News related to IT in Karnataka

• December 2006
  • Outsourcing: Beyond Bangalore
    After 10 months of working with software developers in Bangalore, India, Bill Wood was ready to call it quits. The local engineers would start a project, get a few months' experience, and then bolt for greener pastures, says the U.S.-based executive. Attrition rose to such a high level that year that Wood's company had to replace its entire staff, some positions more than once. "It did not work well at all," recalls Wood, vice-president of engineering at Ping Identity, a maker of Internet security software for corporations. Frustrated, Wood began searching for a partner outside India. He scoured 15 companies in 8 different countries, including Russia, Mexico, Argentina, and Vietnam.
    
    
  • Sasken Multimedia to power WNC's phones
    Bangalore-based Sasken Communication Technologies Ltd on Wednesday said it would provide its multimedia subsystem solutions to Wistron NeWeb Corporation (WNC) for use in WNCs next generation dual-mode (GSM+WiFi) phones.
    
    
  • Govt okays HDMC land for IT firms
    At long last, there is a ray of hope for small and medium IT/ITeS players planning to set up shop in Hubli. The state government has given the green signal for allotment of 50 acres of Hubli-Dharwad Municipal Corporation's land at Rayapur to the industry.
    
    
  • Infosys to up headcount by 5,000 in TVM
    Infosys has finalised plans for the next phase of operations in Kerala, with the company poised to develop its own campus near the technopark here.
    
    
  • Murthy receives TiE Entrepreneurship Award
    Chairman of the Board of Infosys Technologies Ltd NR Narayana Murthy was awarded the lifetime TiE Entrepreneurship Award for his contribution towards the Indian economy and for his exemplary business acumen.
    
    
  • Encore set to bag Brazilian laptop order
    Bangalore-based IT products company, Encore Software is in the race for providing cost effective laptops for the Brazilian government. The company, which holds the license for the 'Simputer', is pitted against the likes of Intel and Massachusetts Institute of Technology (MIT) for bagging a order from Brazil's education ministry.
    
    
  • Parthasarathy to replace B V Naidu as STPI Chief
    B V Naidu, director, STPI Karnataka and Andhra Pradesh, is likely to resign by the end of this month. Additional director J Partasarthy is said to succeed him.
    
    
  • Infy to start satellite office for young moms
    In a pilot program to make Infosys a more women-friendly, the company plans to open a satellite office on Dickenson Road in the heart of the city. The office, to be opened next month, is meant for young mothers and soon-to-be mothers who can connect to the corporate network and also avoid the painfully long commute to the Infosys campus in Electronics City.
    
    
  • Cisco gets ready to set up India hub in Bangalore
    When Wim Elfrink, chief globalisation officer, Cisco, first broke the news to his family that he was contemplating a move to Bangalore to start a new globalisation centre, his mother-in-law was extremely worried.
    
    
  • Infy becomes part of Nasdaq 100 index
    IT bellwether Infosys Technologies becomes part of coveted Nasdaq 100 club.With this, Infosys has now become part of the elite group comprising of Amazon.com, Google, Cisco, Red Hat, Autodesk, eBay, Juniper Networks, Yahoo, Netscapes, Oracle and Apple Corporation.
    
    
  • Wipro to hire 200 people in Finland's Saraware
    IT major Wipro will hire additional 200 employees in Finland-based Saraware Oy, a design and engineering services provider which it acquired this year for Euro 25 million.
    
    
  • Satyam launches ODC in Bangalore
    Satyam Computer Services today announced the launch of 40-seater Offshore Development Center (ODC) at its campus here. The center will provide Sony Europe with SAP application development and support, enterprise application integration (EAI), and testing services across its entire business - sales and distribution, warehouse management, finance, and business intelligence systems.
    
    
  • Unisys, Wipro form global alliance
    Unisys Corporation today announced a global alliance with Wipro Technologies, to establish an integrated means to execute go-to-market and delivery activities for managed services. The two companies will seek opportunities to provide a range of IT services, drawing on their complementary strengths, to enterprise and public sector clients.
    
    
  • Infosys sees itself as a model for global markets
    First came orientation at the Hyatt Regency in Burlingame -- name tags for all, a buffet of pasta, sushi and apple pie, the quick rundown on company goals and ethics. Then the recruits prepared to climb aboard three jet airliners for the 30-hour journey to Bangalore, headquarters of their new employer, Infosys Technologies.
    
    
  • LSI Logic snaps up Agere Systems for $4 bn
    Semiconductor solutions provider LSI Logic, headed by Intel veteran Abhi Talwalkar, has announced that it would acquire Agere Systems, the former chip division of Lucent Technologies for $4 billion in stock.
    
    
  • EMC opens security division in Bangalore
    Tech major EMC’s security division RSA on Monday inaugurated its development centre in Bangalore. Part of the committed investment of $500 million by the parent company, the new centre will focus on delivering a portfolio of security solutions and spearhead the development and delivery of the common security platform (CSP).
    
    
  • Murthy supports Bharti''s JV with Wal-Mart
    The recent Joint Venture between Sunil Mittal's Bharti and American retail giant Wal-Mart has the support of the chief mentor of Infosys, N R Narayana Murthy.

    Talking to the media at the sidelines of an international conference on 'managing technology innovation in IT', organised by the Institution of Engineering and Technology (IET), Narayana Murthy supported the Joint Venture between Bharti Enterprises and Wal-Mart, saying the Indian partner would benefit from the world's largest retail chain's expertise and technology.
    
    

  • Nandan is Forbes businessman of the year
    Close on the heels of getting the coveted `IT person of the year 2006’ award from Dataquest magazine, Nandan Manohar Nilekani CEO of Infosys has been chosen as the 'Businessman of the year' for 2006 by Forbes Asia for his track record in keeping Infosys ahead of its peers in the global outsourcing phenomenon.
    
    
  • Narayana Murthy stresses on innovation mantra
    Infosys Technologies Chief Mentor N R Narayana Murthy today opined that innovation cannot be achieved unless an organisation created a pluralistic, intellectually curious and competitive environment.
    
    
  • Infy top management sell Rs 863 cr worth shares
    N R Narayana Murthy, non-executive chairman of the company has sold 4.5 lakh shares, Nandan Nilkeni CEO of Infosys sold 11.81 lakh shares while chief operating officer S Gopalakrishnan sold 8.86 lakh shares.

    Meanwhile Chief Financial Officer V Balakrishnan has sold 1,854 shares, K Dinesh 6.50 lakh shares, TV Mohandas Pai sold 54,727 shares, Shibulal has sold 3.48 lakh shares and Srinath Batni 25,000 shares also participated in the issue.
    
    

• November 2006
  • e4e partners with Datacom
    e4e, the next generation business services provider, and Datacom, the largest independent, professional IT services provider in Australasia, today announced a strategic partnership to serve the needs of global customers within Asia-Pacific.
    
    
  • Wipro ready to adopt Microsoft office 2007
    Wipro Technologies today announced its readiness to help customers adopt Microsoft’s newly released 2007 Microsoft Office system, Exchange Server 2007 and the Windows Vista operating system.
    
    
  • Sasken-TI to power low cost phones
    Sasken Communication Technologies Limited has announced that its application framework ARIA has been successfully integrated on to Texas Instruments’s (TI's) "LoCosto" single-chip value platform.
    
    
  • Fire breaks out in Infosys hostel building
    A fire broke out in the basement of Infosys hostel building in the Rajiv Gandhi Chandigarh Technology Park here this evening, destroying property, Fire Brigade sources said.
    
    
  • Disabled finding feet in IT sector
    These are exciting times for Ankit Jindal and Ranjini Ramanujam. A few months into their jobs with Infosys BPO, the duo enjoys their work. And their disabilities never get in the way. “I feel a lot more motivated now,” says Ankit, who is visually challenged.
    
    
  • Kumaraswamy cautions corporates against neglecting local talent
    Karnataka Chief Minister H D Kumaraswamy today cautioned industrialists from the State that if local talent was continuously neglected in employment opportunities, it would snowball into a major social problem in the future.
    
