Today in Tech: Eurozone Worries, B-School Recruitment & a Politician's Ire

Cautious: Infy will grow if Eurozone does – BG Srinivas

Investors have been hammering Infy stock ever since the predominant question turned from ‘By how much will it beat its guidance?’ to ‘Will it meet the guidance?’. The answer, BG Srinivas suggests, is in Eurozone. And, Eurozone seems to be getting only messier every passing day.

MBA rush: IBM, Cognizant and Infosys hire from top B Schools

IT companies are right on the top of these lists – hiring a chunk of B-School grads. Technology hiring might have slowed down a bit, but IT companies seem to want more people with their ears to the ground in a fast changing customer landscape.

Relief: Subex changes old debt for new

Subex, which found its value going on a downward spiral after its debt-fuelled acquisitions turned bad, seems to have found some reprieve. It issued new bonds worth 133 million in place of old FCCBs, in effect getting more time to pay their debts back.

Expanding backyard: Domestic business from banks & financial services will be worth $ 3.5 billion for IT firms

For years, Indian IT services companies were engaged in a wilful blindness of domestic IT opportunity – till IBM won a few blockbuster deals. It’s a $30.5 billion market now. But, the backyard is different from their main market. While companies made most money from banking and finance sector, in India manufacturing, government and energy segments are the big spenders. But, BFSI is growing fast - at 13%.

Aiyar Ire: Manishankar Aiyar says Premji and Murthy represent class interest

For a former diplomat, Aiyar let his temper loose while reacting to what Azim Premji and Narayana Murthy said in the last few days. (He also accused IT companies of profiteering and sending the money abroad as black money; and called CII a 'nefarious' organisation.) About Premji's earlier letter on corruption Aiyar had this to say: ‘They are representing a class interest, government of India represents national interest’. If only it did.

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