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| Indian IT firms shrug aside EU tax concern | 17-NOV-09 |
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| Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed. |
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| IT firms heave a sigh of relief as US recovers | 31-OCT-09 |
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| With the US economy showing a positive annual growth rate of 3.3 per cent, the Indian IT industry — which gets over 50 per cent of its revenue from the US — is heaving a sigh of relief. |
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| Worst may be over for major Indian IT firms | 28-OCT-09 |
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| Notwithstanding the growing concern over an appreciating Indian rupee against the US dollar which could eat into their operating (Ebitda) margins, major Indian IT services providers believe the worst is behind the sector. |
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| Govt orders audits of IT firms for possible STPI Act violations | 19-OCT-09 |
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| The principle suspicion is that several companies have claimed tax breaks on software exports without actual service delivery, prompting the Ministry of Corporate Affairs (MCA) under Salman Khurshid to take action to prevent Satyam-like frauds from recurring. |
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| Anil Ambani hits at rivals; says special auditor biased | 15-OCT-09 |
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| Dubbing as "biased" the special audit report alleging overstatement of revenues and evasion of licence fee by Reliance Communications (RCom), its Chairman Anil Ambani today said corporate rivals were behind the "vicious campaign" against his group company. |
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| Accounting for Satyam | 08-OCT-09 |
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| Nine months have passed since the country’s largest financial scandal hit Satyam Computers, after its promoter Ramalinga Raju confessed to a fraud that its auditors had failed to detect. The government acted swiftly. In about 100 days, a new, government-appointed board facilitated Satyam’s acquisition by the Mumbai-headquartered Tech Mahindra through a bidding process, and thus saved Satyam from collapse. Such speed of action was missing elsewhere. |
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| IT firms likely to post better results for July-Sept quarter | 06-OCT-09 |
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| With green shoots emerging in the global economy, and top Indian information technology (IT) companies like Tata Consultancy Services (TCS), Infosys Technologies, Wipro and HCL Technologies bagging large deals over the last three months, analysts expect the Q2 (July-September 2009) results to be better than the last few quarters. |
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| IT firms pull out all stops on staff training | 25-SEP-09 |
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| Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. However, most of them see continuing value when it comes to employee training, even though it skims crores of rupees off their top-lines. |
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| Low morale prompts top 4 IT firms to skip employer survey | 15-SEP-09 |
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| Sensing that falling employee morale as a result of layoffs and salary cuts could mar a fair assessment of their HR policies, the top four Indian IT firms — Tata Consultancy Services, Infosys Technologies, Wipro and HCL Technologies — declined to participate in the annual Dataquest-IDC Best Employers Survey for the first time in eight years. |
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Content Guide
