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  • *Export sales seen growing 12.3 pct in FY16 to $108 billion. MUMBAI, Feb 4- Indian IT services exports are likely to grow at a slower pace next fiscal year than in the recent past as global clients rein in technology spending, an industry lobby group said on Thursday. India's IT and software services export revenue is likely to grow by 10-12 percent in the fiscal year...

  • Top tech fund's manager on stock picks Tuesday, 19 Jan 2016 | 12:50 PM ET
    Top tech fund's manager on stock picks

    Fidelity Select IT Services Portfolio manager Kyle Weaver, explains his fund's tech strategy.

  • MUMBAI, Jan 12- Tata Consultancy Services Ltd is eyeing acquisitions in Europe as well as healthcare technology companies in the U.S. to boost growth, its chief executive said on Tuesday, as India's largest IT services exporter post a 12- percent rise in quarterly profit. India's export-driven outsourcing firms are betting on U.S. healthcare reform to fire up...

  • MUMBAI/ TURIN, Dec 14- India's Mahindra group, with interests from tractors to IT outsourcing, has agreed to buy Italy's Pininfarina SpA in an all-cash deal valuing the Turin- based car designer at just a quarter of its closing price on Friday. In March for instance China National Chemical Corp agreed to buy into tire maker Pirelli& C SpA in a 7.3 billion euro deal.

  • MUMBAI, Dec 14- India's Mahindra group, with interests in cars and tractors, finance and IT outsourcing services, is to buy Italian car designer Pininfarina for about 33 million euros in an all-cash deal. In March, China National Chemical Corp agreed to buy into tire-maker Pirelli in a 7.3 billion euro deal. Mahindra will do the deal via a new unit in which automaker...

  • MUMBAI, Dec 14- India's Mahindra group, with interests in automobiles, finance and IT services, has agreed to buy Italian car designer Pininfarina for about 33 million euros to boost its design capabilities. The deal will be done via a new unit in which automaker Mahindra& Mahindra Ltd will hold 40 percent and Tech Mahindra Ltd, the IT outsourcing arm, will own the...

  • *CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.

  • Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence per share represents a premium of about 72 percent to Xchanging's closing price on Oct. 2, the day before the...

  • Computer Sciences Corp to buy Xchanging for $721 mln Wednesday, 9 Dec 2015 | 3:23 AM ET

    Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, ending a bidding war for the provider of services to the insurance industry.

  • CHENNAI, India, Dec 5- India deployed hundreds of extra soldiers and relief workers to the flooded city of Chennai on Saturday, as criticism mounted that the government has been slow to respond to the heaviest rains in a century. Chennai has boomed as a centre for vehicle factories and IT outsourcing, but trash-filled drains and building on lake beds in the rush to...

  • CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused widespread flooding across the southern Indian state of Tamil Nadu, driving thousands of people from their homes, shutting down factories and paralysing the airport in the state capital Chennai. India's fourth-largest city is a major auto manufacturing and IT outsourcing hub for companies...

  • APEC’s next trade frontier: Thinking small Sunday, 15 Nov 2015 | 11:30 PM ET
    Members of the police Special Action Force (SAF) walk in front of signage for the Asia-Pacific Economic Cooperation (APEC) summit after a drill simulating a Paris-like attack at the venue of the summit in Manila on November 14, 2015.

    APEC kicked off its annual meeting with plans to think small, including finding ways to ensure small businesses benefit from trade deals.

  • Amadeus beats growth forecasts Friday, 6 Nov 2015 | 3:00 AM ET
    Amadeus beats growth forecasts

    Ana de Pro, CFO of Amadeus, which provides IT services and ticket booking systems to companies, says several airlines have renewed contracts with the company, helping to boost its financial results.

  • Nov 4- IT services provider Cognizant Technology Solutions Corp raised its full-year revenue forecast for the third time this year after posting its biggest jump in quarterly revenue in three years. The healthcare unit has led Cognizant's growth in the past year, driven by its $2.7 billion acquisition of U.S. healthcare IT services provider TriZetto Corp and...

  • Nov 4- IT services provider Cognizant Technology Solutions Corp reported better-than-expected quarterly revenue, helped by strong growth in its businesses that serve the healthcare and financial sectors in North America. Revenue from the company's healthcare division rose about 43 percent to $939.2 million in the third quarter ended Sept. 30, accounting...

  • IT services provider Cognizant's revenue up 23.5 pct Wednesday, 4 Nov 2015 | 6:06 AM ET

    Nov 4- IT services provider Cognizant Technology Solutions Corp reported a 23.5 percent rise in quarterly revenue, helped by strong growth in its businesses that serve the healthcare and financial sectors in North America. Net income rose to $397.2 million, or 65 cents per share, in the third quarter ended Sept. 30, from $355.6 million, or 58 cents per share, a year...

  • Oct 19- International Business Machines Corp reported its 14th consecutive fall in quarterly revenue and also fell short of analysts' estimates, hurt by a strong dollar and the sale of low-margin businesses. IBM is shifting from making hardware to cloud computing and, like established rivals such as Oracle Corp and Microsoft Corp, is striving to boost...

  • Financial services start-up Square files for IPO Wednesday, 14 Oct 2015 | 5:27 PM ET
    Square Reader

    Square, which helps businesses manage credit-card and gift card payments, filed for initial public offering with the SEC.

  • Stocks to watch after EMC-Dell deal Monday, 12 Oct 2015 | 1:01 PM ET
    Stocks to watch after EMC-Dell deal

    CNBC's Josh Lipton provides insight to the Dell-EMC deal, and why investors should keep an eye on NetApp and Teradata.

  • Global IT spending to drop in 2015, but rise in 2016: Gartner SVP

    Peter Sondegaard, senior vice-president and global head of research at Gartner, says the currency appreciation in the dollar has caused IT investment to drop this year.