    
  • Wipro alleged of "Dating Allowance"
    Gaurav Nigam, Software Engineer in Wipro Technologies Limited, today denied existence of 'Dating Allowance' in Wipro and accused his wife Tripti Nigam of beating him while she was staying with him.
    
    
  • Investors shy away from IT Park
    The government's initiatives to take information technology (IT) to Tier-II cities may well seem halfhearted if one goes by the fate of the state-of-the-art IT Park here. There are virtually no takers for more than 2 lakh sqft of space ready for occupation.
    
    
  • PromoMadrid delegation in Bangalore to woo IT and BT companies
    A delegation of PromoMadrid, a business promotion concept of the Madrid Regional Govt of Spain is currently in India to woo Information Technology and Biotechnology firms to set shop in the region.
    
    
  • Infosys ADS offer put at 1.6 billion Dollars
    In the largest ever offering to foreign investors from India, shareholders of Software major Infosys Technologies have successfully completed a sponsored secondary offering of 30 million American Depository Shares (ADS) at a price of US dollar 53.50 per share to aggregate US Dollar 1.6 billion.
    
    
  • Infosys eases grading system for trainees
    Trainees at the Infosys Mysore campus can now heave a sigh of relief. The company has implemented a new training policy based on the cumulative grade point average (CGPA).
    
    
  • Subex Azure launches risk management solution
    Subex Azure Ltd, a revenue maximisation solutions provider for telecom operators, has announced launching a new risk management solution. The Subex Azure Risk Management System (SARMS) helps telecom operators assess the liability or risk posed by its customers - from initial credit assessment and service activation to ongoing usage and payment or late payment recovery cycles, a company release said.
    
    
  • Infy owners offer to sell stake in ADS
    Infosys Technologies' promoters have offered a part of their shareholdings in the recent sponsored American Depository Shares (ADS) issue and, if all of these is accepted, they will have earned some several hundred crores of rupees.
    
    
  • Subex Azure in Deloitte Tech Fast 50 Cos
    Subex Azure Ltd, a revenue maximisation solutions provider for telecom operators, has been chosen in the 'Deloitte Technology Fast 50 India 2006' for the second consecutive time. Deloitte Technology Fast 50 India programme recognises leading technology, media, and telecommunications companies in India and the award is based on parameters like consistent revenue growth year on year, ownership of proprietary technology.
    
    
  • Infinite Computers bags contract from Bangla firm
    The city-based Infinite Computer Solutions (I) Pvt. Ltd., a leading global IT solutions and services provider, has bagged a major consulting and implementation contract from the Beximco Group, the largest private sector industrial conglomerate in Bangladesh.
    
    
  • iGATE signs strategic pact with Radian Group of US
    iGATE Global Solutions, an integrated technology and operations company, today announced signing a technology services agreement with innovative credit solutions provider Radian Group of the US.
    
    
  • MindTree strengthens board of directors
    IT and R&D services company MindTree Consulting today announced the inclusion of five independent directors to its Board of Directors. The new MindTree Board would comprise 10 directors. The five new members who will function as independent directors are Dr Albert Hieronimus, managing director of Motor Industries Co. Ltd. and chairman of Robert Bosch India Ltd., George Scalise, president of Semiconductor Industry Association (SIA), Mark Runacres, consultant in a range of fields, including at The Energy and Resources Institute (TERI), N Vittal, former chief vigilance officer and an accomplished public administrator and R Srinivasan, former managing director of Widia (India) Ltd.
    
    
  • Torry Harris sets up R&D cell for SOA
    Torry Harris Business Solutions (THBS), an IT services provider with focus on middleware technologies, today announced the formation of an in-house R&D cell for Service Oriented Architecture implementation solutions. Anurab Ghosh, CTO of the company, will head the R&D cell.
    
    
  • Tejas Networks acquires fourth round of funding of 20 M dollars
    Aiming to emerge as a global one stop shop for all optical network transport products, Tejas Networks today announced raising of a D series of equity funding to the tune of 20 million US Dollars. Led by Sandstone Capital, a Boston based India focused Fund, the fund would also include contribution from existing share holders.
    
    
  • Indian stakeholders concerned over Infosys' ADR issue
    The Indian shareholders of the IT giant Infosys today expressed grave concern over the company's decision to come out with its sponsored secondary American Depository Receipt (ADR) issue saying that it will lead to the return of the 'East India Company' in the country.
    
    
  • Wipro enables migration to Windows Vista
    Wipro Technologies, the global IT services business of Wipro Limited, today announced that it is the first organisation to join the Application Compatibility Factory (ACF) to enable enterprise customers worldwide to migrate their applications from their existing platform to Windows Vista from Microsoft Corp.
    
    
• October 2006
  • Bangalore IT.in: HR conf on talent sourcing
    With attrition rates in the IT sector recording a continuously increasing trend despite the attractive package, the Conference of Human Resources, being organised as part of the IT mega exposition 'Bangalore IT.in' here, will focus on talent sourcing and retention.
    
    
  • B'lore IT.in: WB woo Knowledge industry in big way
    West Bengal, one of the fastest growing State and recipient of the second highest inflow of investment in India, is aggressively wooing the Information Technology industry by offering various sops and the highly talented mind power.
    
    
  • Strong fundamentals fostering IT revolution: HDK
    Strong fundamentals for fostering Information and communications technology and over a million highly talented IT professionals had led to the country commanding global attention in the sector, Karnataka Chief Minister H D Kumaraswamy said.
    
    
  • New generation of leaders ready: Nandan
    We are making sure we have a whole crop of people who can take charge of this company over the next several years. It is reasonable to assume that leadership will be taken by new generation of leaders, says Nandan Manohar Nilekani, CEO and MD, Infosys.
    
    
  • Kannada activists mar start of Bangalore IT.in
    The inaugural ceremony of Karnataka’s showcase IT event Bangalore IT.in 2006 was marred by a few Kannada activists armed with black flags and shouting slogans, “Down with IT and BT.” They marched close to the podium minutes before the opening, taking organizers and the guests including Karnataka CM HD Kumaraswamy, Sir Michael Arthur, the British High Commissioner to India, and state government officials by surprise.
    
    
  • Nandan Nilekani is IT person of the year
    Infosys CEO and Managing Director Nandan Manohar Nilekani won the coveted `IT person of the year 2006’ award by Dataquest Magazine. The Dataquest Awards for 2006, which took place in the Capital on Thursday recognized Nilekani’s contribution to the IT industry.
    
    
  • Bangalore IT.in opens tomorrow
    Top IT firms from across the globe will join their counterparts in India in showcasing their latest products and services in the annual tech event, "Bangalore IT.in 2006" which would be opened here tomorrow. Around 300 Indian and MNCs, including 175 from about 18 countries and 16 state governments would take part in the exposition that would also project Brand Bangalore's IT dominance, senior officials told reporters here.
    
    
  • Wipro bets big on small cities
    Riding on surging demand for IT in the domestic market, Wipro Infotech is seeking to grow its PC business. Apart from leveraging on the growth traction from the enterprise segment, the company will expand its focus on the non-metro regions for its PC business.
    
    
  • Wipro Infotech acquires 3D Networks
    Wipro Infotech, the India, Middle East and Asia Pacific IT business unit of Wipro Ltd, announced that it has signed an agreement to acquire India, Middle East and SAARC operations of 3D Networks and Planet PSG in an all-cash deal.
    
    
  • iGate to expand in Bangalore, Hyderabad
    iGate Global Solutions is on an acquisitive mode of a different kind. The company is on look out to expand its operations in Bangalore and Hyderabad. And if the governments of Karnataka and Andhra Pradesh accept iGates’ request, then the company would soon hold an additional 25 acre of spaces in both Bangalore and Hyderabad.
    
    
  • Infosys selects SAP Solns for RFID
    Infosys Technologies today announced that it has implemented SAP solutions for RFID for CHEP’s Global Track and Trace System. According to an Infosys statement, CHEP expects to use this system to provide real-time visibility to its customers for their products as well as for tracking assets on which these products are shipped.
    
