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Mid-tier IT firms may hike wages 7-12% to retain talent       16th-Jun-2013
Mid-tier IT firms such as Tech Mahindra and MindTree may raise salaries by 7-12 percent this fiscal to ensure they do not lose talent to top players TCS, Infosys and Wipro, according to HR service providers.
Narayana Murthy at AGM: Infosys rebuilding to take 3 yrs       15th-Jun-2013
Narayana Murthy, the founder of Infosys, who was recently brought back to the company board as executive chairman today said that it will take him at least three years to rebuild the ‘desirable’ Infosys.
Tech Mahindra appoints Milind Kulkarni as CFO       14th-Jun-2013
Kulkarni has been serving the company as its senior vice president for finance till now and will take charge as the new CFO with immediate effect, the firm said in a filing to the BSE.
Wipro hikes offshore salary by 6-8%; onshore by 2-3%       13th-Jun-2013
Wipro has hiked salary of offshore employees by an average 6-8 percent and of of onshore employee by 2-3 percent effective June 2013.
Murthy's return boon for staff; Infosys hikes salary by 8%       13th-Jun-2013
Narayana Murthy's return proves to be boon for employees, the company annouces an average 8 percent salary hike higher than 6 percent provided last year.
Infosys hikes pay across the board after Murthy's return       13th-Jun-2013
The pay increase will be effective July 1 for most staff, while the company's global sales force will see increases effective May 1, the company said.
Will maintain vol expansion depite rupee fall: Persistent         12th-Jun-2013
Persistent Systems profits and margins have not been affected by rupee depreciation as the company hedges some of its revenues and will continue to adopt that strategy.
Will complete Tech Mah, Satyam merger in 8 weeks: Nayyar          11th-Jun-2013
Vineet Nayyar the chairman of Mahindra Satyam aims to complete the merger of its company with Tech Mahindra in eight weeks following a clearance for amalgamation from Andra Pradesh High Court
IT cos set to get a rupee depreciation boost in Q1       11th-Jun-2013
Ankita Somani of Angel Broking says every 1 percent change in Rupee will boost margins of software service exporters by 30-40 bps.
Tata Consultancy may cut up to 290 jobs in Finland       6th-Jun-2013
TCS, whose Finnish customers include Nokia Oyj , has 800 employees in Finland, a company spokesman said.
TCS concludes negotiations with Finnish employees       5th-Jun-2013
TCS began negotiations with its Finnish employees on April 23 this year, as part of a process to streamline its operations in the business unit and harmonise them with its established global model.
TCS, Cognizant among vendors to bag UK's Network Rail deal       5th-Jun-2013
UK-based Network Rail has roped in five IT vendors, including TCS, Cognizant and Accenture to design, build and manage its IT infrastructure in a deal estimated at GBP 350 million.
Tata Consultancy Services wins deal from UK's Network Rail       5th-Jun-2013
Tata Consultancy Services will provide "next generation" IT solutions to Network Rail, which owns Britain's railway infrastructure.
Big churn in Infosys: Balakrishnan to head Lodestone       5th-Jun-2013
In the first significant reshuffle after recalling founder NR Narayan Murthy, Infosys on Tuesday replaced its subsidiary Lodestone's chairman BG Srinivas with V Balakrishnan, its former chief financial officer.
To revive Infosys, Murthy must revamp sales, culture       4th-Jun-2013
Some industry experts say Infosys's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals like Tata Consultancy Services Ltd and HCL Technologies Ltd.

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