In their attempt to cut costs amid the global downturn, two in every three UK-based firms have offshored a portion of their IT functions in the last six months, with a large portion of it coming to India, a survey says.

UK cos offshored majority IT jobs to India in six months

Press Trust of India

Following the Satyam scam, venture capital (VC) firms are looking beyond financial numbers before funding a family-owned business.

Post-Satyam, VCs adopt stricter scrutiny

Business Standard

The Hyderabad police has registered cheating and criminal breach of trust cases against the promoters of Maytas Properties, an unlisted company owned by the family of Satyam Computer Services Ltd founder B Ramalinga Raju, who is in jail after confessing to manipulating Satyam&rsquo;s accounts.

Criminal cases against Maytas Properties promoters

Infosys Technologies today said it had bagged an order from the Union commerce ministry to set up an e-business platform which will give companies easy access to government information and services. The company will design, implement, maintain and expand it for 10 years.

Infy bags e-biz govt contract

Software major Wipro is betting big on green technologies and sees it as the next emerging opportunity, hoping for a sizeable business in the next 10-15 years.

Wipro bets big on green technologies

Allianz Infratech, wholly-owned unit of Etisalat DB, will outsource its telecom infrastructure requirements to RCom.

RCom bags Rs 10,000-cr telecom infra deal

India&rsquo;s information technology leaders have managed to beat analyst and market expectations by turning in a credible performance in the quarter ended June, in challenging times that show no clear signs of getting any easier. While TCS and Infosys hold back from saying that light is visible at the end of the tunnel, Wipro chairman Azim Premji has struck half a note of optimism by declaring that he sees the &ldquo;first signs of stability in the business as ramp downs start to taper off and volumes start to stabilise.&rdquo; What this stability means is that while things were in some kind of a free fall, with technology chiefs in client companies not knowing what budget would be available for the year, now both the industry and clients know where they stand. But there is no upside, as new projects are nowhere in sight. This is reflected in Infosys cutting both its current quarter and full year guidance, and Wipro issuing a virtually flat guidance for the current quarter.

The tough get going

A bitter battle between the finance ministry and the Department of Telecommunications (DoT) over their jurisdiction might force the latter to withdraw its decision to waive licence fees for fixed-line service operators in rural areas.

DoT may cancel rural licence fee waiver

Wipro Q1 net up 12% YoY

Wipro, the Bangalore-based business conglomerate which derives slightly over two-thirds of its revenues from IT, has not only met its quarterly targets but the company's Chairman Azim Premji has also raised hopes of an early recovery in the global economy. Among Indian IT outsourcing companies, Wipro is the first company to give a flat to 2 per cent growth expectation for the July-September 2009 (third) quarter. Joint CEOs Girish Paranjpe and Suresh Vaswani spoke to Bibhu Ranjan Mishra on the company's growth path.

'Our revenue contribution from top customers has grown'

Google India has announced that its Internet Bus would now tour Andhra Pradesh as part of its initiative to reach out to people with limited knowledge and exposure to the Internet, in India.

Google Internet Bus to tour AP

Wipro today said it was taking preventive steps to stem discontent in the US at outsourcing.

Wipro hires more locals in projects abroad

In a bid to cut costs and enhance customer experience, power companies in India like CESC &mdash; the Rs 4,200 crore RPG Group flagship &mdash; and Noida Power Company Limited (NPCL) &mdash; which distributes power in Greater Noida &mdash; have started focusing on e-commerce and e-procurement.

Power companies embrace e-commerce

The gawky Fido Dido, the mascot of Pepsi&rsquo;s 7UP, will soon reincarnate as a high-definition stereoscopic 3D animated character on TV screens.

Fido to go 3D for small screens

ViewSonic today unveiled an All-In-One PC for the Indian market.

All-In-One PC by ViewSonic

Intex Technologies (India) Ltd is focsuing on its mobile business to increase the turnover. After establishing its presence in northern India, the company is now planning to tap the southern parts of the country for its mobile handsets business.

Intex eyes Rs 250 cr from mobile business

Tata Communications, a domestic telecom service provider, has partnered with F-Secure - the global provider of security as a service through ISPs and mobile operators, to offer mobile phone security services in India.

Tata Comm, F-Secure to offer mobile security services

The Indian IT industry, which has grown rapidly due to innovation and low cost products, has not reduced strategic investment despite cutting costs, Infosys Technologies Chief Executive and Managing Director S Gopalakrishnan said here today.

IT industry hasn't reduced strategic investment: Infosys

Norwegian telecom major Telenor, which plans to launch services in the Indian market later this year, today posted a profit at 1.38 billion Norwegian kroner (about $220 million) for the second quarter, a fall of 61 per cent over the year-ago period.

Telenor Q2 net profit slumps 61%

Anand Sharma (not his real name) is a practiced hand at online shopping. But even he does not know that from August 1 he will not only require his 16-digit credit card number, card expiry date and 3-digit CVV number (on the back of the card) when he buys something online but will also have to enrol his card with VBV (Verified by Visa) or MSC (Mastercard Secure Code) to complete a transaction.

RBI tightens online card use

Private telecom operator, Idea Cellular, has planned a capital expenditure of about Rs 6,000-crore for the next two years, a top official said today.

Idea earmarks Rs 6k-cr capex

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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