Information Technology
« Previous EntriesSatyam To Put 7,000-10,000 Staff On “Virtual Pool”
Tuesday, June 16th, 2009Technology outsourcer Satyam Computer Services, which has launched a cost-cutting drive to improve its bottomline, said it would put around 7000-10,000 staff on “virtual pool” as part of its strategy to manage excess staff and cut costs.
Citi, Merrill, Novartis, GSK May Drop Satyam Contracts
Saturday, January 31st, 2009Troubles keep mounting for Satyam Computer Services. Four of its large clients — Citigroup, Merrill Lynch (ML), Novartis and GlaxoSmithKlein (GSK) — are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satyam’s topline.
Pegasystems Opens R&D Centre In Hyderabad
Saturday, November 22nd, 2008Pegasystems Inc., provider of business process management (BPM) software, on Tuesday announced opening of a Research & Development (R&D) facility in Hyderabad. “The R&D facility and the state-of-the-art training centre are set up with an inve stment of $5 million,’’ said Mr Suman Reddy Endunuri, Managing Director, Pegasystems India.
Global Economy Crisis: Layoff Tracker In The Technology Sector
Sunday, November 16th, 2008The economic downturn that has resulted in tens of thousands of layoffs in the housing and financial services sectors is now bearing down on the tech industry. The rapid increase in job losses follows an increasingly pessimistic spending forecast. Job cuts in the tech sector have surged as the economic outlook has become bleaker.
To […]
IT Slowdown: On-site Assignments Being Deferred
Thursday, October 23rd, 2008One of the main lures of a career in information technology (IT), the onsite opportunities to work aboard, have come to an all-time low, thanks to the financial crisis and economic slowdown in the US.
IT Downturn: Honeymoon Is Over
Monday, September 22nd, 2008The honeymoon is over for IT professionals in Hyderabad with the employer turning king, finally. The kid glove treatment that professionals have been used to over the last few years is now fast becoming a thing of the past with the global financial crisis over the last one week snowballing into stricter working conditions in […]
Joomla Sites Exploited By Critical Vulnerabilities
Saturday, August 23rd, 2008Websites that use Joomla, an open source content management system, are vulnerable to the latest round of SQL injection attacks, says a security researcher.
Christoph Alme, a malware specialist at security firm Secure Computing, said, “There are more than five million Joomla pages out there.”
Walk Your Way To Work
Thursday, August 21st, 2008From Marredpally to Madhapur or Gopalpuram to Gachibowli, how much time does one spend to reach the workplace and return to the comforts of home? The recent times have not only changed the outlines of the city but even redefined commuting to work, for most.
Microsoft Is Truly A City Giant
Thursday, August 14th, 2008The Hyderabad centre of software giant Microsoft has become the second largest product development centre of the company outside Redmond, its headquarters.
Infosys Begins Work On 450-acre Campus At Pocharam
Sunday, August 10th, 2008IT major Infosys Technologies, which has presence in 40 countries, will spend Rs 1,250 crore over the next ten years for its new facility at Pocharam, near Hyderabad, being constructed in a 450-acre special economic zone. The work on the project, which will have a built up area of 5 million sq ft, began formally […]
Maytas Properties To Develop Three IT SEZs
Sunday, July 13th, 2008Maytas Properties, a real-estate infrastructure company backed by the promoters of Satyam Computer Services, has lined up three IT special economic zones (SEZs) in the State capital in a total extent of 148 acres.
These three SEZs would have an aggregated built up area of 16.5 million sq ft. “All these SEZs would have residential projects, […]
One Big Family: IT Companies Connect With Families
Sunday, July 13th, 2008justify”>Last week, 4,000 people—employees and families of ValueLabs, an offshore software development company— met at Sampradaya Vedika in Shilparamam for six hours of fun ‘n’ frolic ‘n’ food. The company also holds a summer camp every year for its employees’ kids on its campus. And it’s not too uncommon to see spouses and children of […]
IT Zones To Be Under Vigilant Eyes Of CCTVs
Thursday, July 10th, 2008The Cyberabad Security Council has decided to install closed circuit televisions (CCTV) at checkposts in Hi-Tec City and Gachibowli where most IT companies are located. The CCTVs will be in place in a week.
SEZ Rentals Turn Too Big For Smaller IT Companies
Saturday, July 5th, 2008Lack of clarity over norms to operate inside an IT special economic zone (SEZ) has put IT-ITeS companies in a dilemma as they plan to migrate all new IT contracts to an SEZ. Both SEZ developers and IT companies cite gray areas on basic issues like deployment of existing manpower, revenues and whether some part […]
Price Cut Fear Stares IT Firms In The Face
Friday, July 4th, 2008Ahead of the first quarter results of IT firms, worries about a cut in the billing rates for software services are dogging the sector following bigger write-offs by some global financial services majors and a continuing recession in the US affecting retail spends.
