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Archive for the 'Infotech' Category

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iGate-Patni ties up with Rio Tinto ready to provide R&D Engineering Services

iGate Patni systems is all up to fulfill a an outsourcing order with Rio Tinto PLC, which is world’s third mining company the two companies issued a statement about this. iGate Patni Rio Tinto is planning to spend about $60 million to $80 million over the next five years during this tie-up. This partnership will […]

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Electronics Policy Targets $400 Billion Electronics Production In India By 2020

LG Electronics Logo

China has always been the leader in electronics production around the world. Looks like India is soon going to be the leading electronics producer as it currently is when it comes to software production. According to the new electronics policy to be announced soon, the Govt. is targeting a of produce $400 billion worth of […]

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Tech Mahindra and Mahindra Satyam To Merge

Tech Mahindra Logo

IT Giants Tech Mahindra and Mahindra Satyam will soon merge into one single company. The board of members of both the companies have finalised the merger of Tech Mahindra and Mahindra Satyam, helping India’s fifth largest software service providing company to hold a lion share in the market. Tech Mahindra currently has a market cap […]

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Accenture & Yahoo Launch “Innovation Jockeys” – Countrywide Talent Hunt

Innovation Jockeys from Accenture & Yahoo

Accenture has launched a contest for finding out India’s most talented and bright students across all college campuses in the country. The contest is called “Innovation Jockeys” and is being organised in association with Yahoo! The theme of the contest is “Everyday Innovations for Home, College and City” and aims at finding out ideas and […]

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MindTree and Netbiscuits to distribute web apps in mobiles

IT company MindTree with Netbiscuits, a cloud computing company, is planning to deliver the web applications in all the mobile phones. In this joint venture, the subscribers will be able to use mobile phones as an engagement channel with other customers, according to a press statement. MindTree IT Company  Netbisuits Technology is helping the brands […]

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Snapdeal to recruite 500 people in next 6 months

The well renowned e-commerce company, Snapdeal is all ready to increase their pay rolled employees in coming six months by recruiting 500 people. This company is having 15 million users all over the country and is paying 1,000 employees in their company. Snapdeal “We are happy to observe our 80-90% trafficking month by month over […]

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Ittiam Systems Revenue Crosses $20Million Mark

Ittiam Systems Logo

Ittiam Systems, a company that works on the Intellectual Property (IP) Licensing Business Mode, today announced that its annual revenue crossed the US$20 million mark for the fiscal year ending March 2012. Of this total income, royalty income contributed to more than 35%. Ittiam Systems started out in 2011 and has been a leading supplier of media processing […]

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Budget 2012: General Anti-Avoidance Rules introduced, IT dept is more powerful now

Department of Income Tax

It was expected that General-Anti Avoidance Rules (GAAR) is introduced in the financial budget of 2012-13. This rule is giving more power to the income tax department. They can deny tax benefit if they are observing any kind of way to avoid the tax payments to the government. For example, if an entity is well […]

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