IT INDUSTRY

  • We can once again become bellwether of IT industry: Vishal Sikka October 10, 2014

    Bangalore: Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over US dollar 100 billion Indian IT industry. Vishal Sikka, who took over as CEO of the Bangalore-based firm in August, has been...
  • Karnataka to make IT industry an essential service October 22, 2013

    Bangalore: The Karnataka government is planning to declare IT industry and all IT enabled services as essential services. The IT industry will come under the Essential Services Maintenance Act (ESMA) once the government formally notifies its order. It will exempt the IT industry from bandhs, strikes and long holidays. According...
  • Bangalore: Narayana Murthy seeks airport near Electronics City June 29, 2013

    Bangalore: Infosys Executive Chairman NR Narayana Murthy has pitched for a small airport near Electronics City, the biggest hub of Bangalore's IT industry that houses the main Infosys campus, as he called for improving the infrastructure facilities in Karnataka. "We are not asking for anything extraordinary. We are asking for reasonably...
  • Writing is the act of interpreting real life events: Eshwar Sundaresan June 20, 2013

    A techie community of around two hundred Indians stationed in Milwaukee suddenly finds itself under a siege. On a fateful Friday, a cyclonic snowstormSuper Susanis breaking winter records outside their windows. And beyond, somewhere in the inky darkness, a serial killer who targets immigrants is on the loose. An indiscreet...
  • Industry hails the return of Narayana Murthy at the helm of Infosys June 2, 2013

    Bangalore: The resilient Indian IT industry hailed the return of its icon NR Narayana Murthy as the executive chairman of global software major Infosys Ltd Saturday. "Murthy is an iconic leader who played a key role to shape the Indian IT industry. We welcome him in his role as executive...
  • Two Indian IT firms caught in $ 45 million global ATM heist May 15, 2013

    Bangalore: Two Indian IT firms are feeling the heat of the recent $ 45 million global ATM heist. But while they are under scrutiny for possible security breach, industry body NASSCOM says the incident is not a reflection on Indian IT services overall. It is being called the world's largest...
  • Indian IT industry targets $300 billion revenue in 7 years March 5, 2013

    Bangalore: Targetting $300 billion revenue from IT sector by 2020, the industry representative body Nasscom on Monday announced expansion of its focus to include internet, mobile technology and cloud computing. Currently revenue from software and services is around $100 billion. The larger focus for Nasscom, from just software and services, has been...
  • India IT hopes for easing of Obama's antioutsourcing stance November 8, 2012

    New Delhi: India's outsourcing chiefs crossed their fingers that Barack Obama would take a less hawkish stance on the industry during his second term, as they cheered his reelection as a possible boost to the US economy. Obama sharpened his rhetoric against industries that move jobs out of America during his...
  • As offshoring grows, banks grapple with oversight August 11, 2012

    Mumbai: Global banks that ship increasingly sensitive and sophisticated work overseas to save costs will be forced to step up oversight of back office operations after industry scandals point to lapses involving offshore units in India. What started a decade ago as call centres staffed by young Indians faking Western accents...
  • US Consul General visits Kochi Infopark June 14, 2012

    Kochi: US Consul General Jennifer A McIntyre on Thursday visited the Infopark campus here to gain firsthand knowledge about the investment opportunities offered by Kerala's IT industry. "I am really taken up by the growing Kerala IT and the infrastructure facilities available at Infopark for the growth of IT. The industry...
  • Infosys to declare its Q4 earnings today April 13, 2012

    New Delhi: The IT giant Infosys is set to declare its fourth Quarter results earnings on Friday. While analysts expect muted growth, the earnings season for Indian IT firms comes amid improving macroeconomic stability in the US and European markets. Worldwide IT spending is forecast to increase 2.5 per cent in...
  • Address concerns of IT industry: India to US February 8, 2012

    Washington: India on Tuesday expressed hope that the current economic woes in the US would not lead to protectionism and said that concerns of the Indian IT industry over antioutsourcing measures announced by President Barack Obama recently will be addressed quickly. Foreign Secretary Ranjan Mathai on his first bilateral visit to...
  • Indian IT cos in US paid $15bn taxes : Mithai February 7, 2012

    Washington, The Indian IT industry in the US has contributed USD 15 billion in taxes alone in the last five years, Foreign Secretary Ranjan Mathai said, stressing on the need to eliminate discriminatory actions. Mathai, on his first bilateral visit to the US in his capacity as the Foreign Secretary, expressed...
  • Can Infosys make a comeback? December 20, 2011

    He is principal analyst & CEO of Offshore Insights Research and Solutions. He has been tracking the Indian IT industry and Infosys for 15 years. There was a time when every reference to Infosys was about how well the company was doing. Over the last twothree years, the narrative has changed....
  • 'Infosys to hire 10,000 by March 2012' December 9, 2011

