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 macro-economic stability in the US and European markets. Worldwide IT spending is forecast to increase 2.5 per cent in 2012 from a year ago, research firm Gartner Inc. said on Apr 5, lower than its January forecast of...
06:40 AM, Apr 13, 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 anti-outsourcing measures announced by President Barack Obama recently will be addressed quickly. Foreign Secretary Ranjan Mathai on his first bilateral visit to the US said that the Indian IT industry in the US has contributed $15 billion in taxes alone in...
12:22 AM, Feb 08, 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 hope that the economic challenges in the US would not lead to protectionism and concerns of the Indian IT...
10:46 AM, Feb 07, 2012
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 two-three years, the narrative has changed. All eyes are now on the new CEO SD Shibulal and his new strategy. To answer your question specifically,...
11:00 AM, Dec 20, 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 in three to six months," Infosys Technologies Executive Co-Chairman S Gopalakrishnan said on the sidelines of a CII event...
07:56 PM, Dec 09, 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 target at 45,000 people," Infosys CEO and Managing Director S Gopalakrishnan said on Tuesday. With the improving business...
12:57 PM, Jul 12, 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 inefficient when it comes to meeting energy efficient levels. I close my ears when the IT czars are...
07:13 PM, Mar 21, 2011
Washington: Stepping up his campaign against outsourcing, US President Barak Obama on Friday asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way. "We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference...
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