    
  • Bangalore Cyber crime lab to open in November 2006
    The Nasscom supported cyber crime lab will open in the first week of November in Bangalore. Speaking to CyberMedia News, Sanjay Vir Singh, Deputy Inspector General of Police, Economic Offenses, Corp of Detectives (COD), Bangalore, said that the lab will be a public-private partnership initiative.
    
    
  • Infosys selects SAP Solns for RFID
    Infosys Technologies today announced that it has implemented SAP solutions for RFID for CHEP’s Global Track and Trace System. According to an Infosys statement, CHEP expects to use this system to provide real-time visibility to its customers for their products as well as for tracking assets on which these products are shipped.
    
    
  • CII-Infy launch plan to build 100 'billion $' MNCs
    'Towards 100 Indian "Billion $" MNCs - a joint programme of the Confederation of Indian Industry (CII) and Infosys - was launched at the National Conference on Globalization - Emerging Indian MNCs in New Delhi recently.
    
    
  • Wipro suffers highest attrition rate
    IT major Wipro is facing a high attrition rate at 17.8 per cent during the last 12 months, despite offering one of the better compensation packages to its employees.
    
    
  • Premji looks for acquisitions in consumer care
    Acquisitions would continue to be a dominant theme for Wipro. The company is now honing on large acquisitions, says Wipro chairman Azim Premji. “The growth rate of revenues in our acquisitions is significantly ahead of the company’s growth rates. We intend to look at large deals,” he added. Typically, Wipro has done deals in the $20 million to $25 million range (cost of acquisition).
    
    
  • Wipro registeres Rs 700 Crore profit during Second Quarter
    IT major Wipro Limited has registered a 46 per cent growth in profits on Year on Year (YoY) to Rs 700 Crore and the company's revenue has grown up by 41 per cent on YoY stood at Rs 3,546 Crores during the second quarter ended September 30.
    
    
  • RELQ opens new facility in Bangalore
    Software testing services firm RelQ Software today opened a new 40,000 sq.ft facility here that could seat 400 testing engineers.
    
    
  • iGATE Q2 net up 80 p.c
    iGATE Global Solutions today reported that its net profit for the second quarter ended September 30 had increased 80 per cent to Rs 10.1 crore from Rs 5.6 crore posted for the year-ago quarter. Revenue for the second quarter FY07 grew 30 per cent to Rs 202.6 crore, compared to Rs 155.8 crore in the corresponding quarter last year. EPS grew to Rs 3.26 from Rs 1.57 in the same quarter previous year.
    
    
  • New services boost Infy top line
    The topline growth for Infosys in the quarter came on the back of a robust growth in new and high-end services, such as consulting, testing, package implementation and business process management. Among the verticals, telecom & banking and financial services were the prime growth drivers. The revenue share of these services and verticals also witnessed an increase, compared to the previous quarter.
    
    
  • Infosys subsidiaries still not standing on their feet
    The subsidiaries of Infosys Technologies are still in the investment stage, with two of the four units posting losses, though the company is hopeful of a turn around in a couple of quarters.
    
    
  • New services boost Infy top line
    The topline growth for Infosys in the quarter came on the back of a robust growth in new and high-end services, such as consulting, testing, package implementation and business process management. Among the verticals, telecom & banking and financial services were the prime growth drivers. The revenue share of these services and verticals also witnessed an increase, compared to the previous quarter.
    
    
  • Apache expands India operations
    Apache Design Solutions, an EDA software supplier of next generation silicon integrity platforms for low-power, high-performance system–on–a-chip (SoC) designs, today announced expansion plans for its Indian operations as part of the company’s overall global expansion strategy.
    
    
  • Infosys to scale to $3 bn revenue in 2006-07
    Software major Infosys today revised its guidance for the current fiscal upward and expected to cross dollar three billion registering a 45.5 to 46 per cent growth. Announcing the results for Q2 for 2006-07, CEO and Managing Director Nandan M Nilekani said ''our robust organic growth coupled with investments in various strategic areas helped us to grow faster''.
    
    
  • IT majors not attracted to Hubli
    Hubli City becoming the next destination of the IT industry after Bangalore, Mysore and Mangalore, still appears a distant dream as no major IT company seems keen on starting operations here.
    
    
  • IT tenants’ envy
    The ITP, owned and maintained by the State government through KEONICS, has the goal of giving an impetus to the growth of electronics and the IT industry in the backward districts of the region.
    
    
• September 2006
  • Most IT cos to remain closed in Bangalore
    Many IT companies in Bangalore have decided to play it safe by declaring a holiday on October 4, on account of the state-wide bandh call given by pro-Kannada organizations in Karnataka.
    
    
  • Enzen Global eyes inorganic buys
    Bangalore-based consulting and product engineering company, Enzen Global is on the lookout for potential companies that could bring in domain expertise to the company’s business segments.
    
    
  • Infosys partners with US firm to re-launch website
    IT major Infosys Technologies on Thursday said it has partnered with US-based chemicals and plastics manufacturer Eastman Chemical Company to re-launch their website www.eastman.com. Infosys will help Eastman to design, develop and deploy the site, to give the site a new look, Infosys said.
    
    
  • Wipro's engg arm acquires Sweden-based Hydrauto AB for USD 31 mn
    Wipro has acquired 100 per cent equity of the Sweden-based Hydrauto Group AB for a consideration of USD 31 million, in an all cash deal. Announcing this, the company's release said the acqusition was made through its engineering subsidiary Wipro Infrastructure Engineering (WIN) - a precision engineered Hydraulic components and solutions in India.
    
    
  • Wipro allots over 25,000 equity shares to JP Morgan Chase
    Besides, the company will allot 78,840 equity shares of Rs 2 each, pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options.
    
    
  • Infosys Q2 results on October 11
    IT major Infosys Technologies Ltd today said its Board will meet on October 11 to consider financial results of the company as per Indian GAAP for the second quarter and half year ending September 30, 2006.
    
    
  • Big bounty for Infy's creamy layer
    How do you retain the creamy layer at the top in a highly competitive market, especially when you have put your storied ESOPs on the back-burner? Infosys Technologies has come up with a lucrative ‘deferred bonus scheme’ for senior executives in the associate vice-president, vice-president and senior vice-president grades. The payouts are impressive, ranging from $20,000 (Rs 9.2 lakh) to $1,25,000 (Rs 57.5 lakh) per year.
    
    
  • Sonata acquires majority stakes in TUI infotec
    Sonata Software Limited today announced acquisition of majority stake of 50.1 per cent in the Germany based TUI Info Tech in an all cash deal of 18 million euros. The acquisition would help Sonata spread its wing in Germany besides increasing its presence in Europe, Sonata President and Managing Director B Ramaswamy told newsmen here.
    
    
  • OnMobile deal values Infosys stake at $30m
    Infosys’ investments in start-ups could be raking in the moolah, finally. The technology behemoth, which incubated mobile value-added services (VAS) player OnMobile with a below $5m investment, is now witnessing its 12-13% stake in the company valued at around $30m
    
    
  • Premji discusses Wipro's plans with Buddhadeb
    Wipro Ltd Chairman Azim Premji and West Bengal Chief Minister Buddhadeb Bhattacharjee today discussed the company's expansion plans in the state during a CII meet here. Mr Premji and Mr Bhattacharjee met in the sidelines of the CII -sponsored interactive session between the Chief Minister and industry captains.
    
    
  • Aztec 7th among top 20 IT employers
    Bangalore-based Aztecsoft Limited, offshore product engineering, independent testing and quality engineering company, has been rated the seventh in the top 20 IT employers of the year in India.
    
    
  • E4e eyes $100-m revenue by 2007
    Hitching its future growth on its business model of Services-on-tap, Bangalore-based IT services company e4e Inc is hoping to close in revenues of $100 million by the end of 2007. Sridhar Mitta, founder, CTO and MD, e4e Inc., was confident of touching this milestone given the current revenue rate of $60 million. “When we started the company in 2000, we decided that we would take half the time that Wipro and Infosys took to reach the $100 million mark. These companies did it in fifteen years and we will do it in 7.5 years.”
    
