WIPRO

The company, which is seeking to reinvent itself under a new CEO, appealed to analysts at a Florida event.

India's tech scene is evolving rapidly as the country is no longer content to be just a source of cheap labor.

Wipro Gulf Llc, which was established in 2011, will double its staff in Muscat, Oman, as demand rises for its services in the region.

Wipro met expectations and reported strong order wins for its fiscal first quarter, joining bigger Indian rivals Infosys and TCS is pointing to stronger growth ahead.

Infosys was under pressure to bring in a new CEO to check an exodus of senior executives, and reassure clients and investors.

Disappointing economic data from the U.S. last week led to bulk sell-offs in Asian markets, including those in India.

Wipro Ltd, India’s third largest IT service provider, posted a 24 percent rise in net profit in the quarter ending September 30, benefiting from a boost in outsourcing orders.

Shaji Farooq, Infosys's financial services head in the U.S. has resigned and has joined rival business group Wipro.

Asian markets fell Friday as investor confidence was weighed down amid increasing concerns about the global economy after data showed a fall in the industrial output of Japan and South Korea.

Most of the Asian markets rose Thursday amid hopes that the U.S. and China would soon announce stimulus measures to tackle the weakening global economy.

Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.

Cognizant Technologies Solutions Monday raced ahead of India's IT bellwether Infosys as the second largest IT company. New Jersey-based Cognizant beat Infosys in terms of the quarterly revenues in the first quarter of the financial year 2012-13.

Most of the Asian markets rose Tuesday as investors remained hopeful that the world's central banks would announce stimulus measures soon to help boost the global economic growth.

Wipro Ltd, India's third largest IT services exporter, Tuesday reported a jump of 6.7 percent sequentially in its first quarter profits for the financial year 2012-13, aided by the strong demand for outsourcing services and the week Indian rupee.

The Reserve Bank of India will hold its mid-quarter monetary policy review June 18 amid strong demands from the industry and economists for a cut in interest rates. However, the central bank is still weighing the options on rate cuts as curtailing inflation remains top priority.

India's BSE Sensex rose Wednesday following positive cues from Asian markets and the rupee gaining.

Asian markets fell Friday amid increasing concerns over the slowdown in economic growth in China as the country's manufacturing activity grew at a slower pace in May compared to the previous month.

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.

EBay Incorporated (NASDAQ: EBAY) will open a new software development center in Bangalore, India which will employ as many as 1,000 engineers to support its eBay Marketplaces and PayPal products, the company announced Tuesday.

Cognizant Technology Solutions Corp has lowered its full-year forecast due to a slowdown in demand for IT outsourcing.

India will file a formal complaint with the World Trade Organization against the US over its visa policy, which India says is discriminatory to Indian companies, the Wall Street Journal has reported quoting a Ministry of Commerce official.