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India's IT firms step up security with paramilitary

When Infosys Technologies, India's second-largest IT firm, hired paramilitary troops to protect its sprawling headquarters in Bangalore, some observers might have thought they had gone overboard.

IBM, Indian outsourcers win services deal from BP

IBM and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc, the firms said on Wednesday, amid hopes of a revival in technology spending.

UPDATE 1-IBM, Indian outsourcers win services deal from BP

IBM (IBM.N) and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc (BP.L), the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services (TCS.BO), Infosys Technologies (INFY.BO) (INFY.O) and Wipro (WIPR.BO) (WIT.N), disclosed financial details of the contract.

Infosys Q1 profit up, beats estimates

Infosys Technologies Ltd beat expectations with a 17 percent rise in quarterly profit and raised its full-year forecast at the lower end on hopes for a pick up in outsourcing demand from overseas clients.

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BSE Sensex fizzles, ends down 1 percent

The prime index of the Bombay Stock Exchange (BSE) failed to carry on the upward momentum it had set on Monday, by ending down 1.08 percent or 19.46 points on Tuesday, tracking weak global cues.

Infosys profit up 18 pct, shares plunge on outlook

Infosys Technologies Ltd, India's No 2 software services exporter, said quarterly profit rose by nearly a fifth but its shares tumbled 7 percent on market concerns over the rapidly rising rupee and the risk of a U.S. downturn.

Growing pains dim India's outsourcing edge

Indian outsourcing companies are shifting some of their operations to China, the Philippines, Vietnam and Kenya in a bid to stay competitive as higher wages, expensive property prices and a rising rupee eat into profits.

Infosys profit jumps, guidance drops

Infosys Technologies Ltd. reported a 34.5 percent jump in quarterly profit on Wednesday, but shares fell after the Indian software developer lowered its full year profit outlook.

Capgemini shares up on renewed Infosys bid talk

Shares in Capgemini rose on Thursday on market talk that India's Infosys would make a bid for Europe's largest IT services group at 70 euros a share, traders said.

Software giants shut as strike hits Indian tech hub

Operations of global software companies, financial institutions and government offices in India's main technology hub shut on Wednesday after activists called a strike over a border dispute with a neighboring state.