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FINANCIAL PERFORMANCE
Wipro Q4 net stays flat on negative billing rates
Remains cautious about near-term prospects More

iGate Q1 net income rises 71%
Bangalore, April 18 iGate Corp, an integrated technology and operations company, reported a 71 per cent increase in the first quarter net income, helped by strong growth from both new and existing clients. For the period, net profit was ... More

CMC net up 13.6%
CMC Ltd, a subsidiary of Tata Consultancy Services, has reported a 13.6 per cent rise in standalone net profit for the quarter ended March 31 to Rs 30.7 crore from Rs 27 crore reported in the corresponding quarter a year ago. However, the ... More

Sasken revenue up 11%
More

SOFTWARE
Tech Mahindra plans expanding into new markets
Tech Mahindra, a software services provider focused on the telecom domain, plans to expand business into Middle East, Africa and the Asia-Pacific region and is eyeing contracts in the application development and maintenance and BPO space. ... More

MS sees big scope for embedded products
San Jose , April 18 Microsoft Corporation has outlined how smart, handy connected devices are set to proliferate, opening up opportunities to new services and scope for developers to engage themselves in embedded products and ... More

‘Infosys competes on value, not on price, to drive growth’
Coimbatore, April 18 One of the core strategies of Infosys Technologies Ltd is to reduce the dependence on US for revenue generation and the contribution of Europe to the turnover of Infosys is moving up.But the company is not competing ... More

REGULATORY BODIES & RULINGS
DoT terminates ISP licences of 35 firms
Move aimed at weeding out non-serious players More

ALLIANCES & JOINT VENTURES
Conseco, Infosys partner
Infosys Technologies Ltd has announced that Conseco Inc has selected it for a five-year contract to provide development and maintenance services to its key business applications. Conseco — an insurance provider focused on offering financial ... More

M-COMMERCE
Way2SMS eyes mobile ad pie
Seeking to tap the potential of the mobile advertising pie, Way2SMS, a Hyderabad-based start up, is increasing its tie-ups with clients to offer services. The company, which offers free SMS to registered users, will also bring ads pertaining to ... More

OUTLOOK
Hopes to expand margins this year
Last year’s was impacted by rising rupee, investment in buy More

PEOPLE
Wipro to have 2 Joint CEOs
Three more named to board of directors More

NEW PRODUCTS & SERVICES
Tangent Solutions’ new tool
Tangent Solutions, a Hyderabad-based IT firm with office in the US, is launching an electronic solution to make Supply Chain Financing (SCF) simpler.The software, christened as ‘CashCow’ will bring together buyers, suppliers ... More

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