    Kolkata: IT major Infosys Technologies will start construction work on its first software development centre in West Bengal, at Rajarhat near Kolkata, in three to six months, a top company official said on Friday. "We have paid the money and got possession of the land. We hope to start construction work...
  • Infosys said to hire 12,000 employees in Q2 July 12, 2011

    Mysore: Keeping up the hiring momentum, the country's second largest software exporter Infosys on Tuesday said that it will hire about 12,000 people this quarter. The company currently has over 1.33 lakh employees. "We are looking at a gross addition of about 12,000 in our workforce and we are continuing with yearly...
  • IT industry not adhering to green norms: Ramesh March 21, 2011

    Hyderabad: "I close my ears when the IT czars are giving long lectures on green buildings," says Environment Minister Jairam Ramesh. Ramesh made this remark while accusing the Information Technology (IT) industry of not adhering to green norms. "The IT industry is a huge guzzler for air conditioning. IT buildings are horribly...
  • Budget has nothing new for IT Industry: Vikas Khanvelkar February 26, 2010

    "Budget has nothing new for the IT Industry. 2 % increase in excise duty on all the products will not have a very significant adverse impact on the demand and hence the production. " "Rise in petrol and diesel prices will increase the inflation which is already very high." "Substantial increase...
  • Forbes India: How Shiv Nadar lets HCL grow up November 3, 2009

    Those whove tracked Indian IT for a few years now, usually have no qualms in describing Shiv Nadar as the original pit bull terrier in the business. Fierce, hard charging, unforgiving, and deeply, deeply involved with HCL Technologiesa software services company he spun out of his original creation, a hugely...
  • HCL Technologies net up 18.5 per cent October 28, 2009

    Mumbai: Software services major HCL Technologies on Wednesday said net profit for the quarter ended September 30 went up 18.5 per cent to Rs 300.75 crore from the like quarter in the previous fiscal. Total income for the company increased 5.67 per cent to Rs 1,295 crore for the first quarter...
  • Infy gets CISF cover, to shell Rs 2.5 cr annually July 31, 2009

    Bangalore: With corporate establishments coming under terror radar, software giant Infosys on Friday became the first private setup to get the cover of the Central Industrial Security Force (CISF) which usually guards only government installations. "This is the first time, since its creation in 1969, that the CISF will be...
  • FM has done a fairly good job: Narayana Murthy July 6, 2009

    Infosys chairman says Pranab Mukherjee met his expectations. ...
  • Engineering grads prefer IT sector jobs: survey June 9, 2009

    Mumbai: Information technology (IT) is the most desirable sector for a career for India's engineering students set to graduate in 2010, according to Nielsen Campus Track TSchools study. Tata Group Chairman Ratan Tata leads the role model list for the 2010 batch of engineering graduates, the study said. Students prefer the IT...
  • Watch: What's engineering future in today's time May 23, 2009

    Find answers to all your queries about IT industry. ...
  • Indian tech firms struggling but hope for best May 22, 2009

    Bangalore: Financials on the mend and signs the world economy is not falling off the cliff are good news for India's high profile IT outsourcing industry but that's still not enough for the sector to regain its past glory. Many customers of India's software services exporters, who had so...
  • Infosys to hire 1,000 fresh employees in US May 21, 2009

    Houston: Indian software firm Infosys plans to hire about 1,000 people in the US in the next 12 to 18 months amid a gloomy job market. In an interview with the local media, Infosys Chief Executive Kris Gopalakrishnan, who is currently in Seattle for Microsoft's CEO...
  • HCL Technologies Q3 net falls 36 pc, shares tumble April 22, 2009

    New Delhi: HCL Technologies Ltd on Wednesday said thirdquarter profit fell by more than a third, hit by forex losses, despite a revenue rise, dragging the shares down more than 13 per cent. Profit for HCL, one of India's top five software exporters, fell 36.4 per cent to 2.18...
  • Recession: Cost cutting and saving, IT is important March 5, 2009

    Mumbai: IT companies are up against a brick wall. They're facing strong margin pressures, 10 to 15 per cent pricing pressure, and cross currency volatility. And in these times, they have only one option left to them: Cut costs. We have to be extremely careful about how well we take care...
  • Rising during slowdown, Infosys shows healthy growth January 13, 2009

    New Delhi: Global slowdown, volatile forex and now the Satyam scam not the best of times for India's IT companies. So when Infosys reported a handsome growth of 35 per cent in the third quarter it came as a positive surprise. But the management made it clear that the going...
  • Infosys sees IT industry growing 15 per cent December 4, 2008

    New Delhi: Infosys Technologies Ltd CEO said he saw the technology sector growing 15 per cent in 2008/09, its chief executive said on Thursday. "Last year the IT industry grew more than 30 per cent, this year it is looking at somewhere in the region of 15 per cent. So...