Tata Consultancy Services has got a &ldquo;significant&rdquo; portion of World Bank contracts that were previously serviced by Satyam Computer Services, a World Bank spokesman said today.

TCS gets lion's share of Satyam's World Bank orders

Business Standard

In yet another example by an Indian corporate to become cost-sensitive, IT bellweather Infosys Technologies is asking all its employees to go in for a one-time cost savings of $10 each.

Infosys asks employees to save $10 each

After waiting for months for Satyam Computer Services to honour their job offers, several wannabe Satyamites finally landed at the scam-hit company&rsquo;s headquarters in Hyderabad to get an assurance on their jobs.

Wannabe Satyamites seek assurance

With expectations still riding high on the IT industry despite the Satyam scandal, the declaration of the banks wherein the cash and deposits of India&rsquo;s second-largest IT services provider Infosys Technologies lie, provided a breath of fresh air to the markets. In a discussion with Bibhu Ranjan Mishra and Ravi Menon, S (Kris) Gopalakrishnan discusses the travails his company faced, client demands, utilisation rates, and how it plans to deflect Satyam-like situations.

'There are expectations of higher transparency'

Approaches govt to relax shareholder agreement.

Tata Comm plans Rs 1k-cr rights issue

At a time when public sector banks (PSBs) are gaining market share, the country&rsquo;s largest information technology company, Infosys Technologies is helping their cause.

Infy parks bulk deposits with PSBs at higher rates

Drops $ guidance for second successive quarter.

Rupee fall yanks up Infosys net 33%

A draft note prepared for the cabinet by the Department of Telecommunications (DoT) has recommended raising the base price for an all-India licence for spectrum for third-generation, or 3G services from Rs 2,020 crore to Rs 3,540 crore. The government is auctioning a maximum of five blocks of 3G spectrum of 5 MhZ each in the note to the cabinet.

DoT suggests higher 3G spectrum auction price to Cabinet

Amidst the outrage among certain Satyam employees to Infosys Co-Chairman and Chief Mentor N R Narayana Murthy&rsquo;s statement last week that Infosys would not recruit employees from the disgraced IT firm based in Hyderabad, top Infosys executives on Tuesday stood by their stand. They also couched their views on the Satyam scam in decidedly softer terms.

We stand by Satyam but no job applications, please: Infy

Yahoo Inc today named Silicon Valley veteran Carol Bartz as its new chief executive, bringing in a no-nonsense leader known for developing a clear focus - something that has eluded the struggling Internet company during a three-year slump.

Yahoo names tech veteran Carol Bartz as new CEO

The government is confident that the country's IT industry would continue to grow fast and views the Satyam fiasco or the bar on some IT firms from doing business with the World Bank as a minor glitch.

IT industry to grow despite glitches, says IT Secy

Press Trust of India

Nasdaq-listed Sify Technologies is close to launching cheap BlackBerry - like&nbsp;services in the country that can be accessed even by entry-level handsets. The company has licensed London-listed mobile e-mail and synchronisation solutions provider Synchronica&rsquo;s mobile gateway solutions for providing the services in the country.

Sify Tech to launch cheap BlackBerry - like services

With industry buckling under the impact of global meltdown, Indian IT outsourcing firms are adopting a &lsquo;zero tolerance&rsquo; policy on fraudsters who have managed to get IT jobs using fake resumes. Most of the IT firms irrespective of size and revenue are busy in weeding out such &lsquo;unscrupulous elements&rsquo; even as they are earnestly trying to increase productivity with higher utilisation, reduction of bench (unused resources) and a cut in training costs.

IT firms to crack down on staff with fake CVs

Forex losses of Rs 13.9 crore due to the pound slipping against the dollar by 18 per cent resulted in a fall of 51.58 per cent in NIIT Technologies&rsquo; net profit for Q3 ended December 2008. Profit after tax (PAT) stood at Rs 16.8 crore compared to Rs 34.7 crore in the year-ago period. The company gets 46 per cent of its revenues from Europe and 36 per cent from the US. On a y-o-y basis, the consolidated revenue was 6.2 per cent up at Rs 248.5 crore from Rs 233.8 crore.

NIIT Tech&#39;s Q3 PAT down 52% on forex hit

Mobile phones and the internet are the new thrust areas for entertainment companies like Sony Entertainment Television (SET) India, Nick India and Sony Pix. These firms are concentrating on creating &ldquo;other revenue generating streams&rdquo; using these media, over and above the traditional merchandise sales.

Channels turn to cellphones, net

Based on the past performance of iPod/iPhone speakers offered by Logitech at various prices, the company&rsquo;s new releases are generally awaited with legitimate levels of excitement. And the latest Pure-Fi Anytime speakers from Logitech don&rsquo;t disappoint.

Speak well

Rural India has 3.3 million active internet users, a new report by the Internet and Mobile Association of India (IAMAI) states. Since rural India was mapped for the first time, the year-on-year growth of internet users in rural India could not be estimated.

3.3 million active internet users in rural India

IBM today announced that it shattered the patent record in 2008, becoming the first company to surpass 4,000 patents in a single year. It is the sixteenth consecutive year that IBM has led the global patent leadership. IBM&rsquo;s 2008 patent total nearly tripled Hewlett-Packard&rsquo;s and exceeds the issuances of Microsoft, Hewlett-Packard, Oracle, Apple, EMC, Accenture and Google combined.

IBM tops patent leadership in 2008 too

TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.

Another jolt for Indian IT firms

Vivek Paul, former vice-chairman of Wipro and CEO of its global IT business, has emerged as the front runner for the post of CEO of Satyam Computer Services. To sweeten the package, sources close to the development said that Paul was being offered a 5 per cent stock option in addition to an attractive remuneration.

Vivek Paul leads race for Satyam CEO post

Satyam chairman&rsquo;s supporters launch website for damage control.

Image makeover@ramalingaraju.com

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