UTVi Desk
HCL Infosystems to raise Rs. 825 Cr
Aug 17, 2009
HCL Infosystems has announced plans to raise funds for shaping the future growth plans of the company. Funds will be raised from issuance of convertible warrants not exceeding Rs. 325 crore, including premium, to promoters. In addition to...
Tags: HCL, IT, ITeS
Cognizant Sees Promise in New Verticals
Aug 05, 2009
Chandra Sekaran, president and MD (global delivery) of Cognizant says contribution from emerging vertical segments has increased and new geographies are contributing significantly.He said Cognizant would counter slowdown in banking, financial...
FBT Removal, MAT Hike will Have No Impact
Jul 08, 2009
Sudhakar Ram, MD of Mastek, and Carl Saldhana, CFO of First Source Solutions, believe that the budget has been fairly favorable for the IT sector. They say the FBT removal and MAT hike will not have much of an impact on the IT...
Extend Tax Relief to IT: JP Morgan
Jul 02, 2009
Bhavin Shah, JP Morgan spoke to UTVi about IT industry's expectations from the budget. According to Shah, the industry is plagued with some issues on the taxation front and pending their resolution, the growth trajectory would be...
What's Next at Satyam?
Jun 11, 2009
Corporate Affairs Minister Salman Khurshid has said that government nominees are no longer needed on the Satyam board.He said the Satyam board, which is meeting in Hyderabad today, can decide if the government nominees can leave the board. The...
GM bankruptcy: Impact on Indian IT
Jun 02, 2009
With General Motors filing for bankruptcy, analysts say the total outsourcing pie for Indian IT companies will decline by 25-30%. According to a source, GM accounts for $60-70 million accounts for Indian IT companies, annually and the Indian IT...
Tags: GM, TCS, Wipro
Top Satyam Executives Resign
May 25, 2009
Top executives from Satyam and its BPO unit have resigned following reports the company will hive off 8,000 staff. Sources told UTVi that following the Friday's statement by Satyam's new parent -- Tech Mahindra's CEO Vineet...
"We can Work it Out," Mahindra
Apr 14, 2009
Related links:   L&T Still Interested in Satyam Computer L&T leads Satyam Buyout Race L&T Not Averse to Upping Stake in Satyam Why is L&T Infotech keen on Satyam Tech Mahindra Gets Controlling Stake in Satyam
Satyam Deal: Win-Win Situation
Apr 13, 2009
The Indian IT industry has welcomed the Satyam-Tech Mahindra deal saying the acquisiton of Satyam (SATYAMCOMP) by Tech Mahindra (TECHM) is a win-win situation for the companies, employees and customers. Y M Deosthalee, chief financial...
THE BIG SALE:Three-horse Race for Satyam
Apr 13, 2009
Tech Mahindra has submitted its bid for Satyam Computer, Vineet Nayar, Vice Chairman, Managing Director and CEO, said. The bidders will submit their technical and financial bids to the government-appointed board of Satyam Computers  in...
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