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The IT bellwether posts a consolidated profit of Rs 1,818 crore for the fourth quarter ended March 31, below market expectations. Reacting to the news, its shares were trading 7% lower on BSE.

 
 
Networking technologies major Cisco will lay off its 550 employees as the company embarks on a restructuring of consumer business.
IT spending worldwide is projected to touch $3.6 trillion this year, much higher than in 2010, says Gartner.
The Andhra Pradesh High Court on Friday directed the Income Tax Department as well as Mahindra Satyam not to operate the company's account till March 31.
The scope of the project covers end-to-end IT infrastructure services, which will be provided from TCS' global delivery centres in the Netherlands, Hungary and India.
 
 
Former MindTree Chairman Ashok Soota on Tuesday announced the establishment of his new business company, 'Happiest Minds Technologies Private Limited'.
In January this year, Ashok Soota had resigned as the executive Chairman from the company to pursue a new business venture.
Ambiguity over its business model, top management transition and a testy second-tier leadership will challenge Infosys like never before.
Indian IT giants like TCS, Infosys and Wipro have decided to call back their employees from Bahrain, following the political unrest in the country.
Indian IT giant Infosys has started withdrawing its employees from Japan, company sources said on Tuesday.
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