Sequentially the growth was 11.6 per cent over the previous quarter, the Company said in a release here.

Infosys revenue up by 19 pc, profits by 18.4 pc in Q2
Software major Infosys Technologies today announced a 19 per cent increase in its revenue at Rs 4,106 crore for the second quarter of the current fiscal, ending September 30, with net profit soaring by 18.4 per cent to touch Rs 1,100 crore, year-on-year basis. The company, which crossed a billion Dollar revenue during the quarter, revised upwards its forecast in the current fiscal with the growth expected to be between 19.4 per cent and 19.8 per cent.

Agreeing that revenue growth was of concern, Company CEO Phaneesh Murthy said the order book was good and iGATE won three new customers in the million plus dollar bracket during the period to take its customer base to 29.

The IDC was focussed on to leverage company's overall research mandate, Keith Budge, senior Vice President and GM, Asia Pacific and Japan, informed here today.

Sasken in a release here today said the agreement would see the first-ever integration of Sasken's complete development solution 'the GSM/GPRS protocol and supporting Application Framework' into a dual-mode GSM and satellite phone.

While the BJP asserted that the transfer of power to the party and the Chief Ministership to Mr B S Yediyurappa in Karnataka were 'non-negotiable', the JD (S) sounded a death-knell for the coalition Government as Chief Minister H D Kumaraswamy said his party was prepared to face the people's court and questioned the communal credentials of the coalition partner.

The company in a release here said Infosys CEO S Gopalakrishnan would speak on the state of the business, while Company COO S D Shibulal would speak on the operational highlights. Subsequently, heads of various business units at Infosys would make presentations during the meet. The meet would conclude with an executive open house session.

Wipro Testing Services has also invested in a dedicated POS testing lab for specific applications.

Wipro is building Supernova grounds up in India in exclusive partnership with Z RESEARCH, Inc, a California-based organisation specialised in commoditising supercomputers and superstorage.

Finacle encompasses core banking, Customer Relationship Management (CRM), treasury, e-banking and would replace the bank's current in-house decentralised system, Infosys said in a filing to the Bombay Stock Exchange.

This was disclosed by the company's Chief Mentor N R Narayana Murthy and CEO Kris Gopalakrishnan who met Chief Minister V S Achuthanandan here on Friday.

The new deals include the company's largest Moneta Revenue Assurance contract in its history, with a Tier-1 telecom operator and a major installation of its Syndesis NetProvision automated Service Fulfillment solution for another Tier-1 telecom operator for a national roll out of new VPN services, a press release said.

Organised jointly by the Karnataka IT and BT Department and Tata Consultancy Services (TCS), the programme, mainly aimed at popularising IT education in the rural areas of Karnataka, was formally launched here yesterday.

The centre will enable Wipro to provide "localised and closer-to-customer service" for its expanding technology services business in the Americas, it said in a statement late on Monday.

Dr Tarek Kamal, Minister of Communications and Information Technology of Egypt witnessed today the signing of an MOU between Wipro and the Information Technology Industry Development Agency (ITIDA) supporting Wipro to establish a Global IT services Development Centre targeting the IT Export Services for the Middle East and Global Markets.

Murthy speaking at a meeting organised jointly by All India Association of Industries and Young Entrepreneurs' Society, said that low-tech manufacturing could create a large number of jobs in India as in the case of China.

Bangalore has the deepest talent pool due to early entry of technology companies that set up subsidiaries mostly in the high-tech areas, such as integrated circuit design, systems software and communications software

Infosys CEO and Managing Director, S Gopalakrishnan, received the Award at a glittering function organised by the Department of Information Technology here yesterday.

Speaking to reporters here last night, company CEO and Managing Director, S Gopalakrishnan, said the 200-seat facility was being set up in the Latin American country. "We have our own place now. The unit will be operation soon," he said.

In 2005-06 SW and HW exports from the state worked out to Rs 40,281 crore.

According to final figures relesed by the Software Technology Parks of India Software exports grew by 30 per cent to touch Rs 48,700 crore in 2006-07 as against Rs 37,600 crore in the previous fiscal, while Hardware exports grew by ten per cent to earn Rs 2950 crore as against Rs 2481 crore acheived in 2005-06.

