, mainly on account of FII outflows and the European economic turmoil.

Falling rupee opening up new opportunities for IT companies

Fri, 18 May 2012 03:43:39 GMT

Indian IT firms could earn some brownie points with their clients by passing on some of the foreign exchange gains as savings to its US clients.

Mahindra Satyam sales decline 3%; flags trouble in US, EU

Thu, 17 May 2012 19:09:28 GMT

In the future, we see drawback in discretionary spending, said chairman Vineet Nayyar, warning that US mkt is starting to show signs of strain.