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Computers - Software News

  • TeamIndus inks pact with ISRO; aims to raise $45 mn by Oct`17

    TeamIndus inks pact with ISRO; aims to raise $45 mn by Oct'17  

    TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires privately funded teams to land their spacecraft on the surface of the moon, travel 500 metres and broadcast high definition video, images and da...

    02 Dec 2016, 9.04 am  |  Source: PTI

  • Hinduja Ventures sells stake in group firms

    Hinduja Ventures sells stake in group firms  

    The company added that the transaction pegged IMCL equity valuation of Rs 3,444.06 crore as per independent valuation by third party.

    01 Dec 2016, 10.08 am  |  Source: PTI

  • Wipro to sell EcoEnergy business to Chubb Alba for USD70 mn

    Wipro to sell EcoEnergy business to Chubb Alba for USD70 mn  

    Chubb Alba is an indirect subsidiary of United Technologies Corporation (UTC), which is a major US multinational with sales of USD 56 billion and has 2 lakh employees.

    30 Nov 2016, 9.28 pm  |  Source: PTI

  • L&T Infotech ties up with `Akshaya Patra` to promote literacy

    L&T Infotech ties up with 'Akshaya Patra' to promote literacy  

    As part of the CSR initiative by L&T Infotech, the company will sponsor mid-day meals of these children as well as provide a bus to transport the cooked food to the schools, a company statement said.

    30 Nov 2016, 12.36 pm  |  Source: PTI

  • LIC preps up to vote in Tata EGMs called for Mistry`s removal

    LIC preps up to vote in Tata EGMs called for Mistry's removal  

    LIC's board members will hold a separate discussion to look in to and verify the claims made by Tata Sons for Mistry's removal in each group company and analyse the performance of these companies during his tenure, reports Mint.

    30 Nov 2016, 9.47 am  |  Source: Moneycontrol.com

  • Fearing tighter US visa regime, Indian IT firms rush to hire

    Fearing tighter US visa regime, Indian IT firms rush to hire  

    Indian companies including Tata Consultancy Services (TCS), Infosys and Wipro have long used H1-B skilled worker visas to fly computer engineers to the U.S., their largest overseas market, temporarily to service clients.

    28 Nov 2016, 11.55 am  |  Source: Reuters

  • Top exec says Trump`s bark worse than his bite

    Top exec says Trump's bark worse than his bite   

    It is difficult to predict which way US President-elect Donald Trump will move in terms of policy but his 'bark is worse than his bite' and it is unlikely that Trump will make those fundamental changes that everyone expects, said ...

    28 Nov 2016, 10.20 am  |  Source: CNBC-TV18

  • IT underestimated hostile biz climate, tech change speed: Pai

    IT underestimated hostile biz climate, tech change speed: Pai  

    On the impact of President-elect Donald Trump, Brexit and possible trade barriers on Indian IT, the technology investor said he expects it to be "very marginal".

    27 Nov 2016, 3.46 pm  |  Source: PTI

  • TCS to implement unified global process blueprint for ASML

    TCS to implement unified global process blueprint for ASML  

    Recently, TCS set up an exclusive centre for ASML in its Hyderabad campus, which was inaugurated by chief information officer, Louis Luijten and executive vice president and chief financial officer of ASML, Wolfgang Nickl.

    24 Nov 2016, 2.18 pm  |  Source: PTI

  • FC Kohli debunks Cyrus Mistry`s TCS sale claim

    FC Kohli debunks Cyrus Mistry's TCS sale claim  

    F C Kohli, the first chief executive of TCS, today rebutted ousted chairman Cyrus Mistry's claim that Tata Group at one point wanted to sell the software major, now considered its crown jewel, to global tech giant IBM.

    24 Nov 2016, 7.32 am  |  Source: PTI

  • Tata Elxsi grows manpower by over 20% from July 2016

    Tata Elxsi grows manpower by over 20% from July 2016  

    The addition, the highest in Tata Elxsi's history, was done with the long-term goal of growing globally-integrated executives with the right skills and capabilities, it said in a statement.

    23 Nov 2016, 10.10 pm  |  Source: PTI

  • Ex TCS CEO says at no point Tata Grp intended to sell co to IBM

    Ex TCS CEO says at no point Tata Grp intended to sell co to IBM   

    Cyrus Mistry has commented on an issue he was not fully aware of, says Senior Advocate HP Ranina. FC Kohli is the best person to ask on this subject.

    23 Nov 2016, 7.06 pm  |  Source: CNBC-TV18

  • Infosys invests Rs 31.6 cr in Stellaris Venture Partners

    Infosys invests Rs 31.6 cr in Stellaris Venture Partners  

    Infosys has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, the company said in a statement.

    23 Nov 2016, 5.34 pm  |  Source: PTI

  • Ratan Tata tried to sell TCS, made Corus deal expensive: Mistry

    Ratan Tata tried to sell TCS, made Corus deal expensive: Mistry  

    "It is important to set the record straight since insinuations and leaks are being made explicitly to create an illusion that Mistry was a 'hands off' chairman and TCS/JLR were on 'auto-pilot' during his leadership," Mistry's offi...

    23 Nov 2016, 8.08 am  |  Source: PTI

  • TCS, JLR not on auto-pilot during my tenure: Mistry

    TCS, JLR not on auto-pilot during my tenure: Mistry   

    Mistry’s office has hit back on a Tata Sons’ November 10 note, which according to Mistry, creates an illusion that he was a 'hands off' Chairman and TCS and JLR were on auto-pilot during his leadership.

