Keeping a reserve pool of staff is making less sense to information technology (IT) firms.

Indian IT firms try to reduce or push out benched staff

Business Standard

While the ongoing recession has spelt doom for most of us, it has brought boom time for value-added services (VAS) players and mobile operators. The recession-triggered uncertainty has prompted consumers to look to astro services for a glimpse into the future, and these players are gaining from that.

Stars smile at astro services amid downturn

The Indian IT services sector may see up to five% amounting to more than one lakh job cuts, over the next six months as companies focus more on cost-cutting due to persisting weakness in global demand, experts say.

IT services may see over one lakh layoffs by Sep

Press Trust of India

Infosys Technologies CEO Kris Gopalakrishnan has several unprecedented challenges to combat this year &mdash; more than 80 per cent of his top customers are set to lower their budgets, the spectre of recession in the West may bring down the number of orders and contracts. All this could put margins and earnings under severe pressure. Gopalakrishnan discusses the way forward with Aanand Pandey.

'Be paranoid about basics'

Malaysian mobile virtual network operator (MVNO), Tunetalk, has selected XIUS-bcgi, the telecom brand of Chennai-based technology company Mega Soft Limited, to launch its services in Southeast Asia.

Malaysian MVNO selects Megasoft arm

Bangalore-headquartered consumer care to IT major, Wipro, is all set to strengthen its engineering design and services (EDS) practice with the joining of Dr T S Krishnamurthy, former senior vice president - integrated engineering services of Satyam, as head of EDS.

Wipro increases focus on engineering design service

Suggests Essar Group is de-facto owner by routing investments indirectly.

MCA questions Loop Telecom ownership

Cellebrum Technologies Limited, the flagship company of Spice Televentures Limited, will invest Rs 10 crore in expansion this financial year, which includes a new competency centre in Bangalore next month, said chief executive officer Saket Aggarwal.

Cellebrum Tech in expansion mode

Analysts believe the number of &ldquo;surplus&rdquo; employees is between 6,000 and 12,000. The situation has arisen as Satyam was once a $2.2 billion company with over 50,000 employees. Though the accounts have not been restated after the revelation of forgery by its ex-head, Tech Mahindra) officials peg the revenue at around $1.3 billion.

Tech M to review &#39;surplus employee&#39; in Satyam

Despite some formidable competition from Reliance Communications, Idea Cellular posted some reasonably good numbers in the March 2009 quarter driven by the relatively small drop in the minutes of usage (MOU), which fell just over 3 per cent to 402 minutes. The fall in the average revenue per user (ARPU), at 4.5 per cent sequentially to Rs 254 too wasn&rsquo;t bad, helping stand-alone revenues grow 9 per cent sequentially to Rs 2,860 crore.

Idea Cellular: Well played

HCL BPO, a division of HCL Technologies, has signed a five-year deal with a Britain-based water utilities client that has around 5,000 employees. As of now, the company has less than 100 people working for the client, but it expects to add more by June-end.

HCL BPO signs 5-yr deal with UK water utility

The release of what is arguably Microsoft's most important product launch ever is likely to be forwarded by about five months. With the success of the numerous beta trials of Windows 7, the Redmond-based software giant could ship its next-generation operating system as early as August this year, reliable sources said.

Web Exclusive: Fast forward - Windows 7 release likely in August

World's second-largest chipmaker Advanced Micro Devices (AMD) today announced its partnership with game development firm FXLabs as part of its plan to focus on the Indian visual computing space.

AMD to focus on visual computing space in India

Finnish mobile phone maker Nokia today said it will reduce its workforce by 450 employees globally to adjust its business operations in tune with falling market demand.

Nokia to cut 450 jobs worldwide

Wipro BPO, the business process outsourcing division of global IT services provider Wipro Technologies, would add about 1,000 people at its Hyderabad centre in six to eight months.

Wipro BPO to hire 1,000 for Hyd centre

Despite its run-in with the Ministry of Corporate Affairs (MCA), Mumbai-based GSM telecom service provider Loop Telecom will launch its services in the Tamil Nadu and Orissa circles by next week.

Loop Telecom's Tamil Nadu, Orissa launches next week

The Securities and Exchange Board of India (Sebi) has sought clarifications from telecom services major Bharti Airtel for increasing the promoter&rsquo;s stake in the company by way of creeping acquisitions and without making public announcements.

Sebi asks Bharti to clarify on promoter stake hike

Company expects price cut in FY10, which is likely to squeeze volumes.

Wipro ups focus on rural India for consumer care biz

Swine flu spreads to West Asia, Asia-Pacific regions.

IT-BPO firms on alert

The swine flu outbreak has not only reached beyond Mexican borders and into the US but also invaded cyberspace. General websites including wikipedia, social networking sites and blogs have put up useful data on the risks, symptoms, and other updates.

Swine flu's tweet tweet causes online flutter

HCL Infosystems said it will be focusing at the system integration segment as a major growth area of the company, besides continuing to introduce new products.

HCL Info to focus on system integration segment

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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