Morgan Stanley
India | Thursday, 4 December 2008

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Technologies Articles

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1. Infosys Technologies posts 30.2 percent jump in net profit, cuts growth forecast
India's IT bellwether Infosys Technologies has posted a 30.2 percent jump in consolidated net profit for the quarter ended September 30, 2008, despite subprime mortgage crisis and liquidity crunch battering financial markets the world over.
11 Oct 2008
2. Infosys not to raise Axon bid, rival HCL set to make largest overseas IT acquisition
India's IT Bellwether Infosys Technologies said, Friday, it will not be increasing its offer bid for UK-based leading SAP consultant Axon Group Plc., a move that paves the way for rival HCL Technologies, which had trumped Infosys' offer, to acquire Axon.
10 Oct 2008
3. Axon says will recommend HCL Tech's offer, dumps Infosys
After maintaining uncomfortable silence for days, India's IT bellwether Infosys Technologies seems to have finally bitten the bullet - UK's leading SAP consultant Axon Group Plc. said it would reject Infosys' bid offer and instead recommend to its shareholders a better offer made by rival HCL Technologies.
02 Oct 2008
4. Deep Flight "winged submersible" : up to 11km deep sea
Deep Flight Challenger was built to enable adventurer, Steve Fossett, to set the ultimate solo dive record for all time (37,000 feet).
02 Oct 2008
5. HCL Tech sparks bidding war by offering £441.1 million for Axon; hold on, says Infosys
After lying low for about a month, India's fifth largest IT consultant and software services exporter HCL Technologies has grabbed the headlines by upstaging bigger rival Infosys Technologies and launching a rival £441.1 million ($816 million) bid for leading UK-based SAP consulting company, Axon Group Plc.
29 Sep 2008
6. NIIT Technologies wins multi-year contract from British Airways, to focus on travel, transport and retail segments
Software services firm NIIT Technologies Ltd said it has signed a 3-year multi-million pound deal with British Airways for support and testing of the airline's business critical applications across various business areas.
27 Sep 2008
7. Infosys renews group insurance cover with LIC for record Rs.24,000 crore
IT bellwether Infosys Technologies said it has renewed its group insurance cover for the entire Infosys staff, numbering over 94,000, with India's largest insurer Life Insurance Corporation of India (LIC), for a whopping Rs.24,000 crore ($6 billion).
12 Sep 2008
8. Wipro, Harman International to develop audio and infotainment solutions in India
India's third largest IT consultant and software exporter, Wipro Technologies and US audio equipment maker, Harman International Industries said they would jointly launch an embedded engineering center in India.
04 Sep 2008
9. Infosys Technologies buys UK-based Axon for £407.1 million, aims to become leading SAP service provider
In what is being touted as the biggest overseas buy by an Indian IT firm, India's second largest IT consultant and software exporter Infosys Technologies said it has agreed to acquire leading UK-based SAP consulting company, Axon Group Plc. for £407.1 million (Rs.3310 crore or $753.1 million).
26 Aug 2008
10. HCL Technologies opens new development center in Sydney
India's leading IT consultant and software services firm HCL Technologies has opened a new global development center in Sydney, a move that is part of HCL's global delivery strategy to offer customers support from various locations around the world.
22 Aug 2008
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