IT Companies

  • Indian-American run IT company to fix Obamacare website October 27, 2013

    Washington: The Obama administration has turned to a technology company run by Indian-Americans to fix the problem ridden website for Americans to buy insurance under President Barack Obama's signature healthcare law. Columbia, Maryland, based Quality Software Services Inc, or QSSI, will now serve as a general contractor to oversee repairs to...
  • Wipro shares slump on first trading session after split April 9, 2013

    Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit. Wipro's split-off announced in November 2012 legally took effect on March 31,...
  • Chennai: IT cos to feel the heat as tankers stay off roads September 21, 2012

    Chennai: The IT and ITES sector in Chennai, which remained unaffected by the Bharat Bandh on Thursday, was likely to take a hit in the next few days due to the ongoing strike by private water tankers’ association, said a highly placed source from the sector. The strike began on...
  • Indian IT cos among 10 worst paymasters in world September 9, 2012

    New Delhi: Indian companies are among the world's 10 lowest paying employers in the IT space, with their mid-to-senior level staff getting an average salary of USD 38,767 (about Rs 21.5 lakh) per annum - less than one-fourth of the IT pay package at globally top-paying Swiss firms. ...
  • Infosys employee jumps to death in Hyderabad August 2, 2012

    Hyderabad: A young woman employee of Infosys died after allegedly jumping off a building at the IT giant's office at Gachibowli in Hyderabad, police said on Wednesday. S Neelima, 27, was found lying in a pool of blood by a security guard near the building at around 10:30 PM on Tuesday...
  • Rising visa costs may pinch IT cos' profits July 15, 2012

    New Delhi: Indian IT companies, including market leaders TCS and Infosys, may have to bear huge costs towards employee visa fees going ahead, which in turn can put pressure on their profit margins. Difficult visa norms, particularly in the US - one of the most important markets for the Indian software...
  • French IT company Atos to ban e-mail November 30, 2011

    London: Atos, one of biggest information technology companies in the world with over 80,000 workers in 42 countries, will soon ban e-mails because it says 90 per cent of them are a waste of time. Atos, headquartered in France, said too many employees waste time dealing with irrelevant e-mails, according...
  • 'Indian IT cos among world's lowest-paying employers' November 25, 2011

    New Delhi: India Inc is among the world's lowest paying employers in the IT space, with their mid-to-senior level staff getting an average salary of USD 36,120 (about Rs 18.5 lakh) per annum - less than one-fourth of the IT pay package at globally top-paying Swiss companies. ...
  • Top 200 Indian IT cos earn $ 84 bn in FY'11 August 2, 2011

    Bangalore: The top 200 IT companies in India logged a combined revenue of $ 84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11, the highest in the past four years, according to a survey. The revenues of these companies stood at Rs...
  • UK concerned over visas to Indian IT experts May 17, 2011

    London: The Public Accounts Committee of the House of Commons on Tuesday expressed concern over immigration officials' alleged "lack of control" over Indian and other non-European Union workers entering Britain through the Inter-Company Transfer (ICT) route. Many Indian IT companies use this route to transfer staff to offices in Britain. Since...
  • 'Chop shop' Infosys to change US perception August 9, 2010

    Bangalore: An American senator lashed out at Infosys on Sunday saying it was like a chop shop. In reply, the Indian IT giant says it won't take on the senator legally but will work to change American perception. ...
  • IT companies want extended tax benefits February 15, 2010

    The tech sector wants tax benefits extended for small and medium IT companies to help them expand in smaller cities ...
  • CISF gets new clients in Bangalore IT majors January 30, 2010

    Bangalore: In the midst of security threats the Central Industrial Security Force (CISF) has a new client. The new clients are not some government organisation but IT majors in Bangalore. To the sound of bugles, 68 personnel of the CISF took charge at their latest post at the Electronic City in Bangalore. A...
  • India IT firms unalarmed at US' tax break threats January 30, 2010

    Bangalore: US President Barack Obama's threat to stop tax breaks to companies shipping jobs abroad sent IT stocks into a spin. But the industry says there's little cause for worry. The threat is more to do with reducing tax differentials for US companies with overseas subsidiaries. Vice...
  • It takes a software company to make the govt work October 6, 2009

    Once they chased America’s H-1/L-1; now they scramble for Government of India’s L1-T1. Like the proverbial chickens, Indian IT companies are coming home to roost. In the film Matrix, déjà vu happened when the master program was changed. In six months from now, a similar sensation might grip you in the...
  • Forbes India: A slice of Bangalore September 10, 2009

    Nandita Gurjar, group human resource (HR) head of Infosys, has been quite busy lately. She and her team have interviewed at least 800 project managers, product architects and software testing professionals in 10 locations in the last few weeks. Her target is to get 1,000 technical people on board in...
  • Environment Day: e-waste June 15, 2009

