| State zeroes in on land for IT | 12-NOV-09 |
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| The Karnataka government claims it has identified about 10,000 acres around the Bangalore international airport for setting up an Information Technology Investment Region (ITIR). The project will be developed as public-private partnership project with an estimated investment of Rs 100,000 crore, state IT & BT minister Katta Subramanya Naidu told reporters here after inaugurating the 12th edition of the country’s flagship ICT event BangaloreIT.biz. |
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| IT breathes again | 22-OCT-09 |
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| The bad times for India’s export oriented software leaders appear to have troughed out, going by the second quarter results of market leaders TCS and Infosys, and also the sentiments expressed by their chief executives. According to the sequential quarter-on-quarter figures which help identify inflection points, TCS’s consolidated topline growth rate has risen very marginally after falling over two consecutive quarters. |
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| Obama's healthcare plan to benefit Indian IT players | 16-OCT-09 |
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| Indian top-tier information technology services companies, who were banking on the recession-proof healthcare sector to tide over uncertainty, are now seeing multi-billion dollar opportunities from the healthcare space in the US, especially the Obama administration’s proposed American Recovery and Reinvestment Plan. |
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| Infosys suggests better times ahead; Q2 net up 7.5% YoY | 10-OCT-09 |
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| Setting a positive tone for the IT sector's quarterly earnings performance, Infosys Technologies, India's second-largest IT services provider, marginally beat market expectations to post a 7.5 per cent increase in consolidated (Indian GAAP) net profit to touch Rs 1,540 crore for the second quarter ended September 30, 2009 against the corresponding period of the last financial year. Its top-line grew 3 per cent to touch Rs 5,585 crore. |
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| 'Clients are confident, though IT spends will stay flat' | 10-OCT-09 |
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| Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand. The company also said both its offshore and overseas employees would get a wage hike, effective October 1. S Gopalakrishnan, chief executive officer and MD of the company, while speaking to Bibhu Ranjan Mishra and Ravi Menon, elaborated on how the changing demand landscape could improve the company’s fortunes. |
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| Infy ups hiring target for 2010; to add 2,000 | 10-OCT-09 |
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| India’s second-largest information technology services provider, Infosys Technologies, has raised its hiring target for financial year 2009-10 by 2,000 — from 18,000 to 20,000 people — to cope with the increase in offshore (that is, on Indian shores) work. |
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| Infosys Tech to invest in building | 09-OCT-09 |
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| Infosys Technologies today said it would continue to invest in building up of sales and management team in view of its expansion. |
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| Infosys to up delivery capabilities in LatAm | 18-SEP-09 |
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| Infosys Technologies, the second largest software company in the country, is opening a delivery centre in Brazil as part of its policy to focus on emerging geographies, including Latin America. The centre will initially have 50-100 people, mostly those hired locally, and will be operational “any time now,” S Gopalakrishnan, CEO of the Bangalore-headquartered company told Business Standard. |
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| Infosys to up delivery capabilities in LatAm | 17-SEP-09 |
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| Infosys Technologies, the second largest software company in the country, is opening a delivery centre in Brazil as part of its policy to focus on emerging geographies, including Latin America. The centre will initially have 50-100 people, mostly those hired locally and will be operational 'any time now,” S Gopalakrishnan, CEO of the Bangalore-headquartered company told Business Standard. |
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| Infy says business is looking good | 15-SEP-09 |
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| Infosys Technologies today said it is seeing signs of global recovery and that the company's business has started looking good. |
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| IT/ITeS firms operating income up 15% | 25-AUG-09 |
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| formation technology and IT-enabled services (ITeS) companies in the southern region reported a 15 per cent increase in operating income at about Rs 60,000 crore in 2008-09, as compared with the previous year, according to Confederation of Indian Industry (CII) - southern region quarterly industry and economic update for IT and ITeS industry. |
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| IT/ITeS firms operating income grows 15% | 20-AUG-09 |
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| The information technology (IT) and IT-enabled Services (ITeS) companies, based in the South reported an operating income of about Rs 60,000 crore in 2008-09, an increase of 15 per cent over last year, according to the Confederation of Indian Industry (CII) - Southern Region Quarterly Industry and Economic Update for IT and ITeS Industry. |
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