India’s offshoring faces a new competitor
In economics, the law of comparative advantage stands tall. It refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another party.
Latest buzz in the Indian IT sector
It was a mixed week for the Indian IT industry. While the results of Bangalore-based Infosys, which is always the first IT company to declare earnings, reflected the acute pressure that software companies are facing because of a tumbling euro and rising wages, TCS seems to have coped better.
Key e-Governance projects to have Rs 40,000-cr outlay
The government today pegged the total outlay for all 27 Mission Mode Projects (MMPs) under the National e-Governance Plan (NeGP) at around Rs 40,000 crore.
MindTree consortium leads race to bag UID biometric contract
A consortium led by Bangalore's MindTree Ltd and US-based Accenture has emerged the frontrunner to win a contract from the Unique ID Authority of India to perform biometric verification duties of more than a billion Indians, scoring a stunning upset over a handful of tech powerhouses, including Tata Consultancy Services.
TCS net profit rises 24 % at Rs. 1,906 crore in first quarter
Tata Consultancy Services (TCS) on Thursday reported a 24.3 per cent higher net profit at Rs.1,906 crore for the first quarter of 2010-11 against Rs.1,534 crore in the same quarter in the previous year.
Europe woes could hit recovery of Indian tech firms
India's leading information technology exporters should report robust quarterly sales, thanks to improving demand from their mainstay financial clients, but Europe's debt crisis and rising salaries could cap their outlook.
India’s TCS CEO: chasing 15 large outsourcing deals
Tata Consultancy Services Ltd is seeing strong demand for outsourcing services
Retention high priority issue for IT sector
Retention is a major priority area for the IT industry and the sector would to have look at various ways to address it, according to S Gopalakrishnan, the CEO and MD of software major Infosys Technologies.
Nasscom to help in incorporating rupee symbol in OS
The government today said apex body of software industry, Nasscom, will approach software firms to incorporate the newly adopted rupee symbol in their operating systems.