    New Delhi: Subhash Sinha, a director at a diagnostics company has just found a new place to discard his office waste – the HCL office. “We manufacture things but there are wastes also. We need to have a vendor that can dispose this waste responsibly. So while searching on the Internet...
  • FY009 to see 5-20 pc drop in IT cos' pricing: JP Morgan March 12, 2009

    Commenting on the Indian IT picture, Bhavin Shah of JP Morgan said Indian IT companies would see sharp pricing pressures in the fourth quarter of FY09. Shah also said that he sees price reduction in the range of 5-20% in 2009, which may be in a mid to high single...
  • Infosys plans no lay offs; to go on with recruitment February 17, 2009

    Chennai: IT major Infosys has no plans to lay off its employees and is going ahead with placement of all the 18,000 candidates who were extended offer letters. "No, we do not have any plans," Infosys Chief Executive Officer and Managing Director Kris S Gopalakrishnan told reporters...
  • Economic meltdown: IT companies looking at pay cuts January 30, 2009

    Bangalore: The current downturn has forced IT companies to slash variable pay components like travel and entertainment allowances of their employees. This means employees could also be staring at pay cuts. HR experts have warned that there could be a 10 to 20 per cent drop in salaries across IT...
  • Infosys, Wipro receive terror e-mails January 5, 2009

    Bangalore: Six prominent IT companies in the city, including Infosys and Wipro, have received e-mails threating to blow up their buildings, a top police officer said in Bangalore on Sunday. Joint Commissioner of Police B Gopal Hosur said that the companies received e-mails threatening to blow up their establishments two days...
  • Govt unfair to IT sector, rues top Infosys officer April 15, 2008

    New Delhi: Infosys Technologies Ltd announced a net profit of Rs 4,659 crore for the fiscal year 2007-08 but the company feels the Government’s lack of clarity on tax breaks for software technology parks may hurt the IT industry. A top official of the company said India could lose to other...
  • Muslim techies cry foul over terror network allegations March 2, 2008

    Bangalore: In the past 10 years that he has lived in Bangalore, former chief technology officer of Sun Microsystems and current CEO of iCalibrator, K M Sherif has never been accused of being a terrorist. Until two days ago, when a national daily suggested that Sherif heads a group of...
  • Do background checks on recruits: Cops to IT firms February 29, 2008

    Bangalore: Days after thirty-two-year-old Yahya Kammakutty, a BTech graduate from the National Institute of Technology who worked for Tata Infotech and Wipro GE Healthcare, was arrested for suspected terror activities, the police have asked IT companies to do background checks on new recruits. Arrested by the Corps of Detectives (CoD), the...
  • IT sector deflates, no more soaring salaries January 31, 2008

    New Delhi: MNCs are readily adopting measures to prevent their employees from jumping the ship and data compiled by global human resources consultancy firm, ECA International, shows that Indians are going to get the highest salary hikes in 2008. However, the data somehow does not seem to include the IT sector,...
  • 29 India-based IT cos amongst world's top 100 January 30, 2008

    Washington: Twenty-nine India-based companies have been listed among the best 100 IT service providers in a new survey carried out with a view to assist business heads of major outsourcers identify reliable, innovative and tech savvy partners. The toppers from each of the 10 categories that were identified included four companies...
  • First day at work? CEO may greet you with flowers September 10, 2007

    Mumbai: When Gerald Prasath walks into a new job, a big surprise awaits him. The CEO and management of his new company, Bangalore-based Aditi Technologies, greets him at the gates. Then, the rituals begin: the crowning, tilak, garlanding, aarti and a puja in the background. As if that's not enough,...
  • First day at work? CEO may greet you with flowers September 11, 2007

    Mumbai: When Gerald Prasath walks into a new job, a big surprise awaits him. The CEO and management of his new company, Bangalore-based Aditi Technologies, greets him at the gates. Then, the rituals begin: the crowning, tilak, garlanding, aarti and a puja in the background. As if that's not enough,...
  • BPOs, IT companies smiling over new ECB Norms August 15, 2007

    New Delhi: In order to find a solution to the rising rupee crisis faced by the Indian industry, the government has decided to put restrictions on the external commercial borrowings, or ECBs. The move would reduce the flow of dollars into the country. The new norms states that a company can...
  • Indian IT companies look for low-cost destinations July 12, 2007

    New Delhi: It was not so long ago that the IT companies in United States and Europe viewed India as a 'low cost' destination in terms of technology, services and manpower. Today, much like their US counterparts, Indian IT companies are looking for low-cost destinations like Malaysia and Philippines...