| Dell India sales up 17% |
21-NOV-09 |
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Even healthy growth in vibrant markets like India and China could not help global personal computer manufacturer Dell’s net profit from slipping 54 per cent to $337 million, from $727 million in the same quarter last year. |
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| Patni may host all IT services on 'cloud' |
21-NOV-09 |
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Notwithstanding the speculation that continues over the stake sale of the Patni brothers (who hold 48.3 per cent) and General Atlantic (which holds 18 per cent), Patni Computer Systems says it hopes to become the first company in the country to host all its information technology services on the cloud (a metaphor for the internet). |
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| BeyondBasiks to raise Rs 100cr VC fund |
20-NOV-09 |
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BeyondBasiks Infotech Private Limited, a Hyderabad-based company that provides IT solutions that enables cinema theatres to sell tickets online, is planning to raise a Rs 100-crore venture capital (VC) fund to fuel part of its Rs 400-crore expansion. |
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| TCS engg services business sees growth, begins hiring |
19-NOV-09 |
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Tata Consultancy Services, India’s largest information technology services provider, is witnessing positive movement in its engineering and industrial services (EIS), which was impacted by the economic slowdown. |
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| Globsyn looks for firms with BFSI experience |
18-NOV-09 |
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Globsyn Infotech Ltd (formerly Synergy Log-In Systems Ltd), a comprehensive payment solutions company, is looking to acquire IT/ITeS companies catering to the BFSI (banking, financial services and insurance) space in India or abroad, according to market sources. |
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| Satyam gets refund notices from 37 firms |
18-NOV-09 |
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Satyam Computer Services (rebranded Mahindra Satyam) has received legal notices from 37 companies claiming a refund of $265 million (approximately Rs 1,230 crore), allegedly given as temporary advance. |
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| Unisys to devise strategies for India's UID project |
18-NOV-09 |
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Unisys, the over $5 billion information technology outsourcing and systems integration global player, has set up a team in India to develop solutions for the country’s Unique Identity (UID) project. |
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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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| India's enterprise software market set to grow by 12% |
17-NOV-09 |
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Asia Pacific’s enterprise software market revenue is forecast to reach $22.1 billion in 2010, posting a 10.2 per cent growth, according to Gartner, Inc an information technology research and advisory company. |
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