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Sunday, Nov 22, 2009
 
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Software fastest growing sector in 2009: Deloitte22-NOV-09
Software companies continued to constitute the fastest growing firms in the Deloitte Technology Fast 50 India 2009 programme. This year, the composition of software companies amounted to as much as 80 per cent.
Wipro expects US IT spend to rise by 2-3%21-NOV-09
Wipro, India’s third largest IT services provider, is seeing an improvement in the prospects for the IT sector.
IT ind revival by 2010; APAc to fuel growth: Gartner17-NOV-09
The information technology industry is ending its worst year ever with the worldwide IT spending expected to decline 5.2 per cent in 2009, IT research and advisory firm Gartner said.
Mahindra Satyam to explore New Zealand market with Gen-i17-NOV-09
“We have been providing Windows 7 migration services to our internal customers across all the geographies. This strategic alliance with the local partner Gen-i will allow us to explore opportunities in the New Zealand market more efficiently,” a Satyam spokesperson told Business Standard.
Indian IT firms shrug aside EU tax concern17-NOV-09
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.
Domestic BPO mkt to touch $6.82 bn by 2013: IDC13-NOV-09
After establishing itself as a major player in the international business process outsourcing (BPO) market, India is now set to shift focus on the domestic market, which is projected to grow at over 30 per cent annually.
India Eco Summit: 'IT will post double-digit growth next yr'10-NOV-09
IT industry body Nasscom today said the sector will regain double-digit growth from April next year leaving behind the prolonged recession.
India Eco Summit: Infosys BPO to hire 2,000 by FY10-end09-NOV-09
Infosys BPO, the back-office unit of IT firm Infosys Technologies, today said it would hire 1,500-2,000 people by the end of the current fiscal.
Merger norms of CCI Act would benefit industry: Khurshid06-NOV-09
The government today expressed its commitment to make it mandatory for companies to seek anti-monopoly watchdog Competition Commission of India's (CCI) approval for mergers and acquisitions (M&A), saying the move would benefit India Inc.
Microsoft launches online services in India06-NOV-09
Software giant Microsoft today announced the commercial availability of its online services in India at prices starting from $2 (Rs 95) per user per month which will allow small and medium enterprises (SMEs) and enterprise customers to access Microsoft’s e-mail, collaboration, conferencing and productivity capabilities online.
Patni Computer promoters to take call on stake sale by January06-NOV-09
Reviving plans to offload part of their holdings in Patni Computer Systems, promoters are studying offers from various companies, according to market sources. A clear decision on bids from various contenders for the promoter holdings, added the sources, was expected by January. The three Patni brothers, non-executive chairman Narendra Patni and his younger brothers, Gajendra and Ashok, hold equal stakes totalling 48.3 per cent in India’s sixth-largest software exporter.
KPIT Cummins buys Sparta for Rs 180 cr31-OCT-09
Despite lower revenue projections this financial year, Pune-based manufacturing solutions provider KPIT Cummins Infosystems has entered into a definitive merger agreement to acquire US-based SAP specialist Sparta Consultant for Rs 180 crore.
IT firms heave a sigh of relief as US recovers31-OCT-09
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.
Aditi sharpens focus on services; to double headcount30-OCT-09
Aditi Technologies, an outsourced product and application development firm, is increasing its focus on intellectual property (IP)-led domain services for which it plans to double its headcount to over 2,000 people over the next 18 months. The company hopes this move will help it cross the $120 million mark in revenues during the same period.
Online sports retailer to dilute 25% equity28-OCT-09
Playground Sports Pvt Ltd is looking at diluting upto 25 per cent equity in the Internet sports start-up to a strategic investor to fund its expansion plans and launch operations in new areas.
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