Hit by currency volatility, wage hike, investment in marketing.

Wipro net rises 10%, falls short of expectations

Business Standard

Despite not meeting market expectations in its second-quarter financial performance, Wipro, the Bangalore-based information technology services company, is optimistic. Having posted 6.6 per cent volume growth despite a sequential decline in net profit, it says its focus has been on the medium and long term. Suresh Vaswani and Girish Paranjpe, joint CEOs of the company's IT services business, speak to Bibhu Ranjan Mishra on the strategy.

Q&A: Suresh Vaswani & Girish Paranjpe, Joint CEOs, Wipro

Tata Consultancy Services (TCS), the country&rsquo;s largest information technology services company, will hire 50 per cent more students from campuses for 2011-12. For this financial year, TCS had offered jobs to 20,000 students across campuses. TCS will start visiting campuses from November.

TCS to hire 50% more students for 2011-12

Four year old privately owned software company Optra Systems working in the digital life sciences and health care solution and services space is set to launch Patient&rsquo;s Stick-- a portable USB drive having a capacity to store up to 60 years of medical records.

Optra to launch patient&#39;s stick

Persistent Systems, outsourced software product development services firm, reported a 3.8 per cent rise in its net profit at Rs 35.83 crore for the second quarter ended 30 September, 2010 as compared to Rs 34.52 crore in the same period last year. &quot;Revenues were up by 3.3 per cent at Rs 187 crore as against to Rs 181.10 crore last fiscal,&quot; the company said in a filing a filing to the Bombay Stock Exchange (BSE).

Persistent's net up 3.8%

The denial of start-up 2G spectrum for the lucrative Delhi circle has upset NTT DoCoMo, the Japanese firm partnering the Tata Group in telecom venture Tata DoCoMo, which has called for the government to ensure fairness on policy issues.

NTT DoCoMo raises concerns over spectrum allotment policies

Press Trust of India

This is the third postponement in less than a year. Mobile number portability was first expected to kick off on December 31, 2009 in the metros and category-A circles, and on April 1, 2010 in the rest of the country.

Number portability put off once again

With double-digit revenue growth returning to the $60 billion Indian IT-ITeS sector, top IT players, including Tata Consultancy Services (TCS) and Infosys, are stepping up their hiring plans for the next few quarters to meet the reviving demand in the US and European markets.

IT cos step up hiring plans after demand revival

IT major Tata Consultancy Services (TCS) plans to expand its China operations in the coming years, a top company official said.

TCS to expand, add headcount in China

The fast growing Indian domestic IT services market is expected to be worth nearly $14 bn in the next four years, courtesy increased government spending, according to research group Gartner.

Domestic IT services mkt to be worth $13.6 bn by 2014: Gartner

Tata Consultancy Services&rsquo; (TCS) second quarter numbers not only surpassed market expectations but also achieved several milestones. N Chandrasekaran, managing director &amp; CEO, and S Mahalingam, chief financial officer, spoke to Shivani Shinde on how they intend to sustain this growth in an uncertain environment.

Q&A: N Chandrasekaran, MD & CEO & S Mahalingam, CFO, TCS

A Bluetooth headset that comes with a self-charging case, a camera that doubles up as a projector &mdash; just some of the gadgets that truly stand out amid the modern electronics crowd. Priyanka Joshi reviews a few of them so that you can decide what to buy this festive season...

Go digital this Diwali!

Bollywood actor Priyanka Chopra admits she has a fetish for collecting watches and latest gadgets. She is quick to switch mobile phones, as fast as they are launched. But it is social networking applications like Twitter that she is addicted to the most, even while she&rsquo;s on the move.

'My friends call me a geek's fantasy'

At the age of 20, Sunny Vaghela had already solved over 15 cyber crime cases for the Ahmedabad Crime Branch. These include phishing cases, data thefts &amp; espionage, credit card frauds, several Orkut fake profile impersonations, cracked email passwords, SMS spoofings and even cyber terrorism.

The rise and rise of cyber security professionals

Aditya Birla Group company Idea Cellular on Monday posted an 18 per cent drop in consolidated net profit for the second quarter at Rs 180 crore, compared to Rs 220 crore posted in the same quarter last year. The company&rsquo;s revenues, however, went up by 21.7 per cent to Rs 3,659 crore as compared to Rs 3,005 crore in the corresponding quarter last year.

Idea net profit declines 18%

The Infosys Science Foundation, which had instituted the Infosys Prize in 2009 to give a shot in the arm to those working in the various fields of sciences, on Monday announced the winners of the Infosys Prize 2010 recognising their contributions to scientific research that have impacted India. It is an effort by Infosys to make research an attractive profession for youth.

Infy takes another step to boost basic sciences

The Supreme Court on Monday listed the Vodafone case to November 15 at the request of the company, which wanted more time to study the Rs 11,218-crore income tax notice it had got on Friday.

SC shifts Vodafone tax appeal to Nov 15

IBM, Tech Mahindra and Spanco have bagged the Bharti Zain business process outsourcing (BPO) deal. Spread across 16 African countries, the BPO contract is pegged at $500 million (about Rs 2,215 crore). The agreement is expected to be finalised soon.

IBM, TechM and Spanco bag Bharti Zain BPO deal

Haryana will experience India&rsquo;s first mobile number portability (MNP) on November 25. MNP allows mobile subscribers to change their service providers without changing phone numbers. It has been delayed thrice in less than a year, with the deadline now being December 20 for pan-India rollout.

Haryana first in line to dial portability

The agitation would mean jammed lines for online banking, Indian Railways and air ticketing, a repeat of May 2009, when MTNL workers went on a similar agitation over a wage revision. MTNL operates in Delhi and Mumbai.

MTNL workers plan stir on bonus issue from Nov 18

Infosys Technologies says the information technology (IT) budget of clients would be flat to slightly positive in the next calendar year.

IT budget to remain flat or slightly up in 2011: Infy CEO

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

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