The Infosys Board of Directors announced the selection of Dr. Vishal Sikka of SAP as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO & […]
Indian business intelligence software revenue is forecast to reach US$139 million in 2014, up 15 percent from 2013, according to Gartner, Inc. This forecast includes revenue for BI platforms, analytic applications and corporate performance management (CPM) software. BI refers to the use of new, advanced analytical technologies to get customer and sales insights and utilizing […]
Dell zoomed to the top of India’s PC market in the first quarter of 2014 as enterprise orders, particularly government procurement, dried up and consumer market became dominant. The overall PC market fell 21% year on year, but notebook sales jumped 43%. Dell grew by 44 percent, particularly in consumer segment. HP and Acer saw […]
Wipro said it will deliver managed mobility services as part of SAP mobile solutions. Wipro’s cloud-based, managed mobility services offering for SAP mobile solutions will span SAP solutions including the SAP Mobile Platform, the SAP Work Manager mobile app and the SAP Mobile Secure solution for mobile device and application management. Wipro already has a […]
Wipro Ltd, India’s fourth largest IT exporter, will help DEN Networks, one of India’s top four cable operators, offer a variety of IT-enabled customer solutions. The tie-up comes in the wake of increasing digitization in which big cable feed providers like DEN are coming into direct contact with customers for billing, channel provisioning and customer […]
Infosys Ltd said it has not made up its mind about its next CEO, and media speculation about the next leader being from outside the company was just that. “The company’s search for its new Chief Executive Officer and Managing Director continues and no decision has been taken in this regard as of date. Any […]
A slew of cheap octacore phones have hit the Indian market over the last one month, starting with the iBerry Auxus Nuclea X, Gionee Elife S 5.5, Intex Aqua Octa and ending with the launch of the Panasonic P81, Wickedleak Wammy Neo, Alcatel One touch IDOL X+ and the Karbonn Titanium Octane Plus in the last […]
Flipkart, India’s largest e-commerce platform, said it has raised $210 million (Rs 1,250 crore) from a consortium of investors led by DST Global – one of the leading global investment groups focused on Internet. Existing investors Tiger Global, Naspers, and Iconiq Capital also participated in the financing round, it said. The fund raising comes days […]
Virat Kohli, captain of the Royal Challengers Bangalore and the most popular IPL player on Twitter with more than 3.15 million followers, secured his position at the top for a second week running in the most talked about IPL players,according to a compilation released by a public relations agency. Yuvraj Singh came rushing back into […]
Stocks of Indian IT service providers like Tata Consultancy Services, Infosys Ltd, HCL Technologies etc. are near their historic lows in terms of valuation and do not have much more scope for further correction, Edelweiss Financial Services said. “IT stocks have corrected sharply in the past couple of months led by INR appreciation and portfolio […]
UST Global, an information technology solutions and services company for Global 1000 enterprises, said it had acquired Kanchi Technologies, a Milwaukee based award winning engineering solutions company. This acquisition will grow UST Global’s engineering services. Kanchi Technologies has operations in the US, Germany and India, it said. Kanchi Technologies provides end to end product development […]
Tata Consultancy Services Ltd may hire more off-campus freshers this year than previously as it has offered only 25,000 appointment letters as part of its campus recruitment program for this year. The company, which crossed the 3-lakh employee base last quarter, plans to hire about 55,000 people this year, and said it has given letters […]
Wipro Limited reported IT services revenue of $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%. IT Services revenues in rupee terms was 106.2 billion ($1.8 billion1), an increase of 24% YoY. The numbers are better than those of Tata Consultancy Services and Infosys. TCS had reported growth of 1.9% and Infosys […]
TCS’ fourth quarter results look decent on the fact – revenue grew 1.9% in dollar terms compared to the preceding quarter, and profit was up 2.5%. The company blamed poor India performance in its press conference. However, there is more to it that just poor India numbers. First, after a seasonally weak quarter in the […]
Infosys Ltd reported profit and forecast well above analysts expectations, boosted by cost cutting measures. It reported a net profit of Rs 2,992 cr, compared to the 2,800 cr the street was expecting. Forecast for dollar revenue growth for the current financial year came at 7-9%, above the 7% that the Street was expecting. Infosys […]
Tomorrow is the much awaited Infosys quarterly earnings results – an event that would set the agenda for IT stocks for the coming days or weeks. So what should you expect from the results? First off, Infosys is unlikely to report the 1.5-2% growth in dollar revenues that it has managed for the last two […]
Infosys Ltd confirmed its CEO SD Shibulal will retire on or before Jan 9, 2015, and that the company has appointed firms to find his successor. “Mr. Shibulal has expressed his desire to retire as the CEO and MD of the company and as a member of the Board of Directors either on the date […]
India software market expanded 10 percent to $4.765 billion in 2013, a increase from 2012 revenue of $4.334 billion, according to Gartner, Inc. The growth rate is twice the global growth rate of 4.8%, and is high despite the sharp fall in the value of the rupee against the dollar. Oracle, which makes enterprise software […]
If elections were to be held on popular news websites like Firstpost.com, ZeeNews, Hindustan Times etc, the Bharatiya Janata Party would have a clean sweep – going by its total domination of the online comment space. According to an analysis of the top commenters on four of India’s top news websites, 61.4% of the top […]
India has fallen behind China in Internet usage in the last few years as the Chinese government invested aggressively in promoting Internet in the country, while India did not, a report by a prominent international brokerage said. It said India, at the end of last year, was where China was in the year 2007. “The […]
