Informatica Plans Expansion (March 05, 2007)
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>