    
  • Wipro pioneers W-CAF on Netweaver
    Wipro Technologies the global IT services division of Wipro Limited announced the launch of the Wipro - composite application factory (W-CAF), as a new service line to customers to facilitate the phasing out of legacy, third party and best-of-breed applications in a cost-effective way, from any system landscape.
    
    
  • Karnataka IT Secy to move out
    Dr Anup K Pujari, principal secretary, department of IT, BT, Science and technology, Government of Karnataka, is likely to be transferred from his current post. According to sources, a government order has been issued stating that Pujari would be moving to Delhi take up the role of joint secretary, department of economic affairs. He was not available for comment.
    
    
  • Infosys implements PeopleSoft Enterprise Applications at Nissan
    Infosys Technologies Limited and Oracle today announced the successful 'go-live' of an Oracle PeopleSoft 8.8 implementation at five Nissan North America locations, spanning the US, Canada and Mexico.
    
    
  • Vignani gets $4 million funding
    Value engineering services provider Vignani Technologies Pvt Ltd, will receive venture funding to the tune of $4 million from a group of VCs including Intel Capital, JAFCO and KT Venture group. Speaking exclusively to CyberMedia News, Kumar Ramachandran, MD, Vignani Technologies, said that the funding would fuel the company’s infrastructure expansion, ramp up its sales force and resources and also help in attracting scientific talent to the company.
    
    
  • Dena Bank finalises Wipro as its partners for CBS
    Dena Bank has finalised Wipro as its partners for implementing the core banking solutions (CBS) in its branches. Talking to the media on the sidelines of launching the rupee drawing arrangement with UAE Exchange House in UAE here today, the bank Chairman and Managing Director P L Gairola said, ''Initially the CBS will be implemented in 10 branches of the bank as a pilot project and soon it would be implemented to all the branches of the bank. The deal is worth Rs 300 crore.
    
    
  • China no threat to Indian IT model: Infosys
    Infosys Technologies, which is a contender to break into Nasdaq-100 by year-end based on its market capitalisation, doesn’t believe that China would prove to be a threat to the Indian IT model.
    
    
  • Indian IT cos' $1m client list grows
    Indian IT companies are storming the $1m bastion in a big way by mining a greater wallet share of the same client. Today, biggies such as Infosys have 47% of their clients contributing over $1m to their annual revenue while Wipro has 41%. Similarly, TCS has 34% while even a smaller player such as Hexaware has 26%.
    
    
  • MindTree warns jobseekers against fraud resumes
    In an apparent bid to check the growing menace of submitting false resumes and similar breach of integrity, IT consulting firm MindTree Consulting today came out with a book, All About Integrity.
    
    
  • Infy renames Progeon as 'Infosys BPO'
    IT major Infosys Technologies Ltd today said its business process outsourcing subsidiary, Progeon Ltd, would be renamed Infosys BPO Ltd.
    
    
  • Wipro launches e-waste disposal service
    Wipro Infotech has institutionalised and launched an e-waste disposal service for its customers. The company which had been actively working on this issue since August 2005, said in a release here that it had identified suitable disposal mechanisms, created service points across the country, identified technically competent disposal agencies and set up a complete process for disposal of e-waste.
    
    
  • Infosys to increase investment in EMEA
    Software major Infosys Technologies today announced the expansion of its nearshore capability at Brno in the Czech Republic, with the setting up of a new 350-seat facility that would become operational from January next year.
    
    
  • Infy's market cap crosses Rs 100,000 cr
    IT bellwether Infosys Technologies entered the elite club of Rs 1 trillion market-cap firms, joining the ranks with market giants ONGC, Reliance Industries and National Thermal Power Corporation (NTPC). The market capitalisation of Nasdaq-listed Infosys crossed Rs 100,000 crore to touch Rs 1,00,148 crore on Thursday evening, making the country's second largest software exporter as the fourth company in the Indian capital market with a market cap of over a trillion rupees.
    
    
  • Wanted: Wealth manager for Premji
    Mrinimoy Das, chief investment officer of Azim Premji Investments, has quit. The reason for Das’s quitting Premji Investments is not immediately known. However, industry sources consider two possibilities: difference of opinion; plans to launch own venture as the reason behind Das’s resignation.
    
    
  • Narayanamurthy agrees to head State vision group
    Software major Infosys non excutive chairman N R Narayanamurthy has agreed to head the Karnataka State Vision Group. Mr Narayanamurthy who retired as Chairman of the Company on August 20 had in a letter dated August 26 accepted Karnataka Chief Minister H D Kuamraswamy's invitation to head the Vision Group.
    
    
  • IT majors spot a slot in the limelight
    As the outsourcing pie is getting bigger, Indian IT giants like Infosys and Wipro are now pushing their branding initiatives aggressively, though not on the scale of the global giants, but effective in their own way. These typically involve creating user groups, sending out white papers and participating in conferences and meets, where the decision makers congregate.
    
    
  • Infy ups LIC cover to shield talent
    The largest group life insurance policy in India just got much larger. In a bid to retain talent, Infosys Technologies has widened the scope of its group cover with Life Insurance Corporation and has hiked the sum insured from Rs 6,000 crore to Rs 10,026 crore.
    
    
• August 2006
  • MindTree eyes $70 mln Indian IPO in early 2007
    Venture capital-funded MindTree Consulting, a mid-sized software services exporter, expects to raise about $70 million through a local initial public offering early next year, its top official said.
    
    
  • Infy employees hit the Jubilee jackpot
    It is bonanza time for the 55,000 odd employees of Infosys Technologies. On Wednesday, they collected cheques ranging from Rs 25,000 to Rs 3/3.5 lakh as the company disbursed Rs 126 crore as a one-time payout to ring in Infy’s silver jubilee year.
    
    
  • Infy slaps fine on board member for breaching code
    IT Bellwether Infosys Technologies has slapped a fine of Rs 5 lakh on Srinath Batni, director of the company, for breaking the company's code of conduct. The company, in its statement to United States Securities and Exchange Commission, said that, on August 14, 2006, Batni, an executive director of the company, sold 10,000 equity shares of the company.
    
    
  • Steps assured to promote Mysore as IT destination
    Karnataka IT, BT and Science and Technology Principal Secretary Anup K Pujari today assured necessary help to project Mysore as the best destination for IT development. Inaugurating a seminar on 'Technology Adoption for Increased Productivity', organised jointly by the Mysore Chamber of Commerce and Industdries and Processware System Pvt Ltd here, he recalled the Chief Minister's 'Brand Bangalore is the best' slogan, under which plans were afoot to develop not only Bangalore but also Mysore as IT destinations. The IT industry must also be taken to the rural sector and its benefits must reach the people, he opined.
    
    
  • Infosys ranked fastest growing TSP in US
    Infosys Technologies Limited, a world leader in consulting and information technology services, today announced that it was ranked as the fastest growing technology and service provider (TSP) to the US financial service market by Gartner, a leading research and analyst firm.
    
    
  • C ya, NRN!
    Has my father said all the usual things like integrity, honesty, humility, simplicity? Narayana Murthy’s son Rohan quizzes deadpan as we prepare to wind down a leisurely, hour-and-a-half long interview at their simple, modest house in the leafy Bangalore suburb of Jayanagar.
    
    
  • Bomb scare at Wipro sends administration into tizzy
    A bomb scare in sunshine sector's Wipro campus proved to be a hoax after five and a half hours of intense search. Inspector General of South Bengal Surajit Kar Purokayastha told reporters, ''Our bomb squads and two sniffer dogs have been deployed and most of the campus area has been combed but nothing has been found. Most probably this was a hoax but we cant take any chances.'' Meanwhile, a Wipro employee said that an anonymous call that came in the afternoon threatened that the bomb will explode in the building by 2215 hrs tonight.
    
    
  • NRN was requested to firm up roadmap for K'taka's Knowledge sector: HDK
    Karnataka Chief Minister H D Kumaraswamy tonight announced that Infosys Chief Mentor N R Narayana Murthy has been asked to firm up road map for the development of State Knowledge Sector.
    
