IT News for this week

News: Citigroup to stay with TCS, Wipro, drop Infosys
Detail: Infosys could see around $25 million of its annual revenues from Citigroup go to rivals like TCS and Wipro

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News: Infy eyes $250 mn BP deal as BT revenues shrink
Detail: At a time when revenues from its top customer BT are dwindling, Infosys is chasing new contracts worth $100-250 mn from BP

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News: Infosys seeing good demand in India, Middle East
Detail: Infosys Technologies is seeing good outsourcing business opportunities in India and the Middle East, a senior official said, as a global economic downturn crimps spending in developed markets

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News: Wipro sees Mideast as a main growth area
Detail: Areas of growth in the Middle East include telecoms and the banking and government sectors, said Premji

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News: STPI withdrawal may hit Infosys, Wipro net profit
Detail: The SEZ policy of the government provides five-year tax holiday for the IT units, followed by gradual taxation after the fifth year

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News: Wipro warns of adverse business impact due to WB disclosure
Detail: World Bank had made a disclosure nearly four months ago that Wipro was ineligible to work with the international lending institution

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News: Bharti, Infy, TCS, Wipro among world's top tech cos
Detail: The ranking showcases companies that managed to thrive even in the face of a bruising global recession

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News: Infosys to hire 1,000 people in US
Detail: Indian software firm Infosys plans to hire about 1,000 people in the US in the next 12 to 18 months amid a gloomy job market

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News: Premji takes pay cut, but hike for others in Wipro
Detail: Wipro had paid a total remuneration of $3,28,556 to its Chairman in FY-09

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News: Wipro honchos get big perks; but salaries dip
Detail: Commissions and incentives dominate Wipro senior management’s paychecks in the just-concluded fiscal - or so it seems

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News: Each Infosys employee worth Rs 97 lakh!
Detail: Infy's total value of human resources including software professionals and support staff is pegged at Rs 1,02,133 cr for FY09

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News: Infosys to cancel home loan facility
Detail: Infosys is planning to withdraw its home loan facility for employees with effect from July 1, according to an internal mail from the company

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News: TCS bags 5-year IT contract from Volkswagen
Detail: TCS will support the group in its business transformation programme to meet its aim to sell more cars, more parts and drive down costs

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News: Revenue per staff dips for TCS, Infy, Wipro
Detail: Revenue per employee for Infy and TCS has taken a sharp plunge to $40,000-odd levels from around $50,000 even an year ago

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News: Wipro bags outsourcing deal from Unitech Wireless
Detail: Wipro Infotech will provide a range of information technology services to Unitech Wireless, in which Norwegian telecom group Telenor holds a stake

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