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India News Briefs
High volumes, low margins
rule the Indian PC market in 2003: Gartner
Economic growth and strong offerings from assemblers will be the
leading demand drivers for the PC market in India in 2003, according
to the latest report from Dataquest Inc, a unit of Gartner. Gartner
has forecasted PC shipments to increase 18 percent in 2003 following
the 12 percent growth seen in 2002.
HSS lines up $20 mn
to finance BFSI acquisition
To fuel its acquisition strategy, Hughes Software Services (HSS)
is looking at investing up to $20 million to buy out a software
services company in the banking, financial services and insurance
(BFSI) sector.
Top News
Low margins may force
rethink on biz models
It is no secret that large parts of the information technology business
have become commoditised with players forced to compete on price.
Wipro stock plummets,
sinks to two-year low
It was a familiar scene in the markets on Thursday, April 17. Close
on the heels of the Infosys drubbing, software major Wipro too was
hammered by the market following the announcement of results and
lower than expected earnings guidance.
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