Articles Related to Indian companies

Putting new restrictions on H-1B visas in the U.S. would be a barrier to trade, the president of a large Indian trade association said Wednesday. The remarks come in response to an inquiry by two U.S. senators into alleged misuse of the visas.

IBM Corp. has bagged a 10-year business transformation contract from a large Indian mobile services operator, Idea Cellular Ltd. The contract, awarded on a risk-reward revenue sharing model, is expected to bring to IBM revenue of between US$600 million and $800 million over 10 years, Idea said Wednesday.

Large offshore Indian vendors of IT services continue to make gains and have begun to pose a serious threat to the top global players, according to research firms IDC and Forrester Research Inc.

U.K. retailer Tesco PLC has set up an IT services and business process support subsidiary in Bangalore and plans to move hundreds of jobs there later this year, according to a company executive.

Things may be quiet on the IPO front, but the Singapore-India connection is heating up in other quarters, judging by the recent intensification of activities in the IT arena.