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US Slowdown Hits India's IT Sector Hard

Economic slump adds challenge for industry pondering next steps

(Newser) - The credit crunch that has shifted the US economy into neutral has slowed the growth of India’s tech sector, which once boasted growth rates of 40% in the overall strong economy, the Wall Street Journal reports. The slowdown comes as the sector faces increasing competition from abroad and rising... More »

India Tech Consultants Snag Giant Deal

$1.2B outsource win puts Tata firm on scale with IBM, Accenture

(Newser) - Tata Consultancy Service has won a $1.2 billion contract with Neilsen, marking a historical record for an Indian company. TCS will provide the Dutch media powerhouse  with 10 years of infrastructure and financial management, BusinessWeek reports. The deal puts the company on the global finance map, able to compete... More »

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