    
  • WebMethods expands Bangalore facility
    webMethods Inc., a business integration and optimization software provider, today announced the formal opening of its expanded India Development Center (IDC) here. Since launching the center in 2004, webMethods has grown its presence in India as a core component of its strategy to accelerate and expand product development in support of the company's product suite, webMethods Fabric.
    
    
  • Infovision to be held in Bangalore from Sept 28
    Infovision, a global summit for the knowledge industry and knowledge society, will be held here on September 28 and 29, attracting prominent speakers from India and abroad. The summit, the second to be held, was an intellectual confederation of all stakeholders, academia, industry, Government and user groups to meet as partners and develop an unified framework and formulate strategies for capitalising knowledge for performance.
    
    
  • Pradeep Kar is TiE Bangalore president
    The Indus Entrepreneurs (TiE) announced the appointment of Pradeep Kar, founder and CEO of Microland, as president of its Bangalore chapter.
    
    
  • Wipro first global company to cross 100,000 SDN points
    Wipro Technologies, the global IT services business of Wipro Limited, today became the first Company globally to cross 100,000 points on SAP Developer Network (SDN).
    
    
  • BEA Systems to have biggest development centre in India
    Enterprise infrastructure software provider BEA Systems today opened its new facility here and announced that this would soon become its largest R&D center. The company now has around 360 employees and plans to increase the headcount to 545 this year.
    
    
  • Narayana Murthy pushes for increased domestic IT spending
    India needs to triple its investment in Information Technology spending, if it has to accelerate its growth, IT bellwether Infosys Chairman and Chief Mentor N R Narayana Murthy has opined.
    
    
  • Narayana Murthy to be busybee even after retirement
    Life will be the same for IT honcho N R Narayana Murthy even after retirement on August 20 on his attaining superannuation. ''I will continue to do what I have been doing. I am already on the board of some companies...I have joined some more. I travel abroad 20 to 22 days a month, I will continue to do that,'' the software major Infosys Chairman and Chief Mentor told UNI here.
    
    
  • Narayana Murthy vouches for US education pattern
    IT titan N R Narayana Murthy today gave a call for changing the methods of learning in India by focusing on problem solving, solutions and relating it to the real world, like in the US.
    
    
  • Premji sixth richest IT titan in Forbes list
    Wipro chairman, Azim Premji, has been recognized as the world’s 10 richest tech titans by Forbes business magazine. Forbes places Premji at the sixth place saying his net worth as $13.3 billion, ahead of Google founders Sergey Brin and Larry Page, and founder of SAP Hasso Plattner.
    
    
  • Narayana Murthy retires from Infosys
    Bringing his illustrious corporate career to an end, IT major Infosys Chairman N R Narayana Murthy today retired from the service of the company, which he had launched as a small firm in the city in 1981 and took it to enviable heights in the last two and a half decades.
    
    
  • Curtains to come down tomorrow on NRN's first innings in Infosys
    For Mr N R Narayana Murthy, tomorrow would mark the end of an illustrious first innings in IT bellwether Infosys Technologies Limited when he would step down as its Executive Chairman on his attaining superannuation.
    
    
  • Infotech to open new facility in Bangalore
    Infotech Enterprises plans to open a new facility in Bangalore.The company performed the "Bhoomi Pooja" in the two-acre land at Electronic City, Bangalore.
    
    
  • Dell to double R&D team in Bangalore
    Computer maker Dell is reaping the benefits from its development center here, which was set up in 2003. The company has so far filed 145 information disclosures including software patents. Dr Vivek Mansingh, country manager and director, Dell India R&D center, said that the company, which has 300 engineers at its center, would double its team by the end of the year.
    
    
  • Cheat us, but give us experience certificates
    Young graduates wanting to get into the IT industry but lacking the experience and skills to enter the portals of the IT biggies and mid-size companies, join IT firms that promise to train them on the job and then absorb them within the company.
    
    
  • Freescale expands in Bangalore
    Freescale Semiconductor has announced the expansion of its India operations with a new 100,000-square-foot facility in Bangalore to support Freescale’s research and development in software for wireless technologies.
    
    
  • Wipro won't sack NRI for torturing wife
    Washington-based Wipro employee Yogesh Patil who has been arrested on charges of abetting his wife’s suicide will continue to be treated as a Wipro employee till the charges against him are proven.
    
    
  • K'taka CM urges IT cos to provide jobs to locals
    Karnataka Chief Minister H.D. Kumaraswamy urged IT and biotech (BT) firms in the state to provide jobs to the local population.
    
    
  • Wipro BPO seen scouting for overseas buyout
    Is Wipro BPO gearing up for a big one? If sources are to be believed, the company, which is a third-party BPO unit of software major Wipro, is exploring options of acquiring a company overseas.
    
    
  • Enjoy success but do not let it go to head: Azim Premji
    One must enjoy winning but should not let it go to the head, says Azim Premji, the promoter of Wipro. "You win some and lose some. You must enjoy winning. But do not let it go to the head. The moment it does, you are already on your way to failure," Premji said while addressing the Indian Institute of Technology convocation.
    
    
  • NRN against dilution of RTI Act
    Infosys Technologies Chairman and Chief Mentor N R Narayana Murthy on Friday made a strong case against any dilution of the Right to Information Act (RTI).
    
    
  • IT cos start outsourcing business development
    Twenty-seven Bangalore-based employees of European IT services major LogicaCMG are involved in functions such as market research, knowledge process outsourcing, content writing, collateral building and working out marketing propositions.
    
    
  • Wipro eyes acquisitions, expansion in China
    India's third-largest software services exporter, Wipro Ltd., is eyeing more foreign acquisitions to accelerate growth and plans to expand operations in China, its chief financial officer said on Thursday.
    
    
  • WB Govt likely to submit land proposal to Infosys in 10 days
    The West Bengal government is likely to submit a formal proposal to Infosys Technologies Ltd for land required for setting up its IT and IT-enabled projects in Kolkata in the next eight to 10 days time.
    
    
  • How Infosys grooms its future leaders
    Great companies can neither be built nor their greatness sustained without great leaders. A Reliance would not have been possible without a Dhirubhai, nor an Infosys without a Murthy.
    
    
  • Infosys calls for industry focus on education
    IT services major Infosys is doing its bit to improve the lot of students from economically disadvantaged sections of society. Mohandas Pai, Infosys head of HR, said that the company had chosen hundred young unemployed engineers from disadvantaged sections for a six-month training at IIT Bangalore.
    
    
  • Asom govt woos Infosys to set up a campus
    The Asom government today urged Infosys Technologies Limited chief mentor N R Narayana Murthy to open a campus in the state.
    
    
  • Centre agrees to set up STPI centre at Gulbarga in Karnataka
    The Centre has agreed to set up a Software Technology Parks of India (STPI) centre at Gulbarga in Karnataka for which the State Government has to make available land and grant-in-aid.
    
    
  • Wipro and Motorola launch 'WMNetServ'
    Wipro and Motorola entered into a joint venture (JV) today to deliver world-class capabilities in managed services to public and private network customers. Named as 'WMNetServ', the JV aims at delivering outsourced telecom services to help customers focus on their core business and gain access to capabilities not available internally.
    
    
  • BT, Wipro team up for mobile workforce management
    BT and Wipro Technologies, the Global IT Services Division of Wipro Limited have signed a licensing and advanced development deal to jointly develop an advanced mobile/remote workforce management system.
    
    
  • Infy can offer feedback to Govt for good of industry: Ahluwalia
    Feedback from companies like Infosys Technologies will help the Government serve better, said Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, at the Global Education Centre in Mysore on Monday.
    
    
  • Infosys rings NASDAQ opening bell from Mysore
    Infosys Technologies Limited today opened The NASDAQ Stock Market from the Infosys campus in Mysore, India. The event marked the first time that The NASDAQ Stock Market was opened by a company in India. Broadcast live from the Infosys campus in Mysore, India to NASDAQ's MarketSite tower in Times Square, New York City, the opening signaled that the world is flattening and India is part of the global economic community. Infosys was the first Indian company to be listed on the NASDAQ in 1999.
    
