Wipro, Satyam join TCS, Infosys in beating rupee blues.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
The appraisals being done by most companies this year are harsher than past ones with higher threshold in many metrics. Reduction in headcount has been done across most tier-I and tier-II IT firms along with global technology firms in the country.
Tata Consultancy Services (TCS) is likely to maintain its leadership position over the next three years backed by a strong and satisfied client base.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
Technology evolution forces private players to downsize operations.
Infosys Technologies today reported a 14.17 per cent growth in consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) for the third quarter ended December 31, 2010, which according to market observers has failed to cheer the street.
Tata Consultancy Services (TCS), Infosys Technologies and Wipro were eliminated from the selection process for the project on technical grounds. Another IT major, HCL Technologies, was also rejected. The size of the project is not yet known.
Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.
However, the demand for traditional IT work might decline.
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
It's the second time Nasscom has projected single-digit growth in a decade.
The net profit of 82 firms up 20.2%, but topline growth slows to 14.7% on muted show by manufacturing firms.
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. But most of them see continuing value when it comes to employee training, even though it skims crores (tens of millions) of rupees off their top-lines.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
They have increased their holdings in Infosys Technologies, TCS and Wipro between two and four per cent, going by the shareholding data for the quarter ended December 31, 2007.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
Analysts expect the company to post 6.2% sequential growth in rupee revenue.
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
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Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Infosys, TCS, Wipro, Cognizant and Satyam and Bharti Tele-Ventures figure in the elite list.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
Over two dozen companies have announced bonus issue so far in 2017
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
He will be responsible for developing and delivering end-to-end IT services and business solutions for global corporations, state and local governments.
Their fears were not unfounded, since the average salary increases of information technology professionals was down to 1.4 per cent for 2009.
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
Partly an answer to downturn, political pressure; trend should shift again, say analysts.
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers
While the denial rate has dropped slightly to 21 per cent in 2019 from 24 per cent in 2018, the National Foundation for American Policy has said it is much higher for Indian IT companies like Tata Consultancy Services (TCS) and Wipro and very low for American companies like Amazon and Google. For instance, the denial rate for TCS and Infosys in 2019 was 31 per cent and 35 per cent respectively, whereas for Wipro it was 47 per cent and 37 per cent for Tech Mahindra. On the other hand, the denial rate for the new H-1B petitions in 2019 was just four per cent each for Amazon and Google. The denial rate for Microsoft during the same period was six per cent, and Facebook along with Walmart was just three per cent each.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
