Tata Consultancy Services aims to hire 25000 people this year
Tata Consultancy Services is the largest IT Company in India.
The company has revealed that they are aiming to hire around 25000 workers this year in their offices around the world.
Bulk of these hiring would be made in India.
This number might look pretty high [...]
N Chandrasekaran would become the next CEO of TCS
Tata Consultancy Services has announced that N Chandrasekaran would take over as the company CEO later this year.
N Chandrasekaran is currently the chief operating officer and executive director of the company.
TCS is India’s leading software company.
The company said that the appointment of the new CEO would be [...]
Tech Mahindra: Satyam has excess staff
Tech Mahindra has admitted that Satyam in its current form is overstaffed by around 10,000 workers.
The company is the new parent of the fraud hit Satyam Compute Services.
Mahindra said that they would definitely need to lower the headcount in the company to make it profitable again.
Vineet Nayyar CEO [...]
Tech Mahindra claims Satyam is already gaining new business
Tech Mahindra has announced that their new subsidiary Satyam has already started gaining new business.
The company has reportedly won some new projects as it looks like it might soon come back on its feet.
Anand Mahindra spoke about Satyam: “As far as I am concerned, since [...]
Tech Mahindra could be the new owner of Satyam
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Market sources say that Tech Mahindra has emerged as the winner of the bidding process for Satyam.
The company offered Rs 58 per share for the company. [...]
Infosys let go 2,100 employees
Indian IT Company Infosys has announced that they are firing around 2100 workers from their operations in the Indian market.
The company said that these workers are being fired due to poor performance history.
Infosys said that the decision was taken after the annual performance appraisal exercise that was concluded last month. [...]
HCL Technologies signs a deal with Xerox
Xerox has announced an outsourcing deal with Indian IT company HCL Technologies.
The deal is said to be worth around USD 100 million and it would last for a period of six years.
HCL would now be managing disaster-recovery preparation along with consolidating Xerox’s data centres in North America [...]
Satyam might announce their new owner on April 13
Satyam is looking for a new parent and they might make an announcement this coming April 13.
The company board has extended the deadline to submit technical and financial bids to April 13 from April 9.
The bidders had sought more time to go through the company’s financial [...]
IBM might be interested in Satyam
Economic Times has reported that IBM is one of the eight bidders for the Indian IT giant Satyam.
Private equity firm Apax Partners is said to be another party involved in the bidding process.
Larsen & Toubro, Tech Mahindra and Spice Group are other parties mentioned in the report.
IBM has [...]
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 [...]
