IDC recognises Wipro as ‘global leader’

IDC recognises Wipro as ‘global leader’

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IT services major Wipro has been recognised as a “global leader” in servicing life science companies, according to a study by the international research and advisory firm, International Data Corporation (IDC). The study, which assessed IT service vendors of the global life science manufacturing and supply chain, was based an evaluation of 24 parameters, claimed a release issued by Wipro. Wipro claimed that the study found the company had “extensive experience” serving medical device companies and “mid-level” experience serving pharmaceutical and biotechnology companies. “The vast majority of Wipro’s life science customers are large corporations with revenues of over one billion dollars, with a smaller portion spread across midsize and small firms,” it said. Although half of the company’s client base is concentrated in North America, it also has a significant…
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Bank of America staff cuts spell good news for Indian IT firms

Bank of America staff cuts spell good news for Indian IT firms

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Indian IT companies' recent strong positive commentary on greater demand from their top customers was underscored earlier this week by more sombre news for in-house technology staff at Bank of America Corp. Even as the Indian companies gear up for increased business from financial clients, their biggest customers, that the demand is still being driven by a strong cost-cutting effort was reiterated by BAC's news. The second-largest US bank, widely believed to be one of the largest clients of Bangalore-based Infosys, India's No. 2 software services provider, was reported to be cutting an undisclosed number of technology jobs, prompting some analysts to say Indian IT firms could benefit. "The way all these banks are cutting costs, it's definitely good news for Indian IT, not just Infosys," said a top official…
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Infosys appoints Pravin Rao as whole-time director

Infosys appoints Pravin Rao as whole-time director

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Infosys, India’s second largest information technology (IT) services company, has appointed President and Board Member U B Pravin Rao as a whole-time director for a period of five years, starting January 10, 2014. The decision was taken at a company board meeting on January 10, 2014, based on the recommendations of the nominations and governance committee, and management development and compensation committee, Infosys said in a notice to BSE today. This announcement comes less than a month after the Bangalore-based company elevated Rao as one of its two presidents, along with B G Srinivas. With this appointment, Rao would receive a monthly salary of Rs. 4,48,000 in the scale of Rs 4,45,000 to Rs 8,00,000 per month. He would also be eligible for a bonus of up to 20% of…
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Shanu Hinduja meets UN chief, Ban Ki-moon in Davos

Shanu Hinduja meets UN chief, Ban Ki-moon in Davos

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Shanu S P Hinduja, Chairperson of the Hinduja Foundation USA, has met UN chief Ban Ki-moon here and extended support for empowerment of women and accelerate the achievement of the UN's Millennium Development Goals. The meeting with Ban follows Hinduja's attendance at the UN General Assembly in September last year when she spoke at a meeting on Disability Inclusion with leaders from over 130 countries present. This was part of a series of contacts Hinduja, Co-Chairperson of the Hinduja Group's BPO Company Hinduja Global Solutions, has forged with the UN, including discussions with the Secretary General to bring the Foundation closer to the workings of the UN and play a role for India in putting forward proposals for the UN's post-2015 Development Agenda. Shanu also attended a number of high-level…
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Strong Q3 show: Nasscom says no need to revise export target

Strong Q3 show: Nasscom says no need to revise export target

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Software companies body Nasscom has ruled out revising upwards its 12-14 per cent export growth projection set for this fiscal on more-than-expected show by the industry so far and especially in their Q3 earnings, wherein all leading players have beaten street estimates. "No, we are not planning to revise our growth guidance set by us earlier this fiscal when we pegged annual growth at 12-14 per cent," new Nasscom president R Chandrashekhar told PTI here over the weekend on the sidelines of a function. The National Association of Software and Services Companies, or Nasscom, sets its annual growth guidance in February and for the current fiscal it had set 12-14 per cent growth pegging export revenue at USD 87 billion this fiscal. "There is no need to revise the guidance…
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What Infosys needs to do to catch up with TCS

