Infosys Ltd Chief Executive Officer S.D. Shibulal says the worst may be over for India's second-biggest software-services provider, which slumped 17% in March and April 2013. Investors remain to be convinced. Facebook Twitter Linkedin Email
 
The home ministry will shortly unveil comprehensive guidelines to screen imported electronics, IT and telecom gear deemed "security sensitive" in its bid to secure India's core information infrastructure. It has identified eight categories of electronics - including, cameras, ra-dars, routers, base stations, devices used for data storage/transmission, general computers and biometric/access control devices - that will be subject to a stringent security drill if procured from overseas markets. Facebook Twitter Linkedin Email
 
Amazon Appstore has now been updated to version 5.0, to bring support for over 200 countries from around the world including Australia, Brazil, Canada, Mexico, India, South Africa, South Korea, and even Papua New Guinea, Vatican City and other countries. Facebook Twitter Linkedin Email
 
India's cabinet will examine a proposal for a special investment region in the southern state of Karnataka for information technology. The proposed hub in Bangalore is expected to attract investments of 1.06 trillion rupees ($19 billion) from high-tech companies, IT services firms and electronic hardware manufacturers by 2032. Facebook Twitter Linkedin Email
 
Automation and advanced robotics are among a dozen emerging technologies that will transform global businesses by 2023. The new disruptive technologies and their applications, which include mobile Internet and cloud computing, could have an economic impact of $14-$33 trillion in 2025, McKinsey Global Institute (MGI), the research arm of McKinsey, said in a report. Facebook Twitter Linkedin Email
 
Phaneesh Murthy's biggest claim to fame in iGate was his aggressive bid for the much bigger Patni Computer and its eventual acquisition for $1.2 billion. iGate had to take a $700 million debt to make the acquisition, and most of that still remains on the company's books, even as the company's growth has remained extremely tepid since the acquisition. Facebook Twitter Linkedin Email
 
Google India has reduced the prices of its online business applications for small and medium businesses (SMBs), even as it looks to stem growing competition from players such as Zoho Corp, potentially sparking a price war between Google, Salesforce and other players. Facebook Twitter Linkedin Email
 
A new report, 'Software Testing Market in India', states that India has become one of the major destinations for outsourcing software testing services owing to the availability of cost effective talent pool. Increasing number of software development companies are outsourcing their software testing work to India owing to a rise in demand for software testing services. Facebook Twitter Linkedin Email
 
U.S. Deputy Assistant Secretary of State Alyssa Ayres said the Information and Communication Technology (ICT) industry in India was much "more women-friendly" than other sectors. Besides flexi hours, new communication technology tools and the options to work from home, if needed, would help address concerns women employees face during their employment. Facebook Twitter Linkedin Email
 
While many were still coming to terms with news of iGate sacking its chief Phaneesh Murthy, company officials were busy asking employees to cocoon themselves from the outside world, especially the media, in a bid to limit the damage. iGate employees in India received an email from the company's communication team, explaining the situation and telling them not to discuss it on social media, or talk to journalists. Facebook Twitter Linkedin Email
 
Analysts at most brokerage firms expect Tech Mahindra to scale Rs 1100 levels in the next 12 months, (by end May 2014) as valuation looks attractive and positive verdict on Satyam integration could push forward an argument for re-rating. Tech Mahindra reported a 25 percent increase in its consolidated net profit at Rs 377.24 crore for the quarter ended March 31, 2013. Facebook Twitter Linkedin Email
 

General Atlantic may look to exit Hexaware: Sources (June 11)

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June 11, source: moneycontrol.com

 

HCL Tech front-runner to bag Disney contract: Sources (June 11)

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June 11, source: moneycontrol.com

 
 
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