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Satyam buyout: MCA minister trashes Spice allegations, Wilbur Ross also in the fray
Satyam buyout: MCA minister trashes Spice allegations, Wilbur Ross also in the fray
March 31, 2009
Minister of corporate affairs, Prem Chand Gupta took a dig at Spice Corp's BK Modi for alleging lack of transparency in scam-hit Satyam Computer Services' bidding process to find a buyer.
 
3i Infotech to target utilities and infrastructure
3i Infotech to target utilities and infrastructure
March 31, 2009
3i Infotech to expand its reach by targeting newer verticals — utilities and infrastructure — using the technology platform that came with the acquisition of the US-based Regulus Group.
 
Restructuring in Dell India
Restruction in Dell India
March 31, 2009
Dell has begun reorganizing its business operations in India around four segments, consumer, large enterprise, public sector, and small-and medium-businesses.
 
Nokia Siemens Networks come up with new global centre at Noida (India)
Nokia Siemens Networks comes up with new global centre at Noida (India)
March 31, 2009
Nokia Siemens Networks (NSN) has set up a network management center in India, its 2nd in the country, to meet the growing trend for operators to outsource network management & maintenance.
 
IT employees expecting cut in variable pay
IT employees, pay cut
March 30, 2009
In times of economic slump most of the IT companies are adopting cost reduction measures, the new to it is cut in variable pay. This may mean no perks for IT employees this yr.
 
80 RR Donnelley staffs now with TCS
80 RR Donnelley staffs now with TCS
March 30, 2009
Tata Consultancy Services country's largest software exporter will soon be hiring 80 employees working with the India unit of Chicago-based RR Donnelley & Sons from June 1.
 
Indian IT majors valuation come down to Global peers amid economic slowdown
Indian IT majors valuation comes down to Global peers amid economic slowdown
March 30, 2009
PE (price-earning) multiples of Indian IT companies have recently fallen to the levels of global rivals, market investors seem to expect that Indian IT majors will deliver lower growth than their global peers.
 
Satyam refused to provide details of bidding; B K Modi`s Spice opts out
Satyam refused to provide details of bidding; B K Modi`s Spice opts out
March 30, 2009
Deepak Parekh, the board member of the troubled IT company Satyam, said that Satyam can not reveal the bidding process as the company was listed in the US.
 
IT vendors set to gain 20% pie of Govt`s power sector expenditure
IT vendors set to gain 20% pie of Govt`s power sector expenditure
March 30, 2009
In the midst of Global economic downturn, there is some good news for IT sector. The government has budgeted Rs 50,000 crore for the modernisation of the power sector of which 20% of it i.e. Rs 10,000 crore will be spent on IT.
 
Desktops losing to notebooks
Desktops losing to notebooks
March 27, 2009
A report by IDC discloses that the shipments of PC are gradually declining in India. PC shipments remained flat at 7.98 million during Jan-Dec 2008 against 8.06 million in 2007.
 
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