IT [2012-05-17]
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Nasscom invites Australian companies for ventures in India
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MELBOURNE: IT industry body Nasscom has invited Australian companies to look for ventures and exploring market opportunities in India.
"There is a potential for partnership and pool of capitals is already available in India for investment for such ventures," NASSCOM Chairman Som Mittal was quoted as saying.
Som Mittal, who will be visiting Sydney next week over CeBIT Tech trade fair 2012 along with representation of over 70 Indian companies, suggested that the best strategy for Australian firms looking for a presence in India was to come with an attitude of creating new markets.
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IT [2012-05-17]
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After Cognizant, Mahindra Satyam to fund employee ideas
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HYDERABAD: When outsourcing services provider Cognizant Technology Solutions launched Cognizant Capital in 2008 to encourage entrepreneurial spirit among employees, they may not have expected rivals to follow suit.
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IT [2012-05-17]
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NetApp increases investment in SAP
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NEW DELHI: NetApp, a storage and data management solution, has today announced an increase in investment in SAP Co-Innovation Labs Networks. This investment will also provide support to the New SAP HANA Center of Excellence Switzerland in Zurich.
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IT [2012-05-17]
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Patni Computer shares to delist from NSE on May 21
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MUMBAI: Shares of IT firm Patni Computer Systems will stop trading on the National Stock Exchange (NSE) from May 21, pursuant to a voluntary delisting by the company.
The decision for these changes were announced by the India Index Services & Products Ltd, a joint venture of NSE and Crisil, which manages the various indices at the exchange.
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IT [2012-05-10]
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HCL Infosystems partners Cisco for WebEx solutions
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NEW DELHI: IT hardware and services company HCL Infosystems said it has partnered with networking giant Cisco to offer the latter's web and video conferencing platform to enterprise customers in the country.
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IT [2012-05-10]
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Government to set up fund to promote R&D in IT sector
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NEW DELHI: The government is planning to set up an electronic development fund to promote innovation and commercialisation of products in the IT sector.
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IT [2012-05-10]
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Infosys to train British youth in software skills
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BANGALORE: Global consulting and technology major Infosys will develop software skills in Britain to qualify about 100 youth for suitable jobs, the IT bellwether said on Wednesday.
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IT [2012-05-10]
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What makes TCS & Cognizant Technology Solutions with contrasting business models outperform
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MUMBAI: Two of the top five Indian IT service providers are differentiating themselves from the rest, as they continue to outperform their peers. Tata Consultancy Services (TCS), the country's oldest and largest IT firm, grew 24% to $10 billion, despite its size.
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IT [2012-05-02]
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Wipro set to announce analytics buy
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The country's third largest software exporter, Wipro, is expected to announce an acquisition in the analytics space later today, said sources with knowledge of the transaction. Analytics is tipped to be one of the fastest growing segments in IT with the large amount of data being generated from social media and other platforms.
Analytics could potentially help companies take more insightful decisions and generate more bang for the buck. Last December, General Atlantic, one of the first private equity firms to catch on to the offshore boom, invested in MuSigma, a seven-year-old analytics firm.
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IT [2012-05-02]
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TCS becomes country's second most valued company
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For the second time within a week, Tata Group software services company TCS became the country's second most-valued firm with a market capitalisation of Rs 2.43 lakh crore, surpassing oil and gas major ONGC.
At the end of today's trade, Tata Consultancy Services (TCS) commanded a market value of Rs 2.43 lakh crore -- the second highest for any listed company in India. This is nearly Rs 13,000 crore more than state-run ONGC's market value of around Rs 2.30 lakh crore.
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