Announcing the acquisition Wipro Chief Financial Officer Suresh Senapathy told newspersons that the two companies had signed a definitive agreement for Wipro to acquire Infocrossing at 18.70 rpt 18.70 dollars per share. The deal would create one of the world leaders in end-to-end IT infrastructure solutions, he said.

"We will invest Rs 30 crore on infrastructure development of our operations in Chandigarh during this year," Infosys Technologies Limited's Development Centre Head Sameer Goel said here.

The size of the deal is expected to be between $450 million and $500 million, it said. A spokesman for New York-listed Wipro said the company would not comment on market speculation.

Infosys would help CP improve its IT delivery capabilities through BITS' strategic 'Bestshoring' initiative, Infosys said in a release here.

The revenue from products stood at Rs 100.4 million (24.73 mn USD) ,indicating a 377.33 per cent rise from Rs 21.03 crore (5.18 mn USD) in same period last year.

In a release here, Infosys said as part of the agreement, Philips would enter into a seven-year contract with the Infosys BPO for providing Finance and Accounting (F&A) services and processing of purchasing orders.

The Foreign investments crossed USD 10 billion so far in the currency year after a record single month inflow of USD 5.8 billion in July.

In active trade at the Interbank Foreign Exchange (forex) market, the local currency resumed strong at 40.22/23 per dollar from overnight close of 40.28/29 a dollar but later was quoted at 40.2450/2550 a dollar in late morning deals.

The latest infrastructure data from Infosys shows that as of June 30, 2007, the company is looking at adding about 34,049 seats across a built-up area of 10.56 million sq ft in India and Mauritius in the near future. Out of this, 14,400 seats are based in Pune with a proposed built-up area of 2.7 million sq ft.

The first phase of the project known as ''Train the Trainer'' was inaugurated by Chief Minister Naveen Patnaik at the Info city here to provide training on Global skills enhancement to nearly 300 lecturers drawn from 70 colleges and six universities.

Talking to newsmen here Karnataka Secretary for Information Technology and Biotechnology M N Vidyashankar said, "In keeping with the changing needs of the industry, this year's theme will help leverage Asia's unique ICT ecosystem".

Melita is the first 'triple-play' (internet, TV and telephony) operator in Malta, providing services to more than 100,000 subscribers. As the company and its number of services continue to grow, Melita is keen to ensure that it is protecting its revenues effectively, Subex said in a release here.

"I am not aware of it. I have no idea about it," he said replying to a question by reporters on the sidelines of a function here.

"The rumour was that we are in discussion with certain large European companies. So I am saying we are not in talks with any of them," Chief Executive S Gopalakrishnan told Reuters in an interview.

According to a statement from the IT bellwether here Monday, the next generation Bluetooth 2.0 version will also enable high-definition audio streaming and increase the battery life of Bluetooth headsets.

Net Profit in Q1 FY 08 was Rs 14.3 crore, a 1262.9 per cent year on year growth, the company said in a release here.

Announcing the results Company CEO and Managing director S Gopalakrishnan said ''as clients recognise the strategic imperative of global sourcing in an increasingly flat business world the demand for large end to end players is increasing''. ''We will continue to focus on business partners of choice to our customers'' he added.

In a release here, Company Founder-Chairman Subash Menon said the deal was further evidence of the company's ability to deliver solutions to world's largest carriers.

Infosys may also reduce its forecast for earnings per share in rupee terms for the year ending March 31, Singh said in a note to clients today. Bangalore-based Infosys will be able to exceed and raise its forecast in US dollars, he said.

Waters Rankings recognised the outstanding achievements of solution providers that help financial institutions generate revenue and service their clients efficiently, Infosys said in a release here.

The new managed service offering utilised leading components comprising Oracle Identity Management, a component of Oracle Fusion Middleware, helped organisations to reduce identity management related costs, enhance security and streamline regulatory compliance across the enterprise, according to a release from Oracle.

