US move to withdraw tax breaks a matter of concern: FICCI

February 25th, 2009 BANGALORE - Indian IT bellwethers Infosys Technologies and Wipro Wednesday expressed confidence that the US would not take any measure that would hurt its global competitiveness. Reacting cautiously to US President Barack Obama's remarks on outsourcing Tuesday, Infosys said outsourcing had enhanced the competitiveness of US corporations and had created more jobs within the US economy.

February 11th, 2009 NEW DELHI - The Satyam scam was a 'one-off, unfortunate case of failure of corporate governance', Minister for External Affairs Pranab Mukherjee said here Thursday. Addressing a meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mukherjee said: '(Satyam) was an unfortunate case of failure of corporate governance… It was a one-off case.

February 11th, 2009 NEW DELHI - The Rs.70 billion (Rs.7,000 crore) accounting fraud at Satyam computer Services was not a corporate scam but a 'governmental scandal', senior Bharatiya Janata Party (BJP) leader L.K. Advani said.

February 25th, 2009 WASHINGTON - In a message that may not be music to Indian outsourcing firms, US President Barack Obama has served notice that he would end the tax breaks for corporations that ship jobs abroad. Giving his first speech to a joint session of the US Congress Tuesday, Obama said: 'We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.' If Obama follows through with the announcement in the budget, whose outline he would present Thursday, the move may hurt India's BPO sector as without the tax breaks, US companies may find it less attractive to outsource jobs to India.

January 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.

February 17th, 2009 BANGALORE - Infosys Technologies chairman and chief mentor N.R. Narayana Murthy has declined to be the IT advisor to the Sri Lankan government, the IT bellwether said Wednesday.

December 24th, 2008 HYDERABAD - Taking objection to certain statements made by the World Bank, India's fourth largest software services company Satyam Computer Services Thursday demanded an apology from the international aid institution. The company, in a statement here, said it 'vigorously objects to certain inappropriate statements made by World Bank representatives reported recently in the press'.

May 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.

June 4th, 2009 Microsoft Corp. CEO, Steven Ballmer made it clear that they would move some employees offshore, if President elect Barack Obama plans to imposes higher taxes on U.S.

January 18th, 2009 NEW DELHI - Third generation (3G) mobile subscribers in India will reach 90 million by 2013, forming 12 percent of the overall wireless base, an industry report released Monday said. A new report by industry association Federation of Indian Chambers of Commerce and Industry (Ficci) and telecom consulting firm BDA, said, '3G service revenues will reach $15.8 billion by 2013, accounting for 46 percent of the total wireless service revenue'.

June 2nd, 2009 The concept of internet plagiarism is a matter of concern and we all know that. While we had brought this issue into limelight almost a year before (Code of conducts for bloggers), a new and far more serious issue has stirred this debate once again.

February 25th, 2009 US president Barack Obama has bad news for Indian IT and BPO industry. Its as simple as that.

October 7th, 2009 Changing focus leads Dell to close NC plantRALEIGH, N.C. — A massive Dell Inc.

October 7th, 2009 Dozens arrested in US, Egypt in ID theft schemeLOS ANGELES — U.S. and Egyptian authorities are arresting dozens of people to crack an identity theft ring that victimized thousands.

June 4th, 2007 All hell breaks loose! Imagine this: "Most of us are only pretending to work while secretly hoping the project gets canceled after you get fired by the board". Today's Dilbert is a bit of fresh air after days of stale Elbonian humor on outsourcing.