The USD 325 million data
integration software
products company Informatica, is planning
to grow its customer
support services business
from its India centre in
Bangalore and handling
one-third of its customer
services.<More>
US Tech Spending from India to
Increase
(March 05, 2007)
A Deloitte survey reported
that the U.S. will increase
its technology services
procurement from India and
China over the next three
years with banks leading
increasing its spend of 6% of
annual IT spend of USD 44
billion to 30% by 2010.<More>
TVS Unit Sold to Finnish
Company
(March 05, 2007)
TVS Electronics is planning to
divest its electronic contract
manufacturing services
business to Finland based
Incap Corporation for Rs.
50-60 crore (USD 11-13
million) to re-focus on its
core peripherals business.<More>
Wipro in Saudi JV
(January 25, 2007)
Wipro Infotech and Dar Al
Riyadh Group formed a joint
venture called the Wipro
Arabia Ltd specifically to
cater to the IT market in
Saudi Arabia with Wipro owning
2/3rd and the Saudi partner
the rest.<More>
IT Revenues Projected at USD
47B
(January 24, 2007)
An industry review of
Information Technology and
Information Technology
Enhanced Services (IT/ITES)
projected a 28% growth revenue
from these sectors to net USD
47.8 billion and its portion
of gross domestic product
(GDP) at 5.4% in 2006-07.<More>
Call to Open Govt IT
Procurement
(January 10, 2007)
A non-profit public policy
think tank asked India to open
up government Information
Technology (IT) procurement
policies by removing
restrictions on foreign
manufactured equipment and
instituting stronger
intellectual property rights (IPR)
protection mechanisms.<More>
Next Outsourcing Wave
Anticipated
(January 10, 2007)
A recent study suggests India
would start seeing a new wave
of Business Transformation
Outsourcing (BTO) where
consultants will advice
clients on transforming
businesses, enhance
performance, and make
strategic decisions.<More>
Hardware Blossomed in 2006
(January 09, 2007)
Having established itself as a major
information technology and related
services sector, India saw an
increasing number of hardware
manufactures attracted to the
country driven largely by the
promising domestic market.<More>
Increased Foreign M&A
Projected
(December 27, 2006)
Investment bankers and
analysts project increased
merger and acquisitions (M&A)
activity in the information
technology (IT) space where
smaller Indian companies are
acquired by larger foreign
players but do not rule out a
large deals either.<More>
India Offers ICT to Brunei
(November 22, 2006)
India told a visiting
delegation from Burnei
Darussalam that it is prepared
to shared its expertise
Information Communication
Technology (ICT) to further
that nation’s plans in
e-governance, IT education, IT
parks, and cyber security to
protect critical
infrastructure.<More>
Most Sought IT Talent, Quality
Concerns
(November 13, 2006)
A recent international survey found
that India to be the top destination
for global Information Technology
companies’ hiring but also said that
India had slipped below China and
Eastern Europe where companies
planned to start operations next 3
years.<More>
Malaysia Invites Indian
Investment
(November 10, 2006)
Malaysia inaugurated a
representative office of the
Multimedia Development
Corporation (MDeC) in
Bangalore and invited further
Indian investments to the 15
kilometer (km) wide and 50 km
long special corridor
dedicated to multimedia.<More>
India 3rd Largest Investor in
Belgium
(November 08, 2006)
Making a strong pitch for Indian
investments in Belgium, visiting
Prime Minister Guy Verhofstadt said
that his country has fought red tape
and liberalized tax and labor laws
and is becoming a “magnet” for
investments making India is the 3rd
largest investor.<More>
Cabinet OKs IT Law Amendment
(October 17, 2006)
Heeding demands by Indian and
foreign customers of Information
Technology Enabled Services (ITES),
alias Business Process Outsourcing (BPO)
to address data security and privacy
protection issues, the Federal
Cabinet approved amendments to
relevant laws.<More>
Macro Indicators Strong, Agri
Worrisome
(October 11, 2006)
Although economic growth is at
7.5%-8%, inflation in check at
5%-5.5%, investments in Telecom & IT
estimated at USD 16 billion, and
more reforms on financial and retail
sector in the offing, the Indian
economy continues to roar but
Agriculture continues to be a major
worry.<More>
Satyam Looking for Japanese Acquisitions
(September 20, 2006)
Satyam Computers Services Limited revealed
that it was actively seeking to acquire many
Japanese companies and that it has already
short-listed four to five companies and will
close the deals soon.<More>
33% Higher IT Exports at USD 23.6B
(June 02, 2006)
Fourth year in a row, Information Technology (IT) and
Information Technology Enabled Services (ITES) grew at
an astounding 33% netting USD 23.5 billion from
exports and 31% domestic growth netting USD 29.6
billion.<More>
IT Exports Up 36%
(April 26, 2006)
Increased global reach of Information Technology (IT),
strong demand for qualified human resources, and
strong investments by IT companies saw India exporting
over USD 22.5 billion worth of software and services
up 36% from last year.<More>
Indian Altruism Helps China Master Software
(April 10, 2006)
A first of its kind, an Indo-Sino software research,
training, and education facility to replicate the
success of Bangalore in China has been launched near
Chengdu, provincial capital of Sichuan.<More>
UK Laws Makes Outsourcing Expensive
(April 06, 2006)
In a move that could cost Indian business process
outsourcing (BPO) companies a huge packet, United
Kingdom is introducing a law that will require BPOs to
safeguard the rights of worked made redundant because
of outsourcing.<More>
India to Dominate BPO, off shoring
(April 03, 2006)
An AT Kearney study predicted a continued 9% growth in
Business Process Outsourcing (BPO) and 47% growth in
outsourcing netting an estimated USD 28 billion and
said India will reap most of this business.<More>
SemIndia Goes to AP (February 13, 2006)
The SemIndia fabrication project to come up in Andhra
Pradesh is likely to see Government of India equity
participation speculated to be 26% of the project.<More>
IT & ITES to Bring USD 130B Revenue
(January 28, 2006)
A Forrester Research study predicted that Indian and
Information Technology (IT) and Business Process
Outsourcing (BPO) would fetch the country USD 130
billion this year.<More>
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