Quoting a Forrester report, Infosys in a release here today said ''Infosys' strategy based on enabling customers to transform and optimise their infrastructure, combined with a broad global footprint ensures that clients receive a comprehensive suite of flexible and predictable services and high service quality''.

Officials at companies like Tata Consultancy Services (TCS), India's largest outsourcing firm, and Wipro Technologies, another major Indian technology provider, say this has nothing to do with periodic outcries that Indians are taking away jobs from Americans.

It was CIT's first global off shore development centre, executed by MindTree, which has put in place a secured exclusive workplace at its Global Village facility on the outskirts of the city. The centre would have an initial head count of 75 consultants.

The corridor will be 17-29 km from the city centre and will house IT and IT-enabled service industries. This will ease the pressure on Whitefield and Electronic City areas.

His appointment is for a period of five years running from June 22, 2007. Till his elevation as the CEO & MD, Mr S Gopalakrishnan was the deputy MD and COO of the $3billion company.

"Strengthening of the Rupee will have a big impact on the sector as each per centage point of appreciation can have an effect of up to 40 basis points on our margin," he told newsmen on the sidelines of Innovation Summit-2007, organised by CII here.

Addressing the induction ceremony of the company's InStep programme in which over 125 candidates were selected among the 12000 global aspirants here today, he said China was growing well in the IT sector giving more focus on education programmes which was fit for other nations to emulate.

"The state has 26,000 villages. Corporates can play a key role in improving the quality of life, education and health conditions of these villages. They can adopt schools and colleges in some of them," the CM said.

In a memorandum to the Chief Minister during a breakfast meeting, they felt that retaining the present airport would be appropriate instead of closing down of commercial operations.

Referring to a meeting of IT chiefs with Karnataka Chief Minister H D Kumaraswamy earlier in the day, Mr Karnik said that it was suggested to the Chief Minister to take lead in establishing an Integrated Knowledge Township with strong connectivity to the Airport. He said the Chief Minister gave a patient hearing. Mr Kumaraswamy asked IT industries to adopt villages for overall development and establish more and more industries in rural areas instead of concentrating on cities.

Technically, the company is already capable of offering Finacle in SaaS (software-as-a-service) model, he said adding, announcement to this effect would be made at an appropriate time. SaaS is a software distribution model in which applications are hosted by a vendor or service provider and made available to customers over a network, typically the internet.

The issue which came before the High Court, when Mr Murthy had sought quashing of proceedings against him following a petition filed by activists belonging to Karnataka Rakshana Vakilara Vedike in the Second City Metropolitan Magistrate's court.

Delivering a lecture on 'opportunities for India in the global era' organised by JSS women college here, he came out with a few tips to the administrators to help bring revolution. ''Mass literacy from the primary stage itself practiced in Western Nations must be adopted here by the Government initiative or in association with private agencies'', he said.

The company, which donates 1% of its profits to social causes through the Infosys Foundation, has started a new initiative within the company through which it will support, and in some cases fund, ideas on social entrepreneurship and convert them to viable business plans.

Announcing the 10th edition of Bangalore IT in-2007, which begins from October 29 to November 1, here last night, Mr Kumaraswamy said Karnataka, especially Bangalore city, had been the home for IT majors and the state government was committed to extend full support for the existing and the new players, who want to set up their development centres in the state.

As the US Senate gets ready to take up the comprehensive immigration reform legislation, the two top law makers Republican Senator Charles Grassley and Democratic Senator Richard Durbin said "more and more it appears that companies are using H-1B visas to displace qualified, American workers."

Through the partnership, Aligarh Muslim University had engaged Wipro as the preferred IT partner for providing technology solutions and participating in the e-Learning initiatives at its Centre for Distance Education (CDE), Wipro Infotech said here in a release.

iGATE has been identified as one of the GGC member for demonstrating a clear potential in becoming a leader in the global economy, based on parameters such as its business model, growth record, leadership and the markets it served.

MindTree’s revenues were up by 7.3% q-o-q in rupee terms and 9.3% in dollar terms, with the differential explained by appreciation of the rupee. Net profit grew by 29.8%. The sharp jump in PAT could be attributed to lower interest costs on short-term credit.

