Infosys said it has signed a multi-year agreement with Deutsche Bank, without disclosing the deal size. Under the terms of the agreement, Infosys will provide services like be-spoke development, application maintenance services, digital and mobility, package implementation, and testing services, to the bank. It “will also be a strategic partner under Deutsche Bank’s Supplier Partnership […]
Infosys Limited said it will announce the results for its first quarter ended June 30, 2015 on Tuesday, July 21, 2015 at 8:45 a.m. India time. Normally, the company announces its first-quarter results on or around the 10th of July, and is usually the first Indian IT company to report results. However, the company has […]
Rolta India, which has found itself in the midst of allegations of financial impropriety recently, said it has appointed Distributors in China, Russia and Germany to extend its reach in these markets. “These partners will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView™ Enterprise Suite,” it said. […]
Tata Consultancy Services Ltd has won shareholder approval for its ongoing merger with unit CMC Ltd. TCS had announced the merger late last year. A court convened meeting of shareholders of TCS was called yesterday, and over 99% of the votes cast on the subject were in favor of the merger. TCS already owned a […]
Amazon.in has started selling packaged software in India. The company’s software store has over 1500 products across security software, office tools and educational software. “The store offers products from all leading international brands such as Microsoft, Kaspersky, Norton and McAfee as well as domestic players such as Quick Heal, Tally, S.Chand, iDaa and Practice Guru,” […]
Tata Consultancy Services Ltd seems to be on track to report a disappointing full year. The company warned in an analyst meet that its revenue would be impacted by foreign exchange movements. However, such cross currency movements are unlikely to affect its profits much. At its analyst meet today, TCS stated that its final quarter […]
FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]
FITE said it would hold a protest in Delhi today at 1 pm against what it called unjust termination of staff by TCS. TCS had, in its earnings press conference yesterday, asserted that the company had a policy of ‘involuntary attrition’ of those who failed to keep up with performance requirements. It also said only […]
With more than 3,000 tech start-ups, India is the fourth largest base for young businesses in the world and it is expected that by 2020 the base will increase to 11,500 tech start-ups, Nasscom said in its “Tech Start-up in India: A Bright Future” study today. The report, created in association with research firm Zinnov, […]
Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation aimed at limiting the number of employees and increasing the use of automation. Is the golden age of Indian Information Technology over? More […]
The millions of engineers who pass out from Indian colleges every year looking for IT jobs will have to either learn specialised skills, or look for other sectors, a new report said. The report said recruitment by IT companies in India will halve over the next four years. “Incremental recruitment by the information technology (IT) […]
Cyient Ltd, formerly known as Infotech Enterprises, said has agreed to a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations, the Mumbai-based company said. Invati will strengthen Cyient’s data analytics capabilities and offerings […]
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 […]
The share of Indian companies in the global software product market can rise from about 0.5% at present to 18% by 2020, a new report by KPMG and Nasscom said. Indian IT companies need to adapt their business models to incorporate more and more revenue from products, platforms and other intellectual property, KPMG said, adding […]
