Bangalore, India-based information technology company Infosys announced that it will establish a central Indiana tech center, the first of four facilities it plans to launch as part of a broader expansion in the United States that is projected to create 10,000 jobs over the next two to four years. Vishal...
Telstra's Captive Center in India Aligns with Global Trends
Melbourne, Australia-based telecom major Telstra is setting up a captive offshore center within India's information technology consulting company, Infosys, Telstra's largest technology vendor in the country. Pareekh Jain, research vice-president (engineering services) at Massachusetts-based HfS Research says, "We cannot call this a trend yet, but we’re observing that many companies...
India's Parliament Passes the GST Bill
On August 3, the Rajya Sabha or the Upper House of India's Parliament passed the much discussed and much awaited Goods and Services Tax (GST) bill. Labeled as a landmark tax reform, the Goods and Services Tax will replace a plethora of various state and federal taxes such as VAT, sales...
DreamWorks Animation Outsources Engineering Services to India
DreamWorks Animation has inked a strategic engineering services partnership with Indian outsourcer Infosys which will deploy its global talent pool available across cloud, big data, Java and open source capabilities to develop next generation solutions based on DreamWorks’ technologies. DreamWorks Animation CEO Jeffrey Katzenberg said he was confident that Infosys...
Forbes Names 5 India Firms on 50 Most Innovative List
Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharma have made it on Forbes magazine’s list of world’s 50 most innovative firms. L&T led the list as 9th place, followed by HUL (12th), Infosys (19th), Tata Consultancy Services (29th) and Sun Pharma (38th). Note that Hindustan Unilever...
Mumbai, Delhi spawn India's Richest Persons
According to the latest tally of India's richest persons by Forbes Magazine, Mumbai (formerly Bombay) is home to 45 of the 100 most wealthy Indians, including Mukesh Ambani, the richest man in India. In my book I noted how almost 40 percent of India's personal income taxes are collected in...