    
  • US graduates join Infy Global Talent Program
    Infosys Technologies Ltd today announced the arrival of 126 new hires from universities in the United States as the first batch of the Infosys Global Talent Program (GTP).
    
    
• July 2006
  • Infosys awaiting final proposal from WB govt
    Infosys is awaiting for a final proposal from the West Bengal government for land required for setting up its IT and IT-enabled projects in Kolkata, its Chief Operating Officer (COO) S Gopalakrishnan has said.
    
    
  • Infosys emerges multi-ethnic, multi-culture employer
    Shedding its desi garb, software major Infosys has emerged a multi-ethnic, multi-culture employer by recruiting foreigners and scouting for more talent across the globe, with 98 per cent of its revenue coming from exports.
    
    
  • "IBM is a legacy, Infosys is the future"
    Union Finance Minister P Chidambaram, who was the chief guest at the Infosys 25 years celebrations here, said that the success of Infosys as a great enterprise had made all Indians proud and has placed India among the frontline nations of the of the world in software and technology.
    
    
  • Rs 126 crore bounty announced for Infoscions
    IT bellwether Infosys today announced a Rs 126 crore bounty to its over 50,000 employees to mark its silver jubilee celebrations. Announcing the bonanza at the inaugural of the year-long silver jubilee celebrations of the company, Infosys Chairman and Chief Mentor N R Narayana Murthy said the trustees of Infosys Employees Welfare Trust had decided to donate from the corpus Rs 126 crore to all the beneficiaries
    
    
  • Infosys facility has Chidambaram in awe
    A trip to the sprawling Global Training Centre of IT major Infosys in this historical city of Karnataka brought a surprised expression to the face of Union Finance Minister P Chidambaram, today.
    
    
  • Narayana Murthy salutes authors of economic reforms
    Hitting out at the critics of economic reforms in the country, Infosys Chief Mentor and Chairman N R Narayana Murthy today said Infosys stood as a shining example of the economic reforms that was introduced in 1991.
    
    
  • Narayana Murthy's services sought for Karnataka's development: CM Karnataka Chief Minister H D Kumaraswamy today sought the services of Infosys Chairman and Chief Mentor N R Narayana Murthy for the development of the State after his retirement on August 20.
    
    
  • IT firms given time to conform to terms
    Hubli-Dharwad Municipal Corporation (HDMC) on Friday decided to allot 25 acres of land each, to two IT/ITES companies — TCS Company and the Quest Company, for setting up their units in Rayapura on Hubli-Dharwad Road.
    
    
  • YSR to ensure Infosys comes to AP in big way
    Brushing aside reports that IT major Infosys was having a 'rethink' on making massive investments in Andhra Pradesh due to problems in land allocation,Chief Minister Y S Rajasekhara Reddy today asserted he would ensure the company came to the state as agreed upon.
    
    
  • Infosys keen on Kolkata campus
    Infosys Technologies will formalise the rollout schedule of its 100-acre software campus in Kolkata after the West Bengal government comes up with a formal proposal that defines available land options and the price of such land. This was indicated by Infosys co-founder and chief operating officer (COO) Kris Gopalakrishnan on Friday.
    
    
  • Sasken Communication acquires Finland's Botnia Technologies
    n its first ever global acquisition to enhance its outreach significantly, Sasken Communication Technologies today announced the 100 per cent acquisition of a Finland-based wireless research and development and testing services provider, Botnia Hightech, for an all cash deal of 35.5 million Euros.
    
    
  • EDS to raise stake in MphasiS
    U.S. computer services firm Electronic Data Systems Corp. will raise its stake in India's MphasiS BFL Ltd. to 61.8 percent, the Indian firm said on Wednesday sending its shares up 17 percent.
    
    
  • Top Wipro man joins Trianz
    Mr Ganesh Venkataraman, a top official of IT major Wipro Limited, quit the company and joined Trianz, a management consulting and technology Services firm, as Chief Financial Officer.
    
    
  • Wipro BioMed ties up with CiPhergen
    Wipro BioMed, the healthcare division of Wipro, has forged an alliance with CiPhergen Biosystems Inc for marketing ProteinChip Systems and solutions.
    
    
  • Wipro wins V&D award
    Wipro Technologies, the Global IT services business of Wipro Limited, has announced that it has bagged the VOICE&DATA Top Telecom Software Company Award as per V&D 100 2006 Survey.
    
    
  • Sasken Q1 net grows 81 p.c.
    Sasken Communication Technologies Limited (Sasken), a telecom R&D outsourcing firm, has reported a Y-o-Y 81 per cent growth in net profit to Rs 8.65 crore from Rs 4.77 crore.
    
    
  • Wipro Tech keeps the faith, claims bulk of Q1 revenues
    Wipro’s net gains of 45% in Q1 have failed to impress the markets. However, its IT arm Wipro Technologies has done better. It accounted for 78% of Wipro’s revenues and 90% of the PBIT in Q1.
    
    
  • Infosys sees defensive picks
    Infosys Technologies seems to be the hot defensive pick off late against the backdrop of rising crude prices and interest rates. A private sector mutual fund, backed by a business conglomerate, has picked up some shares in the company, while a leading domestic insurance company is reported to have sold the stock.
    
    
  • Infosys bags first prize in Software Development Exports
    Infosys Technologies Limited, Quark Media House today bagged Software Development Exports Award instituted by the Chandigarh Administration IT Department.
    
    
  • Infosys to open NASDAQ Stock Market from India on July 31
    Infosys Technologies Ltd will be the first company to open the NASDAQ Stock Market from India at its Mysore campus on July 31 when the IT bellwether and NASDAQ will recreate the marketsite experience remotely, including a replica of the NASDAQ electronic sign-in screen, seen worldwide at the Opening Bell ceremony.
    
    
  • Wipro acquisitions for broadening footprints
    IT major Wipro Chairman Azim Premji today clarified that his company's acquisitions were aimed at broadening its footprints keeping future growth in mind and not to deviate from its primary IT business.
    
    
  • Wipro goes on an expansion spree
    IT major Wipro, the third largest exporter of software in the country, has harped on a major expansion programme both within the country and abroad.
    
    
  • Wipro posts PAT of Rs 620 crore for Q1
    IT major Wipro Limited today posted a Profit After Tax (PAT) of Rs 620 crore, a 45 per cent increase year on year (YoY), for the quarter ended June 30 as against Rs 428 crore registered during the corresponding period the previous year.
    
    
  • Infosys chief to receive top Rotary award
    N.R.Narayana Murthy, Chairman of Infosys, will be given the prestigious "Four way test awards" by the Rotary International district 3290 here in recognition of his "unmatched contributions in the field of Information Technology".
    
    
  • Wipro reiterates commitment to e-waste management
    Wipro has come forward to offer the service of e-waste disposal to its customers, beginning September 1. Wipro has also agreed to phase out hazardous toxic materials from its products by June, 2007.
    
    
  • Infosys plans brand makeover
    Infosys wants its name to find a place in the roster of global IT services vendors. In a bid to break into the elite club of global IT majors — IBM, EDS, Capgemini and HP — the Indian IT services major is embarking on a major re-positioning exercise. The brand is looking to change its perception from a mere one among the three tier-1 Indian companies to one of the global biggies engaged in high-value business solutions.
    
    
  • TCS topples Infosys as m-cap leader in IT space
    Country's largest software exporter, Tata Consultancy Services, has become the country's fourth largest corporate entity, while replacing Infosys Technologies as the biggest IT company in terms of market capitalisation.
    
    
  • Now, it's Infosys the chartbuster vs Nilekani
    Seattle has Bill. Bangalore has Nandan, thus begins celebrity columnist Thomas Friedman his Time magazine profile of ‘100 People Who Shape Our World’. Tech legend has it that our man walked one fine day -- after graduating in electrical engineering from IIT Bombay -- into the office of a certain NR Narayana Murthy, then heading the software group at Patni Computer Systems.
    
    
  • Infosys still on a recruitment spree
    The hiring spree at Infosys Technologies, which recently created a record for highest recruitments in a single day, continues unabated. The company, which surprised markets recently with better-than-expected financial results for the first quarter, has said it would recruit a minimum of 7,000 employees in the second half.
    
