Aircel and Wipro Renew Outsourcing Ties

Aircel and Wipro were engaged in a technology outsourcing contract that was recently renewed as confirmed by both the companies. The contract was estimated to be worth approximately Rs 500 crore. The timeline of the renewal was spread over five years. Both the concerned companies, however refused to comment on the estimated value of the […]

Service Tax on foreign telecom services; a major blow to Indian BPO, IT and ITeS sector

August 11, 2011: If it was economic downgrading of US last week, then this week it is the decision on imposing tax on Service providers in the telecom industries making buzz in the IT and ITES companies. The decision is definitely going to have a bad impact on the cash flow of Information Technology (IT) […]