US Senate's rejection of a bailout package for auto firms to impact revenues. None of the IT firms give any break-up of the exposure to the auto industry, but analysts said TCS offers services to clients such as Chrysler, Ferrari and Nissan.
A look at the differences in the sector-coverage of the Sensex and the Nifty suggests that the divergences in index movements could increase.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
The proposed campus will come up on around 125 acres, which the company will acquire from airport authorities, and would house as many as 3,000 employees.
Information technology majors Infosys, Wipro and HCL have posted strong results, but analysts are still skeptical on whether the domestic IT industry will be able to sail through the US slowdown, maintaining its profitability and margins. The results of the three firms were in line with market expectations. Analysts believe that the company was able to post a positive result mainly because it has been successful in moving its incremental business out of the US to Europe.
Lockheed Martin is in talks with Infosys Technologies, Wipro, Reliance Industries, the Tata group, Larsen & Toubro and Hindustan Aeronautics to source software services, components and systems.
TCS, Wipro and Infosys dropped by up to 4.47 per cent, dragging down the BSE IT index by 2.96 per cent
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
Colleges are witnessing more offers, with better salary packages. Median salary packages offered have improved over last year.
Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
From makers of steel to specialty packaging, world-class Indian companies with sophisticated management are acquiring or merging with US companies.
The West Bengal government on Thursday said it has received applications for 21 SEZs in the IT sector, of which six were in the final stage of approval. A SEZ set up by Wipro was already functioning in the state, while the other six can take up construction soon. A wireless technology research centre was being set up at Calcutta University. Commenting on WB's progress, State IT Minister Debesh Das said starting IT in 1999-2000 by 2005-06 the state witnessed 17-fold increase.
Indian IT firms are learning to cope with the appreciating rupee, according to Pradeep Udhas, global head (sourcing advisory), KPMG.
The job placement rate for students trained by NIIT in China is over 90 per cent.' A revealing excerpt from Saibal Dasgupta's Running With The Dragon: How India Should Do Business With China.
Tech stocks zoomed in the special trading session on Saturday on huge buying support.
RoHS-compliance is still at an awareness stage in India.
'Kindly advise about the following stocks. Can I hold or exit?'
Major IT firms Dell, Intel, Aricent, HCL Technologies, Wipro, Lenovo, Nokia and Tulip Telecom, among others, have realised that "going green" is profitable business. Not only does it require a low initial investment but it also earns them brownie points for helping in reducing e-waste.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
It's puzzling why Indian cos keep their acquired brands out of play.
The company is looking at building the 'bench' of employees in reserve, to be prepared for emerging demands, beside keeping staff attrition in control. Maintaining decent bench strength would help in implementing new projects.
Fourth quarter earnings of blue-chips such as Infosys, TCS, Wipro, RIL and inflation data for March will dictate the trend on the bourses in a holiday-shortened week ahead, experts said.
The company has also turned its attention to new markets such as Australia, China, Japan, West Asia, Canada, South America and Latin America.
It's advantage for Indian companies like Infosys, Wipro and Tata Consultancy Services on the country's information technology services arena over their global peers including the giants like IBM and Accenture
Nifty ends above 8,600; Tata Motors, RIL top leaders
As he prepares to step down, Infosys chairman N R Narayana Murthy reflects on the company he built, the future of IT and the effects of globalization.
With organic growth slowing down due to the appreciating rupee and rising wages, Indian information technology companies have taken the acquisition route to add marketing muscle and win clients in Europe and the US.
"Software patents are a killer for the economy in the end". It's natural to be surprised at this statement when most major global and Indian information technology firms -- right from IBM, Microsoft, Sun to Tata Consultancy Services, Infosys and Wipr
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Will Infy spring a surprise in subdued second quarter?
HCL Technologies has to fine-tune strategies to improve performance in the March quarter.
Goa, which has failed to draw IT giants as they required huge land requirment, is attracting huge investments from several smaller companies.
Rising wage costs, competition from countries like China, the impending withdrawal of tax incentives under the STPI scheme, the slowdown in the US and the rising rupee have all punctured the optimism of the IT industry.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
Wipro chairman Azim Premji on Friday became the first Indian to receive the prestigious Faraday Medal from Institution of Electrical Engineers, the largest professional engineering society in Europe.