What Infosys needs to do to catch up with TCS

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Call it the Murthy effect. Infosys, once the darling of the markets and job seekers alike, looks set to arrest its descent, if the recent performance on Dalal Street is a sign of times to come. In the valuation game it's catching up with giant Tata Consultancy Services (TCS), with the gap narrowing from a little over a third six months ago when NR Narayana Murthy came back as Infosys chairman to under 13%. So will 2014 mark the return of Infosys and attest to the Murthy effect convincingly? TCS and Infosys, the leader and runner-up on the $110-billion Indian IT services landscape, are in many ways similar as well as a study in contrast. Both the icons rank among the top 10 global technology services giants. If the third-quarter…
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Nayyar: India’s IT story intact, to evolve with changing needs

Nayyar: India’s IT story intact, to evolve with changing needs

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With a bullish outlook on India's IT story and its own hiring plans, Mahindra group’s technology venture Tech Mahindra says its headcount will cross the 1-lakh level in about a year, from close to 85,000 at present. “I don’t think there has been any stagnation in hiring activities in India's IT space. Seven years ago, we were six-seven thousand people and today we are 85,000,” Tech Mahindra Vice-Chairman Vineet Nayyar said here. Asked when Tech Mahindra would reach the 1-lakh mark, he said: “It’s a matter of a year or so. I don’t see it as a very big deal.” Nayyar, who was here for the World Economic Forum (WEF) Annual Meeting, told PTI in an interview that India’s IT story is not over, but its nature would evolve depending…
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Brian Borack Joins SoftServe Inc. as Senior Vice President and Vertical Practice Leader, Infrastructure and Systems

Brian Borack Joins SoftServe Inc. as Senior Vice President and Vertical Practice Leader, Infrastructure and Systems

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SoftServe Inc., a leading global outsourced product and application development company, today announced Brian Borack has been appointed Senior Vice President and Vertical Practice Leader, Infrastructure and Systems. Borack's exceptional talent in business leadership and managerial excellence is demonstrated by his 20-year proven track record in business operations, product marketing, business development, channels, business planning and sales.  Brian will be based in the Austin, Texas office, which recently opened in October of 2013. "We are pleased to strengthen our senior management team with such a value-oriented and avid business leader," said Alan Harlan, CEO, SoftServe. "With our global growth and vertical strategy, Brian will be instrumental in helping us deliver proactive and effective solutions to our clients within the infrastructure and systems industry." Prior to SoftServe, Borack was a leader…
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WNS Wins the 2013 Golden Peacock Global Award for Corporate Social Responsibility

WNS Wins the 2013 Golden Peacock Global Award for Corporate Social Responsibility

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WNS (Holdings) Limited, a leading provider of global Business Process Management (BPM) services, has been recognized with the prestigious Golden Peacock Global Award for Corporate Social Responsibility for the second consecutive year. WNS received this award for its ongoing ‘Community Development and Outreach Program’, under the auspices of the WNS Cares Foundation (WCF). WNS strives to create a better and sustainable future for underprivileged children and youth at its locations across the globe through WCF. Since its inception in 2011, WCF has helped “Educate, Empower, and Enrich” more than 38,000 children across 57 schools and 20 locations, The foundation has rolled out many impactful programs, including the establishment of libraries and computer centers; book, dictionary and laptop donation drives; reading programs; sports activities; and e-mentoring programs. “WNS has won this…
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Firstsource staff raise funds for Philippines

Firstsource staff raise funds for Philippines

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Firstsource Solutions, a global provider of business process outsourcing (BPO) services, has contributed to the international fund-raising efforts for victims of the recent typhoon in the Philippines. As a leading BPO company, with over 1,700 staff in two centres in the Philippines, Firstsource UK employees wanted to show solidarity and support for their colleagues affected by the disaster. Firstsource staff at three of the company's UK contact centres, in Middlesbrough, Belfast and Londonderry carried out a range of fund raising activities including dress-down days and sponsored cycle using exercise bikes during their breaks at the end of November. Over 50 staff who cycled completed a total of 2,691 miles in sponsored exercise sessions that lasted between 30 minutes and two hours. The staff raised a total of £1,347 for the…
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