IBM sets up ‘centre of excellence' in Bangalore

The CoE will offer solutions to automate and accelerate the purchasing, marketing, sales and customer service functions

Cognizant Q4 profit rises 16.4% on higher revenue

The company outperformed rivals with a reported a growth of 16.44 per cent in its net income at $240.1 million for Q4

TCS, Mitsubishi sign $5 mn in joint venture

The new venture will offer a full service suite of IT, BPO and infrastructure services to Japanese corporations

Indian IT cos in US paid $15 bn taxes in last 5 years: Mathai

Foreign Secretary hoped that the economic challenges in the US would not lead to protectionism and concerns of the Indian IT industry will be addressed

Genpact post 27% growth in revenue at $1.6bn

The BPO firm expects 2012 revenues to grow only 15%-17.5% in range of $1.84 billion to $1.88 billion

BPOs not worried about global uncertainty

India’s IT majors may be sounding cautious about the future, but their BPO arms aren’t as worried

TCS inks multi-million euro deal with car rental company

The IT company has signed a multi-year, multi-million euro contract with European car rental company Europcar for deployment of IT services in France

IT/BPO companies may have hit by SC 2G verdict

Indian and multi-national IT/BPO firms had signed multi-million dollar deals with telecom firms, including Uninor, Etisalat DB, Videocon and Idea

Mahindra Satyam Q3 profit up over five-fold

The company reported a robust growth in its consolidated net profit for Q3 at Rs 308 crore compared to Rs 58.91 crore in the year-ago quarter

TCS opens new facility in Silicon Valley

Expanding its presence in the US, the new center will also serve as the worldwide headquarters of TCS’ mobility solutions unit

Infosys to invest Rs 600 cr on Indore facility

The company is setting up facility at the Super Corridor in Indore, which will take 5 years to complete

Telenor to extend IT contract with Wipro to other Asian units

Both companies are seeking to leverage the benefits of a deal that was signed more than two years ago