Even before the Bharatiya Janata Party (BJP) published its election manifesto and before India’s new prime minister, Narendra Modi, set out his plans for the country, there was something different about the winning campaign.
The 63 year-old candidate revolutionised electioneering in India which, until then, had relied on billboards, handouts and door-to-door appeals. Suddenly, a leading politician was active on social media, reaching out to the diaspora through Google Hangout sessions and reaching the far corners of the country with video links and holograms (pictured). Now, Modi plans to change his administration in much the same way. Read more
Shares in Infosys, the Indian IT bellwether, dropped sharply on Thursday morning after senior management tempered hopes for growth in the current fiscal year and warned that the company was facing several challenges.
The stock was down 8.4 per cent by 2 pm in Mumbai at Rs3,364. Read more
It’s all looking up for the US this week. New figures show manufacturing activity is growing at its fastest pace since April 2011. Analysts have braced themselves for better than expected jobs data on Friday. Oh – and Indian IT outsourcing companies are funnelling money into the country. Read more
“How many Chinese brands can you name?”, a Chinese host asked at the beginning of the WEF session on ‘Rebranding China’. His American interviewee, Richard Edelman, knew only three: Huawei, Air China, and Lenovo.
But this isn’t Edelman’s problem. The limited awareness about Chinese brands is mostly due to the faulty branding strategy by Chinese companies going abroad themselves. What then, can they do about it? Read more
In the past month, shares in Infosys have risen 21.1 per cent and Tata Consultancy Services has rallied 22.7 per cent. Meanwhile, shares in Wipro, India’s third largest IT company, have gained a relatively meagre 9.8 per cent.
The company’s results, out on Friday, followed positive figures from India’s other two IT giants. And comments from management suggest Wipro is ready to play catch-up. Read more
After the Bernanke boost, it’s Infosys’s turn. India’s benchmark Nifty index opened up 1.1 per cent at 6,000.50 on Friday, having gained 2 per cent in the previous session on rumblings from the Federal Reserve, as Infosys set the earnings season off to a good start.
Shares in Infosys soared 11.9 per cent to Rs2,833 by 9.30am in Mumbai, after the Indian IT bellwether reported quarterly figures that marginally beat expectations. Read more
Concerns around proposed reforms to US immigration laws have rocked India’s IT companies, which send employees to work on site with American clients.
But the president of Nasscom, India’s IT trade body, has said there’s little to worry about – the final legislation could actually benefit the Indian companies. Read more
Narayana Murthy, the co-founder of Infosys who returned to the helm of the company just weeks ago, has arrived like Santa Claus -bearing gifts.
The Indian IT bellwether has announced pay hikes for employees as it looks to boost morale at the company and keep up with peers in the industry. Read more
Shares in Infosys, the Indian IT group, bounced up 5.5 per cent on Monday morning, after the weekend announcement that Narayana Murthy would take back the reins as executive chairman of the board for five years.
But the news is hardly a positive reflection on Indian business culture. Internal age restrictions have been rejigged to allow for the return of the company’s 66-year-old co-founder who is bringing his son in as an executive assistant. If Infosys, a group that prides itself on its professional management methods, behaves like this, then so will other Indian companies. Read more
Indian makers of tablet computers are elbowing their way into the domestic market, which is expected to expand rapidly in the next few years.
Although Samsung and Apple feature strongly in the Indian tablet market, figures from the International Data Corporation, an information technology research company, show India’s two leading domestic manufacturers have grabbed a market share of more than 20 per cent. Read more
As India’s results season rolls on, Friday brings news from Wipro, which recently split its operations between information technology and non-IT businesses.
The results are generally positive – though India’s third largest IT company has disappointed markets with its forecasts for the current quarter. Read more
After acquiring a small French company last week, Tata Consultancy Services (TCS) says it is looking to make further acquisitions in Germany and Japan.
The plans were mentioned during a press conference after the Indian IT bellwether published its full-year earnings report, meeting expectations and confirming that the highly disappointing results posted by Infosys last week were not indicative of the state of India’s broader IT services sector. Read more
In January, unexpectedly positive results from Infosys sent the company’s stock soaring and set the tone for a good run of quarterly earnings for India’s information technology sector.
One quarter later and Infosys has kicked off the full fiscal year earnings season with news that has sent its share price plunging right back to where it used to be. Is this, once again, a sign of what’s to come? Read more
India’s IT companies are increasingly looking to underpenetrated markets in search of growth. And bang on trend, Mahindra Satyam, the Indian IT and business consulting services company, has bought a 51 per cent stake in Brazil’s Complex IT. Read more
Despite the threat of fierce protectionism, challenging cultural barriers and major linguistic hurdles, the giants of Indian IT are looking to break into China’s previously closed software and outsourcing industry. Read more
The sales are on this month in Europe – and Mahindra Satyam wants to go shopping.
Speaking to beyondbrics in Davos, CP Gurnani, CEO of the Indian IT giant, said his company would be actively looking for M&A opportunities in Germany and France this year. “I want to make an acquisition this year,” Gurnani said, “Germany and France are on my radar.” Read more
Investors can be a fickle lot when it comes to Indian IT.
After results earlier in the week from Infosys and Tata Consultancy Services far exceeded expectations, Wipro’s strong profits growth wasn’t enough to stop the shares taking a beating. HCL though, had an easier ride. Read more
Surrounded by pit heads, slag heaps, industrial piping and hissing chemical plant, the city of Ostrava is more redolent of the Ruhr Valley of the 1960s than the Silicon Valley of today.
But the Czech Republic’s second largest metropolitan area (pop: 1.2m) has also sprouted a thriving IT culture, based on the Technical University of Ostrava. Read more