    
  • Infy's new face, it's not Nilekani
    When S Gopalakrishnan was named the new president, COO and joint MD of Infosys Technologies on Wednesday, it brought forward a new face to the fore who in due course would emerge not only as one of the top men at helm at Infy, but also another poster boys for Indian IT.
    
    
  • Aztec reports 41 pc increase in Q1 revenue, profits up by 26 pc
    Aztec Software and Technology Services today announced a 41 per cent growth in revenue at Rs 59.48 crore for the first quarter of the current fiscal, with net profits at Rs 9.27 crore growing by 26 per cent.
    
    
  • Infosys plans major expansions in Hyd, Pune, Mohali
    IT giant Infosys Technologies Ltd, which employed 17,000 people in its sprawling campus in the Electronic City on the outskirts of the city, has embarked on a major expansion drive in Hyderabad, Pune and Mohali, besides Bangalore.
    
    
  • Mumbai blasts will have no impact on IT: Nilekani
    The serial bomb blasts that rocked Mumbai yesterday claiming over 180 lives will not have any impact on the Indian IT industry, IT major Infosys CEO Nandan M Nilekani said today.
    
    
  • Infosys lifts entire sector's morale
    `Excellent' first quarter results by Infosys Technologies had a positive impact on the entire spectrum of IT stocks on Wednesday.
    
    
  • Intel likely to invest Rs 238 cr in Bangalore
    Its proposed downsizing initiative globally has not deterred chipmaker Intel in stepping up its investment in India and expanding its research and development facilities.
    
    
  • No plans to venture into pharma, biotech: Infy chairman
    There will be no "Act-II" for Infosys chairman and chief mentor N R Narayana Murthy, who retires on August 20 when he turns 60, and the company he had founded 25 years ago remains his first and last love.
    
    
  • Top clients lift Infosys numbers
    The first quarter (Q1) ended June 30, ’06, saw India’s second-largest IT exporter, Infosys Technologies, benefiting from a 19% sequential rise in revenue contribution from its top five clients. The last time the company witnessed such a robust growth was in the second quarter ended September 30, ’05.
    
    
  • Can Infy tackle the cost pressure?
    Infosys Technologies’ results are usually seen as a precursor to the IT industry’s performance. In the June ‘06 quarter, there is good news on the sales front but not so on the margins front. Infosys’ sales grew by 46per cent to Rs 3,015 crore and its profit grew by 51per cent to Rs 800 crore.
    
    
  • Infy acquires Progeon stake from Citicorp
    Infosys Technologies Limited has acquired 87,50,000 equity shares, 23 per cent on a fully diluted basis, of its BPO subsidiary Progeon Limited from Citicorp International Finance Corporation for Rs 530 crore.
    
    
  • Come home to mama, says Mohandas Pai
    A total of 25,000 employees is what Infosys is looking at for hiring over the year since the subsidiaries are going to net themselves and not drag on the parent.
    
    
  • Infy instills confidence, IT stocks harden
    
  • iGate posts negative profits for Q1
    iGate Global Solutions Ltd has posted a net loss of Rs 3.51 crore for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to net profit of Rs 1.24 crore for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income has increased from Rs 117.38 crore in Q1 FY 05-06 to Rs 163.85 crore for Q1 FY 06-07 with a growth of 39.5 per cent.
    
    
  • Infy PAT up by 50 p.c. in Q1
    Infosys Technologies Ltd has posted a net profit after tax and exceptional items of Rs 805 crore for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 523 crore for the quarter ended June 30, 2005 (Q1 FY 05-06) with a growth of 53.91 per cent. Total Income has increased from Rs 1997 crore in Q1 FY 05-06 to Rs 2996 crore for Q1 FY 06-07 showing 50 per cent growth.
    
    
  • MindTree to set up Chennai facility
    MindTree Consulting Pvt Ltd, an information technology and research and development services firm, has announced that it would be setting up a facility in Chennai to house 5,000 people. It is the first development facility of the company outside Bangalore.
    
    
  • Narayana Murthy now Infy non-executive Chairman
    Infosys Chairman and Chief Mentor N R Narayana Murthy will be a non-executive Chairman of the Board of Directors after his retirement on August 20.
    
    
  • Sobha buys German telecom software co for over Rs 60 cr
    IT company Sobha Renaissance Information Technology (SRIT) has acquired Munich-based Billing Components in a multi-million-euro deal.
    
    
  • Infosys Q1 results for current year 2006 on July 12
    IT major Infosys Technologies Limited will announce its results for the first quarter of the current fiscal, ended June 30, on July 12.
    
    
  • IBM sets up mainframe lab in Bangalore
    IBM recently announced its intention to extend its reach into new markets like India and China to promote mainframes and is also scaling down the ?big irons? to tap the mid-market segment.
    
    
  • Wipro forms crack team to handle large deals
    The IT outsourcing story is just getting bigger and the Indian services providers are targetting a larger share of the pie. Wipro, the third-largest IT services exporter from India has formed a special team to target and handle large deals with a benchmark of $50 million and above. Sanjay Joshi, the chief executive of Wipro Consulting will be heading his initiative.
    
    
  • Infosys sets sights on a century
    Think big and act on it. As NR Narayana Murthy leads Infosys Technologies, the company he founded and led, into its silver anniversary year, that’s the one attribute that best defines him and his company.
    
    
  • Wipro & PriceWorth Cooper eyeing Mizoram
    Global IT giants such as Wipro and PriceWorth Cooper are eyeing Mizoram, heaving a pollution free environment, for setting up their software bases. ''Mizoram is a pollution free state with a cool climate, which is an ideal place for softwere development,'' Wipro's Senior principal Muralidhara Honnur told UNI.
    
    
  • GE sets up its first IDC in Bangalore
    GE Healthcare, a division of the General Electric Company announced the opening of its first Integrated Development Centre (IDC) at the Manipal Hospital in Bangalore.
    
    
  • Infosys eyes acquisitions
    Infosys Technologies Ltd. is eyeing acquisitions of companies with annual revenue of $100 million to 200 million and its margins may benefit from recent rupee weakness, its chief financial officer said on Friday.
    
    
  • Sun to set up next-gen lab in Bangalore
    The Indian engineering centre of Sun Microsystems will invest in a showcase lab that would power the R&D centre through utility computing and grid technologies in Bangalore. The centre has been doing some prolific work in developing some of the company's key products and solutions in the last five years of its existence in India. The Indian engineering centre of Sun Microsystems, which has over a thousand engineers has contributed around 220 patents over the last five years.
    
    
• June 2006
  • General insurers pitching hard for Infosys policy
    Public and private general insurers have pitched hard for insuring Infosys Technologies Ltd. The sum insured for the risk cover on corporate assets is estimated at Rs 5,300 crore ($1.2 billion) for the policy coming up for renewal early next week. The risk cover also includes group medical and accident for over 52,000 employees in the company's offices across the country, sources said.
    
    
  • Karnataka supports TCS' expansion plans
    Karnataka Government would support TCS' demand for land in Tier 2 cities in the State. According to reports, TCS has Rs 1100 crore expansion plans in Karnataka. “TCS is looking at expanding in Bangalore and other Tier 2 cities. They haven't asked for land in Bangalore. However, they have land requirement in Tier 2 cities, and the government will support their requirement,' said B V Naidu, director, Software Technology Parks of India.
    
    
  • Acquisition is like steroids, says Nandan
    Entrepreneurship and risk-taking go hand in hand. It was a big risk when NR Narayana Murthy, Ashoka Arora and Nandan M. Nilekani, along with a handful of young professionals decided to float Infosys. The risk paid off and today, Infosys Technologies has become a major global IT player.
    
    
  • Subex completes acquisition of UK's Azure Solutions
    Subex Systems Ltd, the Bangalore-based telecom software product company, today announced the completion of its 140 million dollar acquisition of UK-headquartered Azure Solutions Ltd.
    
