Tata Consultancy Services (TCS), India&rsquo;s biggest software services provider, is eyeing tier-II and tier-III cities such as Pune, Nagpur, Gandhinagar, Kochi and Chandigarh to drive its future

TCS eyes tier-II cities for future growth

Business Standard

Reacting to reports that he was likely to be arrested soon, T R Prasad, former director of the tainted Satyam board, today offered to cooperate with investigators and asserted that he did nothing wrong as an independent director.

Not guilty, ready to cooperate with probe, says T R Prasad

The recent developments at Satyam has customers of all sizes worried about known and unknown risks involved and the resulting impact that it would have on services delivery, according to a note from management consulting company Zinnov Consulting.

'Satyam scam may hit service delivery'

The drama over the third-generation, or 3G, telecom services policy took a new twist today with a Delhi High Court Bench headed by the Chief Justice A P Shah directing the Department of Telecommunications (DoT) to file an affidavit explaining why it cannot auction all the available blocks of spectrum in the upcoming auction of 3G spectrum.

Court asks DoT to explain 3G policy

Nortel Networks Limited yesterday announced that it and certain of its other Canadian subsidiaries will seek creditor protection under the Companies' Creditors Arrangement Act (&quot;CCAA&quot;) in Canada. As well, certain of the Company's US subsidiaries, including Nortel Networks Inc. and Nortel Networks Capital Corporation, have filed voluntary petitions in the United States under Chapter 11 of the U.S. Bankruptcy Code, and certain of the company's EMEA** subsidiaries are expected to make consequential filings in Europe.

Nortel files for bankruptcy

Nortel Networks, North America&rsquo;s biggest telephone equipment maker, filed for bankruptcy yesterday, hoping to save a once high-flying business. The move will impact Indian information technology (IT) companies as Nortel was one of their key clients.

Nortel bankruptcy: Another jolt for Indian IT firms

US mobile phone maker Motorola has said it would slash an additional 4,000 jobs as part of a stepped-up cost-saving move to remain competitive in a slumping global economy.

Motorola to cut 4,000 additional jobs

HCL CapitalStream Lending Group, a division of HCL Technologies and FTSE-listed Misys, have formed an alliance to offer a new technology solution to the banks with loan origination needs and positions.

Misys, HCL integrate loan origination tool for banks

The Satyam scandal, which has shattered the dreams of the company's employees, has a worse effect on aspirants from Punjab and Haryana, as they are not only keeping the Hyderabad-based firm out of their options, some of them are also shunning jobs in the IT sector as well.

Satyam effect: Engineering aspirants ignoring IT

Press Trust of India

Telecom service provider Bharti Airtel has expanded its premium international toll free services to its enterprise customers in India.

Intl toll free services for enterprise customers in India

Wipro, the country's third largest software services exporter, has stated that outstanding amount from Nortel is $15 million, subject to arbitration.

Outstanding from Nortel to Wipro is $15 mn

Software giant Microsoft is looking to trim its workforce across various divisions and could announce the plans next week, says a media report.

Microsoft plans to cut jobs: report

Currency volatility badly hit the revenue and net profit of India&rsquo;s largest IT services provider Tata Consultancy Services. The company recorded a net profit (consolidated Indian GAAP) of Rs 1,362 crore for the quarter ended December 31, 2008 -- up a mere 2.68 per cent over the corresponding quarter figures of Rs 1,327 crore in FY07. Net profit was higher by Rs 41.53 crore due to lower depreciation charges.

Currency swings see TCS net rise just 2.7%

The Strategy Analytics Emerging Markets Communications Strategies (EMCS) service report, &ldquo;Mobile Value Added Services (MVAS) in India,&rdquo; suggests that established Indian mobile operators risk losing some of the $1.2 billion in MVAS revenue predicted for 2012 if they continue to focus their efforts on gaining new subscribers, and fail to respond to the requirements of the MVAS market.

'Telecom services must focus on value addition'

Telecom software solutions provider Sasken Communication Technologies, which derives close to 10 per cent of its revenues from Nortel, is expected to a take a big hit following the filing of bankruptcy protection by the North American telecom equipment maker.

Nortel move a  blow to Sasken

Samsung Telecommunications is looking at alternative distribution channels and bundled value-added-services to push sales of its handsets in India.

Samsung Telecom eyes new channels

Ending the long wait over next generation telecom services, MTNL today said it will commercially launch its 3G services in the national capital within 10 days.

MTNL to launch 3G services in Delhi

The newly-appointed Yahoo! chief executive Carl Bartz will get a compensation of $19 million this year.

Yahoo! chief Bartz to get $19 mn this year

The government has suggested that the new Satyam Computer Services board should also look within the company to appoint a CEO and CFO.

Satyam CEO, CFO should be insiders: Govt

My US-bred niece dearly loved her grandfather. She came to Calcutta every year, first with her parents and then on her own with friends. She and her Dadu chatted about everything under the sun.

Devangshu Datta: IDs made in heaven?

The country&rsquo;s largest IT services provider Tata Consultancy Services&rsquo; (TCS&rsquo;) third quarter numbers were below market expectations. However, its COO and Executive Director S Chandrasekaran defends the company&rsquo;s performance, saying these are uncertain times. He spoke to Shivani Shinde on pricing issues, aspirational targets and future growth.

'Cancellations are sporadic'

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