Financial services major Citigroup, which is under pressure from mounting credit-related losses in the US, is believed to be re-structuring its India back-office operations, valued at around $1 billion, in a bid to cut costs and monetise some of these ass...

Indian IT service providers are poised to eke out a larger share of the global $28 billion addressable remote infrastructure management (RIM) services in the next five years, on account of cheaper labour and deeper skill-sets, according to a recent report...

Source: www.business-standard.com Teledata Informatics, a Chennai, India-based firm has acquired a majority stake in the Singapore-headquartered IT distribution and PC maker, eSys Technologies, by investing $105-million (Rs. 470-crore). Accord...