News

Indian IT Stocks Walloped in 2008

Stocks of several major Indian software firms including Satyam, Infosys, Wipro, Tata Consultancy Services and Patni have taken a severe beating this year and are currently trading close to their 52-week lows reflecting serious investor concerns about the future growth prospects.

Take a look at how the stocks of some prominent Indian software companies have fared this year in the below table:

IT cos trim sales force in wake of slowdown

The ongoing turmoil in the US economy is forcing many Indian IT companies to rethink their expansion plans besides adopting cost cutting measures

Xplore Software Systems is not going to trim Work Force

In the ongoing trend when many of the Software firms are trimming their work force for cost cutting measures, XSS has taken a 'Historic' decision that the company will not trim its work force at any cost.

This decision has taken because of the company's employee welfare policy.

Xplore Software Systems has started "Career Enhancer Program (CEP)"

XSS has started CEP for his employees. In this program, the company will fund the online certification exams for his employees.

The CEO of XSS said that this will help XSS in serving its clients more efficiently and also it will give our employees an opportunity to prove their excellence to the world.

Xplore Software Systems will open another Development Cum Sevice Center

In the annual meeting of XSS's team, It has been decided that XSS will open a new Development Cum Service Center in Delhi to provide better service. This Center will be equipped with all the latest facilities and will provide all the software, hardware and networking solutions to its clients.