    22 Nov 2016, 6.28 pm  |  Source: CNBC-TV18

  • Mistry`s conduct caused harm to TCS, stakeholders: Tata Sons

    Mistry's conduct caused harm to TCS, stakeholders: Tata Sons  

    Tata Consultancy Services, in the notice for the extraordinary general meeting of shareholders called at the instance of Tata Sons to remove him as director on company board, said the main promoter says Mistry has "lost confidence...

    22 Nov 2016, 8.00 am  |  Source: PTI

  • Mistry`s conduct caused enormous harm to co, stakeholders: TCS

    Mistry's conduct caused enormous harm to co, stakeholders: TCS  

    In a notice to shareholders seeking his removal, India's largest software exporter said Mistry had "lost confidence" of Tata Sons - the company's largest shareholder and holding company of the USD 103-billion Tata Group.

    21 Nov 2016, 5.52 pm  |  Source: PTI

  • Brexit good for IT; Trump`s visa policy under watch: L&T Info

    Brexit good for IT; Trump's visa policy under watch: L&T Info   

    Speaking to CNBC-TV18 Sanjay Jalona, CEO & Managing Director of L&T Infotech said that it is too early to talk about the impact of Brexit or Trump victory on India's IT sector. However, he maintained that Brexit will be an opportu...

    18 Nov 2016, 12.14 pm  |  Source: CNBC-TV18

  • Leading BPO HGS is unfazed by Trump win, optimistic about growth

    Leading BPO HGS is unfazed by Trump win, optimistic about growth  

    Business outsourced to India from US was presumed to come under jeopardy due to such rhetoric but Srinivas Palakodeti, Global CFO of Hinduja Global Solutions (HGS) feels that it is too early to have a clear sense of what may happe...

    18 Nov 2016, 10.25 am  |  Source: Moneycontrol.com

  • Infosys CEO says Trump election may weigh on margins

    Infosys CEO says Trump election may weigh on margins  

    "Margins might be impacted in the near-term," Chief Executive Vishal Sikka said, adding the company had not yet done any simulations on how large the impact may turn out to be.

    18 Nov 2016, 9.15 am  |  Source: Reuters

  • Mistry skips 2 key board meets of Tata group firms

    Mistry skips 2 key board meets of Tata group firms   

    Mistry did not attend a board meeting of Tata Consultancy Services (TCS) in the morning and was also not present at Tata Sons' first board meeting since his removal on October 24.

    17 Nov 2016, 8.34 pm  |  Source: PTI

  • TCS EGM on Dec 13 to consider removal of Mistry as director

    TCS EGM on Dec 13 to consider removal of Mistry as director  

    Within days of Cyrus Mistry's ouster as Chairman of Tata Consultancy Services, the IT giant today decided to convene an extraordinary general meeting on December 13 to seek shareholders' nod for removing him from the board.

    17 Nov 2016, 8.34 pm  |  Source: PTI

  • After TCS meet, Mistry skips Tata Sons meeting today

    After TCS meet, Mistry skips Tata Sons meeting today   

    The board of Tata Consultancy Services (TCS) had an unscheduled meeting early today to discuss the plan for an extraordinary general meeting to seek removal of Cyrus Mistry, reports CNBC-TV18. Mistry is believed to have stayed ab...

    17 Nov 2016, 3.00 pm  |  Source: CNBC-TV18

  • Tata Sons board meet may discuss removing Mistry`s proxy powers

    Tata Sons board meet may discuss removing Mistry's proxy powers   

    The much-awaited Tata Sons board meet today will deliberate on stripping the ousted chairman Cyrus Mistry's proxy powers -- which allow him to cast votes and turn up for shareholder meetings of group companies, reports The Economi...

    17 Nov 2016, 7.44 am  |  Source: Moneycontrol.com

  • Tata-Mistry feud: Key board meets of 2 Tata group cos today

    Tata-Mistry feud: Key board meets of 2 Tata group cos today  

    The board of Tata group's main holding company Tata Sons is scheduled to meet at its headquarters Bombay House in afternoon for a pre-scheduled meeting, sources said.

    17 Nov 2016, 7.30 am  |  Source: PTI

  • Nasscom may lower IT export revenue growth forecast tomorrow

    Nasscom may lower IT export revenue growth forecast tomorrow  

    The industry body had already indicated that it will revise downwards its export revenue growth outlook for the ongoing fiscal amid global macroeconomic uncertainties and impact of Britain's exit from the European Union.

    15 Nov 2016, 7.32 pm  |  Source: PTI

  • Tata-Mistry spat unlikely to hit TCS operations: Analysts

    Tata-Mistry spat unlikely to hit TCS operations: Analysts  

    Under Chandrasekaran's leadership, Tata Consultancy Services has stood its ground amidst formidable competition from the likes of Infosys, Tech Mahindra, IBM, Accenture, Wipro, HCL among others, he added.

    13 Nov 2016, 12.04 pm  |  Source: PTI

  • Top six companies lose Rs 91,800 cr in market valuation

    Top six companies lose Rs 91,800 cr in market valuation  

    While TCS, RIL, ITC, Infosys, HDFC and HUL suffered losses in their market valuation for the week ended Friday, HDFC Bank, ONGC, SBI and CIL made gains.

    13 Nov 2016, 12.00 pm  |  Source: PTI

  • Mindteck reports financial results for the six months period

    Mindteck reports financial results for the six months period  

    Mindteck (India) Limited, a global technology company, today reported its unaudited financial results for the half year ended September 30, 2016.

    11 Nov 2016, 7.12 pm  |  Source: PTI

  • Infosys invests in US-based TidalScale

    Infosys invests in US-based TidalScale  

    The California-headquartered firm's solution collates all physical server resources as if it were running on a single large computer to help clients with large computing problems.

    11 Nov 2016, 3.02 pm  |  Source: PTI

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