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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
They were the source for entry-level recruitments in the IT industry before the job market crash.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Markets snapped their 8-day winning streak.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
There has also been a shift from hiring freshers to those with two to five years' experience.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
The recovery was led by information technology exporters.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Can the country afford to have problems of such magnitude in the cities of Gurgaon, Bengaluru, Pune and Hyderabad, which not only are the major growth drivers but are also the biggest revenue contributors in their respective states?
Ajinkya Jain who scored 99.99 percentile in MAHCET 2014 tells us how he cracked the exam.
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