The founder of the Cafe Coffee Day chain was one of MindTree's first venture capitalists, buying an initial 6.6 per cent stake in the company for Rs 41 a share in 1999. He now owns 22 per cent stake in MindTree through his companies and personal holdings.

V.G. Siddhartha seldom airs his views about businesses he is involved in. But in a candid conversation with BT, the Cafe Coffee Day founder discusses the rationale of his investments in the Bangalore-based mid-tier IT company MindTree, in which he is also the largest shareholder.

Steel Authority of India (SAIL) and Vedanta group firm Sterlite Industries are being moved out of the National Stock Exchange's benchmark index Nifty.

The body, which represents the $100 billion Indian IT-BPO industry, has also appointed MindTree CEO Krishnakumar Natarajan as the Vice Chairman of the Executive Council.

Mid-sized IT firm MindTree on Monday posted an over two-fold increase in net profit at Rs 68.9 crore for the quarter ended March 31, driven by strong growth in software services.

MindTree's expansion of its presence in the US is expected to bring some 400 new jobs to the Gainesville area beginning late this summer, the company said in a statement.

MindTree has appointed Subroto Bagchi as its chairman with effect from April 1, 2012. It has also appointed Albert Hieronimus as vice chairman of the company.

Captains of smaller IT firms say they have no visibility into what their customers would do beyond two quarters as the macros, particularly the Euro crisis, have made clients cautious.

Starring: Divya Narendra, Vinod Jain, Ashok Soota, N. Srinivasan, Srini Koppolu

Shares of MindTree, which have lost over 36 per cent since the start of this year, opened on a strong note, surged to a high of Rs 425.50, before closing 10.52 per cent higher at Rs 397.

IT firm MindTree on Wednesday posted an over two-fold increase in its net profit at Rs 34.5 crore for the quarter ended June 30, 2011, driven by high operational efficiency and strong deal pipeline.

Ashok Soota, former Chairman of IT firm MindTree, on Thursday sold half of his 11.4 per cent stake in the company in a block deal.

Shares of IT firm Mindtree zoomed up by over 19 per cent in morning trade on the bourses today amid media reports that 22 lakh shares of the company changed hands in a block deal.

IT firm MindTree on Thursday reported a consolidated net profit of Rs 32 crore for the quarter ended March 31, 2010. It had a net profit of Rs 54.4 crore in the same period previous fiscal.

The incubating arm of IIT-Madras is a clear favourite among wannabe entrepreneurs despite the fact that the firms it has hand-held so far have not made it big.

We scan through dozens of research reports from investment houses every fortnight to present you the six most relevant stock recommendations.

A fast expanding coffee-to-infrastructure to-financial services sprawl already ranks V.G. Siddhartha among India's 50 richest people. And, this is just the beginning.

BT asks the who’s who of India’s corporate world—as well as some professionals and leaders from other fields for good measure—to jog their memory and recall the best advice they ever got. What the advice was, who gave it to them and when, and how it helped them.

Indian IT firms have largely given products the miss. But now, a host of start-ups are aggressively launching innovative products that are finding a ready market. Can an Indian company one day launch an MS Word? Suman Layak finds out.