Information Technology

Indian IT firm Infosys sacks 2,100 employees

Indian IT firm Infosys sacks 2,100 employeesNew Delhi - With business shrinking in face of a global economic downturn, Indian outsourcing major Infosys has sacked 2,100 employees, and described them as "poor performers," news reports said Saturday. "Some of these employees have been asked to go while some have left on their own," V Balakrishnan, chief financial officer of Bangalore-headquartered Infosys was quoted as saying by the PTI news agency.

The company put the employees on a performance improvement courses and those who showed no change were asked to leave, while some quit, Balakrishnan said.

IT industry hails BJP’s tech vision

IT industry hails BJP’s tech visionIndian IT firms termed BJP's tech vision as a good opportunity for IT firms, facing the heat of global slowdown and tight financial conditions.

Bharatiya Janata Party recently announced its IT vision document, after consultation with heads of leading IT firms, in which the party committed to create 12 million IT-enabled jobs for rural Indian segment by increasing the use of technology in different economic domains.

Empower women for inclusive devp: Sule

The NCP leader was addressing a seminar organised by IsquareIT

Rajya Sabha member and NCP leader Supriya Sule on Friday stressed the need for women's empowerment to achieve inclusive development in the truest sense.

Sule was delivering a lecture on 'Women Prowess' at a seminar organised by the International Institute of Information Technology (IsquareIT) as part of the International Women's Day celebrations on its Hinjewadi campus.

MphasiS may hire more Americans for tax sops

will first evaluate costs and client willingness to increase onsite work

MphasiS Ltd, the Bangalore-based IT services firm that is now a part of international technology giant Hewlett-Packard, may add more Americans to its workforce to avail the tax breaks announced by US President Barack Obama on February 25.

Speaking to DNA Money, Ganesh Ayyar, chief executive officer, MphasiS Ltd, said, "The option of increasing Americans in our workforce is open to us in view of the recent announcements by US authorities. However, we will have to factor in many other things before that, like onsite cost versus margins. We also have to evaluate client willingness."

No tax breaks for firms offshoring jobs: Obama

IT experts worried, but say no long-term threat to outsourcing

US president's Barack Obama's proposal to end tax breaks for corporations that ship jobs overseas has sent BPO and IT industry pundits in India scurrying for their calculators to calculate its impact on offshoring.

"We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas," Obama said in his maiden address to the joint session of the US Congress.

Coming soon after the brouhaha over the H1B visas cornered by top Indian professionals, Obama's proposal on outsourcing has caused worry.

Indian IT service sector to do well despite all odds

Union Commerce Minister, Kamal NathGovernment has asked Indian outsourcing MNCs, hit by slowdown, to explore domestic market, a potential segment that required being to be contemporary of technology, to overcome low demand situation aroused in the wake of global financial crisis.

Commerce Minister, Kamal Nath, while addressing a conference of Software and Services Companies (NASSCOM) in Mumbai, said, "The current global downturn is an opportunity for India's IT industry to look inwards. There is a huge reservoir (of business) to be tapped" across rural India."