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Aug 14, 2014

Reliance Communications profit up on higher tariffs

MUMBAI (Reuters) – Reliance Communications Ltd reported a 22 percent rise in quarterly net profit after the telecom services provider raised voice call rates by about a fifth earlier this year.

Leading Indian mobile carriers raised prices after a 2012 court order revoked some licenses which had increased competition and depressed prices.

Aug 14, 2014

India’s Reliance Communications profit up on higher tariffs

MUMBAI, Aug 14 (Reuters) – India’s Reliance Communications
Ltd reported a 22 percent rise in quarterly net profit
after the telecom services provider raised voice call rates by
about a fifth earlier this year.

Leading Indian mobile carriers raised prices after a 2012
court order revoked some licenses which had increased
competition and depressed prices.

Jul 17, 2014

Outsourcing deals boost quarterly net profit at TCS

MUMBAI (Reuters) – Tata Consultancy Services (TCS.NS: Quote, Profile, Research), India’s biggest software services exporter, posted a 26.9 percent increase in quarterly net profit, as it won large outsourcing deals from Western clients in sectors including retail and life sciences.

TCS, which counts Cisco (CSCO.O: Quote, Profile, Research) and Hewlett-Packard (HPQ.N: Quote, Profile, Research) among its customers, has increased profits at a faster pace than rivals Infosys Ltd (INFY.NS: Quote, Profile, Research) and Wipro Ltd (WIPR.NS: Quote, Profile, Research), which have both had internal management changes over the last two years.

Jul 17, 2014

Outsourcing deals boost profit at India’s Tata Consultancy

MUMBAI, July 17 (Reuters) – Tata Consultancy Services
, India’s biggest software services exporter, posted a
26.9 percent increase in quarterly net profit, as it won large
outsourcing deals from Western clients in sectors including
retail and life sciences.

TCS, which counts Cisco and Hewlett-Packard
among its customers, has increased profits at a faster pace than
rivals Infosys Ltd and Wipro Ltd, which have
both had internal management changes over the last two years.

Jul 15, 2014

China’s Xiaomi to invest in India, launches budget smartphones

MUMBAI (Reuters) – China’s Xiaomi said it intends to invest heavily in India as the budget smartphone maker launched on Tuesday its flagship Mi phone and other products in the world’s third largest smartphone market, currently dominated by Samsung Electronics Co Ltd.

Xiaomi’s International Vice President Hugo Barra, a former Google Inc executive who joined last year, said the company does not expect to turn a profit in India any time soon.

Jul 14, 2014
via India Insight

Software products bring hot career choices as India looks beyond IT services

Photo

When Zomato was setting up shop six years ago, the online restaurant search service had to woo engineers, but many weren’t interested in working for an unknown company. Instead, they wanted to work for larger and prestigious names. Slowly, that is changing.

Indian companies such as Zomato and Flipkart, which make their own technology products rather than provide services are becoming more attractive to the country’s engineering school graduates, and are hiring more people as they alter technology industry hiring patterns.

Jun 13, 2014

Newsmaker – New CEO Sikka to revive Infosys with tech, boardroom savvy

MUMBAI (Reuters) – Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom, skills the new chief executive of Infosys Ltd (INFY.NS: Quote, Profile, Research) will need to turn around a company that was once the poster child of India’s $108 billion IT services industry.

Sikka, a former senior executive at German software giant SAP AG (SAPG.DE: Quote, Profile, Research), takes over as India’s second largest IT services exporter struggles to retain staff and market share.

Jun 13, 2014

New CEO Sikka to revive India’s Infosys with tech, boardroom savvy

MUMBAI, June 13 (Reuters) – Vishal Sikka is equally
comfortable designing cutting-edge software as he is negotiating
in the boardroom, skills the new chief executive of Infosys Ltd
will need to turn around a company that was once the
poster child of India’s $108 billion IT services industry.

Sikka, a former senior executive at German software giant
SAP AG, takes over as India’s second largest IT
services exporter struggles to retain staff and market share.

Jun 12, 2014

Infosys names first external CEO in turnaround bid

MUMBAI (Reuters) – Infosys Ltd, India’s second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like cloud computing and stem a staff exodus.

Vishal Sikka, a former member of executive board at German software company SAP AG, has the technical savvy to herald what analysts expect will be a strategy overhaul at Infosys, which, like its competitors Tata Consultancy Services Ltd and Wipro Ltd, has relied on labour-intensive, low-margin contracts from Western clients.

Jun 12, 2014

Infosys names first external CEO; chairman Murthy to step down

MUMBAI, June 12 (Reuters) – India’s Infosys Ltd
named former SAP AG top executive Vishal Sikka as
Chief Executive Officer, the first time it has not chosen one of
its founders for the role, as it looks to regain market share
and stem a staff exodus.

India’s second-largest IT services exporter said Executive
Chairman N.R. Narayana Murthy would step down on Saturday,
nearly a year after he was brought in from retirement to help
the company better compete with rivals including Tata
Consultancy Services and Wipro.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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