The bi-annual Industry Monitor Survey forecast a robust 25 per cent growth in production for the industries in the State during April-September 2007.

The Chinese telecom giant had recently increased its manpower to 1,300 Indian engineers in its largest overseas development centre based in the city and this would go up further to 2,000, the company said in a release here today.

The attrition rate in Wipro BPO was an astounding 48 per cent on an annualised basis, according to Wipro BPO Chief Executive T K Kurien. This was inspite of the BPO arm of Wipro being recognised among the Top BPO Providers for 2006 by the International Association of Outsourcing Professionals (IAOP). Wipro Technologies was also recently rated as the top Indian outsourcing firm in the Global Outsourcing 100 rankings.

The company, in a release here, said that net profit grew by five per cent at Rs 38.62 crore from Rs 36.87 crore the previous year.

Mr Mohandas Pai, Chairman, Infosys BPO and Member of the Board, Infosys Technologies said in a press release here that "the Brno Centre was part of our strategy to build near shore Centers in various parts of the globe. This, along with our large offshore centers in India and the centre in China, gives a expanded global network, allowing proximity to our clients and seamless flow of work on a 24X7 basis".

This is in line with the Infinite's strategy of driving global delivery with strong local management leveraging its robust global delivery model, the company said in a relase here.

Jtrack completely automated the process of taking jewellery inventory. By using RFID based system, manufacturers would be able to collect data from hundreds of items in few seconds. Unlike barcode, a complete tray load of jewellery and RFID tags could be inserted into Orizin's Jtrack and data could be captured from all of them at once. The system eliminates the painstaking and time consuming process of scanning individual items increasing the staff productivity by ten to fifteen times, the Company said in a release here.

The plan was touted by the AP government as a major success of its efforts to build Hyderabad as a major software destination rivalling Bangalore. But ironically, it is the failure of the administration to provide Infosys the 550 acres promised that has led to the setback.

During the January-March quarter, Infosys acquired 2,11,909 shares of Infosys BPO and entered into a forward agreement to acquire 3,60,417 shares of Infosys BPO by February next year from various employees of Infosys BPO.

Aiming a four billion dollar business for the current fiscal, Company CEO and Managing Director Nandan M Nilekani announcing the results told newsmen ''the global IT services industry continues to show strong growth with exciting opportunities and Infosys is well positioned to take advantage of this''.

While answering questions from the trainees at the Infosys' Global Education Centre, Asia's biggest business training centre here, Mr Kalam replied in one word, 'fantastic,' when a trainee asked what the president had to say about Mr Murthy being made the next President of India as he was a special person.

The expansion will ramp up the facility's capacity to about 17,000 seats from 6,300, a company statement said. The facility is mainly focused on developing solutions for banking, insurance, and telecom industries.

The honor was presented during Wachovia's inaugural Information Technology Vendor Awards ceremony held recently, Infosys said in a release here. The IT Vendor of the Year award honors Infosys ''for being the overall best-in-class supplier and for consistently demonstrating the highest level of performance in quality, integrity, delivery and innovation''.

hivaji Park, the sprawling ground in central Mumbai, associated with political rallies and cricket matches, has an IT connection as well - software giant Infosys was christened here.

Rangarajan P, who was head of Asia-Pacific sales for Finacle, Sivakumar R, formerly senior member of the Finacle architecture team, and four others have set up Vitage Technologies that will focus on developing applications for remote/on-site infrastructure management. Till now, much of the focus in this area has been on hardware.

• Infy plans to acquire UK co for £100 mn
  Software bellwether Infosys could make a move to acquire UK-based SmartStream Technologies, which provides solutions for financial services sector, for over £100 million. Sources said the deal possibility “is live” as of now, with the Indian major showing interest in the entity as it looks to step up its banking division’s business globally.
  
  
• Cauvery enrages Bangalore IT industry; Protests on Feb 18
  The 'pro TN' Cauvery Tribunal verdict on sharing of Cauvery water between Karnataka and Tamil Nadu has again evoked displeasure among Kannadigas. Protests were held all over the state against the verdict on Feb 12, 2007. But the furore denies to die down. Joining the many Kannada organisations in their protests now are the Kannadiga IT professionals.
  
