Software Services

  • TCS shares up on agreement with Mitsubishi Corp April 21, 2014

    Shares of Tata Consultancy Services (TCS) surged in morning trade on Monday after the software services firm signed an agreement with Japanese major Mitsubishi Corporation. TCS on Monday said it has signed an agreement with Japanese major Mitsubishi Corporation to form a single IT services unit. The merger, in which TCS...
  • Infosys gives 6-7 per cent wage hike to employees April 15, 2014

    Bangalore: Country's second largest software services firm Infosys has raised salaries of its employees in the country by 6-7 per cent and by 1-2 per cent for onsite workers, effective April 1. "We have increased salaries. We have given salary hikes of 6-7 per cent for offshore and 1-2 per cent...
  • Infosys to challenge new tax demand of $ 105.3 million May 20, 2013

    Bangalore: Infosys Ltd, India's No 2 software services exporter, said on Monday it would challenge a $ 5.77 billion income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special...
  • I-T Dept slaps Rs 582 cr tax demand notice on Infosys May 20, 2013

    New Delhi: Income Tax department has slapped a fresh $ 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of $ 214 million...
  • Tata Consultancy profit rises 22 pc to Rs 35.97 billion April 17, 2013

    Mumbai: Tata Consultancy Services Ltd, India's top software services provider, matched estimates with a 22 per cent rise in quarterly profit and said it expects to grow revenue faster than a key industry-wide forecast for the year starting this month. Net profit for the fiscal fourth quarter ended March 31 rose...
  • Wipro results temper IT sector euphoria January 19, 2013

    Mumbai: India's no.3 software services provider Wipro Ltd's less-than-perfect score on its quarterly earnings report card threw a measure of doubt over the sector's near-term outlook, with new projects and contracts still elusive. Since a week ago, better-than-expected results from Infosys Ltd, Tata Consultancy Services Ltd and HCL Technologies Ltd...
  • Wipro Q1 consolidated net profit up 6.7 pc July 24, 2012

    Mumbai: Software services exporter Wipro's IT services revenues grew higher than expected by 9.54 per cent quarter-on-quarter to Rs 8,314 crore for the quarter ended June 2012. IT services EBIT too increased better than expected by 10.87 per cent QoQ to Rs 1,744 crore in the first quarter of FY13. Analysts on...
  • Infosys Technologies beats estimates October 15, 2010

    Bangalore: Infosys Technologies, India's No. 2 software services exporter, raised its annual revenue forecast after topping quarterly profit estimates, but a weaker dollar could crimp growth for the export-driven firm. Infosys, larger rival Tata Consultancy Services and No. 3 player Wipro, have raised salaries and are hiring more staff as companies...
  • Asia's largest biz site Moneycontrol completes 10 yrs November 5, 2009

    New Delhi: Asia's largest and the world's second largest financial and business portal Moneycontrol.com completed 10 years of powering personal wealth on Thursday. The 10th year anniversary of the site will be marked by a host of celebratory activities online. Keki Mistry, Anand Mahindra, Ramesh Damani and Mohandas Pai have...
  • Wipro Q1 net rises 13 pct, beats forecast July 22, 2009

    Bangalore: India's third largest IT bellwether, Wipro, remained profitable in the first quarter this fiscal despite marginal revenue decline in its global IT services business sequentially and annually. Even for the second quarter, revenue from its flagship IT services business is expected to remain flat in the $1.03-$1.05 billion range, as...
  • Citi selling India back office to TCS for $505 million October 8, 2008

    Hong Kong/Mumbai: The US financial giant Citigroup, which has been shedding non-core assets, plans to sell its Indian back office operation to Tata Consultancy Services in a deal that one source said would be worth $505 million. Citi's sale of the back-office unit to India's biggest software services exporter...