Wipro Ltd &mdash; India&rsquo;s third-largest software exporter &mdash; saw its stock surge 2.7 per cent on a day the Sensex was down 80 points, mainly because of management expectations of an uptick from the first quarter (April-June 2009) of the current financial year.

Wipro sees recovery in Q1, scrip surges 2.7%

Business Standard

They have been travelling to work in air-conditioned cabs and luxurious coaches all these years. IT employees of Pune will now also have to get used to public transport buses.

IT staff asked to use public transport

Net income down 36.3% year-on-year from Rs 342.5 crore.

HCL Tech net down on forex losses

The fourth quarter results of India&rsquo;s leading IT companies have turned out to be every bit as bleak as had been expected. Its top executives have given up trying to talk up spirits. Infosys CEO Kris Gopalakrishnan has declared the level of uncertainty to be &ldquo;unprecedented&rdquo; and admitted that this is &ldquo;probably one of the worst economic environments we have seen in our lifetime&rdquo;. The numbers bear this out abundantly.

Downtime for IT

HCL Technologies has always stood by its Blue Ocean Strategy, wherein it creates new market spaces through strategy formulation. The IT giant now plans to rework this strategy to create more blue oceans. In a chat with KIRTIKA SUNEJA, Vineet Nayar, CEO of HCL Technologies, shares his vision on the strategies and the growth path ahead.

'There will be a next-generation strategy in line with the economy'

Bangalore-headquartered Wipro has had much work in the uncertain global environment to meet its fourth quarter targets. Girish Paranjpe, joint CEO of its information technology business, talks with Bibhu Ranjan Mishra on plans and outlook.

&#39;Clients says India knows how to handle the downturn&#39;

Tata Consultancy Services (TCS) has raised the performance bar for its 143,000-odd employees. Those under the scanner will now be given only three months to improve their skills. The company, India&rsquo;s largest for information technology services, will no longer give an extension.

TCS raises standards for staff performance

The government today said the import of key communication hardware like radio equipment will require a licence from the Ministry of Communication and IT without any approval of the Commerce Ministry.

Single licence for telecom equipment import

Press Trust of India

Intellectual property-based niche technology firms are among the best equipped to weather the current global recession.

IP-based tech firm shows way to beat recession

Companies renew pledge to conserve environment, save energy costs on Earth Day.

'Go green' is the new IT mantra

Software development company Infrasoft Technologies Limited plans to invest Rs 20 crore for product enhancement and development in the anti-money laundering (AML) segment. The move is part of an overall Rs 70 crore corpus that the company plans to invest for various activities.

Infrasoft to invest in anti-money laundering products

Aditya Birla group company Idea Cellular has posted a marginal dip in net profit of Rs 274.3 crore on a consolidated basis for the fourth quarter ended March 31, 2009, impacted by its launch in two new circles and a right of use agreement signed with Indus Towers.

Idea Cellular consolidated Q4 dips marginally to Rs 274.3 crore

The top management of India&rsquo;s largest information technology services firm, Tata Consultancy Services (TCS), seems cautious on the uncertainty in the global market. The company&rsquo;s Chief Operating Officer and Executive Director, N Chandrasekaran, tells Shivani Shinde he&rsquo;ll focus on cost efficiency.

&#39;When clients are hurt, there is bound to be pricing pressure&#39;

Tata Consultancy Services (TCS), India&rsquo;s largest software company, expects to double its revenue from the country in the next three to four years, a senior executive has said.

TCS looks to double revenue from India

ICT systems integrator HCL Infosystems&rsquo; profit after tax (PAT) fell by 28.5 per cent to Rs 58.2 crore for the third quarter ended March 31, 2009. It was Rs 81.5 crore in the year- ago period.

HCL Infosystems&#39; Q3 PAT down 28%

Before the global slowdown, India&rsquo;s IT services companies constantly worried about attrition rates and often lowered the bar on performance as a result. Over the past year, though, the new term is &ldquo;downsizing&rdquo; &mdash; shrinking the employee base so that employee costs match slower business growth. This fiscal, as the recession in the western markets start biting, their tolerance for non-performers is down to zero.

Tolerance for non-performance shrinks to zero in IT industry

Yahoo! said it will close its GeoCities service that provides people a free online locale for home pages.

Yahoo! abandoning Geocities

Software giant Microsoft reported a decline in quarterly revenue for the first time in 23 years as adverse economic conditions globally took a toll on the entity&rsquo;s business.

Microsoft quarterly revenue drops for first time in 23 years

Fifteen years earlier when it was born, this internet city christened &lsquo;Geocities&rsquo; was fast becoming a household name. Geeks and ordinary internet users from all over the world, including India, rushed to have a home &mdash; their own web page &mdash; on this internet property.

Yahoo! writes Geocities' obituary

In the age of touch-screen phones, Raghav Modi, CEO of PetSetGo, is a fan of user-friendly gadgets. He seems more keen to invent a time machine, and acquiring a MacBook Air.

Waiting for Air

Tata Teleservices (TTSL) is planning to extend its marriage with Japanese telecom major NTT DoCoMo to upcoming GSM mobile services, too.

Tata to launch GSM with NTT DoCoMo co-branding

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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