Tata Communications has made announcement that it would invest around $

After the declaration of the national budget for 2008-09, small and medium IT enterprises get disappointed, as there is not much scope to enhance growth prospects of the IT industry.

The National Association of Software and Services Companies (Nasscom) showed extreme distress as Finance Minister P. Chidambaram did not remark on extending the Software Technology Parks of India (STPI) scheme.

The STPI scheme that offers up tax exemptions for the IT industry expires on March 31, 2009.

Information technology (IT) company Infosys Technologies Ltd ha

Mindteck (India) Ltd, a global technology and IT services company has announced that the company has acquired US-based Infotech Consulting for USD 21 million. 

Infotech Consulting, a multi-disciplined technology services firm based in pennsylvania, US with estimated revenue of $31 million as of December 31, 2007, employs over 250 people in the US. The company has a large commercial and governmental customer base and significant expertise in Business Application Consulting (BAC), and Security Infrastructure and Managed Services (SIM),

New York, Feb 4:

Global IT major, Microsoft Corporation has acquired a 35% equity