Bharti now among global top 5
June 8, 2010 by Mike · Leave a Comment
India’s Reliance in Informal Talks With AT&T
June 7, 2010 by Mike · Leave a Comment
India’s Reliance Communications Ltd. and U.S. telecom giant AT&T Inc. have sounded out each other’s interest about a potential transaction in which AT&T would take a significant minority stake in the Indian cellphone company, according to people familiar with the matter.
The people characterized the informal discussions as very early, and cautioned that no deal is imminent, but said advisers and officials at the companies have been in touch in the past few weeks to explore the idea. Reliance, which is backed by billionaire Anil Ambani, said on Sunday its board has approved the sale of up to a 26% equity stake in the firm to raise cash for debt reduction and network upgrades. Read more
Why Infosys’ top execs got huge compensation
June 4, 2010 by Mike · Leave a Comment
NEW DELHI: For those who might have wondered how Infosys’ top bosses managed to pocket high compensation for the fiscal 2009-10 despite the company posting a lower profit compared to the previous fiscal, here’s why.
Country’s second-largest software services provider by revenue has specified that because of currency fluctuation, the company’s top bosses got a hike in the total salary package. For the fiscal 2009-10, the company reported a lower profit of Rs 5,803 crore compared with Rs 5,819 crore in the previous year. Read more
India to lead in cloud computing: Ballmer
May 28, 2010 by Mike · Leave a Comment
Infosys Technologies is working out deals worth $1 billion
August 7, 2009 by Rojit · Leave a Comment
The country’s second largest software exporter, Infosys Technologies, is working to bag 15 deals worth $1 billion in the second quarter, amid hopes of a surge in global outsourcing demand which was adversely hit on accounts of global slowdown. Read more
Bill Gates’ Fix for India’s Ills: Technology
July 31, 2009 by Rojit · Leave a Comment
Microsoft Chairman Gates says technology—from an electronic network for urban workers to a national ID card project—can help India overcome its challenges Read more
Nilekani logs into LPG database for ID project
July 15, 2009 by admin · Leave a Comment
NEW DELHI: Infosys co-founder Nandan Nilekani, who has given up his corporate career for a stint with the government, arrived in the Capital on tuesday and immediately got cracking on his new job with a stopover at the oil ministry. Read more
IBM signs 10-yr outsourcing deal
July 15, 2009 by admin · Leave a Comment
BANGALORE: IBM has announced that it has signed a 10-year-information technology outsourcing agreement with Innovation Auto Risk, providers of claims management services and other related solutions to insurers and fleet management firms, to support firm’s expansion and growth plans. Read more
Security software mkt beats slump blues
July 14, 2009 by admin · Leave a Comment
Publication: Times Of India Pune; Date:2009 Jul 14; Section:Times Business; Number 16: Mumbai:
A market unaffected by the economic downturn is the one dealing with security software, which has witnessed double-digit growth in 2008 to over $13 billion. Read more
Japan Next Target for Offshoring Industry
June 11, 2009 by admin · Leave a Comment
Japan could emerge the next big destination after US and Europe, for the Indian offshoring industry. A new study by Zinnov says
Japanese firms could drive the next phase of growth for the Indian offshoring industry Read more