IT News for week two OCT 2009

News: TCS CEO says demand pipeline good
Detail: TCS is seeing stability on the ground and the company's demand pipeline is good, Chief Executive S. Ramadorai said on Monday

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News: Infosys Finacle bags two major deals
Detail: Infosys has launched a direct banking software product and has bagged two major clients, including one in Europe. Multinational IT in India I TCS' Rs 90cr forex losses

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News: Pope’s call gives tech cos the chills
Detail: Pope's nudge to his flock to watch out for unholy ghosts lurking in free market is putting the fear of God in India's $50-bn outsourcing industry. Rise of IT cos in India

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News: Israeli cos in talks with TCS, Wipro, Infosys for IT deals
Detail: Israeli hi-tech firms are in talks with Indian IT giants, such as TCS, Wipro and Infosys for contracts, especially in e-governance projects

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News: Infosys employee strength down by 945 in Q1
Detail: Infosys hired 3,538 employees in June quarter, but after attrition its total strength lowered

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News: Infosys looks to outbid rivals for UBS unit buy
Detail: Infosys has intensified its efforts to outbid rivals Wipro and Genpact to acquire the back-office operations of the Swiss financial giant UBS

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News: Allure of R&D draws tech giants to India
Detail: India, perceived as a necessary low-cost option only a few years ago, is fast becoming a destination for higher-end R&D work

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News: Cognizant to promote, hike employees' salaries
Detail: Cognizant has sent a mail, stating that it has kicked off the process to promote and hike salaries for employees across levels

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News: Rishad Premji moves up the ladder, gets new role
Detail: Rishad's new role will involve handling investor relations and maintaining dialogue with Wipro's financial investors and key stakeholders

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News: Shiv Nadar's daughter takes charge at HCL Corp
Detail: Roshni Nadar, the daughter of business tycoon Shiv Nadar, has been appointed CEO of the HCL group’s holding company

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News: Tech majors go all out to bag Rs 2K cr defence deal
Detail: TCS, Wipro and Infosys, apart from SAP and IFS Defense, are pursuing contracts worth Rs 2,000 crore from the country's defense forces

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News: TCS to invest Rs 1,300 crore for capital expenditure
Detail: Tata Consultancy Services (TCS) on Tuesday said it will invest Rs 1,300 crore for its capital expenditure in the current financial year

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News: UK's Lloyds banks on Wipro, TCS staff
Detail: Many of the Indian recruits will be from top-rung Indian IT majors like Wipro and TCS, who are also the bank’s vendors, said officials

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News: TCS, Infosys see signs of recovery on order flow
Detail: TCS & Infy are seeing first signs of economic recovery as their top customers start discussing outsourcing contracts in order to reduce operational cost

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News: Wipro warns job aspirants from falling prey to bogus mails
Detail: The e-mails had been sent out to job aspirants registered in job portals informing that they had been shortlisted for interviews for various vacancies

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