Bangalore: Software hubs in Bangalore are bustling with enhanced activities this Diwali - distinctly different from last year's subdued
celebration after a series of bank collapses starting with Lehman Brothers in the US.
The mood among most firms is upbeat, "much better, with the worst behind us", they said.
For the HR Head of IT bellwether Infosys, Mohandas Pai "the mood is very positive. We have had a good quarter. We promised a salary hike to our employees from October 1 and that is already on the roll," he said.
Backed by an improved economic climate and slow easing of pricing pressure, India' second largest software exporter posted a net profit of Rs 1,540 crore for the second quarter, registering a growth of 7.5 percent.
For Wipro Technologies, positive vibrations of the festival are manifesting itself in the market place.
Bureau Report
First Published: Friday, October 16, 2009, 15:32