Satyam Computer Services to remain independent
Tech Mahindra are the new owners of Indian IT Company Satyam Computer Services.
They have announced that Satyam would function as a standalone unit in the near future.
Tech Mahindra said that they near future goal is to retain the existing customers and win back any business that has been [...]

HP Software University established
Hewlett Packard is collaborating with Indian Institute of Hardware Technology to launch the HP Software University.
HP said that this project is the first of its kind programme in the non-enterprise training space.
The aim is to train people in software testing to meet the growing demand for such professionals in [...]

Telstra said to have terminated contract with Satyam
Australian telecom services provider Telstra is said to have terminated their outsourcing contract with Satyam.
The contract is said to be worth around $32 million per year.
Market reports say that the contract has now gone to EDS which is part of the US based giant Hewlett Packard.
Satyam [...]

Satyam Computer Services cuts variable pay of employees
Satyam Computer Services has announced that they are cutting the variable pay of its staff.
This step is part of the company’s ongoing ‘cost rationalization’ exercise.
Satyam is currently recovering from a major fraud by its former CEO that was discovered just a couple of weeks ago.
It is under a [...]

TCS to review variable pay to employees to cut costs
Indian IT giant TCS has announced that they are going to review the variable pay of their employees in an attempt to cut costs.
The company said that they are not planning to cut employee salaries.
TCS CEO and MD S Ramadorai said in a statement: “We [...]

Sirius XM could file for Bankruptcy
The New York Times has reported that US based satellite company Sirius XM Radio could soon file for bankruptcy.
The report said that the company has hired advisers to prepare for a possible bankruptcy filing.
It is not clear whether bankruptcy filing would hit the services being delivered to the subscribed [...]

TCS to cut costs by freezing lateral hiring
TCS is one of the largest IT companies in the Indian market.
The company is not untouched by the ongoing economic crisis.
TCS has said that they are going to cut costs by taking steps including freezing lateral hirings.
The company assured that they would honor its commitment [...]

Indian Government has no plans to offer bailout to Satyam
The Indian government has now stated that they are not going to provide any bailout package for Satyam.
Satyam is currently in a financial mess after it was revealed that the top management were involved in a major fraud.
The government however did say that they [...]

IBM to open a new support center in Iowa
US based tech giant IBM has announced that they are establishing a new computer support center in Iowa.
This center would create as many as 1,300 new jobs in the region.
This news comes at a time when most other tech giants are cutting jobs to save [...]

Wipro Technologies too on the World Bank BAN list
Satyam was not the only company to feature on the World Bank ban list.
Wipro Technologies is another major Indian IT company to feature on the list.
Wipro was added on the ban list in 2007.
The reasons are same. Wipro officials are said to be guilty [...]