  
• Subex Azure bags deal from Cellc
  Subex Azure Ltd has bagged a contract from south African-based mobile operator CellC, to deploy Moneta Revenue Assurance System and Nikira Fraud Management System. Initially, both systems will operate independently, but will eventually be integrated into one unified platform.
  
  
• Cranes Software to distribute ETA products
  Cranes Software International Ltd, the city-based Global Scientific and Engineering Software Products and Solutions Company, today announced that it has concluded an agreement with Engineering Technology Associates (ETA) of the USA to distribute and support ETA's DYNAFORM and VPG products across India.
  
  
• Encora group merges with Meritos Technologies
  Arizona based encora Group, a global product engineering services company, offering a portfolio of software product life cycle solutions, today announced a merger agreement with Meritos Technologies, a city-based pure-play offshore services company.
  
  
• Suncorp uses Infy's 'Accelerate' Migration Solution
  Suncorp, the largest financial organisation of Australia, has migrated over 10,000 desktops and 350 applications to Microsoft Windows XP using Infosys' Global Delivery Model (GDM) and desktop migration solution 'Accelerate' to achieve a standardised operating environment that will reduce costs, improve performance and enhance security.
  
  
• Bundh amounts to loss of Rs 500 crore for Karnataka
  12 hour bundh the previous day, has led to an immense loss to the state. It is estimated that over 500 crore of rupees is a loss to the industry. Industrial units and business establishments were shut down depicting their support for the cause. R.C Purohith, the president of Federation of Karnataka Chambers of Commerce and Industries (FKCCI) said, "every shutdown would cause Rs 500 crore loses to industries".
  
  
• Infosys Foundation commits one per cent of its profits to social causes
  Corporate Social Responsibility (CSR) and personal philanthropy are two different aspects, Nandan M Nilekani, CEO of Infosys said. CSR happens when a company fulfills its ethical and social obligations. For example, when a BPO enables access of employment opportunities to the disadvantaged or disabled, he explained while speaking on CSR at the Nasscom Leadership Forum here.
  
  
• Outsourcing pie to touch $50 bn by 2010: Nilekani
  India's outsourcing pie might increase to $50 billion by the turn of the decade from $20 billion today. And to top that, the share of services in global GDP will vroom from a 71 per cent morsel to 80 per cent bite in the next 20 years. These are just some of the glimpses that emerged at a high-brow crystal ball gazing by industry doyens like Nandan M Nilekani, CEO, Infosys, B Ramalinga Raju, founder and chairman, Satyam Computer Services and Pramod Bhasin, CEO, Genpact.
  
  
• Karnataka Govt shows interest in funding IT-ITeS companies
  This could be good news for IT-ITeS startups. The ministry of communications and information technology is mooting creation of a national venture capital fund to support small and medium enterprises in the IT segment. The fund is to be established by software technology parks of India (STPI) and the ministry has asked for a grant of Rs 100 crore for the same.
  
  
• Infosys bullish on Europe, China
  IT bellwether Infosys Technologies Ltd Thursday said it is looking for greater access into markets in China and Europe. "We already have presence there but we are on a lookout for more acquisitions to have a greater access on their markets," Nandan Nilekani, chief executive of Infosys, said on the sidelines of the India Leadership Forum organised here by the National Association of Software and Service Companies (NASSCOM).
  
  
• Allow tax benefit to IT sectors till 2009: Karnataka CM
  Chief Minister H D Kumaraswamy today requested the UPA government to let the IT sector continue to enjoy the tax benefit beyond 2009.

  The previous NDA government at the Centre had in 1999 put in place a 10-year income tax benefit for small units in the IT sector which expires in March 2009. After that date, only special economic zones (SEZs) will get the benefit, unless an extension is made in the policy.
  
