There are always things you could have done better: CP Gurnani

C.P. Gurnani says Tech Mahindra managed the Satyam Computer Services acquisition from a people and process angle. Photo: Hemant Mishra/Mint Mumbai/New Delhi: C.P. Gurnani does not have an MBA degree but heads a $4.1 billion, 107,000-employee information technology (IT) services company, Tech Mahindra Ltd, as its managing director and chief executive officer. He is also […]

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Will Blackstone deal help Mphasis boost revenue?

Blackstone’s 80 portfolio firms have $85 billion in revenue and for most firms, technology spend is about 5-10% of total revenue, which translates into at least a $4.5 billion opportunity. Photo: Abhishek N. Chinnappa/Reuters Bengaluru: I feel like a kid in a toyshop, excited about the potential ahead of us,” said Ganesh Ayyar, chief executive […]

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Capgemini says it plans to do more R&D work out of India

Maharashtra chief minister Devendra Fadnavis and Capgemini CEO Paul Hermelin at the inauguration of Capgemini Knowledge Park’s new campus in Mumbai on Tuesday. Photo: PTI Mumbai: Capgemini Group, a French information technology services firm with half of its global workforce in India, is planning to make the country its “backbone” by doing more research and […]

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Indian IT industry to grow at 12-14% in 2016-17: Nasscom

Photo: Mint Hyderabad: Software industry body National Association of Software and Services Companies (Nasscom) expects the country’s information technology (IT) industry to grow at 12-14% during 2016-17 even as a stormy debate on job outsourcing rages on in the run-up to presidential elections in the US, the biggest market for the $108 billion industry. “In […]

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Top 7 companies witness erosion of Rs 32,188 crore in market valuation

The combined market valuation of top-seven companiesdipped by Rs 32,188.32 crore last week, with HDFC andSun Pharma taking the steepest hit. While TCS, Infosys, Sun Pharma, HUL, CIL, ONGC and HDFC suffered losses in their market capitalisation (m-cap), RIL, ITC and HDFC Bank made gains. Read more from our special coverage on “COMPANIES” Companies raise […]

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7 Ways to Give Your Retail Store the Local Advantage

As the holiday shopping season approaches, are you getting discouraged by visions of shoppers heading to Walmart on Black Friday and ignoring your store? Well, cheer up. According to a study by Spong, reported in MediaPost, 30 percent of shoppers say if all things were equal, they would choose local over national brands “always” or […]

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Education company wins top business award

Photo: / Bob Capazzo Victoria Newman and Peter Newman at the bat mitzvah of their daughter, Kylie Newman It all started in a one-room schoolhouse. Now, the Greenwich Education Group serves more than 1,000 students annually, employs 107 full-time staff members, and has received this year’s top honor in Connecticut from the U.S. Small Business […]

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Mphasis shares gain over 4 per cent on Blackstone deal

PICS company information Shares of IT firm Mphasis rose by over 4 per cent on Tuesday after the U.S.-listed Blackstone said it will invest up to Rs. 7,071 crore to acquire a majority stake in the mid-sized IT services exporter from Hewlett Packard Enterprise. The stock climbed 4.26 per cent to Rs. 473.85 on BSE. […]

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Bankers likely to reject Mallya’s Rs.4,000 crore offer

Mr. Mallya had offered to pay Rs.4,000 crore by September. The total due of the airline is around Rs.9,000 crore, of which the principal amount is Rs.6,903 crore. The consortium of bankers led by the State Bank of India is likely to reject the Rs.4,000-crore offer from liquor baron Vijay Mallya to settle the dues […]

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Govt to push for consolidation of public sector banks

In his Budget speech, Mr. Jaitley had announced that public sector banks are expected to get an infusion of Rs. 25,000 crore this fiscal The government will push for consolidation of public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said today. “We have now undertaken this exercise of recapitalisation of […]

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