Tata group chairman Cyrus Mistry has been focusing on digital over the past few years and all group companies have been asked to get more consumer centric.
Analysts, though, see potential in the acquisition even as Tech Mahindra’s stock closed down 4% on the BSE on Tuesday, the day after the deal was made public.
Zensar Technologies said it appointed HCL Technologies’ Sandeep Kishore as CEO and managing director, to take over from long-time head Ganesh Natarajan.
Floods in Chennai are expected to have a "material impact" on TCS' current quarter revenues, the country's largest software services firm said.
Across India, tens of thousands of coders on the rolls of marquee Indian IT service firms are moonlighting, after work and on weekends, for clients halfway across the world.
CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary.
Indian IT service companies are facing the heat with US politicians introducing a second bill in as many months to curb the use of H-1B visas.
Revenue synergies are also part of the reason Virtusa is confident that it will grow above industry growth rates level despite its now much larger base.
Gartner says that digital business will completely alter the market and that India has the highest forecasted growth rate amongst BRIC nations.
The southern Indian city has seen the worst rains in more than a century and parts of it have been submerged for more than five days.
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