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Global competition, changing policies may hit revenues: Infosys

NEW DELHI: Country’s second largest software services firm Infosys has said changes in policies and laws, both domestic and foreign, and intensifying competition in the technology services market may impact its revenues. The Bangalore-based IT major said its profitability is being affected by pricing pressures on services, volatility of the currency exchange rates increased wage pressures in India and at ot ...

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Collabera Selected by IFDL as a Technology Services Partner

London: Collabera, a global consulting and technology services provider, today announced that it has been selected by IFDL to provide application development and maintenance services for the independent Wrap platform, Ascentric. IFDL is part of the Royal London Group, UK's largest mutual life and pensions company. The multiyear agreement with IFDL is a strategic partnership for Collabera, extending its foot ...

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Gulf ATM heist raises questions over credibility of Indian outsourcing firms

NEW DELHI/ BANGALORE: The $45-million ATM heist at Gulf-based National Bank of Ras Al Khaimah PSC has once again brought the Indian information technology-enabled service companies under the spotlight. According to industry analysts and cyber experts, such incidences can take place in future too that could further erode credibility of such service providers. “An incident like this certainly impacts credibil ...

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New US immigration bill might hit Infosys revenue

Infosys Ltd, India's second largest IT services exporter, said various provisions in the proposed immigration and Visa regulation bill in the US will have an adverse impact on the company's business, revenue and operations. The Bangalore-based company in a recent filing to the US Securities and Exchange Commission said that these regulations may also discourage the company's customers from seeking its servi ...

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Regus Partners with iYogi to Provide UK Customers Anytime, Anywhere Tech Support

New Delhi:  Regus, the world's largest provider of flexible workplaces has partnered with iYogi, a global provider of software and tech support services to provide high-quality tech support to its customers in the UK. Under the partnership, small and medium-sized UK firms operating out of the 160 Regus business centers - whether as full-time office customers or Regus Businessworld members, will receive a th ...

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InnoSpring marks 1 year of incubating tech startups

Bangalore: The Indian Software Product Industry Round Table (iSPIRT) welcomes the newly formed NASSCOM Product Council. It hopes that the formation of this Product Council will provide the impetus for resolving the long pending policy issues that are deterring the growth of the Indian software product industry.   As Bharat Goenka, member of the iSPIRT Founders Circle says, “What the Indian software pro ...

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Attitude Next 6339 Launched from Technopark

Trivandrum, May 14, 2013 – Technopark based Telmoco Development Labs Pvt. Ltd., Kerala’s first incubated consumer electronics Startup Company has forayed into the retail segment with their latest offering – ‘Attitude Next 6339’ – a 7-inch Android Tablet Phone. The new member of the Attitude Series – Next 6339 was unveiled by Minister for Industries and IT, Shri P K Kunhalikutty and handed over to Mr. Franci ...

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Nasscom sets up ‘product council’

MUMBAI: Software industry body Nasscom today announced setting up of a ‘product council’ to help develop the product ecosystem in India. The council will focus on a six pillar engagement to enhance branding, market access, benchmarking, corporate connect, product design and enablement of product solutions in India, Nasscom said in a statement. “I believe that product companies and start-ups are the next gro ...

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NASSCOM envisions software products to touch USD 10 billion by 2020

To achieve its vision, NASSCOM would expand focus around Internet and mobile, software products and domestic market across IT services, BPM, ER&D and GICs. The total market opportunity in software products for Indian companies, comprising exports and the domestic market, is estimated to be USD 10 billion by 2020, according to NASSCOM. In 2013, the total Indian software market was estimated to be in the ...

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Infosys, CWG deploy Finacle banking solution to Heritage Bank

Heritage Bank of Nigeria and Infosys, a banking solutions provider has commenced a partnership with Computer Warehouse Group (CWG) to deploy Finacle as its banking solution. CWG, the local business partner of Infosys in Africa, would play an integral role in the implementation of the Finacle solutions at Heritage Bank. Finacle's core banking solution is a comprehensive, integrated, yet modular and agile bus ...

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