The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.
The companies that reported earnings after the markets close on Thursday are: Google, AMD, Capital One, International Game Technology, Wipro, Consolidated Edison, Maxim Integrated, Flextronics, Intuitive Surgical, Polycom...
India’s third largest software exporter Wipro Ltd. has announced the resignation of the joint Chief executives of its IT Business, Suresh Vaswani and Girish Paranjpe
Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.
Wipro, India's third-largest software exporter, said a deluge of outsourcing orders helped the company see its third-quarter jump 9.6 percent.
The BSE Sensex nudged up 0.2 percent on Wednesday powered by metal producers on firm world metal prices, but trading was choppy reflecting investor concern about inflation and a looming rate rise.
Infosys Technologies' weaker-than-expected results sparked concerns over growth rates of India's showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility.
Export-driven software services companies are set to report robust growth in quarterly earnings and a firm outlook, driven by an expected increase in clients' technology budgets.
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 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.
India’s third biggest software services company Wipro Ltd is building the nation’s fastest supercomputer for space agency Indian Space Research Organization (ISRO) to help the agency crunch large volumes of data that is critical for designing complex launch vehicles.
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.
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.
Wipro Ltd said its global consulting, system integration and its outsourcing business unit Wipro Technologies has opened its new development center in Budapest, Hungary, to service Magyar Telekom, Hungary’s biggest telecom service provider.
The Azim Premji Foundation plans to establish schools in every district in India to facilitate attainment of objectives laid down in the National Policy for Education.
Vodafone Essar, a subsidiary of Vodafone Group has signed a contract with Wipro, for its telecom services for enterprise business customers.
Azim Premji, India’s third richest man and chairman of Wipro, India’s third largest software services company, will transfer 213 million equity shares, or about 8.6 percent of his stake, valued at 88.46 billion rupees ($2 billion), to a private trust controlled by him.
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.
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.
Infosys has voiced concern over Ohio's move to ban IT outsourcing to offshore locations such as India.
