Infosys

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 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.

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 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.

Yahoo to launch new search note feature on Tuesday that lets Yahoo searchers take and save notes as they visit various websites.

3Com Corp is scheduled to report second quarter on Thursday, Jul 9, before the start of trading. Consensus analyst estimates are for EPS of $0.05, down from $0.09 in the year-ago period. Revenues are also expected to fall to $295 million, down 8% from the $321 million 3Com reported in fiscal Q4 2008.

Hewlett-Packard's services sales will more than double from fiscal 2007 after its acquisition of EDS with combined yearly revenues of $38 billion, the company said on Monday.

India's leading IT service provider Wipro's chairman Azim Premji and biotechnology major Biocon's chairperson Kiran Mazumdar-Shaw are among the forty-eight Asians to feature in Forbes magazine's list of Asia's top philanthropists.

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 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.

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 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.

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.

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.