  

• TechSpan India Ltd changes name to Headstrong
  TechSpan India Limited, a subsidiary of Headstrong Services LLC, announced that it has legally changed its name to Headstrong Services India Private Limited with immediate effect. The name change is an effort to leverage the global Headstrong brand to strengthen Headstrong's leadership position in delivering high-end business and technology solutions for global securities and capital markets industry.
  
  
• Wipro gets Dale Carnegie Global leadership award
  Wipro Technologies, the global IT services business of Wipro Ltd, today received the prestigious Dale Carnegie Global Leadership Award for 2007. The award was presented to Wipro by Dale Carnegie Training Chairman Peter Handel here.
  
  

• Wipro eyes German, other IT acquisitions
  Bangalore-based Wipro wants to be among the top 10 global IT service firms in terms of revenue within four years and plans more acquisitions including in Germany to achieve that, its chairman said on Saturday.
  
  
• Sasken gets new CTO
  Sasken Communication Technologies Ltd has announced the appointment of Rajesh Tyagi as chief technology officer (Products and Services). Tyagi will be responsible for providing technology direction to all of Sasken’s global product and services business units as well as positioning Sasken’s technology solutions with its global customer base.
  
  
• Magma opens new facility in Bangalore
  Semiconductor design software provdier Magma Design Automation, Inc. today announced the expansion of its operations in India with the inauguration of a 40,000-square-foot facility in Bangalore. The company expects its India headcount to cross 200 this year, according to Anand AnandKumar, managing director of Magma Design Automation Pvt. Ltd.
  
  
• Telelogic launches 'Telelogic Modeler'
  The city-based Telelogic, a leading provider of software solutions that align advanced systems and software development with business objectives, today announced the release of Telelogic Modeler, a free Unified Modeling Language (UML) design environment for engineers, designers and developers of embedded, real-time and enterprise IT applications.
  
  
• Wipro to up hiring in UK
  Wipro Technologies today announced that it would add 500 more employees in the UK over the next one year to support its growing operations. The company made the announcement during the visit of Gordon Brown, the chancellor of the Exchequer, tipped to succeed Tony Blair as prime minister.
  
  
• Sasken Q3 revenues up
  Sasken Communication Technologies Limited today posted an increase of 73 per cent in consolidated revenues at Rs 131.02 crore for third quarter ended December 31, 2006, as against Rs 75.94 crore corresponding quarter of the previous year.
  
  
• Wipro Infotech forms JV with Dar Al Riyadh
  Wipro Infotech, the India, Middle East and Asia Pacific IT business of Wipro Ltd, today announced a joint venture agreement with Dar Al Riyadh Group in the Kingdom of Saudi Arabia.
  
  
• Wipro gears up for mega global deals
  Tech major Wipro seems to have enhanced significantly its delivery capabilities through its series of acquisitions, building multiple domain expertise and readying a bouquet of service offerings.
  
  
• Infosys to stress on socio-economic issues
  Infosys Technologies Limited today announced its participation at the World Economic Forum Annual Meeting 2007 in Davos, Switzerland on January 24-28, 2007.
  
  
• Subex Azure acquires OSS soln provider Syndesis
  Subex Azure, a leading vendor of revenue maximisation solutions for telecom operators, today announced that it has entered into a conditional contract to acquire one of the world's leading provider of telecom Operations Support Software (OSS) solutions in an all cash deal of US Dollars 164.5 million.
  
  
• Wipro records 45 per cent growth in Revenues
  Recording another robust performance Wipro Limited today announced 45 per cent year on year growth in its revenue for the third quarter of the current fiscal at Rs,3979 crore with profits surging by 41 per cent at Rs.765 crore.
  
  
• Chile minister inaugurates NGN lab in Bangalore
  Chile Trade and Commerce Minister Alejandro Ferreiro today inaugurated Mascon Global Limited (MGL)'s Next Generation Networks (NGN) lab at its centre here. Addressing a press conference after inaugurating the lab, he said he was on a week-long visit to India to woo the Indian IT industries to set up offices in Chile, a business hub in Latin America and the United States.
  
  
• Bangalore is truly a jobseekers heaven!
  When it comes to hiring in India, Bangalore is the place to be, it seems. The city remains t