Tag: IT

As rivals like IBM, Accenture, TCS, Infosys and others sulk, Cognizant rewards staff with huge bonus payouts

The target bonus payout for 2013 was more than 200% for top performers. While the payout was 150% for the second bucket, the third got 100%.  CHENNAI: On a day when the InfosysBSE 0.84 % stock took a beating after the software firm hinted at lower revenue, rival Cognizant sent out bonus letters to employees… Read More ›

Computers managing computers

Named idea Device, this Bangalore-based information technology (IT) process automation company was conceived in 2009, over a cup of coffee at a roadside stall. When a friend couldn’t turn up to meet Saju Pillai and Aaditya Sood because he had to deliver work to clients, Pillai and Sood set out on a mission to ensure “computers manage computers”. Pillai, who firmly… Read More ›

PE flows to small and medium units fall 3%

The information technology and IT/ITeS sector continued to attract investors, and industry experts attribute this to the IT/ITeS sector’s ability to innovate, which other sectors lack Private equity (PE) investors’ interest in the country’s micro, small and medium enterprises (MSME) sector gained momentum in 2013 in terms of the number of deals reported, which increased by… Read More ›

Silicon Valley investors welcome Indian talent for next big idea

Anywhere between 10% and 20% of technology startups in the Bay Area have Indian founders, according to Silicon Valley observers. SAN FRANCISCO: When Ajay Royan founded Mithril Capital Management, a growth-stage venture firm co-founded by Facebook’s first professional investor Peter Thiel, he was tasked with “building the Berkshire Hathaway of the tech industry”. Increasingly that… Read More ›

IT stocks slip as rupee appreciates below 61; TCS, Infosys, Wipro down

At a time when benchmark indices are hitting fresh highs, IT stocks seem to be loosing sheen in rallying markets. Both Sensex and Nifty rose to their fresh record highs.  NEW DELHI: At a time when benchmark indices are hitting fresh highs, IT stocks seem to be loosing sheen in rallying markets. Both Sensex and… Read More ›

Case Study: ZLD technology gives a new lease of life to dyeing units in Tirupur

Dyeing units in Tirupur turned to Praj Industries’ wastewater treatment technology to find answers to their effluent treatment woes, which had led to the closure of these units Tirupur, which generates a fifth of India’s textile exports, is known as a textile hub of the country. Garment units in Tirupur went through a crisis following… Read More ›

Indian IT firms like Genpact, TCS find it tough to scale the China wall

MUMBAI: Indian IT has conquered continents thousands of miles away, but continues to struggle in China — where changes in government and the inability to adapt to a centralised planning structure have lowered the industry’s ability to compete in the market. Chinese corporations — largely state-run enterprises — are proving a hard nut to crack… Read More ›

CMOs Eye CEO Office, But Need CIOs to Get There

CMOs are among the most important executives at a company — and they know it and want to take the next step to the CEO’s office. The good news for CIOs is that they can’t do it without you. A couple of years ago, many CMOs aspired to move up the ladder by becoming the… Read More ›

India approves two semiconductor wafer plants worth $10 billion

India has approved the setting up of semiconductor wafer plants by two consortia, including IBM Corp, Israel’s TowerJazz and STMicroelectronics NV, costing a total of 634.1 billion rupees ($10.17 billion). India, which wants local production of chips to cut long-term import bills, has renewed a drive to attract investments after a previous attempt failed. The… Read More ›

Healthcare tech is hot for venture capitalists

From wearables like wristbands that keep track of your physical activity to wireless weighing machines that help you track your weight fluctuations, technology is getting into healthcare with an eye firmly on the consumer. The trend in far greater in the US, but healthcare influenced by information technology (HIT) is a niche that’s seeing increased… Read More ›