Slain engineer's body beings sent to IndiaJanuary 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.
US Police interrogating suspect in Indian engineer's murderJanuary 15th, 2009 WASHINGTON - Police in Little Rock, Arkansas, are questioning a 20-year old man 'strongly suspected' to be involved in the murder of a software engineer from Hyderabad, working with the scam-hit Satyam Computers. Police declined to release the name and other details of the suspect arrested in connection with the killing of Akshay Vishal, who was shot dead Tuesday in the seventh case of young students and professionals from Andhra Pradesh being killed in the US in last 14 months.
BPO firms in Philippines looking at windfall from Satyam scandalJanuary 12th, 2009 SINGAPORE/MANILA - With a billion dollar revenue fraud dealing the Indian IT sector a body blow, BPO firms in the Philippines are hoping to make capital by getting some of the business from the West. Leading politician Representative Joseph Santiago said the unravelling of the massive revenue fraud at Satyam Computer Services would dissuade multinational companies from seeking BPO services in India.
BPO firms in Philippines looking at windfall from Satyam scandalJanuary 11th, 2009 SINGAPORE/MANILA - With a billion dollar revenue fraud dealing the Indian IT sector a body blow, BPO firms in the Philippines are hoping to make capital by getting some of the business from the West. Leading politician Representative Joseph Santiago said the unravelling of the massive revenue fraud at Satyam Computer Services would dissuade multinational companies from seeking BPO services in India.
Bodies of Indian Software Professionals shot dead in California brought homeApril 17th, 2009 The bodies of a software professional, his wife and baby daughter, killed by his Indian American brother-in-law in California last month, were brought to their native Ayyankolli village in Tamil Nadu's Nilgiris district Friday for the last rites. The bodies of Ashokan, his wife Suchitra and their daughter Ahaana, were brought to Bangalore by a flight early Friday and then to Ayyankolli in the district, 550 km southwest of state capital Chennai, by road, family sources said.
Apex IT body shocked by Satyam chief's confessionJanuary 6th, 2009 BANGALORE - Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.
India Inc demands stricter norms following Satyam scandalJanuary 6th, 2009 NEW DELHI - Shocked by the revelations of Satyam co-founder and chairman B. Ramalinga Raju that the software services firm had overstated profits and hidden liabilities in a Rs.40-billion scandal, leading industry lobbies called for stricter corporate governance norms.
Global recession to hit investment in IT training marketJuly 27th, 2009 BANGALORE - Investment in IT training and software certification is set to decline by 25 percent in the Asia-Pacific region this fiscal as budgets on tech spending fall due to recession, a study by IT research and advisory firm Gartner said. "Training budgets are among the first to be cut as part of cost containment efforts in the downturn.
Indian IT exports projected to grow in single digitMay 6th, 2009 BANGALORE - The Indian IT industry is set to witness a single-digit growth in software and services exports in 2009-10 because of global recession and lower technology spending in the US and Europe, a top industry body official said Wednesday. 'Software exports of Indian IT industry are projected to grow in single digit this fiscal due to economic slowdown and lower tech budgets in major markets like the US and Europe.
How is Indian IT coping with the recession? -The StoryJune 9th, 2009 BANGALORE - Battered by global meltdown and lower tech spending, the Indian IT industry is looking up to the new government for extension of fiscal benefits and relief from multiplicity and inequity of taxes to mitigate the recessionary impact and protectionist measures being adopted globally. "Extension of fiscal benefits like 10A/10B sections for the tech industry under the Software Technology Parks of India (STPI) scheme is imperative to sustain the growth momentum and compete in the global market," IT sector trade body Nasscom chairman Pramod Bhasin told reporters here Tuesday.
Prosecutors charge Kentucky man in deaths of Wis. high school sweethearts 3 decades agoAugust 1st, 2009 Kentucky man charged in '80 slaying of Wis. coupleJEFFERSON, Wis.
India's Outsourcing is not yet hit by Obama's biased tax plan and may not ever: NasscomMay 5th, 2009 NEW DELHI - India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. 'It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India,' said Som Mittal, president of the National Association of Software and Service Companies (Nasscom), a representative boddy for the industry.
Latin America offers good trade avenues for India, says envoySeptember 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.
Satyam scam isolated, not a slur on corporate India: Kamal NathJanuary 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.
Gmail outage challenges Google engineersSeptember 1st, 2009 SAN FRANCISCO - A disruption to Google's Gmail service frustrated users throughout the world Tuesday and flummoxed engineers at the giant internet company. Google said the problems started early in the morning and were not resolved until approximately 2330 GMT.