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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 ...
India Accounted 55 Global It Ites Sourcing Market

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 ...
Tcs Fails Cheer Investors Posts Posts Poor Results
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 ...
Hcl Tech Q1 Net Up 50 Percent
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 ...
Indian Markets Celebrates On Infy Gains
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 ...
Corporate India Profitability Ratings Under Threat
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 ...
Nasscom Concern Currency Fluctuation
Rupee hits 50 against dollar. Boon for IT companies
The partially convertible Indian Rupee trading at all-time lows against dollar, the level which was not seen after May 2009. Indian rupee fell sharply on Thursday and closed at 49.57/58, the lowest in 28 months as a sell-off in global ...
Infosys possibly on an acquisition mode. What should investors do?
Infosys Technologies, the second largest information technology company will be buying US-based information technology firm, according to a newspaper report by DNA. There was no mention of the target company's name but the deal ticket could be worth approximately $500-750 ...
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