IBM India MD Sandip Patel said that he wanted to be clear with his employees about the "much talked about" topic of moonlighting, adding that it could create a lot of confusion if not explained at a granular level.
According to the filings, the decline in revenue was driven by lower reimbursement billings and renegotiation of some long-term contracts.
With customers moving to technology platforms, banks are fulfilling only last-mile connectivity. They are losing out on key customer data that are a huge differentiator. IBM India is pinning hopes on these factors.
While there is panic over job losses in the industry, the government and IT governing body Nasscom say that the current year is no different than any other.
FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.
As many as 14 foreign investment proposals including that of IBM India, Janalakshmi Financial Services and Macmillan Publishers International will come up for consideration before the inter-ministerial body FIPB later this week
This week on Skilltree Workplace Excellence, get a sneak peek into the work practices at the renowned multinational, technology and consulting corporation, IBM India and the people policies practiced at a global purpose led professional services organisation, Ernst and Young.
Technology giant IBM is planning to set up its second data centre in India to cater to the demand from various sectors including financial services and government.
"India is ready and open for investment and the US is eager to move in," said Mukesh Aghi, president of US India Business Council (USIBC), the apex trade and business advocacy group for American businesses having a foothold in India.
In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of tax liability or the nature of the notice.
Both ITC and Infosys are ranked at the third position. There are a total of four Tata Group companies on the list, while as many as ten PSUs have made it into the rankings, global business magazine Fortune's Indian edition said on Tuesday.
Hello and a warm welcome to each and everyone of you. You are here today with me at one of the biggest cities of Tata Crucible across this nation, Bangalore.
To go after big projects, you need to move people from their comfort zones, says Shanker Annaswamy
Rajiv Bajaj of Bajaj Auto, Shanker Annaswamy of IBM India, Vinita Bali of Britannia and Manish Sabharwal of TeamLease Service talk about the transformational changes their businesses make as they push their companies to become leaders in their respective fields.
Strong double-digit growth in the near-term - That's the target IBM has set itself at its annual customer meet in Mumbai, reports CNBC-TV18's Kritika Saxena.
Tata Crucible, the coporate edition 2011 brings to you coporates in the country from more than 18 cities fighting out for the top position.
Top 200 IT companies in the country like TCS, Infosys, HP and Cognizant logged a combined revenue of USD 84 billion (Rs 3,84,250 crore) in FY'11, growing at 25% over the last year, a study today said.