TCS recognised as global leader in card management

Tata Consultancy Services, India's largest IT services firm, has been recognised as a global leader in card management and transaction processing by a leading research company.

Mphasis to transfer a portion of domestic business to KDMSL

IT services provider Mphasis today said it will transfer a portion of its domestic business to Karvy Data Management Services for Rs 2.75 crore.

Infosys hopeful of meeting $20-bn revenue target by 2020: Sikka

Citing opportunities in the wake of global digital transformation, Sikka said Infosys has the potential to become a leading IT services company in the world and a bellwether once again.

Funny Software to list on BSE SME platform

Delhi-based Funny Software Ltd, which is into offering IT services, consulting and business solutions, has entered the capital market with a public issue of 32,80,000 equity shares of Rs 10 each at a fixed price of Rs 14 each aggregating Rs 4.59 crore.

Capgemini to buy IGATE Corp in $4-billion cash deal

French IT services company Capgemini will buy IGATE Corp -- a US-based company with a large presence in India -- for USD 4 billion in cash to create an entity with a combined revenue of USD 14 billion to take on rivals like IBM.

UST Global to expand India workforce

IT services firm UST Global today said it will hire 5,000 people in India over the next three years as part of its expansion plans.

Wipro ready to grab bigger share of $8 trn IT spend: Senapaty

As he retired from India's third largest IT services firm today, Wipro CFO Suresh Senapaty said the company is ready to grab a larger share of USD 8 trillion global IT spending that will rise further.

Indian IT firms eye robotics, driverless cars for next round of growth

After decades of low-margin work like server maintenance, India`s information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients` needs.

Infosys bags multi-million dollar deal from ABN AMRO

Infosys, a strategic partner of ABN AMRO, will deliver services across application development and maintenance, testing and product implementation, the company said in a statement.

HCL Info stock surges after contract with Nokia India

Stocks of HCL Infosystems rose by over 3.5 percent as Nokia India, now subsidiary of Microsoft Mobile, signed a fresh 3-year contract with the IT services and product distribution company to sell its mobile devices.

AkzoNobel extends IT services contract with Infosys BPO

IT services major Infosys Tuesday said paints and coatings maker AkzoNobel has extended partnership with its subsidiary Infosys BPO.

Nokia India renews sales agreement with HCL Infosystems

Nokia India, now subsidiary of Microsoft Mobile, has signed a fresh 3-year contract with IT services and product distribution company HCL Infosystems to sell its mobile devices.

Cognizant wins multi-year cloud deal from US-based retailer

IT services major Cognizant has inked a pact with US-based retail chain Family Dollar Stores for providing cloud management platform to improve business responsiveness at latter's over 8,000 stores in the country.

Cognizant Q4 net up 12%; expects currency to affect revenues

IT services major Cognizant on Wednesday said its net profit rose 12 percent to USD 362.89 million for the quarter ended December 31, helped by increased traction from consulting, digital and business segments.

Mid-sized deals coming through in digital services: HCL Tech

A strong demand for digital services in the US and Europe is helping strengthen the topline of HCL Technologies with mid-sized deals in the range of USD 10-25 million coming through this quarter for the IT services major.

TCS wins multi-year IT services deal from Virgin Atlantic

IT services firm Tata Consultancy Services (TCS) Tuesday said it has signed a multi-year contract with Virgin Atlantic Airways covering private cloud, Infrastructure-as-a-Service (IaaS) and IT support services.

Indian IT services market up 7.4% to $3.76 bn in H1: IDC

The investments are likely to pick up in 2015 on the back of boost in business confidence, helped by the new government's policies and economic growth agendas, it said in a statement.

Cognizant acquires digital solutions firm in Australia

IT services major Cognizant has acquired enterprise mobility, web and cloud solutions firm, Odecee, for an undisclosed amount.

IT sector hiring may nearly halve by FY18: Crisil

The ongoing global weakness is forcing clients to trim their spends, which has in-turn forced IT companies to find ways to rationalise costs and ensure profitability.

Thomas Cook's arm to acquire 49% stake in MFXchange Holdings

Travel firm Thomas Cook India today said its arm IKYA has entered into a definitive agreement with Fairfax Financial Holdings Ltd to acquire 49 percent stake in MFXchange Holdings, Inc (MFX), a wholly owned subsidiary of Fairfax.