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HCL Tech tops expectations on new markets' growth

Software services firm HCL Technologies posted a better-than-expected 34.2 percent jump in consolidated net profit for October-December, aided by strong growth in non-core markets.

Infosys to appeal tax demand on onshore work

Infosys Technologies Ltd on Tuesday said it will appeal an income tax department order demanding India's No. 2 software firm pay 4.57 billion rupees ($100 million) in tax for work done onshore.

Goldman Sachs raises Infosys to 'buy'

Infosys Q2 profit tops estimates, yet shares down on forex concerns

Goldman Sachs raised Infosys Technologies to buy from neutral on Friday, saying it believes a drop in the share prices offers an attractive entry point.

Pre-Market NASDAQ Movers (EXFO, KNDI, MU, SDIX, NGSX, LEDS, DRWI, INFY, VECO, AIXG)

The top pre-market NASDAQ stock market gainers are: EXFO, Kandi Technologies, Strategic Diagnostics, Micron Technology, and NeurogesX. The top pre-market NASDAQ stock market losers are: SemiLEDs, DragonWave, Infosys Technologies, Veeco Instruments, and Aixtron.

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iGate to buy controlling stake in India's Patni for $1.22 bln

Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, on Monday said it has bought nearly 63 percent stake in India’s sixth biggest software exporter Patni Computer Systems for $1.22 billion in shares.

Gartner projects 5.1 pct rise in global tech spending for 2011

Technology research firm Gartner projected a 5.1 percent rise in global spending on technology in 2011, up from its prior estimate of a 3.5 percent rise, helped by the dollar’s recent weakness.

S&P's Top Tech Sector Predictions For 2011: (MSFT, INTC, AMZN, INFY)

S&P Equity Research predicts slower, but healthier growth in the technology sector in 2011, including notable developments regarding new products, international activity, and M&A deals.

Resilient Indian IT industry cautiously optimistic for 2011

The Indian information technology industry is cautiously optimistic for 2011 after a tumultuous 2010 due to the continued economic uncertainty in Europe and the US.

iGate to buy Patni Computer for $1 bln: report

Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, agreed to buy Patni Computer Systems for $1 billion in shares.

An employee walks pass a billboard in the Wipro campus in Bangalore

India's top 3 IT firms offer promotions, hikes to boost employee retention

India’s top three software services companies Tata Consultancy Services (TCS), Infosys Technologies Ltd and Wipro Ltd are all set to award their employees promotions and reward them with bigger hikes and perks come 2011 to retain best talent amidst competition from their rivals.

India's Nasscom sees IT-BPO industry to touch $70 bln in current fiscal

National Association of Software and Service Companies (Nasscom) expects India’s IT-BPO industry to reach $70 billion mark by the end of the current fiscal following rise in demand for software technology products.

Infosys to start office construction In West Bengal in 6 months

In 6 months Infosys Technologies will begin construction of its first facility in West Bengal at New Town Rajarhat.

Infosys says land allocated for its West Bengal campus

Infosys is all set to enter West Bengal. The company said it has been allotted 50 acres of land by the government to set up an IT campus at Rajarhat.

Flaws in guest visa worker programs add to US unemployment misery

The US guest workers programs design needs an immediate and substantial in the wake of high unemployment in the nation.

India's Outsourcing Lead Weakens, China Surges

China's outsourcing industry growth is gradually reducing the gap with the leader India, according to a study released on Friday.

BSE Sensex down 0.14 pct on early trade

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.