Focus shifting from international to local revenue for IT. As country builds it's IT infrastructure more business available localy and good experience of TCS , Infy while working with international companies is advantage to the country.

IT sector should perform better than infrastructure stocks.

IT major Infosys would soon set up its second project in Orissa at an investment of Rs 300 crore, official sources said. Infosys's plan for the state was announced by its director (human resource) TV Mohandas Pai after meeting the chief minister Naveen Patnaik here last evening.

While as many as 3,000 IT professionals were now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project.

It's difficult to understand that 1000 Cr market cap for a company that sells instant messaging software. I understand technology enough and never bought a single instant messaging app. I am not sure if I know many people out there who might have bought an IM. Why would you pay for something that's available freely. what ever could be the features.

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Indian information technology companies are
eyeing the $10-billion medium multi-role combat aircraft deal, up for
grabs from the Indian Air Force.

Of this, about $1-1.5 billion (Rs
4,600-6,900 crore) is the size of the total IT integrated services pie,
that would include engineering services and IT services, said industry
sources.

IT stocks that continued to hog the limelight before the result season have been facing the brunt of selling pressure of late on account of the sharp appreciation of the rupee.

Though frontline companies in this space have come up with better guidance and favorable demand outlook by overseas clients, the appreciation of the rupee seems to have dampened spirits.

The results posted by most companies for the quarter ended September 2009 were better than their performance for June 2009 quarter.