Industry Summits
India IT companies cautious on growth, eye M&A
BANGALORE (Reuters) - India's top IT firms expressed optimism about a gradual recovery on Wednesday but stopped short of flagging a sharp rebound in the near term on uncertainties about the strength of the global economic resurgence. Full Article
Indian outsourcers show signs of M&A appetite
BANGALORE (Reuters) - Indian outsourcing companies are looking to step up deal momentum amid rising consolidation in the industry as they face the threat of their services getting commoditized. Companies such as Tata Consultancy , Infosys Technologies and Wipro have historically been conservative when it came to mergers and acquisitions and have shied away from large deals. Full Article
No strong inflow measures now
Nov 25 - One of the Indian Prime Minister's top advisers says the country can absorb nearly $100 billion of dollars in capital inflows, nearly double for what is on track this year, before it needs to take strong restrictive measures. Play Video
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Indian IT firms back to their hiring ways
BANGALORE (Reuters) - Indian IT service firms are looking to throw open their gates yet again to prospective employees as the gloom of the global recession lifts from the $60 billion industry and demand for outsourcing services improves. Full Article
Indian IT firms jump on cloud computing bandwagon
BANGALORE (Reuters) - Indian IT firms may be forced to look beyond their bread-and-butter offshoring model, as a potential game changer in the form of "cloud computing," the hottest new buzzword in Silicon Valley, floats east. Full Article
India's Infosys to focus on small buys
BANGALORE (Reuters) - Infosys Technologies Ltd , India's No. 2 software exporter, is focused on small acquisitions to boost growth and does not expect pricing to improve in the near term, a top executive said. Full Article
Indian IT firms eye continental Europe for growth
BANGALORE (Reuters) - Indian IT firms are looking to offset their exposure to a recession-battered U.S. market by targeting high-growth geographies, and bidding for government projects on their home turf. Full Article
SAP says emerging markets stabilizing
BANGALORE (Reuters) - German software giant SAP is seeing a stabilization of demand in emerging markets, including China and India, as its deal pipeline improves and companies loosen their purse strings for IT spending. Full Article
Quotes from the India Investment Summit
MUMBAI/BANGALORE (Reuters) - Following are selected comments from speakers at the 2009 Reuters India Investment Summit that runs from Monday to Wednesday. Full Article
MphasiS sees pricing woes persisting
BANGALORE (Reuters) - Indian software firm MphasiS Ltd expects pricing pressure to continue and does not see a significant increase in IT budgets in the near term, the firm's top executives said. Full Article
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