Gopalakrishnan said the reason why the IT industry has scaled itself up is because cos adapted to the changing times, providing them with huge growth opportunities. Leverage on unique diversity to achieve IT development: Infosys

"Despite an expected moderation in revenue growth in 2012 from 2011 levels, the outlook for the Indian IT services sector is stable on the back of its strong liquidity position," Fitch said in its annual reportOutlook for Indian IT services sector in 2012 stable: Fitch

BHOPAL: With IT majors like Infosys and TCS gearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to position itself as the most sought-after destination after metros like Bangalore, Pune and Hyderabad which are facing severe space crunch. As per the MoU signed between the Shivraj Singh Chouhan government and Infosys, the IT major is setting up its unit with the investment of Rs 600 crore on 130 acres of land on the Indore-Ujjain Super Corridor. The project likely to be completed in five years will generate 13,000 jobs. The Rs 98-crore Super Corridor connects Indore and Ujjain. With Infosys setting up its shop, another global leader TCS is too not lagging far behind. "We have also got a proposal from Tata Consultancy Services (TCS) for inking an MOU for setting up IT facility in the Super Corridor," Madhya Pradesh Industries Minister Kailash Vijaywargiya told PTI yesterday. When asked about the details about the proposal, the minister said it would be more or less on the same lines as that of Infosys. After studying the proposal and clearance by the State Law Department, dates for inking MoU with TCS will be finalised, he said. With the two IT giants entering the state, Madhya Pradesh is set to become a major IT destination and a hub for the software industry, Vijaywargiya said.Infosys to set up Rs 600 crore unit in MP's super corridor

Just a few blocks away from Yahoo's corporate headquarters, the facility would serve as the worldwide headquarters of TCS' Mobility Solutions Unit.TCS expands US operation with new facility in Silicon Valley

"IT can provide access to healthcare facilities. Also, it can have a positive impact on affordability and effectiveness of healthcare in India," Som Mittal aid.Infotech can improve healthcare in India: Nasscom

Worried over the adverse fallout of protectionism, Finance Minister Pranab Mukherjee today said if the US stops outsourcing jobs to India, profitability of both the economies will be hurt.Protectionism to hurt both US and India, warns Pranab Mukherjee

Norway's Telenor plans to broaden its IT outsourcing pact with Wipro beyond India to ring in cost efficiencies in other Asian markets.Telenor keen to broaden IT outsourcing pact with Wipro beyond India

The body's members, which include companies such as Infosys, TCS and Wipro, are struggling to provide clarity about demand. Apex body of Indian technology companies likely to forecast slowdown in Indian software exports in 2012-13

Asserting that the Indian IT industry is looking at new growth models, HCL said more Indian cos should look at creating local jobs in foreign lands.HCL wants more Indian companies to create jobs abroad

Mahindra group's two technology ventures, Tech Mahindra and Mahindra Satyam, would be merged by the end of this year, a senior group official said here.World Economic Forum Davos 2012: Mahindra Satyam, Tech Mahindra merger by 2012-end

IAN said in a statement that Peel-Works would use the funds to expand product offering, creating technology differentiators and human capital.Indian Angel Network to invest Rs.3.25 crore in Peel-Works

The suit against L&T Infotech alleges the company terminated employment a day after the woman told her immediate superior that she was expecting.L&T Infotech's US arm accused of discriminating against pregnant staffer

Infosys was 'advised' that some of its employees and the company are targets of an investigation in connection with alleged United States visa abuseInfosys says US investigating B1 business visa sponsorships

The Home Ministry had raised concerns on allowing UIDAI to extend its coverage from 200 million to 1.2 billion people as the ongoing census is also capturing biometric information.Some ground covered, PM Manmohan Singh to fix UIDAI mandate tomorrow

IT company iGate Patni said it has got approval for expanding its facilities in Pune, Mumbai and Bangalore at an investment of $120 million. iGate Patni to invest $120 mn for expanding India facilities