Cognizant acquires UBS Indian set-up

March 3rd, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies winning H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).

March 4th, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies who won H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).

October 1st, 2009 Ebix acquires E-Z Data for $50.3 millionATLANTA — Software supplier Ebix Inc. said Thursday that it acquired software maker E-Z Data Inc.

October 5th, 2009 Nuance buys eCopy for $54M in stockBURLINGTON, Mass. — Speech and imaging software maker Nuance Communications Inc.

August 5th, 2009 KOLKATA - The West Bengal government has acquired 200 acres of contiguous land for the Rajarhat information technology (IT) hub, where software majors like Infosys and Wipro have sought space, a state minister said here Wednesday. "We are now ready to offer land to any company.

September 1st, 2009 CHENNAI - The Latin American region, unaffected by the global meltdown, offers good business opportunities for Indian companies in sectors such as information technology (IT), pharmaceutical, renewable energy, agri-business and manufacturing, said a senior Indian diplomat here Tuesday. "Indian companies should formulate long-term strategies to tap the available potential.

January 16th, 2009 MUMBAI - The Rs.70 billion ($1.4 billion) financial scam in Satyam Computer Services is an isolated case and does not tarnish the image of the Indian corporate sector in any way, Commerce Minister Kamal Nath said here Saturday. 'India Inc has established its credentials.

January 26th, 2009 HYDERABAD - PriceWaterhouse has suspended two of its employees for their alleged involvement in the fraud at Satyam Computer Services, the Indian arm of the global auditing firm said Tuesday. 'In light of recent allegations, chief relationship partner S.

January 8th, 2009 CHENNAI - The Satyam Computers Services fraud that has shaken the Indian software services sector will not have any cascading impact on the other players, Communications and IT Minister A. Raja said Friday.

January 15th, 2009 WASHINGTON - As police investigated the murder of a software engineer from Hyderabad in the US, the Indian consulate in Houston sent an official to Little Rock, Arkansas to help arrange the transfer of the body to India. The body of Akshay Vishal, an employee of fraud-hit Satyam Computer Services Limited who was on contract with US company Jet Falcon, has been sent for autopsy.

January 11th, 2009 CHENNAI - Perhaps for the first time in the Indian corporate history, an audit firm - and a foreign one at that - is being dumped midway by a company. The government-appointed new board for Satyam Computer Services has declared that the fraud-hit IT bellwether will have a new audit firm to restate the books of accounts.

June 23rd, 2009 Indian outsourcer Mahindra Satyam gets new CEOMUMBAI, India — Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.

February 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.

January 12th, 2009 BANGALORE - Further depreciation of the Indian rupee during the third quarter (October-December) has forced Infosys Technologies Ltd. to marginally revise upwards its revenue guidance for this fiscal (2008-09) under the Indian accounting system and downwards under the new international financial reporting standards (IFRS).

July 7th, 2009 WARANGAL - An Indian software engineer from Andhra Pradesh was shot at by unidentified assailants in Johannesburg in South Africa. B Kiran, who was working in South Africa for the past two years, was attacked last Thursday when while returning from work.