IT industry body NASSCOM has welcomed the announcement by Prime Minister Narendra Modi, of scrapping high-value currency notes of Rs 500 and Rs 1000 denomination, and replacing the Rs 500 notes with a new design.
But along with that the employment growth rates have started to dip, NV 'Tiger' Tyagarajan says. The percentage addition of employees in India will not be same as past. And due to advancements, a workforce with higher skill sets is required for the IT industry, he says.
The US-based firm, which follows January-December fiscal, had posted a net profit of USD 62.7 million in the same period last year, it said in a statement.
As part of Rajasthan Start-Up Policy 2015, the desert state will offer incentives to the tune of about Rs 55 crore over the next five years through grants and setting up of incubators and co-working space across cities like Udaipur, Jodhpur and Kota.
Gadgets 360 degree has raised fundings at a valuation of close to USD 50 million (over Rs 325 crore), NDTV said in a statement. The other investors are Genpact founder Pramod Bhasin, Sixth Sense Ventures founded by Nikhil Arora, former Unilever Chairman Vindi Banga and Hiro Mashita, founder and director of M&S Partners.
The US-based firm, which follows January-December fiscal, had posted a net profit of USD 48.98 million in the same period last year, it said in a statement.
FinWiz visits the Gurgaon office of the pioneers of business operations in India Genpact. Established in 2005 as an independent entity, Genpact is a multinational company that designs, transforms and runs intelligent operations for a variety of industries.
Amit Chandra of Bain Capital says despite the indices hitting new all-time highs every other day, retail participation in the market has been low.
Despite Cognizant cutting its guidance, Genpact has raised its revenue guidance for the full year led by an uptick in North America and its acquisition of Pharmalink earlier this year.
Emerging India Awards jointly hosted by ICICI Bank features 3 spirited IT entrepreneurs, Manas Fuloria, MD at NAGARRO (Europe), Pankaj Chaddah, Co-Founder & COO of Zomato and Pramod Bhasin, Vice Chairman at Genpact. Watch them guide and mentor aspiring IT business minds.
The US-based firm had posted a net income of USD 61.1 million in the same period last year, it said in a release. The company, which announced yesterday its Q2 results, follows January-December fiscal year.
Electronic Data Systems (EDS) that holds 60 percent in MphasiS and is the subsidiary of HP, has been looking out for prospective buyers. Talks of a possible sale have been taking place since three years and the company has invited bids for selling its stake.
HP has invited bids for selling its entire 60 percent stake in Mphasis, sources said. The stock ended up 8 percent after touching 52-week-high of Rs 513.
BPO major Genpact on Thursday posted 21.3 per cent jump in net profit at USD 46.7 million for the first quarter ended March 31, 2013.
This week on CNBC-TV18's special show, HBL Cerebration Quiz, six teams battle for the national final.
For some quarters now the Indian BPO sector has managed to expand rapidly in contrast to the IT services sector which is still being rocked by global headwinds. So much so, that the BPO industry is now confident of surpassing NASSCOM's growth projections for the overall IT, ITeS industry for FY14.
Genpact president and CEO, NV Tyagarajan explains to CNBC-TV18 that one-off charges caused the fall in margins and net income.
Competition Commission has approved American private equity firm Bain Capital‘s proposal to acquire 30 percent stake in Indian IT firm Genpact.
The partnership leverages Genpact's capital markets domain expertise with Calypso's software to maximise effectiveness of trading and risk.
In conversation with CNBC-TV18, NV Tiger Tyagarajan, President and CEO, Genpact formally GE Capital International Services explains how the company has undergone a transformation.
US private equity firm Bain Capital Partners has won US antitrust approval to buy a major stake in technology outsourcing services provider Genpact, the Federal Trade Commission said on Friday.
The volumes of mergers and acquisitions this year has been higher than the last and the size of the deals have been considerably lower. But, August 2012 has seen the maximum number of PE deals, said Raja Lahiri.
The Shome Committee's recommendations on the Section 9 retrospective amendment will determine the tax liability of the Bain Genpact deal.
In a major development in the IT space, Bain Capital has bought 30% stake in Genpact.
One of the largest deals in the IT space may be coming close to the finish line. Private equity players Oakhill and General Atlantic have started a process to sell their stake in business process outsourcing firm Genpact and Bain Capital and Government of Singapore Investment Corp (GIC) are seen as front runners to acquire the stake.