IT News
TCS to start a joint research lab in Singapore
Source:MintTata Consultancy Services Ltd (TCS) plans to spend S$6 million to start a research facility at the Singapore Management University (SMU) for developing information technology frameworks for the so-called intelligent city (iCity) model of urban development. The TCS-SMU iCity Lab will be located at SMU’s school of information systems and draw on faculty members from this and other SMU schools. TCS’s investment will include scholarship funds for SMU postgraduate students in information systems technology and management, and research funds for the SMU faculty...
moreNo 2008 this time, India Inc is prepared
Source:Business StandardHeads of companies across sectors are sanguine that unlike 2008, they are "better prepared" to withstand the impact of the troubled US and European markets. That includes those from the information technology, pharmaceutical and infrastructure industries, more likely to be singed due to their higher exposure to these markets. apital markets across the world reacted negatively today, following Friday’s downgrade of the US sovereign rating. Analysts say these developments have heightened the risk perception and uncertainties in a global economy...
moreTop 200 IT cos in India generated $84bn in FY'11 PTI Aug 2, 2011, 01.31pm
Source:Times of IndiaThe top 200 IT companies in India logged a combined revenue of $84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11, the highest in the past four years, according to a survey. The revenues of these companies stood at Rs 307,126 crore in 2009-10 and Rs 289,093 crore in 2008-09. The combined revenue of the top 20 IT companies was $54 billion (Rs 247,808 crore) in 2010-11, also representing a growth of 25 per cent. This is significantly higher than the 8 per cent growth recorded in 2009-10 on the back of revenues of Rs 198,017 crore...
moreEmerging markets surge
Source:Business StandardThe slowdown of 2008-09 has transformed markets the world over. While developed markets are experiencing sluggish recovery, activity is quickening among the emerging economies. Companies from emerging markets have been highly competitive and gained shares in both domestic and overseas markets in a number of industries. Meanwhile, developed-market companies have regrouped and are striving to win back lost ground. The winners will be those who can position themselves at the forefront of the change...
moreIndia to be $5.6 trillion economy by 2020: Dun & Bradstreet
Source:Economic TimesIndia will become a $5.6 trillion economy by 2020, according to research firm Dun & Bradstreet, which has predicted a three-fold jump in the country's GDP from $1.7 trillion last fiscal on the back of rapid investment and growing consumer expenditure. "Indian economy will become a $5.6 trillion economy by fiscal 2020, at current market price, from the $1.73 trillion in fiscal 2010-11," Dun & Bradstreet India Senior Economist Arun Singh said...
moreIBM India does its bit for the Ganga
Source:Business StandardGiven the tonnes of sewage and filth that have accumulated in the Ganga over the years, this may seem to be a drop in the ocean. Nevertheless, technology major IBM India is working with IIT-Kharagpur to develop data models that can help predict floods, the movement of water tables, the shifting of water beds, floods and droughts—factors which affect the health of people and crops, and safety along the river Ganga...
moreInfosys 3.0 is a strategic plan for future growth: SD Shibulal, CEO, Infosys
Source:Economic TimesIn an interview with ET Now, SD Shibulal, CEO, Infosys, talks about Mr Murthy and the various issues being faced by the company in the changing environment. Excerpts: How does it feel to be saying goodbye to Mr. Murthy? We just chatted with him a while back. Do you expect some changes in the company's attitude now? It has been very emotional to say bye to Mr Murthy in his role as a Chairman. He is going to be there as Chairman-Emeritus. Mr Murthy has always been a role model for all of us. He has always led by example and taught others to do the same...
moreFDI inflow to rise sharply in FY12: CMIE
Source:Hindustan TimesThe net foreign direct investment (FDI) inflow in India is expected to improve sharply to $19.5 billion during FY 12 as compared to $7.1 billion in FY 11 on account of robust and sustainable economy, the Centre for Monitoring Indian Economy (CMIE) said in its monthly review. As per the review, FDI inflows during the first two months of FY 12 were much higher at $7.4 billion compared to $3.6 billion during the corresponding period of FY 11...
moreTCS leads race to acquire Lufthansa's IT subsidiary; IBM also in the fray
Source:Economic TimesBANGALORE: India's largest IT services firm Tata Consultancy Services is leading the race to acquire the IT subsidiary of the German airline Lufthansa. Lufthansa Systems is looking to divest 51% stake. IBM is also in the fray, a German magazine stated in its report on August 18. Lufthansa Systems, which counts players like British Airways among its customers , provides IT solutions for customers ranging from the aviation sector to media and healthcare. A majority of its customers though are from the aviation industry...
moreAmidst economic slowdown IT services cos TCS and Cognizant race ahead while Infosys and Wipro occupy slow track
Source:Economic TimesNearly halfway into the 2011-12 financial year, as India's IT services companies take stock of their position coming out the global economic slowdown, a clear separation between the leaders and the laggards is becoming apparent. If they can be imagined on an expressway, then they will be seen riding on two different lanes, signifying the two-speed growth which will characterise them in the months ahead. Racing ahead on the fast lane are Tata Consultancy Services and Cognizant. Occupying the slow track are Infosys and Wipro...
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