The festive season has brought cheer for employees in the information technology sector hit by the US recession.
MindTree Ltd said on Tuesday it would buy Bangalore-based Kyocera Wireless India Pvt Ltd and make an upfront payment of $6 million.
Micro-blogging site Twitter is close to raising about $50 million through private equity fundings, that will make it a $1 billion firm. Fast growing startup Twitter will soon be joining a select group of startups, with private venture round valuations of $1 billion.
Corporate Affairs Minister Salman Khurshid on Tuesday urged the IT sector to spell out its standpoint and suggestions on the Companies Bill which is slated to come up before a standing committee of parliament soon.
The BPO arm of Mahindra Satyam seems to be on a hiring spree with plans to recruit additional 300 persons by next month even as the parent is rationalising its headcount.
The BPO industry in India has undoubtedly been a very popular field of employment in recent years but one of the biggest challenges it is facing is a phenomenal rise in attrition rate, says a new book.
A crudely photo-shopped image of a white man's face on a black person's body in an advertisement by Microsoft's Poland arm has been criticised by netzians, forcing the technology giant to apologise.
With a spurt in cases of swine flu, IT companies have advised employees not to travel to flu-hit areas, especially Pune, the city worst hit by the flu.
India is likely to be among the top three markets with highest number of mobile Internet users in less than two years, according to the thinking in Internet search giant Google Inc.
Online auction firm eBay Inc has reported a 29 per cent drop in net profit at USD 327 million in the second quarter ended June 30, mainly due to drop in sales of its marketplaces business.
Recession has hit the IT sector in Bangalore, with scores of techies losing their jobs. Some have been forced to take up low-paying jobs as they wait to bounce back when the recession ends
Infosys today said there were no immediate plans to appoint a co-chairman, a post vacated by one of its founder Nandan Nilekani.
Technology giant IBM announced that it has signed a 10-year IT outsourcing pact with Delhi-based Innovation Auto Risk (IAR).
The government-appointed directors on the board of fraud-mauled Satyam Computer Services, recently renamed Mahindra Satyam, may get full flexibility to decide whether or not they should stay on in their assignments.