Bulls & Bears
Infosys Senior Vice President calls it quits
January 3, 2012 By V. Ganesh Infosys has seen yet another high profile exit in its middle top management. Binod Hampapur Rangadore or HR Binod as he is known in the IT circle, who was the Senior Vice-President and Global Head for Corporate Relations, has resigned from the company after almost 20 years. According […]
Wipro gets shareholders’ approval for demerger
December 29, 2012 By V. Ganesh Shareholders of Wipro have approved the company’s demerger plan. In a statement published on the company’s Web site, Wipro said, “We write to inform the stock exchanges that the shareholders at the court convened meeting held on December 28 have approved the scheme of arrangement between Wipro Ltd, […]
Uncertain future
December 28, 2012 By V. Ganesh The $100-billion Indian IT sector is at crossroads. On the one hand, its growth rate for the fiscal 2013 is under severe pressure due to volatility in developed economies like the US and Europe. On the other, increasing questions are being asked on the revenue model of Indian IT […]
Infosys to defer hiring…according to schedule
December 27, 2012 By V. Ganesh Bangalore-based IT company, Infosys Ltd, is likely going forward with its plan to defer joining dates of roughly half of the 35,000 employees it was previously expected to recruit during the coming fiscal year. If the company defers recruitment of 17,000 to the first half of the coming fiscal […]
Visa wars & lawsuits galore!
Yep, Infy has done it again! August 9, 2012 By V. Ganesh Another Infosys employee has filed a lawsuit against Infosys, alleging that he too was harassed in retaliation for blowing the whistle on visa fraud. Mr. Satya Dev Tripuraneni, an Indian American who worked for five years at the Infosys Silicon Valley office in […]
Harman acquires telematics firm Interchain
August 8, 2012 By V. Ganesh Harman, maker of home and car audio entertainment systems, has acquired Bangalore-based Interchain Solution. The size of the deal was not disclosed. Interchain Solution is a technology product company that specialises in developing telematics, fleet management, Android-based in-vehicle infotainment and location-based solutions. Telematics is a technology that uses […]
IT’s a change of hierarchy
August 2, 2012 By V. Ganesh Cognizant has finally knocked Infosys out of the saddle to occupy the #2 spot in the Indian IT industry. What remains to be seen is whether Cognizant can hold the reigns for very long. The $100-billion Indian IT sector is witnessing a shift in the pecking order and continues […]
OnMobile Q1 profit dwindles 34%
July 31, 2012 By V. Ganesh OnMobile has posted reduced profits of Rs 9.5 crore for the first quarter of FY13. This is a 34% drop compared with the first quarter of FY12 when the company posted a net profit of Rs 12.78 crore. However, net profit has gone up 98% sequentially compared with the […]
Kavveri Telecom acquires wireless systems division of WPCS
July 26, 2012 By V. Ganesh The next time someone in the US dials 911 during an emergency, an Indian company may be providing the technology at the backend. Kavveri Telecom, a Bangalore-based telecom products manufacturer, has bought US-based WPCS International’s wireless communications division, which makes wireless systems used by police officers, firemen and other emergency services providers. […]
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