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US Lifts Country-Cap On Green Card Issuance; Indian IT Professionals To Benefit

On Wednesday, the US law making body, the US House of Representatives, passed a bill removing country-cap of 7% on issuance of Green Cards. A Green Card holder can live and work permanently in the US. The bill, upon being signed ...

Economy Growing But Layoffs Aplenty; IT Sector Worst Hit: Report

While Indian economy is registering growth, concerns lingering around job lay-offs are a 'commonplace' and the worst hit is the Information technology sector that has evolved in recent times due to automation which to an extent takes away job opportunities. The ...

Hiring Outlook Weak Across Seven Sectors For Next 6 Months: Survey

The hiring plans which remained weak across corporates is showing signs of slow recovery as per a survey result. "The modest pace at which the hiring sentiment is growing seems to indicate a steadier and stable recovery rather than a temporary ...

IT stocks fall on sharp gains in the rupee

IT stocks fell in trade today on sharp gains recorded in the rupee. The fall in IT shares came despite the Sensex rallying 1.37 per cent in trade. Among the notable losers were TCS which fell 1.4 per cent, Wipro ...

India accounted for 55% of global IT and ITES sourcing market

According to the National Association of Software and Services Companies (NASSCOM), India continues to be a premier destination for the global off-shoring market of Information Technology and Information Technology Enabled Services (IT-ITES), accounting for almost 55 per cent of the total ...

US Immigration reform bill may harm Indian IT firms

The bi-partisan group of eight US Senators has come out with eight killer provisions in its comprehensive immigration reform bill, which if passed by the Congress, may prove to be detrimental to the interests of major Indian IT companies. The ...

TCS fails to cheer investors, posts poor results

Tata Consultancy Services (TCS), India's largest software exporter failed to perform better in second quarter of Financial Year 2012. It reported a mere 6.1% growth in its net profits Year-on-Year (YoY) and 4.7% rise on quarterly basis disappointing a large number ...

HCL Tech Q1 Net up by 50%

HCL Technologies Ltd, an Indian IT major on Tuesday, reported a 50% rise in its net profit for Q1 ended on September 30. HCL's net profit jumped to Rs 496.7 crore during the quarter against Rs 331.31 crore in the ...

Indian markets celebrates on Infy's gains

Indian markets regained their lost charm as the results season started. Infosys, India's largest IT company posted 9.7% rise in its second quarter FY12. The company's net profit rose to Rs 1,906 crore for the quarter ended September 30, 2011 ...

Infosys Q2 Results: Net Profit up by 9.7%

India's second largest IT company, Infosys has reported a rise of 9.7% in its net profit at Rs 1,906 crore year-on-year (yoy) for the quarter ended September 30, 2011. For the second quarter of FY12, the company's consolidated Net Revenues ...

Corporate India's profitability and ratings under threat

As demand slows down, it will affect the profitability of the companies and this in turn will bring pressure on credit ratings of companies, stated Crisil. Crisil Rating Action Ratio, that indicates the relative frequency of upgrades and downgrades, has ...

Nasscom's concern about the currency fluctuation

Nasscom, the software lobbying body has stated that the currency movement is a serious concern and the same hinders planning process for the Indian software exporters. Ameet Nivsarkar, Nasscom Vice President (Global Trade Development) was quoted said to PTI, that ...

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