With the attrition rate going up, Wipro has issued restricted stock options to senior staff with effect from July 1. About 8,000-9,000 employees are eligible for these options, the quantum of which will be decided based on the grade, seniority and performance of the employee concerned.

Wipro offers restricted stock options to retain staff

Business Standard

In line with market expectations, information technology services and consumer goods company, Wipro posted a 31 per cent jump in net profit to Rs 1,319 crore in the quarter ended June 30, as against the year-ago period. The Bangalore-headquartered company, which also sells soaps, furniture and hydraulic equipment, saw its top line moving up by 16 per cent over the same period a year ago to Rs 7,236 crore, driven by steady volume growth during the last three quarters.

Wipro meets street expectations with 31% rise in net

Tata Teleservices is planning to slowly phase out the process of offering handsets and mobile connections together, a popular practice in CDMA business.

Tata Teleservices plans to move away from bundled CDMA services

Makes an adjustment of Rs 3,400 cr in fair market value to account for payment made for 3G.

Vodafone ups Essar's put option value

IT industry body Nasscom has proposed the idea of virtual special economic zones (SEZs) for the sector to get over the size criterion, which is less relevant for the IT companies compared with the manufacturing ones. Nasscom chairman Som Mittal said here on Friday this would help smaller companies based in Tier-II and Tier-III cities. The term virtual SEZ refers to an SEZ-equivalent tax treatment to an IT company, irrespective of its size.

Nasscom for virtual SEZs

Wipro&rsquo;s financial results for the April-June quarter (Q1) showed the management has been able to maintain operating margin and volume growth. Girish Paranjpe, Joint CEO of its global IT services, discusses this with Bibhu Ranjan Mishra.

Q&A: Girish Paranjpe, Joint CEO, global IT services, Wipro

Apple delayed the release of the white iPhone 4 for the second time, saying the model is still harder to manufacture than expected.

Apple puts off white iPhone 4

State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) is on a major recruitment drive to add 10,000 employees in its sales and marketing division.

BSNL to hire 10,000 in two years

A large number of IT companies are becoming more strict with departing employees and are asking them to serve the full notice period to ensure that business activities are not affected by a sudden shortage of manpower.

IT cos turn tough on notice period for staff

Press Trust of India

IT major Tata Consultancy Services (TCS) has opened a new office in the Peruvian province, Lima, with the purpose of rendering its services to the country.

TCS bets on growing economy of Peru

Information technology (IT) firms, including the top companies like Infosys, Wipro and Tata Consultancy Services (TCS) as well as the SMEs (Small and Medium Enterprises) have invested Rs 297.78 crore so far on their operations in Orissa.

IT investments at Rs 297.78 cr in Orissa

From small kiranas to banks to potentially entire FMCG chains &mdash; all have a digital date with money transfers on cellphones.

Mobile money: The next e-revolution for masses

At current prices, the stake is valued at Rs 5,200 crore.

Vodafone may sell its minority stake in Bharti

What are smartphones? All too often, they are perceived to be just boring business phones, or worse. For sure, the most common perception is that smartphones are intended for business or official purposes only. You really can&rsquo;t blame anyone for thinking this. After all, in this day and age, such phones are named after confectionary items and come with a bubblegum type of imagery.

Smarter than you think, and more...

Bollywood actress Bipasha Basu is revamping her image on the digital medium with her website, re-launched by Hungama. The 31-year-old actress is eager to go the tech way, which means she will now be seen actively on Twitter and Facebook, recording her ringtones on the mobile space and actively participating through blogs on her website. Of course, the subjects are what Basu knows the best &mdash; films, fashion and fitness.

Bipasha Basu gets a digital re-launch

S serious audiophiles will agree that a good pair of earphones can be critical for your music experience. Here are two latest pairs of audio delights that we stumbled upon.

Head towards a better sound quality

Swayed by the Eurozone crisis, IT major Tech Mahindra today said its top-line revenue has been severely affected by the currency fluctuations in the first quarter of this fiscal.

Currency fluctuation affected Q1 revenue: TechM

Tech Mahindra, the Pune-headquartered information technology services provider to the telecom sector, is likely to merge with Mahindra Satyam, the erstwhile Satyam Computer Services, before the end of 2011 calendar year, according to senior management officials.

Tech M may merge with Satyam by '11

IT firm Tech Mahindra today posted a lower-than-expected increase of 9.65 per cent in its consolidated net profit at Rs 144 crore for the quarter ended June 30, 2010, on account of the adverse impact of currency fluctuation.

Tech Mahindra net up 10%

Nexxoft Infotel Limited, a Hyderabad-based company engaged in 3D technologies, games, radio frequency identification (RFID) and people tracking solutions, is in the process of acquiring two companies based out of the US by the end of the current financial year.

Nexxoft plans 2 acquisitions in US

Vodafone Essar, the Indian subsidiary of Vodafone Group Plc, aims to launch 3G mobile services by end-2010, a top company official said.

Vodafone to launch 3G services by year-end

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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