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With markets hitting new highs almost everyday and business sentiment improving, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs 27,153 crore in just seven days. On the TechM deal,…
Read More Deal stream: Six deals worth Rs 27,153 crore closed in just seven days
To serve a growing customer base and better manage the client experience across all customer touchpoints, organisations are moving away from siloed transaction-oriented systems – such as enterprise resource planning (ERP), customer relationship management (CRM) and dealer management systems –…
With the markets hitting new highs almost every day and an improving business sentiment, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs. 27,153 crore in just seven days. The deal…
Read More Deal Street Sees Rs. 27,000-Crore Mergers and Acquisitions in a Week
Infosys is undertaking a cleanup activity that intends to plug any loopholes concerning financial malpractices within the company, which includes severe action such as sacking of more people if found guilty. Sanchit Vir Gogia, analyst at Greyhound Research, said that…
Read More Infosys Begins Probe Into Financial Irregularities In BPO Arm
While Mathews, chief financial officer of Infosys BPO, was sacked on Tuesday for failing to comply with the company's code of conduct, the unit's chief executive officer Gautam Thakkar has quit on "moral grounds" and would leave the company by…
The exit of Infosys BPO unit CFO Abraham Mathews on Tuesday on charges of violating the code of conduct of the company has further fuelled speculations of a cascading effect on other top executives as well. According to Greyhound Research…
Read More Apple Fallout: More Executives Likely To Leave Infy
Infosys Technologies fired the chief financial officer of its BPO unit for allegedly overbilling Apple Inc. for IT support services. “It is a brave step from Infosys’ side to come out and talk about the fraud going on internally in…
Read More Infosys Fired Finance Chief of BPO Unit for Inflating Apple’s Bills
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. “It is a brave step from Infosys’ side to come out and talk about the…
Read More Charges Of Over-Billing Apple Cost Infosys BPO’s CFO His Job
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. “It is a brave step from Infosys’ side to come out and talk about the…
Read More Charges Of Over-Billing Apple Cost Infosys BPO’s CFO His Job
In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal. Greyhound Research CEO Sanchit Vir Gogia said…
Read More Tech Mahindra Buys LCC For $240 Million In Largest Indian IT Deal This Year
In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal. Greyhound Research CEO Sanchit Vir Gogia said…
Read More Tech Mahindra buys LCC for $240 million in largest Indian IT deal this year
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. "It is a brave step from Infosys' side to come out and talk about the…
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. "It is a brave step from Infosys' side to come out and talk about the…
What is the event about? Cloud as a technology has already made the difference to the businesses across India, and yet the debate still continues. On one hand, the cloud promises a reduced cost and increased business agility, while on…
Read More Catch Sanchit Vir Gogia at HT Mint & Netmagic Cloud Connect
Seeing a $2 trillion promise in India's cloud market, Microsoft has decided to spend Rs 1,400 crore on setting up three data centres in the country. In a filing with the Registrar of Companies, the US software giant said it…
Tata Consultancy Services, the information technology unit of the Tata Group, is more than a quarter of the way to its goal of garnering $1 billion (more than Rs 6,150 crore) in revenue from the group's companies, two people with…
This case study looks at how M-Pesa, a service that originated in Kenya, was tweaked for India and whether it can succeed. EXPERT VIEW: OPTIMUM ADOPTION OF M-PESA WILL TAKE AT LEAST TWO YEARS "M-Pesa's adoption has been low owing…
Read More #GreyhoundInMedia: Inclusion by mobile #Press #Media @BT_India
Amazon, Uber recently expressed concern over lack of clarity in regulation. E-commerce players such as Amazon and Uber feel that dated laws and lack of clarity in regulations are the biggest risk for their India operations. “The rules that exist are…
The traditionally strong September quarter saw an unusual and unexpected slowdown in what seems like winter setting in a bit too early for the country’s top IT services companies. The December quarter is usually the weakest for the companies, with long…
Read More #GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer
Wipro, India’s third-largest IT services exporter, has reported a 0.9% sequential decline in net profit in rupee terms for the September quarter, impacted by wage hikes and its top clients curbing their technology spends. The net profit stood at R2,084…
Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. “With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…
Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters.In the quarter ended September 30, the Bangalore-based firm reported an eight per cent rise in net…
Wipro, India's third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. "With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…
Just two seconds can make a difference of hundreds of crores of rupees in some businesses. That's the premise on which HDFC Securities is re-inventing its stock trading app for mobile phones. The new app will feed real time stock…
Read More #GreyhoundInMedia: Mobile-commerce comes of age in India #Press #Media @EconomicTimes
From e-commerce to m-commerce Exactly a year after it launched a mobile app, Amazon India gets half its traffic from smartphones. "The significance of mobiles is much higher in India than anywhere else as most of first time internet users…
India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…
India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…
India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…
India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…
Revenue in the September quarter rose 7.4% from the year ago period to Rs464 crore “Despite wage hike and expenses on skill development for employees, the quarter has been very strong with positive margins,” said Sanchit Vir Gogia, chief analyst…