IT stocks stand out from the Nifty crowd The Hindu While the NSE Nifty is in a swathe of red, some of the frontline IT stocks were surprisingly trading in the green about 45 minutes before the markets were to close today. | What added further to the nervousness of the markets, apart from local factor...
UPDATE 1-Carlyle, Advent, others in hunt for HP's MphasiS stake-sources Reuters * Deal would be largest for Indian IT since iGate-Patni in 2011 | * HP's 60.5 pct stake in MphasiS valued at about $1 billion | * Preliminary bids likely to be invited by end-June-sources | By Indulal PM and Sumeet Chatterjee | MUMBAI, May 31 (Reuter...
Carlyle, Advent, others in hunt for HP's MphasiS stake: sources Sun Sentinel MUMBAI (Reuters) - Private equity giants Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T; Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard Co's $1 billion stake in India's MphasiS Ltd, several sources i...
Infosys: Search for next CEO begins The Times Of India BANGALORE: At a time when software major Infosys is under fire from investors and shareholders, the company's board has kicked off an exercise to identify the next CEO, according to sources familiar with the development. | For the first time, the boa...
NIC founder director-general Seshagiri dead Newstrack India Tweet | Bangalore, May 28 (IANS) Padma Bhushan N. Seshagiri, former special secretary to the union information technology department and Planning Commission and founder director-general of the state-run National Informatics Centre (NIC), died here af...
Cognizant pips Infosys to the post for No. 2 slot The Hindu Tata Consultancy Services (TCS), Cognizant, Infosys, Wipro and HCL grew by 13 per cent to reach $34.3 billion in 2012, continuously chipping away at market share from large multi-national service providers, according to a recent Gartner study. | R...
Indian IT firms: Cognizant overtakes Infy, is now No. 2 The Siasat Daily New Delhi, May 28: | US-headquartered firm Cognizant clocked the highest growth rate of 20.1 per cent in revenues among the top five India-based IT services providers last year, global research firm Gartner said today. | The NASDAQ-listed firm also d...
Cognizant beats Infosys to emerge second biggest IT company The Times Of India BANGALORE: The top five Indian IT companies grew 13.3% to reach $34.3 million in 2012, exceeding the IT services industry growth of 2% said IT advisory firm Gartner. The growth decelerated for both industry groups, from 21.8% and 7.7%, in 2011. | "Co...
Steeper proposed visa fees could cost employers $232 million The Washington Post New work-permit fees proposed in the Senate’s immigration bill mean companies such as Accenture, Infosys and Tata Consulting Services that depend on employees from overseas would foot the bill for stepped-up border control measures. | The measu...
iGate facing unsettled tax demands worth Rs 738 crore in India The Times Of India NEW DELHI: After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of 132.7 million dollars (about Rs 738 crore) for assessment years 2004-05 to 2009-10. | iGate, whic...
16 cos in emerging market’s top 100 software vendors list The Hindu As many as 16 Indian companies have made it to the list of top 100 software vendors in the emerging markets, commanding combined revenue of $797 million, says a PwC report. | The latest PwC global 100 software leaders report also says that in terms o...
Nasdaq settles Facebook IPO debacle with SEC The Los Angeles Times NEW YORK — Nasdaq OMX Group will pay $10 million for botching Facebook's initial public stock offering last year, a debacle that shook investors' confidence in Wall Street. | Nasdaq's penalty would be the biggest ever paid by an exchange, said the Securities and Exchange Commission, which faulted the firm's "poor systems and decision-making" ...
