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BSNL unveils 'Bharat Phone'

Jun-10-2014 | 0 Comments

BSNL unveils 'Bharat Phone' le to common man.

"The low-cost mobile device will alter the Indian feature phone industry as it has been designed especially for e-governance applications and optimised for internet access to empower common man," BSNL chairman RK Upadhyay said on the occasion.

Designed and devel... Read Full Story »

Azim Premji transfers Rs 12,300 crore to his not-for-profit foundation

Feb-23-2013 | 0 Comments

Azim Premji transfers Rs 12,300 crore to his not-for-profit foundation BANGALORE: Azim Premji, chairman of the Azim Premji Foundation, announced on Friday that he has transferred 295.5 million equity shares representing 12% of the total shares of Wipro Ltd, held by certain entities controlled by him, to an irrevocable trust. With this transfer (valued at about Rs 12,300 crore ba... Read Full Story »

BPO company Spanco defaults on employees' salaries

Feb-21-2013 | 0 Comments

BPO company Spanco defaults on employees' salaries BANGALORE: Project delays and an inability to raise money from banks have pushed Mumbai-based software and BPO company Spanco into a situation where it has not paid a majority of its 15,000 staff for at least four months, people familiar with the matter said. Insufficient working capital has led to projects d... Read Full Story »

Wipro Infotech denies job cut reports

Feb-21-2013 | 0 Comments

Wipro Infotech denies job cut reports BANGALORE: Wipro is said to be contemplating laying off several hundred people in Wipro Infotech's business solutions division. This is because their work overlaps with those in a similar practice area in Wipro Technologies, three people familiar with the development said.

The layoffs are expec... Read Full Story »

How Reader's Digest bankruptcy may 'hurt' HCL Tech

Feb-20-2013 | 0 Comments

How Reader's Digest bankruptcy may 'hurt' HCL Tech BANGALORE: HCL Technologies, the country's fourth-largest software services exporter, may taste the dangers embedded in new technology outsourcing models as its client Reader's Digest enters bankruptcy proceedings in the US, burdened with debt in excess of $1 billion (Rs5,400 crore). Clients stumbling into fi... Read Full Story »

BPOs eyeing effectiveness to drive growth

Feb-18-2013 | 0 Comments

BPOs eyeing effectiveness to drive growth BANGALORE: With India's BPOs remodeling themselves to move from efficiency (low costs) to effectiveness (taking on more strategic work and delivering them from locations most suited to such work), the sector is beginning to outpace the software services business.

In the coming fiscal, the sect... Read Full Story »

Indian IT companies like Infosys, Wipro, TCS, HCL to go on shopping spree in Europe

Feb-18-2013 | 0 Comments

Indian IT companies like Infosys, Wipro, TCS, HCL to go on shopping spree in Europe BANGALORE: As corporations in Europe's two largest economies shed inhibitions about offshoring and aggressively try to trim expenses, Indian outsourcers are scrambling to build a local front and be in the reckoning. Companies such as Infosys, Wipro, Tata Consultancy Services and HCL Technologies, for whom suc... Read Full Story »

How rising rupee may impact Indian IT companies' profit margins

Feb-05-2013 | 0 Comments

How rising rupee may impact Indian IT companies' profit margins BANGALORE: As they clamber out of a near two-year slump, India's software services exporters may lose the crutch of a weak rupee, which is strengthening against the US dollar on the back of recent central intervention on lending rates and the new-found policy momentum in the country.

Rupee, wh... Read Full Story »

Indian IT's business model has changed: Nasscom president

Feb-05-2013 | 0 Comments

Indian IT's business model has changed: Nasscom president BANGALORE: IT industry body Nasscom's president Som Mittal on Monday said that many things had changed in the IT industry and every player in the industry was moving increasingly to IP ( intellectual property)-based delivery. He said non-linearity was becoming intrinsic to business models in the IT industry, ... Read Full Story »

30 software companies break away from Nasscom

Feb-04-2013 | 0 Comments

30 software companies break away from Nasscom BANGALORE: Thirty Indian software product companies have come together to form a new association, marking the first break from the omnibus IT industry body Nasscom and reflecting the growing confidence and maturity of the software product community. The thirty founding members, led by Bharat Goenka, co-founde... Read Full Story »

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