India has successfully fought off competition from new and emerging outsourcing regions such as the Philippines, South Africa, East Europe and Latin America to retain its position as the world's BPO hub, shows data released by Nasscom. Vivek Sinha
reports. Calling India
A handful of entrepreneurs are trying to prevent the country's software industry from getting "Bangalored". Firms are moving up the value chain in their own way and switching from traditional markets in America and Europe.
Nasscom has released a report detailing Indian IT’s contributions to the US economy, in a hostile environment marked by rejection of visas in the professional categories H1 and L1. Yashwant Raj
reports. Some numbers to impress uncle Sam
As the US presidential election ramps up the rhetoric against offshoring jobs, India's flagship software services providers are seeking an image makeover.
Shares of HCL Infosystems today soared 17% on the bourses amid reports that it has won contract worth of Rs.
2,200 crore from the Unique Identification Authority of India (UIDAI).
Barely a decade ago, Infosys and Bangalore, called India’s Silicon Valley, were synonymous with each other. But in 2012, with SD Shibulal at the helm, the company plans to have more campuses in smaller cities as it is now easier to build operations and keep costs in check by fanning out.
In a major relief to Mahindra Satyam, the Andhra Pradesh high court on Wednesday stayed an order issued by the Income Tax department seeking attachment of the company's land and buildings.
India's leading information technology (IT) firms, Infosys and HCL Technologiess, are expanding their offerings in the BPO space. Shrenik Avlani reports.
The IT and IT-enabled services sector is set to hire more than 200,000 people in FY 2012-13 as demand grows in a maturing market and exports rise despite the difficult times in the Europe and the United States, said Nasscom and NIIT chairman Rajendra Pawar in Mumbai. Shrenik Avlani
reports. Bright future despite western gloom
IT giant IBM has set up a centre in Bangalore that will offer solutions to automate and accelerate the purchasing, sales and customer service functions.
Foreign secretary Ranjan Mathai has expressed hope that the economic challenges in the US would not lead to protectionism and concerns of the Indian IT industry will be addressed.
India continues to remain the preferred offshoring destination for technology and service outsourcing despite political rhetoric in the developed West against it and talk that India is losing its competitive advantage for IT and back-office services, Vivek Sinha
reports. Leader still
India's second-largest IT services company, Infosys, may have sounded cautious while giving a near-flat growth guidance for the final quarter of 2012 fiscal but that has not stopped the company from going ahead with its expansion plans both in India and abroad.
Reliance Industries, pulled up by the CAG for alleged contract violations of a gas block, today told a Parliamentary panel that it was not given a "fair" opportunity to be heard and the observations by the government auditor were on technical issues and not accounting.
Global software major Microsoft today said that for MNCs, India is no longer a preferred destination.