    
  • Is Indian IT getting too expensive?
    Early this year, SAP CEO Henning Kagermann went on record stating India was getting expensive. He said, “We have decided to hire only a certain number there (India) and then commence to look around for other locations.” Last month, Apple shut down its newly commenced Bangalore operations without giving any reasons. But analysts believe the reasons had to do with costs. On Wednesday, Pervasive Software decided to call it quits, saying it is unable to cope with the increasing costs in a hot market like Bangalore .
    
    
  • TCS to invest over Rs 1100 cr in Karnataka
    Tata Consultancy Services (TCS) is planning to expand its footprint in Karnataka. The company, which currently has development centres in Bangalore, will expand both in the city as well as move into the second tier cities in the state.
    
    
  • Altair Engineering to acquire Mecalog Group
    Altair Engineering, a provider of technology and services, today announced that it has entered into an agreement to acquire the Mecalog Group and its RADIOSS product family of Computer-Aided Engineering (CAE) software technology. Headquartered in Antony, France, Mecalog is a developer of transient, non-linear CAE technology to simulate safety related performance as well as other impact events.
    
    
  • EDS acquires Mphasis for Rs 1,748 cr
    Global IT services giant Electronic Data Systems Corporation has completed the acquisition of Mphasis BFL Ltd, the leading software applications and BPO company.
    
    
  • What's behind Wipro's shopping binge?
    Wipro Technologies has managed to dispel the market perception of Indian IT majors being averse to acquisitions. In the space of a year, the company snapped up six companies in modest-sized deals ranging between $10-$75 million.
    
    
  • PM to lay foundation for elevated highway on Hosur Road
    Prime Minister Manmohan Singh will lay the foundation stone for the Rs 450 crore, ten-laned, 9.985 km mixed corridor elevated highway project, the first of its kind in the country, aimed at solving the traffic woes on the Bangalore-Hosur section of NH-7, on June 24.
    
    
  • Skills Murthy and Mallaya need to learn
    India Inc.’s corporate leaders are as motley as they come - from the flamboyant Vijay Mallya, to the soft-spoken Narayan Murthy; from the disciplined Azim Premji to the visionary Ratan Tata. But the one thing they have in common is that they are world-beating leaders whose reputations precede them wherever they go. Their commitment and focus are by words in the world of business and their zeal, enterprise and firm sense of ethic sets them apart from the pack.
    
    
  • Now, Electronics City does a Bill Gates
    As though taking a cue from Microsoft's Bill Gates who's now set to become a full-time philanthropist, Bangalore's Electronics City too has decided to do its bit for the community.
    
    
  • Why do you love to work for Infosys?
    The phenomenon of global markets, IT-driven services and competition have created a chaotic, disruptive business environment. The companies which sailed along quite smoothly in placid business waters and made tidy, assured profits, suddenly find themselves in choppy water.
    
    
  • Wipro derives 5 pc revenue through innovation
    Innovation projects contribute to nearly five per cent of the total revenue of Wipro, Company Chief Operating Officer A L Rao said today. Addressing the CII Innovation Summit-2006 here, he said innovation had been the main driving factor behind the company's growth with as many as 500 people working in about 50 innovation projects across all business units.
    
    
  • How is it to work for Infosys?
    From a small team of young professionals, Infosys has grown to almost a 50,000-member company. Priya Padmanabhan of CyberMedia News chatted up with some of the employees of the company to get a feel of how they perceive their work place.
    
    
  • Infosys, Wipro to invest in Tamil Nadu
    Infosys has announced its plans to make huge investments in Chennai. The announcement was made during Tamil Nadu chief minister M Karunanidhi's visit to the Infosys campus here on Thursday. Union minister for communications and IT Dayanidhi Maran accompanied his grand-uncle Karunanidhi to the Infosys campus.
    
    
  • TN CM makes deal with Infosys
    Newly-elected Tamil Nadu chief minister M Karunanidhi couldn’t have timed his visit to Bangalore any better. Even as the city continues to grapple with traffic congestion and commuting problems, Karunanidhi visited Infosys and assured it of better facilities in Chennai. And Infosys responded with a commitment to invest Rs 1,250 crore and a promise to create 25,000 jobs within the next three to four years.
    
    
  • Karnataka occupies top slot in IT exports
    With a share of around 37%, Karnataka occupied the top slot in the country’s IT exports during 2005-06, the Electronics and Computer Software Export Promotion Council said. The state exported software services worth Rs 37,000 crore, out of total Rs 1,00,965 crore exports from the country, registering growth of 34% over the previous year, Nalin Kohli, chairman of the council said in a release here on Wednesday.
    
    
  • Symphony Services opens second centre in Bangalore
    Outsourcing firm Symphony Services has inaugurated its second facility in Bangalore. Spread over 2 lakh sq ft, the centre can seat 2,000.
    
    
  • We want to be on top 10 global list: Narayana Murthy
    he company closed 2005 revenues at $2.2 billion and continues to deliver over 30 per cent growth every quarter. While it took 23 years for Infosys to touch the $1 billion milestone in 2004, it made another billion in less than two years. Murthy, who turns 60 in August this year, revealed that he would retire from chairmanship of the IT major, but would continue to play a role in the company as non-executive chairman.
    
    
  • Infy to issue 1:1 bonus shares
    Infosys Technologies today announced that the shareholders of the company approved the issue of bonus shares in the ratio of 1:1 (one share for every one share held), at the Annual General Meeting held at Bangalore on June 10, 2006. The shareholders also approved increasing the authorized share capital of the company from Rs. 150 crore to Rs. 300 crore.
    
    
  • I am not interested in politics: Narayana Murthy
    On plans post-retirement from Infosys, Murthy said his presence on the board of several companies and universities abroad would keep him busy, and ruled out joining politics.
    
    
  • Infy to select new chairman, chief mentor on July 11
    Infosys Technologies board is to select a new Chairman and Chief Mentor for the company on July 11, 2006, said the company during its board meeting here today.
    
    
  • Infy in search of top boss, Murthy to set down
    Infosys Technologies will decide in a month’s time who will don the role of chief mentor, a position currently held by its chairman N R Narayana Murthy.
    
    
  • More women for Gen-Next Infy
    The 25th annual general meeting(AGM) of the country’s second largest IT exporter — Infosys Technologies — was different and special in many ways. While it was held against the backdrop of the company crossing the $2 billion revenue mark, it in a sense marked the end of an era, being the last one to be helmed by NR Naryana Murthy as its chairman and chief mentor.
    
    
  • Narayana Murthy to step down as Infosys Chairman
    Infosys Chairman and Chief Mentor N R Narayana Murthy today said he will relinquish both the posts on his attaining 60 years of age on August 20. Speaking to newspersons here after participating in the company's 25th Annual General Meeting, he, however, said he would continue to function in the capacity as Non-Executive Chairman, provided the Board of Directors approved it at its meeting on July 11, the day when his successor would be finalised. ''My commitment to the company will continue. However, the youths in the company will take over the mantle,'' he added.
    
    
  • Aztec Software unveils new brand identity
    Aztec Software formally unveiled a new brand identity today to highlight its leadership status. The company is growing rapidly and is the dominant force in the emerging Outsourced Product Engineering market segment. The new branding -- Aztecsoft -- reflects Aztec Software's confidence in being the leader in the segment.
    
    
  • Verisign development centre in Bangalore
    The US-based Verisign Inc sets up a development centre in the city in a step to consolidate its position in the Indian market. Verisign is a developer of secure payment gateways for online transactions and also provides SMS and MMS hosting services inthe country.
    
    
  • Hatching innovation: The Infy, Google success saga
    There is often a wide gulf between merely thinking and actually creating something. For example, you might think that your idea of using a jet pack to fly to work everyday is Pulitzer-worthy. However, in practical terms, it’s simply not feasible!
    
    
  • Bangalore immigration to handle increase in traffic
    An increase in H-1B visas to the US might mean a flurry of activity at immigration desks across the country. But in Bangalore, there will be no long wait for checkin, immigration and customs clearance or for the CISF check. Since last week, the crowd on the first floor of the airport complex has eased with check-in and screening of hand baggage shifted to the ground floor.
    
    
  • Infosys sitting on huge cash surplus
    Call it strong treasury management or attirbute it to its debt-free status, India&#