Vizag The Next Sought-after IT Spot
Friday, July 4th, 2008Visakhapatnam is emerging as the next best investment destination in Andhra Pradesh after Hyderabad. Availability of skilled labour, infrastructure and comparatively cost-effective real estate in the city makes Vizag an ideal location for IT companies.
Exensys Launches R&D Centre At Madhapur
Saturday, June 28th, 2008Exensys Software Solutions Limited, a software product company engaged in the enterprise space, IT consulting and telecom solutions, launched its second Research and Development Centre at Madhapur here.
Centre’s SEZ Move Unnerves Vizag Software Firms
Thursday, June 26th, 2008The growth path of information technology sector in Visakhapatnam seems not all that smooth, considering the recent controversies.
The Central Government’s declaration of Hill No. 2 at Madhurawada as IT Special Economic Zone (SEZ) has put the industry’s development in jeopardy as the IT companies in the zone continue to oppose the decision.
IT Firms Ask Staff Deposits
Wednesday, June 18th, 2008IT companies are seeking security bonds ranging from Rs 75,000 to Rs 2 lakh from new recruits to discourage them from moving to other firms. Software professionals who leave a job without sufficient notice period will lose the money.
Tanla Acquires Finnish Firm For Rs 80cr
Saturday, June 7th, 2008Hyderabad-based telecommunications software and services company Tanla Solutions has acquired Finland-based on-device payments for mobile applications provider Openbit Oy in an all-cash deal.
Kenexa Opens $10m Software Development Center In Vizag
Thursday, May 22nd, 2008Â Photo courtesy of Kenexa
Kenexa Corp., an American firm that specializes in helping other companies attract and retain employees, has expanded its footprint in India with the recent opening of a new $10 million software-development center in the eastern Indian port city of Visakhapatnam.
Mangalagiri SEZ: UDA Finalises Developer
Thursday, May 15th, 2008The Vijayawada, Guntur, Tenali, Mangalagiri Urban Development Authority (VGTMUDA) on Thursday finalised the name of the developer for the proposed Special Economic Zone at Amaravathi Township in Mangalagiri with only one firm bidding for the 40-acre site earmarked for Information Technology and IT Enabled Services.
IT Hirings May Drop
Sunday, May 11th, 2008It is no longer left to conjecture. The recruitment projections being made by leading Indian IT companies clearly show a 10-20 per cent drop in the number of people likely to be hired by the industry in the current fiscal year (FY) compared to the previous year.
The $ 64-billion Indian software and services industry added […]
Satyam to continue its shopping spree
Sunday, May 11th, 2008Draws up $125-m capital expenditure in 4 SEZs
With six acquisitions in about 18 months, and sitting on a cash pile of over $1 billion (Rs 4,000 crore), IT services provider Satyam Computer continues scouting for more acquisitions, according to the company’s Chief Financial Officer, Mr Vadlamani Srinivas.
The company has invested $250 million (Rs 1,000-crore) in […]
Hyderabad varsity plans knowledge park
Saturday, May 3rd, 2008In a bid to promote innovation in various streams like life sciences and engineering, the University of Hyderabad, in association with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), is setting up a Knowledge and Innovation Park.
Speaking to Business Standard, UoH vice-chancellor Seyed E Hasnain said the facility would come up on 50 acres of land […]
SPOTLIGHT - IT Sector Growth To Lose Steam
Saturday, May 3rd, 2008The IT applecart will continue to roll for Indian service providers in the coming years, but ‘Growth 2.0’ may be harder to achieve than ‘Growth 1.0’. While the IT/ITeS industry jumped at a compound annual growth rate (CAGR) of 27 per cent between 2002 and 2007, that rate may dip to 18 per cent between […]
Goldstone Infra to put up solar PV unit
Monday, April 28th, 2008Goldstone Infratech Ltd, along with June Min of TF SolarPower Pvt Ltd, and Korean equipment supplier Jusung Engineering Ltd will jointly establish a solar photovoltaic (PV) panel fabrication unit in the Fab City here.
‘Lord’ Foster to design towers in city’s IT park
Tuesday, January 22nd, 2008World-renowned architect Norman Foster will build the 100-storeyed tower of the Anil Dirubhai Ambani group and an iconic tower in the proposed IT park of BPTP in the city. These are the first projects in India to be undertaken by ‘Lord’ Foster, who restored the Reichstag in Berlin and built the Millennium Bridge in London.
‘Electronic City Project’ At Chevella To See Some Movement Soon… !!??
Sunday, January 13th, 2008Source: Eenadu
Faced with a severe paucity of land, the state government is now eyeing Wakf land for developing infrastructure projects in the vicinity of the rapidly growing Hyderabad. For starters an electronic city is being proposed to be co-developed along with the Wakf Board at Alur on the outskirts of the city.
Georgia Tech plans SEZ
Sunday, January 13th, 2008The world-renowned Georgia Institute of Science and Technology (Georgia Tech) has sought 250 acres of land in order to set up a special economic zone (SEZ) focusing on research and industrial collaboration apart from the offshore campus that the institute is planning on the outskirts of Hyderabad.
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