Ramadorai steps down as Tata Consultancy chief

February 26th, 2009 KOLKATA - IT and business solutions major Tata Consultancy Services (TCS) Thursday announced a slew of measures, including reviewing the variable pay structure of employees, to weather the economic slowdown, and said it could cut jobs if the situation worsens. 'We are reviewing the variable pay component of employee salaries.

August 27th, 2009 BP selects Tata as technology vendorNEW YORK — Tata Consultancy Services, a unit of India's Tata Group conglomerate, said Thursday it was selected as a strategic information technology vendor for BP PLC, one of the world's biggest oil and gas companies. Terms were not disclosed.

June 18th, 2009 BANGALORE - IT bellwether Tata Consultancy Services (TCS) is eyeing e-governance projects to cope with the downturn, according to a senior company official. "Post-elections, we believe conditions are ripe for e-governance projects to take off at the central and state levels," TCS chief financial officer S.

February 9th, 2009 MUMBAI - IT major Tata Consultancy Services (TCS) has tied up with networking and communications infrastructure provider Cisco Systems Inc. to jointly develop and deliver IT services and solutions.

January 15th, 2009 MUMBAI - Indian equities were ruling firm after opening in the green Friday following positive cues from global markets, though IT bellwether Tata Consultancy Services took a hit following lower-than-expected third quarter results. After opening at 9,125.65 points, against the previous day's close at 9,046.74 points, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose to 9,242.51 points soon after.

April 20th, 2009 TCS quarterly profit up 4.7 pct to $261.2MMUMBAI, India — Tata Consultancy Services Ltd., India's largest outsourcing company, said Monday that net profit for last quarter grew 4.7 percent, to 13.14 billion rupees ($261.2 million), despite shrinking volumes as the company pulled thousands of Indian employees back home to save on costs. Revenues for quarter ending March 31 were 71.72 billion rupees ($1.4 billion), up 18.6 percent over the same quarter last year, but just 1.5 percent higher sequentially.

September 30th, 2009 MUMBAI - Anil Ambani-led Reliance Communications Wednesday said it has entered into a strategic alliance with Microsoft to offer Windows Mobile solution on its wireless networks. As per the agreement, Microsoft will offer solutions like push email support, chat, photo-sharing, content back-up and other applications to Reliance customers.

February 8th, 2009 BANGALORE - Tata Consultancy Services (TCS) will design and develop the next-generation fighter jet Gripen for the Swedish aerospace major Saab, a senior official of the IT bellwether said here Monday. Saab, whose strike fighter Gripen is in race for the Indian Air Force (IAF) order to induct 126 medium multi-role combat aircraft (MMRCA) in its fleet, has set up an aeronautical design and development centre with TCS in Bangalore for the multi-million, multi-year contract.

July 29th, 2009 NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday. The National Association of Software and Service Companies (Nasscom) has forecast in its latest study that the software and outsourcing industry will log an export growth of 4-7 percent this fiscal to log $48-50 billion in revenues.

February 4th, 2009 HYDERABAD - The scam-hit Satyam Computer Services Thursday appointed a company veteran, A.S. Murty, as its chief executive, while naming two other outside experts as advisors to the reconstituted board.

August 5th, 2009 KOLKATA - Outsourcing major Wipro is actively looking at overseas acquisitions, a top company official said here Wednesday. "As far as acquisition is concerned, we are already active in that area and we will continue to remain active.

July 27th, 2009 CHENNAI - The second phase of softyware park Infopark in Kochi, which may be developed under a public-private partnership (PPP) model, will come up over 160 acres, said a top company official here Monday. "We are getting into the second phase of Infopark's expansion.

January 18th, 2009 GANDHINAGAR - The Gujarat government is waiting for a decision by the new board of the beleaguered Satyam Computer Services, which had committed to set up a Rs.600 million (Rs.60 crore) IT park in this state capital, an official said Monday. 'Since Satyam Computer Services has already invested Rs.11 crore (Rs.110 million) for purchasing land for the IT park in Gandhinagar, we would like to await the decision of the new board,' the IT department official said.

September 22nd, 2009 LONDON - Hopes of new jobs have risen in Britain again after the government announced a loan of 10 million pounds to Tata Motors to manufacture an electric version of its Indica Vista car in this country. But a source close to Tata Motors gave a measured response Tuesday, saying there will be "a few" new jobs - and they will be mostly in engineering.

August 19th, 2009 By Arvind Padmanabhan and Fakir Balaji The global slowdown and the financial crisis have ironically whetted the appetite of India's $71 billion outsourcing industry for takeovers, as back-office arms of multinational companies, both large and small, are being acquired by them in steal deals. And much to the delight of Indian buyers, the sellers have almost always awarded multiyear, multimillion dollar contracts to get the same services from them that has insured the jobs of millions of Indian youth.