India IT exports picking up steam
Exports by India's flagship IT outsourcing industry are set to grow by 12 to 14 percent in the next financial year, an industry group said on Tuesday, suggesting signs of recovery.
Business
Feb 12, 2013
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Wipro profits up 18 pct on strong demand
Wipro reported an 18 percent rise in December quarter profits Friday, beating expectations as global cost-cutting drives global businesses to Indian outsourcing companies.
Business
Jan 18, 2013
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India's Infosys denies reports of 5,000 job cuts (Update)
Indian software outsourcing giant Infosys said Friday it was weeding out under-performing staff and would be asking some to leave, but denied a media report saying 5,000 workers were to be sacked.
Business
Jan 4, 2013
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Facebook to be part of Nasdaq 100 index
Facebook will become part of the Nasdaq 100 index of the largest non-financial companies listed on the electronic exchange, the market operator said Wednesday.
Business
Dec 5, 2012
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Nasscom: India's IT industry to grow 11% in fiscal year
Sales by India's flagship outsourcing industry are likely to grow by 11 percent this fiscal year to at least $75 billion in the face of a challenging business environment, an industry lobby group said Monday.
Business
Nov 12, 2012
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India's TCS says profit jumps 44%, beats estimates
India's biggest software exporter TCS said Friday its quarterly net profit jumped 44 percent, beating estimates, as outsourcing orders rose despite economic troubles in the firm's major markets.
Business
Oct 19, 2012
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Infosys profit up 5 percent, misses expectations
Profit at India's Infosys Technologies rose 4.9 percent in dollar terms for the September quarter, the company said Friday, missing expectations amid tepid demand from global clients struggling with economic uncertainty.
Business
Oct 12, 2012
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India's Infosys pays $350 mn for Swiss consultancy
Indian IT outsourcing giant Infosys said Monday it had agreed to buy Zurich-based consulting firm Lodestone for $350 million as part of its strategy to move into higher value services.
Business
Sep 10, 2012
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Indian outsourcer HCL reports 67% jump in quarterly profit
India's fourth-biggest outsourcing company, HCL Technologies, reported on Wednesday a 67 percent jump in quarterly net profit from a year earlier as client orders surged.
Business
Jul 25, 2012
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India's TCS profits rise 38%, rival Infosys disappoints
India's biggest outsourcing firm, TCS, on Thursday posted a 38 percent rise in quarterly profit, beating analysts' estimates, while earnings of rival Infosys disappointed investors.
Business
Jul 12, 2012
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